Golden Independence Mining Corp. announce the completion of the first phase exploration program at the Napoleon project located in the Kamloops Mining Division of British Columbia. The exploration program was completed by Tripoint Geological Services during June and was comprised of rock sampling and prospecting. A total of 13 rock samples were collected and submitted to ALS Global for assaying with results expected over the coming weeks. In the southern portion of the Napoleon claims, the prospecting program at Napoleon located similar intrusive to those hosting the Bonaparte deposit, along with vuugy quartz veins hosted in Nicola Group rocks in the north, which represents a second potential host of mineralization. In the southern portion of the claims closest to the Bonaparte mine, prevalent subcrop of quartz diorite occurs hosting up to 5% disseminated pyrite and pyrrhotite which appears genetically similar to that observed at the Bonaparte mine. The Company will be reviewing the subsequent phase of exploration following the receipt of assay results. The Napoleon property occurs along the same northwest trending erosional exposure through Chilcotin basalts as the Bonaparte Mine. The Bonaparte Mine, located to the southeast, is comprised of several en echelon high-grade gold-bearing quartz veins with similar intrusive rocks mapped within the Napoleon property. Exploration within the region dates back to the 1970's and 1980's with the discovery of gold mineralization in several clusters of quartz vein float material over a diorite intrusion with grades varying
from 3.4 to 547 g/t gold. The adjoining Bonaparte deposit has been extensively explored including underground development, open pit mining, and a bulk sampling which yielded grades of 26.5 g/t gold from a 3,700 metric tonne bulk sample. Golden Independence cautions investors it has yet to verify the historical information and further cautions mineralization on the Bonaparte deposit is not necessarily indicative of similar mineralization on the
Napoleon Gold Project.