Golden Dawn Drills 12.3 Meters (9.24-21.58 m), 3.53 g/t Au, 0.11% Cu, Including: 4.6 Meters (17.0-21.58 m), 7.60 g/t Au, 0.13...
December 04 2017 - 11:00PM
Wolf Wiese, CEO of Golden Dawn Minerals Inc. (TSX V:GOM)
(FRANKFURT:3G8A) (OTC:GDMRF) (the “
Company” or
“Golden Dawn”), announces more results from
surface diamond drilling at its Golden Crown property, part of the
Greenwood Precious Metals Project.
Surface diamond drilling is ongoing at the
Golden Crown property, part of the Greenwood Precious Metals
Project. To date, a total of 2,954 metres have been drilled in 31
holes. Initial results for holes 1 to 9 were previously released
(see NR dated Oct. 31). Results for holes 10 to 19 are reported
herein, along with those for the first 9 holes, which are updated
to include re-assays of samples where initial results were higher
than the upper detection limit. Significant results for gold,
silver and copper are presented in the table below. The results
indicate gold and copper values of economic interest in massive
sulphide veins and adjacent wall rocks, as shown in the table
below.
Length weighted average grades were calculated
for two intercepts as follows:
1. |
GC17-02: |
12.3 meters (9.24-21.58 m), 3.53 g/t Au, 0.11%
Cu,Including: 4.6 meters
(17.0-21.58 m), 7.60 g/t Au, 0.13% Cu |
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Note: these intercepts
include a few intervals of low core recovery (as low as 21%). |
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2. |
GC17-05: |
6.95 meters (14.65-21.60m), 6.77 g/t Au, 1.18%
Cu,Including: 2.69 meters
(18.13-20.82m), 16.48 g/t Au, 1.96% Cu |
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Table of Significant Results for Golden Crown Drill Holes 1 to
19.
Hole |
From(m) |
To(m) |
Length(m) |
SampledLength |
Gold(g/t) |
Copper(%) |
Silver(g/t) |
Comment |
GC17-02 |
9.24 |
9.79 |
0.55 |
0.55 |
1.61 |
NS |
NS |
serpentinite |
9.79 |
14.02 |
4.23 |
0.89 |
1.08 |
0.13 |
NS |
diorite21% recovery |
14.02 |
14.83 |
0.81 |
0.81 |
3.58 |
0.19 |
NS |
Massive sulphide (King) |
14.83 |
17.00 |
2.17 |
0.59 |
NS |
NS |
NS |
serpentinite27% recovery |
17.00 |
17.57 |
0.57 |
0.57 |
7.57 |
0.08 |
NS |
massive sulphide (King) |
17.57 |
18.18 |
0.61 |
0.61 |
4.03 |
0.15 |
NS |
massive sulphide (King) |
18.18 |
18.84 |
0.66 |
0.66 |
14.10 |
0.18 |
NS |
massive sulphide (King) |
18.84 |
19.74 |
0.9 |
0.52 |
2.52 |
0.11 |
NS |
massive sulphide (King)57% recovery |
19.74 |
20.6 |
0.86 |
0.86 |
17.30 |
0.27 |
NS |
massive sulphide (King) |
20.6 |
21.58 |
0.98 |
0.85 |
1.91 |
NS |
NS |
serpentinite87% recovery |
GC17-04 |
24.2 |
25.1 |
0.9 |
0.9 |
1.05 |
NS |
NS |
diorite |
41.47 |
42.47 |
1.0 |
1.0 |
1.04 |
NS |
NS |
serpentinite |
69.54 |
69.95 |
0.41 |
0.41 |
11.20 |
0.12 |
NS |
massive sulphide (King) |
GC17-05 |
14.65 |
14.96 |
0.31 |
0.31 |
1.36 |
3.19 |
37.4 |
massive sulphide (King) |
14.96 |
15.95 |
0.99 |
0.99 |
NS |
NS |
NS |
diorite |
15.95 |
16.92 |
0.97 |
0.97 |
0.51 |
0.60 |
9.0 |
diorite |
16.92 |
18.13 |
1.21 |
1.21 |
0.14 |
0.71 |
10.3 |
