Golden Dawn Minerals Inc., (TSX-V:GOM) (FRANKFURT:3G8A) (OTC:GDMRF)
(the “
Company” or
“Golden Dawn”)
announces results from surface rock chip sampling at its Greenwood
Precious Metals Project.
These samples were collected to verify the
presence and grade of mineralization at a number of prospects and
historic mines on the Phoenix and Golden Crown properties, which
were acquired late last year and early this year. Significant
results for gold, silver and base metals are presented in the table
below for from a suite of 86 rock samples. Most of the
samples were chip samples collected across mineralized zones in
outcrop, which are considered to be representative samples across
their reported widths. Only a few samples are grab (spot) samples
that may not be representative of average grades. The results
affirm gold and silver values of economic interest in veins and
wall rocks at various prospects.
Sample |
Length (m) |
Gold g/t |
Silver g/t |
Copper % |
Lead % |
Zinc % |
Prospect |
G208937 |
1.0 |
4.68 |
3.1 |
0.11 |
0.00 |
0.00 |
Sylvester K |
G208938 |
1.0 |
25.50 |
7.5 |
0.14 |
0.00 |
0.01 |
Sylvester K |
G208939 |
1.0 |
10.90 |
5.1 |
0.02 |
0.00 |
0.00 |
Sylvester K |
G208942 |
1.0 |
1.61 |
5.3 |
0.01 |
0.09 |
0.02 |
JD |
G208943 |
1.0 |
15.80 |
4.9 |
0.00 |
0.00 |
0.01 |
JD |
G208946 |
1.0 |
8.26 |
7.1 |
0.10 |
0.01 |
0.01 |
JD |
G208947 |
1.0 |
5.59 |
1.1 |
0.01 |
0.00 |
0.01 |
JD |
G208949 |
1.0 |
4.59 |
0.8 |
0.00 |
0.00 |
0.00 |
JD |
G208953 |
1.0 |
0.27 |
4.2 |
0.32 |
0.00 |
0.01 |
Emma |
G208954 |
grab |
0.08 |
4.2 |
0.12 |
0.15 |
4.15 |
Cyclops |
G208955 |
1.0 |
0.05 |
3.4 |
0.13 |
0.09 |
0.05 |
Lancashire |
G208956 |
1.0 |
2.68 |
1700.0 |
0.07 |
0.41 |
0.22 |
MinnieMoore |
G208957 |
0.4 |
85.90 |
29.8 |
0.01 |
0.00 |
0.00 |
Summit |
G208962 |
1.0 |
12.70 |
5.6 |
0.07 |
0.00 |
0.00 |
JD |
G208963 |
1.0 |
3.92 |
1.8 |
0.00 |
0.00 |
0.00 |
JD |
G208965 |
1.0 |
4.99 |
3.0 |
0.01 |
0.00 |
0.00 |
JD |
G208966 |
0.5 |
2.12 |
1.2 |
0.01 |
0.00 |
0.01 |
JD |
G208967 |
1.0 |
14.90 |
8.5 |
0.01 |
0.01 |
0.01 |
JD |
G208972 |
1.5 |
4.80 |
17.0 |
0.19 |
0.09 |
0.04 |
JD |
G208973 |
1.0 |
14.30 |
2.3 |
0.11 |
0.00 |
0.02 |
JD |
G208975 |
1.0 |
1.82 |
7.1 |
0.29 |
0.02 |
0.03 |
JD |
G208976 |
1.0 |
6.89 |
104.0 |
0.16 |
1.53 |
0.04 |
JD |
G208982 |
1.0 |
0.56 |
2.4 |
0.22 |
0.00 |
0.02 |
Gilt Edge |
G208983 |
1.5 |
0.65 |
1.9 |
0.13 |
0.00 |
0.02 |
Gilt Edge |
G208988 |
grab |
0.30 |
16.1 |
1.09 |
BD |
0.01 |
Hartford |
G208997 |
1.0 |
0.52 |
1.8 |
0.12 |
0.00 |
0.02 |
Gilt Edge |
G208998 |
1.0 |
0.71 |
1.4 |
0.12 |
0.00 |
0.02 |
Gilt Edge |
A06355 |
grab |
4.51 |
BD |
0.01 |
BD |
0.00 |
JD |
A06375 |
1.0 |
3.79 |
503.0 |
0.01 |
17.50 |
0.18 |
Mavis |
A06381 |
grab |
45.10 |
7.7 |
0.16 |
0.00 |
0.00 |
Bay |
A06382 |
1.0 |
0.32 |
23.9 |
0.31 |
0.02 |
0.04 |
Maple Leaf |
A06383 |
1.0 |
0.91 |
46.2 |
0.41 |
0.08 |
0.22 |
Tokyo |
G208936 |
1.0 |
1.91 |
5.0 |
0.33 |
BD |
0.02 |
Gilt Edge |
G208951 |
1.0 |
1.13 |
49.0 |
2.09 |
BD |
0.06 |
Golden Crown |
G208952 |
0.5 |
5.87 |
BD |
0.08 |
BD |
BD |
Golden Crown |
*A2013246 |
2.2 |
8.03 |
4.8 |
0.10 |
NS |
NS |
Sylvester K |
*A2013247 |
2.0 |
28.2 |
6.3 |
0.12 |
NS |
NS |
Sylvester K |
*A2013248 |
3.0 |
14.7 |
2.2 |
NS |
NS |
NS |
Sylvester K |
*A2013249 |
3.0 |
6.9 |
1.3 |
NS |
NS |
NS |
Sylvester K |
*A2013250 |
3.0 |
1.65 |
