Golden Independence Mining has completed its previously announced proposed acquisition of the Napoleon Gold Project located in Kamloops, British Columbia.
“We are excited to have secured this exciting project which has high-grade gold discovery potential” commented Jeremy Poirier, CEO of Golden Independence. “This project has excellent year-round infrastructure, with a number of large-scale mines in the district, in addition to being wholly owned and free from any underlying royalties. We have commenced with the compilation of historical information and discussions to engage contractors for an initial exploration program and look to announce the details of our program in the near-term.”
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.
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.
Golden Independence Mining is a development company currently hosts an M&I resource of 334,300 ounces of gold and an Inferred resource of 847,000 ounces of gold with a substantial silver credit. A 2021 Preliminary Economic Assessment (PEA) outlined a low-cost heap leach operation focusing on the near-surface resource with total production of 195,443 ounces of gold at an all-in sustaining cost of US$1,078 per ounce of gold.
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