Golden Independence CEO: Generating Strong Results at Independence Project in Nevada

TL;DR

Christos Doulas, CEO of Golden Independence, discusses the Independence Project in Nevada, focusing on the near-surface gold resource and future plans.

Transcript

welcome to inn ceo talks in this episode i'm joined by christos doulas the ceo of golden independence which trades on the cse under the symbol i g l d and on the otc under the symbol g i d m f and on the frankfurt under the symbol 6 n n mr doulas has over 25 years of experience in metals and mining having held senior positions in mining equity rese... Read More

Key Insights

• ❓ The Independence Project benefits from its proximity to the Phoenix mine, streamlining the permitting process and potentially creating partnership opportunities.
• 🖕 The near-surface resource is the primary focus, with a PEA expected in mid-November 2021.
• 🛀 Phase two drilling results showed promising intercepts, but further drilling is planned for phase three in 2022.
• 🍉 The CEO believes in the long-term potential of the project, especially considering its resource base and location in Nevada, a top gold mining jurisdiction.
• 🚚 Golden Independence has sufficient funds to complete the earn-in and deliver the PEA, with further capital needed for future drilling and studies.
• 🛻 The CEO remains optimistic about the project's future, expecting news to pick up in the next quarter with the completion of the earn-in and PEA.
• 🤗 The company's long-term objective is to build out the near-surface resource but remains open to potential deals or acquisitions involving the deeper and higher-grade scarring resource.

Questions & Answers

Q: Where is the Independence Project located, and how does it benefit from its proximity to the Phoenix mine?

The Independence Project is in Nevada, just a mile away from the Phoenix mine. Being within the plan of operations of an existing mine streamlines the permitting process for the Independence Project.

Q: What are the current results from phase two drilling?

The phase two drilling results showed promising intercepts, with a notable discovery outside the oxide zone. Although not as robust as a previous result, further drilling is planned for phase three in 2022.

Q: What are the CEO's thoughts on the gold market and its impact on the project?

The CEO believes that gold prices will increase, despite the current challenging market conditions. The project's proximity to an existing significant mine and its resource potential make it an attractive proposition once gold prices improve.

Q: What are the long-term objectives for the Golden Independence company?

The company is primarily focused on advancing the near-surface resource to a production decision, creating a cash flowing asset. However, the CEO is open to potential deals or collaborations for the deeper and higher-grade scarring resource on the property.

Summary & Key Takeaways

• The Independence Project is located in Nevada, adjacent to the Phoenix mine operated by NGM. It is within the plan of operations of the Phoenix mine, making the permitting process easier.

• The focus is on advancing the near-surface portion of the project to a preliminary economic assessment (PEA) for a heat bleach type of operation. The resource released in May 2021 consisted of 684,000 ounces of gold in measured, indicated, and inferred categories.

• Phase two drilling results have been released, with promising intercepts in the north and a significant discovery just outside the oxide zone. Phase three drilling is planned for 2022, depending on market conditions.