0.7 |
NS |
NS |
NS |
Sylvester K |
*J296551 |
2.0 |
3.47 |
1.3 |
NS |
NS |
NS |
Sylvester K |
* Samples
collected in 2016 (results previously reported). |
BD = below
detection, NS = not significant |
Click here to view: Sample Location Map
Three samples were collected from the Sylvester
K massive sulphide deposit from an area that was not previously
excavated. Samples G208937 and 208938 were continuous over a
2-metre width that averages 15.09 g/t gold. Sample G208939
was collected 4 metres along strike south of the previous two
samples. These results demonstrate continuity of grade in the
massive sulphide zone 5 to 10 metres south from where samples were
collected in 2016. In 2016, the massive sulphide exposed on the
south end of a trench assayed 8.03 g/t gold over 2.2 metres, and
together with a quartz pyrite mineralized footwall an average grade
of 9.92 g/t gold was obtained over a width of 15.2 metres (see PEA
Report, June 2, 2017, page 119). The high gold grades and large
widths make this prospect very attractive for follow-up
exploration.
The JD prospect is located 2.6 kilometres
northwest and along strike from the Golden Crown property. At JD,
massive sulphide veins are exposed in trenches dating from the
1980’s and as recent as 2004. The veins appear similar to the
resource bearing zones at the Golden Crown property. Several of the
recent samples results are significant, with gold values ranging
between 1.8 and 15.8 g/t gold, and an overall average of 7.4 g/t
gold. This area will be selected for follow-up exploration
including drilling. The Hartford showing (16.1 g/t silver) is
located between Golden Crown and JD and appears to belong to this
same vein system.
The Emma, Cyclops and Lancashire prospects are
copper-bearing carbonate replacement deposits hosted in limestone
of the Brooklyn Formation. Based on the above prospecting samples,
the Emma contains higher copper and gold relative to the Cyclops
and Lancashire, and Cyclops has relatively high zinc values. As
such, the Cyclops and Lancashire are interpreted to lie relatively
distal from any possible source intrusion. The Oro Denoro deposit
is another carbonate replacement deposit that lies along this same
trend. The average grade of a low-grade dump left from previous
operations at Oro Denoro is 0.35% copper and 0.07 g/t gold, based
on a total of 41 composite muck samples collected earlier this
season, within which results ranging up to 1.40% copper and 1.50
g/t gold were obtained. The copper-gold replacement deposits
warrant follow-up exploration for extensions.
The Minnie Moore prospect was previously
explored for gold and silver in vuggy quartz veins that are hosted
within the Brooklyn Limestone. Sample, G208956 was collected from a
trench that exposes the main quartz zone, and from a portion of the
zone where abundant fine-grained galena and/or sulphosalt
mineralization is present. The very high result for silver at 1700
g/t substantiates earlier reports and supports the interpretation
of epithermal mineralization in this area. The highest gold value
was obtained from the Summit property in a chip sample collected
across a known gold-bearing drusy quartz veined stock-work zone.
This result supports previously reported high gold values from this
area of possible epithermal style mineralization.
