Golden Dawn Minerals Inc.

Published : November 23rd, 2015

Golden Dawn Drilling Intersects Mineralized Zone from #6 to #7 Level on Its May-Mac Mine in Greenwood, BC, Canada

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Keywords :   Canada | Diamond | Gold | Iron | Lead | Silver | Zinc |

Golden Dawn Drilling Intersects Mineralized Zone from #6 to #7 Level on Its May-Mac Mine in Greenwood, BC, Canada

VANCOUVER, BC / ACCESSWIRE / November 23, 2015 / Wolf Wiese, CEO of Golden Dawn Minerals Inc., (GOM.V) (3G8A.F) (the "Company" or "Golden Dawn") reports that all six holes drilled to date have encountered projected mineralized targets.

The 1500-2000 metre exploration program continues at the Greenwood Precious Metal Project, located 5 km West of the City of Greenwood in South Central B.C. in the historic Boundary Mining District, 500 km East of Vancouver.

A significantly mineralized intercept was obtained in Hole 6, which was drilled to locate the Main vein below the #6 and #7 Adits where the vein had been lost during previous underground development. Limited access due to rugged topography required drilling at a shallow angle to the vein, i.e. almost parallel to the dip of the vein. The hole penetrated argillite host rock containing 3 to 5% disseminated pyrite for 118.5 meters from casing, then intersected the target zone between 127.5 and 164.9 metres depth (37.4 metres core length). The target zone includes several quartz vein intervals (total length of 10.0 m) mineralized with sulphides including pyrite, sphalerite (Zinc) and galena (Lead), varying from abundant to semi-massive. This style of mineralization typically hosts high silver and gold values at this property. The mineralization in Hole 6 is essentially identical to that mined from the #6 Adit, where recent character sampling returned high precious metal values of 150 to 529 grams per tonne silver and 0.11 to 4.65 grams per tonne gold over true widths ranging from 0.35 to 0.7 metres (see news release dated October 21, 2015).

Hole 6 most significantly demonstrates that silver-gold mineralization similar to that historically mined from the #6 Level of the May-Mac Mine (Skomac/Main vein) extends down approximately 60 meters to and below the #7 level. The mineralized zone remains open at depth and along strike at and below the #7 Level. Due to loss of the vein in Adit #7 while drifting in 1992, work was stopped at that time, about 220 meters horizontally from the portal. " Subject to assay results and completion of its current surface Diamond drill program, the Company looks optimistically to advancing to bulk sampling from selected adits, later in 2016.", stated Wolf Wiese, CEO of Golden Dawn.

Hole #6 is being extended to 300-350 meters depth to determine if the Lower vein in the #2 Adit continues parallel to the Upper vein, which was previously mined in the #4, 5 and 6 Adits. The hole is currently at 200 meters depth.

Hole 4 was drilled east of the #7 Adit to target the Upper vein and one or more parallel veins that outcrop above the #7 Adit. Three quartz veins were intersected between 19.9 and 25.9 metres depth. The first vein was 1.0 metres in length, the second 1.7 metres and the third 0.5 metres, for a total of 3.2 metres of vein over a length of 6.0 metres (all core lengths). The veins are banded with laminae of argillite host rock and contain minor iron sulphide (pyrite) mineralization. The argillite host rock between the quartz veins is also mineralized with small quartz veins and minor pyrite.

Hole 5 located west of the #6 Adit, targeted a parallel vein exposed in historic mine workings approximately 100 metres west of the Main (Skomac) vein in the #6 adit. This Western vein has never been tested in modern times. Hole 5 intersected a 0.2 metre long mineralized zone comprised of a banded quartz vein and quartz stockwork mineralized with iron and base-metal sulphides (pyrite, galena and sphalerite). This suite of minerals is typical of the better mineralized sections of the Main vein in the #6 Adit. Hole 5 demonstrates the Western vein is mineralized and continuous along strike. Additional drilling is planned for this new target.

As previously reported, the first 3 holes targeted the Lower vein in the vicinity of the historic May-Mac Mine #2 Adit. All three intersected between 1.3 and 5.4 metres of quartz vein and/or stock-work mineralized with lead and zinc sulphides locally in the veins, and iron sulphides in both veins and host rock.

The surface Diamond drill program is continuing toward a total of between 1500-2000 meters, primarily on the May-Mac Mine, but also on targets delineated both historically and by recent sampling on the Amigo Adits #1, 2, and 3, located 1000 meters to the south of the Mill and the #7 Portal.

The reader is cautioned that the mineralized intervals reported in Hole 6 are much greater than the true width of the zone, due to the low angle of intersection. Also, this news release discusses visually observed mineralization only. Precious metal contents will be determined by assaying the drill core. Assay results are pending. Samples from Holes 1, 2, & 3 have been submitted for analysis and sampling is underway on Holes 4, 5, & 6.

Analyses are being performed by Met-Solve Analytical Services in Langley, B.C. Met-Solve is an independent commercial laboratory that is ISO 9001 certified and operates according to ISO 17025 standards. Analyses for gold were by Fire assay method using 50 gram samples using an ICP-AES finish. Silver and other elements were analyzed by ICP-AES using a four acid digestion. Results that were above the detection limit were re-analyzed for ore grade concentrations by ICP-AES (silver) and Sodium Peroxide Fusion - ICP AES (lead). Quality control is monitored using certified reference and blank material inserted into the sample sequence at regular intervals.

The technical disclosure in this news release has been reviewed and approved by Dr. Mathew Ball, P.Geo., a Qualified Person as defined by National Instrument 43-101.

For more details, please see the 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 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.

SOURCE: Golden Dawn Minerals Inc.

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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$ 14.3 millions as of today (US$ 11.3 millions, € 10.0 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 & ...
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4/25/2016Golden Dawn Completes Second Of Three Phases Of Huakan Green...
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4/13/2016Golden Dawn Signs Option Agreement With Huakan And Solicits ...
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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
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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
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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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