diorite |
18.13 |
18.44 |
0.31 |
0.31 |
16.90 |
4.15 |
72.7 |
massive sulphide (King) |
18.44 |
18.84 |
0.4 |
0.4 |
58.30 |
3.18 |
75.6 |
massive sulphide (King) |
18.84 |
19.24 |
0.4 |
0.4 |
24.50 |
3.92 |
67.5 |
massive sulphide (King) |
19.24 |
20.56 |
1.32 |
1.32 |
0.81 |
0.19 |
3.0 |
diorite |
20.56 |
20.82 |
0.26 |
0.26 |
18.80 |
3.47 |
59.9 |
diorite |
20.82 |
21.28 |
0.46 |
0.46 |
2.72 |
0.57 |
9.7 |
diorite |
21.28 |
21.6 |
0.32 |
0.32 |
1.01 |
0.64 |
13.5 |
diorite |
GC17-08 |
47.98 |
48.36 |
0.38 |
0.38 |
2.01 |
0.12 |
NS |
diorite |
79.96 |
80.52 |
0.56 |
0.56 |
12.60 |
0.26 |
2.9 |
massive sulphide (Winnipeg) |
80.52 |
81.22 |
0.7 |
0.7 |
7.55 |
0.23 |
2.4 |
massive sulphide (Winnipeg) |
109.15 |
109.45 |
0.3 |
0.3 |
2.71 |
NS |
NS |
diorite |
GC17-09 |
41.91 |
42.21 |
0.3 |
0.3 |
4.01 |
NS |
NS |
diorite |
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Table of Significant Results for Golden Crown
Drill Holes 1 to 19 (cont’d).
Hole |
From(m) |
To(m) |
Length(m) |
SampledLength |
Gold(g/t) |
Copper(%) |
Silver(g/t) |
Comment |
GC17-10 |
69.56 |
79.06 |
0.5 |
0.5 |
3.26 |
0.35 |
5.4 |
massive sulphide (King) |
GC17-11 |
30.38 |
31.18 |
0.80 |
0.80 |
1.98 |
3.72 |
92.8 |
massive sulphide (King) |
46.90 |
47.65 |
0.75 |
0.75 |
1.67 |
0.11 |
NS |
sulphide veinlets |
GC17-12 |
56.42 |
56.70 |
0.28 |
0.28 |
6.75 |
NS |
NS |
massive sulphide (King) |
60.20 |
60.70 |
0.50 |
0.50 |
2.45 |
0.09 |
NS |
sulphide veinlets |
64.38 |
65.88 |
1.50 |
1.50 |
4.99 |
0.12 |
NS |
qtz-sulfide veins in serpentinite |
72.68 |
73.38 |
0.70 |
0.70 |
1.74 |
NS |
NS |
sulphide veinlets |
GC17-13 |
41.0 |
42.13 |
1.13 |
1.13 |
2.51 |
0.15 |
NS |
massive sulfide (King) |
GC17-14 |
33.88 |
34.45 |
0.57 |
0.57 |
27.20 |
0.11 |
NS |
qtz-sulphide vein (Portal) |
37.17 |
38.47 |
1.30 |
1.30 |
4.29 |
0.07 |
NS |
qtz-sulphide vein (Portal) |
GC17-15 |
22.32 |
22.80 |
0.48 |
0.48 |
2.34 |
0.10 |
NS |
qtz-sulphide vein (Portal) |
38.66 |
38.91 |
0.25 |
0.25 |
3.76 |
NS |
NS |
qtz-sulphide vein (Portal) |
41.00 |
41.50 |
0.50 |
0.50 |
1.30 |
NS |
NS |
greenstone |
43.73 |
44.04 |
0.31 |
0.31 |
3.04 |
0.13 |
NS |
qtz-sulphide vein (Portal) |
49.86 |
50.13 |
0.27 |
0.27 |
1.16 |
NS |
NS |
massive sulfide (Portal) |
GC17-16 |
27.00 |
27.73 |
0.73 |
0.73 |
7.21 |
0.24 |
NS |
qtz-sulphide vein (Portal) |
39.53 |
39.90 |
0.37 |
0.37 |
7.20 |
NS |
NS |
qtz-sulphide vein (Portal) |
45.00 |
45.33 |
0.33 |
0.33 |
1.13 |
NS |
NS |
Diorite |
49.50 |
51.50 |
2.00 |
2.00 |
5.11 |
NS |
NS |
qtz-sulphide vein & diorite (Portal) |
GC17-18 |
31.25 |
31.55 |
0.30 |
0.30 |
41.40 |
0.17 |
5.9 |
qtz-sulphide vein (SW Zone) |
GC17-19 |
58.47 |
59.00 |
0.53 |
0.30 |
4.09 |
0.81 |
6.5 |
qtz-sulphide vein (SW Zone) |
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NS = not significant; g/t = grams per tonne; qtz
= quartzThe widths of zones reported above for the drill holes are
core lengths, which may be different from true width. There is
insufficient information at this time to accurately estimate the
true width of the zones.
