Golden Dawn Minerals Inc. Starts Drilling at Greenwood Precious Metal Project
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2015) - Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSXV: GOM) (FSE: 3G8A) (the "Company" or "Golden Dawn") announces the start-up of surface diamond drilling on the Greenwood Precious Metal Project. The crews are being mobilized today, to commence work on Monday Oct. 19th, 2015.
The drill program will consist approximately 1,500 metres in a series of diamond drill holes, designed to test the known silver and gold bearing zones. Dr. Mathew Ball, P.Geo., conducted two separate site investigations of the property and sampled the known zones. This drilling program has been designed and will be supervised by Dr. Ball as a result of his field work and compilation of historical data on the May Mac and Amigo mines.
View map at: http://goldendawnminerals.com/wp-content/uploads/2015/10/MayMac.pdf
The drill targets are located at the May Mac mine, Glory Hole and Amigo No. 1 vein. At the May Mac, the lower Skomac vein in the Lower No. 2 adit is a priority target since it contains significant gold values (13 grams per tonne gold over 0.9 metres, previously announced October 1). The upper Skomac will also be tested to locate the main vein at the 7th level, below mineralized sections that were previously mined, and to test for parallel veins that outcrop on surface near the main vein that have not been investigated to date. The Glory Hole and Amigo No. 1 Vein showings, located 1,000 meters south of the mill processing facility, will be tested for extensions of mineralization exposed at surface and in historic underground workings.
This drilling is being done in advance of planned underground mine exploration that will be conducted with the purpose of locating resources for a bulk sample and trial mining in the May Mac and Amigo areas. All of this work is designed toward advancing the Greenwood Precious Metal Project towards production in the event commercial mineralization is delineated. It is anticipated that the underground program will commence in 2016 after Christmas. A competent mining contractor will be commissioned to conduct underground drilling and subsequent drifting in the existing #6 and #7 adits. The company is in receipt of an underground exploration permit for drilling.
The technical disclosure in this news release has been reviewed and approved by Dr. Mathew Ball, P.Geo., who is a Qualified Person as defined by National Instrument 43-101.
For more details, please see the NI 43-101 Technical Report on the Company's website at www.goldendawnminerals.com.
On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.
"Wolf Wiese"
Wolf Wiese
Chief Executive Officer
For further information, please contact:
Corporate Communications
604-221-8936
allinfo@goldendawnminerals.com
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS DOCUMENT CONTAINS CERTAIN FORWARD LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, DELAYS, AND UNCERTAINTIES NOT UNDER THE COMPANY'S CONTROL WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS. WE SEEK SAFE HARBOR.
