Golden Dawn Minerals Inc.

Published : May 12th, 2016

Golden Dawn Drilling Intersects Gold And Silver Values Below The #7 Level On Its May-Mac Mine In Greenwood, BC, Canada

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Keywords :   Canada | Copper | Gold | Lead | Mines | Silver | Standard | Zinc |

Golden Dawn Drilling Intersects Gold And Silver Values Below The #7 Level On Its May-Mac Mine In Greenwood, BC, Canada

Vancouver, May 12, 2016 - Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSX-V: GOM; FRANKFURT: 3G8A) (the 'Company' or 'Golden Dawn') reports significant assays in four of 8 surface holes drilled this year (see the following table). The program totalled 729 metres at the Greenwood Precious Metal Project, 5 km West of Greenwood South Central B.C. in the historic Boundary Mining District, 500 km East of Vancouver

Hole From

(m)

To

(m)

Interval

(m)

Gold

(g/t)

Silver

(g/t)

Copper

(%)

Lead

(%)

Zinc

(%)

BF16-03 56.83 57.47 0.64 8.85 25.5 0.12 0.31 0.35
BF16-04 62.34 64.40 2.06 3.53 80.2 0.39 +0.5* +0.95**
Incl. 62.34 63.43 1.09 4.77 151.0 0.55 +0.5* +1.00**
BF16-06 59.60 60.50 0.90 2.13 12.1 0.02 0.41 +1.00**
BF16-07 39.16 41.20 2.04 2.08 50.9 0.22 +0.5* 0.98

m=metres; g/t = grams per tonne;

* includes values above detection limit 0.5%

** includes values above detection limit 1.0%

Note: drill hole interval lengths given; true widths cannot be determined from the information available.

Holes 3 and 4 were drilled below the No. 2 adit on the lower Skomac vein where significant gold assays were obtained last year. The intercepts are elevated in gold relative to those in the upper Skomac vein and are located along strike to the southeast of the new zone discovered last year in hole BF15-06. Holes 3 and 4 therefore demonstrate that the lower Skomac vein may be an extension of the deep zone intersected in hole BF15-06. Additional drilling is planned for this zone from underground.

The objective of the underground drill program is to outline mineralized zones and establish mineral resources. This additional resource will enhance the total assets of the Company's Greenwood Projects, which includes the Lexington mine, Golden Crown mine and modern processing plant. All three mines and the processing plant are located within a 15 km radius. These properties are evolving into a viable mining district with considerable upside potential, and the potential to commence production in the short term.

The remainder of the 2016 holes did not add significantly to the vein system data base.

The surface drill program has been curtailed to allow time for assays and geological information to be updated. Additional surface drilling is planned on targets delineated historically and by recent sampling on the Amigo property (Glory Hole & Adits #1 areas), located 1000 meters to the south of the Mill and the #7 portal. Surface drilling is planned upon completion of the underground drilling program.

The results reported above are from drill core samples collected under direct supervision by Dr. Mathew Ball, P.Geo. Half core samples were cut from the NQ size drill core and bagged at a core processing facility located near the property. The samples were shipped to Actlabs in Kamloops, B.C. Actlabs is an independent, Canadian company, based in Ancaster, ON, and operates 25 laboratories in 13 countries; including a full-service, ISO 17025 accredited lab in Kamloops, BC. Analyses for gold were by Fire Assay method using 30 gram samples and ICP-AES finish. The samples were crushed to 90% passing 10 mesh, then riffle split 1000g, and pulverized (mild steel) to 95% passing 150mesh (105μ), cleaning the pulveriser bowl with sand after each sample, for improved sub-sample representivity and analysis precision. Silver and other elements were analyzed by ICP-AES using a four acid digestion. Over detection limits for silver were re-analyzed by 30g Fire Assay with a gravimetric finish. Blank and certified reference standard samples were included at a frequency of 1 in 20 to monitor the assay lab QA/QC performance.

The technical disclosure in this news release has been reviewed and approved by Dr. Mathew Ball, P.Geo, and Chief Operating Officer of Golden Dawn Minerals Inc, 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

[email protected]

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 COMPANYTO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS. WE SEEK SAFE HARBOR.

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Golden Dawn Minerals Inc.

EXPLORATION STAGE
CODE : GOM.V
ISIN : CA3808956070
CUSIP : 380895 10 2
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Golden Dawn is a gold exploration company based in Canada.

Golden Dawn holds various exploration projects in Canada.

Its main exploration properties are TAM O'SHANTER, CENTRAL CATHARINE, 80 FOOT FALL, LINK-CATHARINE and WILD ROSE BC in Canada.

Golden Dawn is listed in Canada and in Germany. Its market capitalisation is CA$ 12.2 millions as of today (US$ 9.5 millions, € 8.4 millions).

Its stock quote reached its highest recent level on May 27, 2011 at CA$ 2.85, and its lowest recent point on October 17, 2014 at CA$ 0.01.

Golden Dawn has 101 870 000 shares outstanding.