The holes reported above were drilled to test
the King, Winnipeg, Portal, and Southwest zones. The drill program
was successful in that intersections of significant gold and copper
values are associated with massive sulphide veins comprised of the
minerals pyrrhotite, pyrite and chalcopyrite, with minor
arsenopyrite. Several holes also intersected quartz-sulphide veins
containing varying amounts of pyrrhotite, pyrite, and arsenopyrite
in vein quartz. The host rocks include diorite, greenstone and
serpentinite, which also locally contain veinlets and disseminated
sulphides that carry gold values. The initial drilling results are
consistent with previously reported grades and widths for the
Golden Crown deposit. Several previously unidentified veins and
veinlet-hosted mineralization were intersected, as well as
significant gold mineralization in altered wall rocks. The deposit
now appears to consist of a field of multiple veins and veinlets,
with the main vein structures selected as targets for underground
development. The historic JD Zone located 3 km west of the Golden
Crown Mine property, is an additional area hosting gold-quartz and
sulphide veins. As reported in the news release dated October 18,
gold values for individual 1 metre wide surface rock chip samples
from the JD area range between 1.8 and 15.8 g/t gold, with an
overall average of 7.4 g/t gold. The 2018 drill program will
be directed to drill the historic JD Zone and the area between JD
and the Golden Crown mine property along the 3 km trend of
mineralization.
The Golden Crown property lies 3 km from the
Greenwood Processing Plant and is a key component of the material
scheduled to be processed at the plant. Continued drilling is
planned to potentially increase resources and upgrade Inferred
resources to Indicated category. In the next year, the Company will
also permit underground mine development and bulk sampling to
prepare the deposit for full-scale production. Additional
metallurgical and other baseline studies will be carried out. The
Company plans to proceed with permitting a bulk sample and mining
operation at the Golden Crown Mine in 2018.
The Company is steadily progressing towards
re-opening the Lexington mine, located 17km south of the Greenwood
Processing Plant, with de-watering currently nearing completion at
the Lexington mine. In 2018, once the mine is dewatered, trial
mining will commence The Greenwood Processing Plant will be wet
commissioned once the mining operation is underway. The Company is
also proceeding with metallurgical test work utilizing new
state-of-the-art product/waste separation sensor sorting
intelligent technology provided by Steinert US Inc.
Samples reported above were collected under the
supervision of Dr. Mathew Ball, P.Geo. and delivered to Activation
Laboratories (Act-Labs) in Kamloops, B.C. 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 were carried out on initial gold analytical
results in excess of 30000 ppb gold. Silver and other elements were
analyzed by ICP-OES using an aqua regia digestion. Copper results
above 1% were re-analyzed by peroxide fusion. 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.
Quality control was monitored using reference and blank samples
inserted into the sample sequence at intervals. Check analyses are
being performed on selected samples.
The Company would like to clarify that its
decision to proceed to extract mineralized material from the Golden
Crown and Lexington deposits for processing at its facility located
at the Greenwood Precious Metals Project is not based on a
feasibility study. The Company cautions that, in such cases, there
is increased uncertainty and higher economic and technical risks of
failure.
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, President & Chief 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
This press release was prepared by management,
who take full responsibility for its contents. Neither the 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.
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