Golden Independence Announces Results of Ongoing Exploration at the Independence Project, Nevada
Since filing a PEA for a near-surface heap leach operation at the project, the company has focused on improving project metrics that yielded an after-tax NPV of 5% of
The exploration program consists of surface sampling both within the current open pit and east and west of the pit boundary, in addition to sampling from previously unsampled drill holes conducted by previous operators.
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Cautions Regarding Forward-Looking Information
This press release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the laws of Canada and
Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible” and similar expressions or statements. that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved. Forward-looking statements in this press release relate to, among other things, the timing of project clearance, the completion and timing of submission of a technical study to the BLM, the development potential of the project and the potential attractiveness of the Project to a strategic partner. Statements regarding mineral resource estimates may also be considered forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if the Independence Project is developed. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect beliefs, opinions and projections as of the date they are made and are based on a number of assumptions and estimates which, although considered reasonable by the Company, are inherently subject to important business, economic, competitive, political and social uncertainties and factors. Many factors, known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements that are or may be expressed or implied by these forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. These factors include, but are not limited to: the occurrence of unexpected financial obligations, fluctuations in the price of gold or certain other commodities; fluctuations in foreign exchange markets; changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with exploration, development and mining activity (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and floods); the presence of laws and regulations that may impose restrictions on mining and employee relations. Readers should not place undue reliance on the forward-looking statements and information contained in this press release regarding such periods. Except as required by law, the Company undertakes no obligation to update forward-looking statements of beliefs, opinions, projections or other factors, should they change, except as required by law.