Golden Independence CEO: Advancing A Near Term Asset in A Great Jurisdiction

TL;DR

Golden Independence Mining is a junior mining company with an advanced stage gold project, Independence, located in Nevada. They recently released a compliant mineral resource estimate of over 1.5 million ounces of gold and completed phase two drilling.

Transcript

welcome to another edition of inn ceo talks joining me today is christos doulas the chief executive officer at golden independence mining which trades on the cse under the symbol i gld on the otc under the symbol g-i-d-m-f and on the frankfurt under the symbol 6 n n now as the old saying goes to find a new mind the best place to look is in the shad... Read More

Key Insights

• 📽️ Golden Independence Mining has achieved a significant milestone by releasing a compliant mineral resource estimate for their Independence project in Nevada.
• 👻 The project benefits from being located within the plan of operations of the Phoenix mine, allowing for easier construction and infrastructure utilization.
• 🏅 The company's near-surface resource, estimated at over 684,000 ounces of gold, will be the focus of the preliminary economic assessment.
• ❓ The completion of phase two drilling will contribute to expanding the resource and potential partnership opportunities with neighboring mining operations.
• 🇺🇸 Nevada is a highly favorable mining jurisdiction, accounting for a significant portion of gold production in the United States.
• 🧘 Golden Independence is well-funded, having completed a private placement and positioned to advance the project.
• 🧘 The company's unique position as a junior mining company with an already established resource makes it an attractive investment opportunity.

Questions & Answers

Q: What is the significance of the recently released mineral resource estimate for Golden Independence Mining?

The mineral resource estimate is a major milestone for the company, representing the first NI 43-101 compliant resource statement for the Independence project. It includes a near-surface resource of approximately 684,000 ounces and an underground resource of nearly 800,000 ounces.

Q: What are the objectives of the phase two drilling program?

The phase two drilling program aims to follow up on previous exploration success and expand the resource in the northern area of the Independence project. It also intends to provide data for an internal resource update and support the development of a preliminary economic assessment (PEA).

Q: When can we expect to see the results of the phase two drilling program?

The results from the phase two drilling program are anticipated to be released in late June or early July. These results will contribute to the near-surface resource and the overall resource update by the end of the year.

Q: How does the high gold price environment impact Golden Independence Mining's project?

The high price of gold is encouraging for the company, as it enhances the economic potential of the project. Golden Independence estimates that the project needs a gold price of around $1,600 per ounce to generate a favorable internal rate of return. With gold currently priced at $1,900 per ounce, they believe the project has the potential to be highly profitable.

Summary & Key Takeaways

• Golden Independence Mining has achieved a significant milestone by releasing a compliant mineral resource estimate of over 1.5 million ounces of gold for their Independence project in Nevada.

• The project is located within the plan of operations of the Phoenix mine, operated by Nevada Gold Mines, a joint venture of Newmont Mining and Barrick Gold.

• The company has completed phase two drilling, which aims to expand the resource and generate promising exploration results.