Golden Independence Mining announced it raised $294,000 in an initial filing from an offering of $2.89 Million
Golden Independence Mining announced it raised $294,000 in an initial filing from an offering of $2.89 Million
03/16/23, 6:16 PM
Location
Money raised
$294,000
Industry
mining technology
mineral
precious metals
mining
Round Type
seed
Company Info
Location
503 - 905 west pender street
vancouver, british columbia, canada
Additional Info
Golden Independence Mining Corp. is a development company currently focused on the advanced-stage Independence project located adjacent to Nevada Gold Mine’s Phoenix-Fortitude mine in the Battle Mountain-Cortez Trend of Nevada in addition to the wholly-owned Napoleon gold project located in the Kamloops Mining Division of BC. The Independence project 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. The Napoleon project is comprised of over 1,000 hectares and prospective for multiple-forms of gold mineralization, with exploration in the area dating back to the 1970’s with the discovery of high-grade gold.