Vancouver, September 24, 2015 - Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSX-V: GOM; FRANKFURT: 3G8N) (the "Company" or "Golden Dawn") announces that it has engaged Dr. Mathew Ball, P.Geo., to manage its exploration and development programs for the Greenwood Precious Metal Project.
Dr. Ball is a geologist with over 30 years of worldwide experience including underground precious metals mine development programs. For the past 5 years he was President and COO at the Bralorne gold mine in B.C. Dr. Ball brings a wealth of practical experience and knowledge of lode and epithermal gold-silver, porphyry copper-gold and related skarn deposits, all of which occur in the Greenwood area. The addition of Dr. Ball, with his extensive experience in precious metal narrow vein development, will contribute to the company's success of further definition of the epithermal and or hydrothermal deposits underlying the historically mined mineralized material on the May Mac mine complex.
Golden Dawn's Greenwood Precious Metal Project includes surface and underground mine exploration programs with the aim of outlining a precious metal resource for trial mining and bulk sampling. The Company aims to continue this work towards achieving a sustainable mining operation utilizing its existing mill facility (currently 100 ton/day capacity with upgrade potential to 200ton/day) at the May Mac mine on the Boundary Falls property.
Dr. Ball recently conducted a site visit to the property and laid out a work program starting with surface drilling to test the known gold and silver bearing veins. Targets include the May Mac mine's 10 levels, and the Amigo and No. 1 veins situated 1,000 meters south of the mill processing facility of the May Mac Mine. The immediate work program is focussed on confirming the continuity of veins in the May Mac mine ahead and to depth, by surface and underground drilling.
May Mac is a silver-gold vein deposit with historic production from multiple, structurally-controlled quartz veins. The mine has excellent potential for extensions of known zones along strike and to depth. The nearby Amigo and No. 1 vein adits are historic underground mine workings that have been dormant for over 40 years. In addition, there are geophysical and geochemical anomalies on the property that may be related to the May Mac vein system. These deposits may also be part of a group of epithermal precious metal deposits developed in recent years in the Republic District in Washington State, only 20-30 km south of the Greenwood Precious Metal Project.
Exploration work will start as soon as the existing surface drilling permit is amended for this year's program. The existing multi-year permit is valid until the end of 2016 and is being amended to allow for additional holes to be drilled. A permit for underground exploration is already in place. The Company also holds a mine permit for the May Mac mine, mill and tailings pond, as well as for water supply. Mobilization of equipment to begin the programs will be initiated upon receiving the surface drilling permit amendment.
The technical content of this press release was reviewed and verified by Dr. Mathew Ball, P.Geo., a Qualified Person as defined by National Instrument 43-101.
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 COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS. WE SEEK SAFE HARBOR.