Golden Independence announces acquisition

Mar 31, 2023


Golden Independence Mining Corporation announce that it has entered into an agreement to acquire the Napoleon Gold project, located in Kamloops, British Columbia. “The Napoleon project represents an exciting opportunity to advance generative exploration and add a discovery-potential project to our project portfolio” commented Jeremy Poirier, CEO of Golden Independence.

“Located in a pro-mining jurisdiction with year-round access, in addition to being wholly-owned with no underlying royalties, we would be able to aggressively advance the project. We are currently finalizing plans for an exploration program to commence in Q2/23.

This project complements our more advanced Independence joint-venture project in Nevada. The Napoleon Gold Project is comprised of 996 hectares located in the Kamloops Mining Division approximately 35 kilometres northwest of the city of Kamloops, BC.

The property is wholly-owned with no underlying royalties. The Property has excellent infrastructure with road access via paved and well-maintained gravel roads, in addition to benefiting from a strong mining workforce with several active mines in the area including New Gold’s New Afton Mine.

The Property is prospective for intrusion-related gold mineralization in addition to other related styles of mineralization such as large bulk tonnage gold-copper porphyry-style mineralization and paleo-placer style of mineralization.

Exploration in the region dates back to the 1970’s and 1980’s with the discovery of gold mineralization in several clusters of quartz vein float material over a diorite intrusion with grades varying from 3.4 to 547 g/t gold. The Property adjoins the Bonaparte deposit which has seen extensive historic exploration including underground development, open pit mining, and a bulk sampling which yielded grades of 26.5 g/t gold from a 3,700 metric tonne bulk sample.

Golden Independence cautions investors it has yet to verify the historical information and further cautions mineralization on the Bonaparte deposit is not necessarily indicative of similar mineralization on the Napoleon Gold Project.

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