Guest Post: “Golden Independence Mining – simple, low risk heap leach project in Nevada, with “fast-track” opportunity”
Guest post via Peter Epstein of Epsteinresearch.com:
NOTE: For the purposes of this article / interview, all references to historical or prospective mineral resource estimates at the Independence Gold project are on a 100% basis. Management expects to earn a 51% interest in the project by 12/31/21. Management then has the option to acquire (up to) a 75% interest, by spending (up to) US$10M more over four-years (2022-2025).
Golden Independence Mining [“IGLD“] (CSE: IGLD) / (OTCQB: GIDMF) is flying under the radar with its flagship project in Nevada on property within Nevada Gold Mines’ [“NGM“] (a JV between Barrick & Newmont) Environmental Impact Statement & Permitted Plan of Operations footprint. The Independence Gold project is just 0.5 km southwest and adjoins to NGM’s Phoenix-Fortitude mining operations in the Battle Mountain-Cortez trend.
Management is proposing an initial low-cost, low risk, heap leach project that could potentially grow into a larger operation incorporating already identified, much deeper higher-grade (6.5 g/t gold / Inferred) sulphide mineralization.
IGLD is earning up to 75% of a brownfields project with an historical (non NI 43-101 compliant) resource estimate from 2010 of just over 1.0M gold equivalentounces — 343k of which are in a shallow oxide zone. The overall resource comprises oxide epithermal mineralization, plus a deeper sulphide Carlin gold skarn zone.
CLICK HERE to read the full article from Epsteinresearch.com