Elevated copper and gold values were obtained
for samples from the Gilt-Edge prospect, located north of the
historic Phoenix copper mine. The showing consists of outcrop
of fine disseminations of chalcopyrite, pyrrhotite and pyrite in a
micro-diorite intrusion over a length of approximately 15
metres. Five of eight chip samples returned significant
results, with the average of these five samples being 0.18% copper
and 0.87 g/t gold. The results support and affirm records of
historic drilling in this area that intersected wide zones of
mineralization such as 18 metres grading 0.23% copper and 0.30 g/t
gold in drill hole DDH GE-2 (historic records: Granby Mining
Company Ltd., 1968). The prospect is interpreted as a porphyry
copper style disseminated deposit. Further work is warranted to
determine the full extent of the mineralized zone and the gold
content.
Two samples were collected from the Golden Crown
property from zones that are not included in the current resource
inventory. Sample G208951 is from an historic trench on the Queen
zone, comprised of massive sulphide containing pyrrhotite and
chalcopyrite. Sample G208952 is from an historic trench on the
South zone, comprised of vein quartz, pyrite and pyrrhotite.
Both zones are valid targets for exploration by surface
drilling.
The Mavis, Bay and Maple Leaf prospects consist
of polymetallic quartz veins hosted in Jurassic granodiorite
of the Nelson intrusive suite. The Tokyo is
skarn-type, polymetallic mineralization including pyrrhotite,
chalcopyrite, pyrite and sphalerite, hosted within the Brooklyn
limestone that is cut by Jurassic granodiorite of the Nelson
intrusive suite. Additional follow-up sampling is planned for these
prospects based on the positive initial results received to
date.
Collectively, the surface sampling results
verify that significant gold-silver and gold-copper mineralization
is present at numerous properties within the Greenwood Precious
Metals Project. The results indicate that Sylvester K, JD, Minnie
Moore, Summit, Gilt Edge and Oro Denoro deposits warrant follow-up
detailed exploration including surface drilling. These prospects
all lie within 10 kilometres of the Greenwood Processing Plant,
which is key to the economics of the area. Any resources that may
be outlined would likely become sources of feed for this plant.
The Company is currently exploring the Golden
Crown property by surface diamond drilling. A total of 1,358 metres
have been drilled in 19 diamond drill holes completed since early
August. Results are pending.
The Company is also steadily progressing towards
re-opening the Lexington mine and milling operation. A mining
contractor has been hired and de-watering of the Lexington mine is
underway. A mine plan and budget is being prepared for a trial
mining operation to start once the mine is dewatered. A time frame
of about two months has been set for wet commissioning of the
Greenwood Processing Plant, which is scheduled to commence once the
mining operation is underway.
Samples reported above were collected under the
supervision of Dr. Mathew Ball, P.Geo. and delivered to either
Bureau Veritas Minerals laboratory in Vancouver, or to Activation
Laboratories (Act-Labs) in Kamloops, B.C. Bureau Veritas is
an independent commercial laboratory that is ISO 9001 certified.
Analyses for gold were by the fire assay method using 30-gram
samples with an ICP-ES finish. Duplicate gold analyses were
performed on samples containing abundant visible sulphide
mineralization. Silver and other elements were analyzed by ICP-ES
using a near total, four acid digestion. Activation Laboratories
(Act-Labs) is an independent commercial laboratory that is ISO 9001
certified and ISO 17025 accredited. Analyses for gold were by the
fire assay method using 30-gram samples with an AA finish.
Fire assay gravimetric analyses was done on initial gold analyses
that assayed in excess of 5000 ppb gold. Silver and other
elements were analyzed by ICP-OES using an aqua regia digestion.
Results above 100 g/t silver were re-analyzed in duplicate for ore
grade concentrations by the Fire Assay gravimetric method using a
30-gram sample. Samples containing significant visible lead and
zinc mineralization were also analyzed by Peroxide Fusion assay for
Pb, Zn and Cu. For both labs, quality control was monitored using
reference and blank samples inserted into the sample sequence at
intervals. Check analyses are being performed on selected
samples.
Technical disclosure in this news release has
been approved by Dr. Mathew Ball, P.Geo., a Qualified Person as
defined by National Instrument 43-101, and Chief Operating Officer
of the Company.
For more details, please see the most recent
National Instrument 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 WieseChief
Executive Officer
For further information, please
contact:Corporate
Communications604-221-8936
allinfo@goldendawnminerals.com
Renmark Financial Communications Inc. Barry
Mire: bmire@renmarkfinancial.comTel.: (416) 644-2020 or (514)
939-3989 www.renmarkfinancial.com
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