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Financings of Golden Dawn Minerals Inc.
5/8/2013Announcing Proposed Private Placement
4/4/2013Private Placement of $66,810
1/8/2013Private Placement of $ 162,156
11/6/2012Closing of Private Placement of $140,500
Nominations of Golden Dawn Minerals Inc.
12/19/2013Results of AGM - Appointment of New Director
2/15/2011Announces New Appointment to Board
Project news of Golden Dawn Minerals Inc.
1/25/2016Golden Dawn reports final results of 2015 drilling at May-Ma...
12/11/2012Receives Updated Inferred Mineral Resource for Deadwood Gold...
1/25/2012Announces Exploration & Bulk Sampling Intentions on its Gree...
9/1/2011Announces Drilling Program on Boundary Falls
8/19/2011Announces Drilling Program on Wild Rose, Tam O'Shanter
8/4/2011and Nass Valley Gateway Announce NI 43-101
7/13/2011Receives Technical Report for NI 43-101
5/26/2011Receives Initial Mineral Resource Estimate
5/2/2011Renews Mine Evaluation at May Mac Mine
4/21/2011Schedules Resource Calculation
4/4/2011Intersects 127m Grading 0.43 g/t Gold
Corporate news of Golden Dawn Minerals Inc.
6/2/2016Golden Dawn Minerals Inc. Appoints New Executive Director & ...
5/12/2016Golden Dawn Drilling Intersects Gold And Silver Values Below...
4/25/2016Golden Dawn Completes Second Of Three Phases Of Huakan Green...
4/13/2016Golden Dawn Reports Positive Preliminary Economic Assessment...
4/13/2016Golden Dawn Signs Option Agreement With Huakan And Solicits ...
12/18/2015Closing of the Second Tranche of the Company’s Private Place...
12/18/2015Golden Dawn Minerals Inc.: Closing of the Second Tranche of ...
12/17/2015Golden Dawn Confirms Mineralized Zone Extends Below #6 And #...
11/23/2015IIROC Trading Resumption - GOM
11/23/2015Golden Dawn Drilling Intersects Mineralized Zone from #6 to ...
11/23/2015IIROC Trading Halt - GOM
10/22/2015Golden Dawn Minerals Inc. Assays Rock Channel Samples at 529...
10/15/2015GOLDEN DAWN MINERALS INC. STARTS DRILLING AT GREENWOOD PRECI...
10/14/2015Completion of the Financing for $268,147.40
10/13/2015Golden Dawn Minerals Inc.: Completion of the Financing for $...
10/1/2015GOLDEN DAWN MINERALS INC. SAMPLES 12.97 G/T GOLD OVER 0.87 M...
9/24/2015GOLDEN DAWN MINERALS INC. APPOINTS DR MATHEW BALL TO MANAGE ...
9/24/2015Golden Dawn Minerals Inc. Appoints Dr. Mathew Ball to Manage...
9/12/2015Golden Dawn Minerals Inc. Drops Tam O’Shanter Property
9/12/2015Golden Dawn Minerals Inc. Drops Tam O'Shanter Property
9/8/2015Golden Dawn Minerals Inc. Appoints a New German Director
9/2/2015Golden Dawn Minerals Inc. Upgrades Its Current Frankfurt Lis...
8/15/2015Completion of the Financing for $207,600
8/14/2015Golden Dawn Minerals Inc.: Completion of the Financing for $...
7/17/2015Golden Dawn Minerals Inc. Options Tam O'Shanter Property fro...
7/8/2015Golden Dawn Minerals Inc.: Completion of the Financing for $...
6/13/2015Closing of the First Tranche of the Company’s Non-Brokered P...
6/13/2015Golden Dawn Provides Update for Greenwood Exploration and Bu...
4/13/2015Golden Dawn Minerals Inc. Purchases 100% of Amigo Property, ...
4/13/2015Golden Dawn Minerals Inc. Granted Stock Options
4/2/2015Golden Dawn Minerals Inc. Granted Stock Options
3/26/2015Golden Dawn Minerals Inc. Purchases 100% of Amigo Property, ...
3/11/2015Closing of Private Placement
3/6/2015Company Update
2/5/2015Golden Dawn Announces Development Of Greenwood Project, Brit...
1/9/2015Final Tranche Closing of Private Placement
12/30/2014Closing the Private Placement of $ 65,250
10/28/2014Golden Dawn Announces Private Placement to Existing Sharehol...
4/17/2014Golden Dawn Drops Tam O' Shanter Property
4/4/2014Golden Dawn Announces the Resignation of Director
1/7/2014Announces Consolidation
6/12/2013News Release
3/14/2013Purchases the Boundary Falls Property Hosting the May Mac Mi...
1/29/2013Files National Instrument 43-101 Technical Report For Update...
12/11/2012News Release
10/2/2012News Release
10/2/2012s Exploration and Sampling Schedules for Greenwood Project W...
5/30/2012News Release
5/29/2012News Release
5/14/2012News Release
3/22/2012News Release
1/23/2012News Release
10/24/2011News Release
10/24/2011News Release
9/23/2011signs with Lichtfield
5/10/2011Schedules Drilling on Royal Attwood
5/9/2011s from Golden Dawn
5/9/2011SCHEDULES DRILLING OF MULTIPLE PRIORITY TITAN 24 GEOPHYSICAL...
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