Golden Dawn Minerals Inc.

Published : March 22nd, 2012

News Release

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GOLDEN DAWN MINERALS INC.
 
TSX-V: GOM  
FRANKFURT EXCHANGE:     3G8
 
NEWS RELEASE
 
GOLDEN DAWN AMENDS FAVOURABLY OPTION AGREEMENTS ON GREENWOOD PROPERTIES, BRITISH COLUMBIA, CANADA
 
Vancouver, March 22nd, 2012 � Golden Dawn Minerals Inc. (TSX-V: GOM; FRANKFURT: 3G8)(the �Company� or �Golden Dawn�) is pleased to announce that it has extended the time to fulfill its exploration expenditure commitments under the option agreements with respect to the Boundary Falls, Wild Rose and Royal Attwood properties located in the Greenwood Mining District, British Columbia.
 
Wolf Wiese, President and CEO of Golden Dawn, stated: �these revisions will allow greater flexibility in  carrying out the continued exploration and drilling programs that have returned encouraging results to date on all of the properties.  Golden Dawn anticipates a resumption of its drilling activity now that permits are in hand.�
The 1000 ha Boundary Falls property is located 3 km west of Greenwood and contains the historic permitted May Mac Mine and the associated 130 t/d gravity and floatation mill and tailings pond. The property was optioned by Golden Dawn on February 23rd, 2010 with property expenditure commitments were $1,500,000 over 3 years, i.e. $250,000 due to be incurred by February 23rd2011; $500,000 (aggregate - $750,000) by February 23rd, 2012; and $750,000 (aggregate - $1,500,000) by February 23rd, 2013.  The Company has incurred to date approximately $570,000 on Boundary Falls.  These commitments have now been revised to $250,000 (aggregate - $820,000) by December 2012, $250,000 (aggregate - $1,070,000) by June 30th, 2013 and $430,000 (aggregate -$1,500,000) by December 31st, 2014.
To the north of the Boundary Falls, the contiguous 750 ha Wild Rose property contains both the Wild Rose and Wild Cat multiple vein systems and the recently drilled gold Inferred Resource of 19.4 million tonnes grading 0.43 grams per ton (g/t) gold with a cut-off grade of 0.3 g/t  (see news release of July 13th, 2011).  The property was optioned on September 15th, 2010, with property obligations and work commitments of $2M to be incurred in stages by December 2014.  Recognizing that approximately $1,750,000 has been expended on exploration since November 2010 on that property, the Optionors have agreed to defer the remaining $250,000 in exploration expenditures to December 31, 2014.
The 1800 ha Royal Attwood property  is located about 15 km southeast of  Greenwood and about 5 km south of the historic Phoenix Mine, which produced 1,000,000 ounces (oz) of gold, 6 million oz of silver and 600,000,000 pounds of copper from 30,000,000 tonnes grading 1.2 g/t gold and 1% copper.  The original agreement to earn in a 100% interest by Golden Dawn required exploration expenditures as follows: $250,000 by February 23rd, 2011, $500,000 (aggregate - $750,000) by February 23rd, 2012 and $750,000 (aggregate - $1,500,000) by February 23rd, 2013.  To date, Golden Dawn, jointly with Hi Ho Silver Resources Inc. (pursuant to an option agreement amended on June 30th, 2011 - see news release on May 9th, 2011) has incurred $580,000 in exploration expenditures on the property. The Option agreement has been amended to an earn-in option of 90% and the exploration expenditure commitment has been revised to $250,000 (aggregate - $830,000) by December 31st, 2012; $250,000 (aggregate - $1,080,000) by June 30th, 2013; and $420,000 (aggregate - $1,500,000) by December 31st, 2014.
Golden Dawn looks forward to a rewarding exploration season for 2012.  We anticipate an evaluation of the May Mac Mine, on the Boundary Falls property, for bulk sampling and metallurgical testing.  Continued planning and permitting is in progress for drilling in order to evaluate potential extension of the Deadwood Inferred Resource located, on the Wild Rose property, westward onto the Tam O�Shanter portion of the Greenwood project. 
Golden Dawn, jointly with Hi Ho Silver Resources Inc., plans to initiate a Diamond drilling program of at least 2,500 meters on the Royal Attwood Project in 2012.
 
The information in this document has been reviewed and verified by Mike Dufresne, M.Sc., P.Geol. of APEX Geoscience Ltd., a Qualified Person. The programs will be supervised by Mr. Dufresne.
 
 On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.
­­­­­­­­­�Wolf Wiese�______
­­­­Wolf Wiese
President/ ChiefExecutive Officer
 
 
For further information, please contact:
Mike Poulin                                                    
Investor Relations
604-630-6793                                     
mike@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 COMPANYTO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS. WE SEEK SAFE HARBOR.




 
 

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Golden Dawn Minerals
575 1111 West Hastings Street
Vancouver, BC V6E 2J3

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Copyright (C) 2012 Golden Dawn Minerals All rights reserved.
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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$ 15.3 millions as of today (US$ 12.2 millions, € 10.7 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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TSX-V (GOM.V)FRANKFURT (3G8.F)
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