Golden Dawn Minerals Inc.

Published : October 01st, 2015

GOLDEN DAWN MINERALS INC. SAMPLES 12.97 G/T GOLD OVER 0.87 METRES AT GREENWOOD PRECIOUS METAL PROJECT

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Keywords :   Barium | Copper | Gold | Lead | Silver | Zinc |

GOLDEN DAWN MINERALS INC. SAMPLES 12.97 G/T GOLD OVER 0.87 METRES AT GREENWOOD PRECIOUS METAL PROJECT

Vancouver, October 1, 2015 - Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSX-V: GOM; FRANKFURT: 3G8N) (the 'Company' or 'Golden Dawn') announces the following results for samples recently collected on the Greenwood Precious Metal Project.

Gold and silver analytical results are presented in the table below for a suite of reconnaissance samples collected from historic mine workings. The results show gold values of economic interest in veins and wall rocks in prospects situated peripheral to the upper May Mac mine area.

Location Description Width (m) Sample Number Gold (ppm) Silver (ppm)
May Mac Mine7 Level Argillite Hangingwall 0.49 A2014151 <0.03></0.03> <1></1>
May Mac Mine7 Level Quartz Vein 0.43 A2014152 0.15 6
May Mac Mine7 Level Argillite Footwall 0.40 A2014153 <0.03></0.03> 1
Lower No 2 Adit Quartz Vein 0.87 A2014154 12.97 34
Lower No 2 Adit Argillite Footwall 0.35 A2014155 2.03 8
Glory Hole Quartz Vein 0.60 A2014156 6.22 10
Glory Hole Footwall Quartz Veined Zone 0.70 A2014157 0.18 2
Amigo No. 1 Vein Quartz Vein 0.85 A2014158 0.27 2

The mineralization on the Company's property may be related to numerous epithermal precious metal deposits and mines in northern Washington State that occur in north-northeast-trending Eocene extensional basins. The Toroda Creek Graben is one of these features and extends into southern BC and through the 100% owned Greenwood Precious Metal Project. The mines, situated only 20-30 km south of the Greenwood Precious Metal Project, were developed mostly from historic mine workings in the last 25 years by Kinross Gold Corp and predecessors. Kinross recently optioned a significant land package contiguous to the company's property in Greenwood B.C.

The Lower No. 2 adit was part of the first three underground mine levels developed on the property around 1900. It is recorded that 32 metric tons of material from these workings was shipped to the smelter in Greenwood in 1903/04, grading 319 grams per tonne gold (9.3 ounce/ton) (Technical Report by Ash, 2011). The samples reported above indicate significant gold grades in the main vein and the adjacent footwall rock (the hangingwall was not accessible for sampling).

The upper May Mac Mine was started in 1904 with development and mining intermittent until 1983. A total of 7 levels were developed and trial mining was conducted. Production from this property totalled 3574 tonnes, yielding 18.5 kilograms of gold, 693 kilograms of silver, 58 tonnes of lead, 36 tonnes of zinc and 864 kilograms of copper (BC Minfile: Skomac). The samples reported above are from the lowest level in an area that was not mined.

The Glory Hole and Amigo No. 1 Vein showings are located 1,000 meters south of the mill processing facility of the May Mac Mine in an area originally covered by claims dating back to 1896. The Glory Hole was developed prior to 1978 and exposes a vein and adjacent quartz veined zone mineralized with pyrite. The samples reported above indicate significant gold and silver content in the main vein. Values for barium (not shown in the table) are also elevated (2975-6165 ppm Ba) suggesting a possible epithermal geochemical signature. The Amigo No. 1 Vein adit was developed in 1975 and 1978 and exposes a well-defined quartz vein containing pyrite and parallel quartz stringers.

The sample results support the Company's plan to proceed with drilling (as soon as an amended surface drill permit is received), with the No 2 level now identified as the primary target. The Company is also planning to conduct underground drilling and further mine development including trial mining.

The samples reported above were collected by Dr. Mathew Ball, P.Geo., during a site visit conducted last month. The samples were delivered to Met-Solve Analytical Services in Langley, B.C. by Dr. Ball. Met-Solve is part of the Sepro group of companies and 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 and ICP-AES finish. Ag and other elements were analyzed by ICP-AES using a four acid digestion. No field QA/QC samples were included due to the reconnaissance nature of the investigation but the laboratory QA/QC results as reported are within acceptable limits.

The technical disclosure in this news release has been reviewed and approved by Dr. Mathew Ball, P.Geo., 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 COMPANY TO 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.noodls.com

Golden Dawn Minerals Inc.

EXPLORATION STAGE
CODE : GOM.V
ISIN : CA3808956070
CUSIP : 380895 10 2
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Golden Dawn is an exploration gold 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$ 5.6 millions as of today (US$ 4.0 millions, € 3.7 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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