Precious Metals

Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "Company" or "IGLD") is pleased to announce it has completed its previously announced non-brokered private placement financing (the "Private Placement") and has issued 1,728,864 common shares at a price of $0.29 per common share for gross proceeds of $501,370.56. The Company intends to use the proceeds of the Private Placement for working capital.

In connection with the Private Placement the Company has paid certain cash finder's fees and has issued an aggregate of 49,998 finder's warrants (each, a "Finder's Warrant"). Each Finder's Warrant is exercisable for one common share at an exercise price of $0.29 for 18 months.

All securities issued pursuant to the Private Placement are subject to a four-month hold period from the date of issuance.

About Golden Independence Mining Corp.

Golden Independence Mining Corp. is an exploration company currently focused on exploring the advanced-stage Independence property located adjacent to Nevada Gold Mine's Phoenix-Fortitude mine in the Battle Mountain-Cortez Trend of Nevada. The Independence property hosts a M&I resource of 537,300 ounces of gold and Inferred resource of 943,500 ounces of gold with a substantial silver credit. The Company is actively advancing the near-surface resource towards a production decision with a PEA anticipated in late 2021.

FOR FURTHER INFORMATION PLEASE CONTACT:

Christos Doulis, Chief Executive Officer
Telephone: 1.647.924.1083
Email: christos@goldenindependence.co

This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and such forward-looking statements are not guarantees of future performance of the Company, and include, without limitation, statements regarding the use of proceeds of the Private Placement. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information in this news release, including without limitation, the) management's discretion regarding the use of proceeds. Actual results and future events could differ materially from those anticipated in such information. This forward-looking information is based on estimates and opinions of management on the date hereof and is expressly qualified by this notice. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada at www.sedar.com. The Company assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by applicable law.

NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87020

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Astra Intersects 4.5 G/T Over 9.0 Metres, Extending Mineralization at Depth at Pampa Paciencia Project, Chile

Astra Intersects 4.5 G/T Over 9.0 Metres, Extending Mineralization at Depth at Pampa Paciencia Project, Chile

Astra Exploration Inc. ( TSXV: ASTR) (OTCQB: ATEPF) ("Astra" or the "Company") is pleased to announce the results of the Phase II drilling program at its Pampa Paciencia gold-silver project located in Northern Chile.

Drill Highlights:
  • PPRC-22-45 intersected 4.5 g/t gold equivalent (AuEq) over 9.0 metres, including 12.7 g/t AuEq over 3.0 metres
  • PPRC-22-49 intersected 3.17 g/t gold equivalent over 3.0 metres, including 8.2 g/t gold equivalent over 1.0 metre

"Drilling at Pampa Paciencia continues to produce evidence of a large, mineralized epithermal system concealed by shallow gravel cover." Stated Brian Miller, President, CEO of Astra. "With limited drilling we have discovered three shoots of high-grade mineralization over significant widths and have defined over two kilometres of vein strike length, all within an area which represents less than 10 percent of the total project. Our team's targeting methods have been highly successful at discovering new veins concealed by the shallow cover and data indicates the potential for the district to contain several additional kilometres of concealed veins – all which would have the potential to host additional shoots of mineralization."

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HIGHLIGHTS

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Gold remained near lows not seen in over two years ahead of this week's US Federal Reserve meeting.

Trading as high as US$1,686 per ounce ahead of the event, which ran from Tuesday (September 20) to Wednesday (September 21), gold sank as low as US$1,658 in the immediate aftermath before rebounding to the US$1,670 level.

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Rumors that the gold standard could be reinstated during Trump’s presidency, which ran from 2017 to 2021, centered largely on positive comments he made about the idea. Notably, he suggested that it would be “wonderful” to bring back the gold standard, and a number of his advisors were of the same mind — Judy Shelton, John Allison and others supported the concept.

With Trump now out of office, is the US likely to return to the gold standard? And what would it mean if that happened? Read on to learn what the gold standard is, why it ended, what Trump said about bringing it back — and of course what could happen if it ever came into play again.

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Usha Resources Announces Warrant Extension

Usha Resources Ltd. ("USHA" or the "Company") (TSXV: USHA) (OTCQB: USHAF) (FSE: JO0), a North American mineral acquisition and exploration company focused on the development of drill-ready battery and precious metal projects, announces that subject to the approval of the TSX Venture Exchange (the "Exchange"), it intends to extend the expiration dates by one year on a total of 1,571,135 warrants (the "Warrants") originally issued by the Company on October 21, 2020, November 23, 2020 and December 2, 2020 pursuant to non-brokered private placements.

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Today Glencore International AG ("Glencore") announced, and has made Yamana Gold Inc. (TSX:YRI; NYSE:AUY; LSE:AUY) ("Yamana" or the "Company") aware under the terms of the MARA joint venture ("MARA JV"), that it has reached an agreement (the "Agreement") to acquire Newmont Corporation's ("Newmont") 18.75% shareholding in the MARA Project ("MARA" or the "Project"). Following completion of the Agreement, Yamana remains the MARA JV operator with a 56.25% interest in MARA, with Glencore owning the remaining 43.75%. Yamana welcomes Glencore's increased stake in the Project and believes the Agreement is a positive step for MARA, as the consolidation of ownership amongst partners provides a further endorsement of the quality and strategic optionality inherent in the Project, as well as underpinning its value.

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