Golden Dawn Minerals Inc.

Published : October 02nd, 2012

News Release

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Announcing...

Golden Dawn Update

 

 

                           GOLDEN DAWN MINERALS INC.

 

                                                                                TSX-V:    GOM

                                                        FRANKFURT EXCHANGE:  3G8N

 

 

                                     NEWS RELEASE

 

 

GOLDEN DAWN MINERALS UPDATES EXPLORATION AND SAMPLING SCHEDULES FOR GREENWOOD PROJECT WITH UNDERGROUND BULK SAMPLING ANTICIPATED AT THE MAY MAC AND WILDROSE MINES 2012-2013

 

 

Vancouver, October 2, 2012 � Golden Dawn Minerals Inc. (TSX-V: GOM; FRANKFURT: 3G8N) (the �Company� or �Golden Dawn�) is pleased to provide an outline of activity anticipated in the next 18 months on the Greenwood Project, in the Boundary Mining District, near Greenwood, British Columbia, Canada.  The program will evaluate the potential for early gold and silver production and will focus initially on the historic May Mac Mine and Wild Rose Mine located within the Greenwood Precious Metal Project lands.  Preliminary work scheduled for the two historic underground mines will consist of rehabilitation of the adits, detailed underground mapping and sampling along with a program of underground drilling. Based upon the results of this initial underground exploration program, a program of bulk sampling of 10,000 tonnes of material from each mine will follow. 

 

Concurrent with the exploration and development work on the two mines, a continued drilling program on the Deadwood Gold Zone will work toward increasing the current inferred resource of 279,300 oz. of gold (See Company News Release dated July 13th, 2011). Last fall, eight additional Diamond drill holes were completed at the Deadwood Gold Zone with all of the holes intersecting mineralized zones containing gold, silver and copper (See Company News Releases dated November 17th and 21st, 2011). A new resource calculation is being prepared and the 19.4 million tonnes grading 0.45 grams per tonne (g/t) gold with a cutoff grade of 0.3 g/t is expected to increase substantially.

 

At the historic May Mac Mine, which has had prior high grade production of silver, gold and base metals, in part direct shipped and in part milled through the existing and permitted 130 ton per day (t/pd) mill and tailings facility on the property, a program of approximately $600,000 is planned with underground rehabilitation, underground mapping and sampling and underground drilling.  This program is designed to define the potential of the historic May Mac Mine to become a near term high-grade gold and silver producer.  A 10,000 tonne bulk sample is planned to follow the exploration and rehabilitation program.

 

At the historic Wild Rose Mine area, located 2 km north of the May Mac Mine, on the contiguous Wild Rose-Tam O�Shanter property, a $200,000 program of exploration will be directed toward rehabilitation of the Wild Rose adit, along with underground sampling and drilling.  The Wild Rose vein system has been intersected by a number of Diamond drill holes 1000 meters to the North, North-West and North-East of the Portal of the Wild Rose adit. Wild Rose type veins have been identified in the Deadwood low grade bulk tonnage zone.  Following this initial phase of exploration, a 10,000 tonne bulk sample is targeted to assess the potential mineable grade of the multiple quartz-sulphide veins located in the Wild Rose Mine.

 

Following the above programs a decision will be made regarding rehabilitation of the 130 t/pd May Mac mill and tailings pond facility to enable continuing production from both mines and treatment of the production on site. 

 

The Company anticipates retaining a Peruvian mining contractor to conduct the rehabilitation and exploration work, and to continue production following rehabilitation of the milling facility. 

 

At the Deadwood Gold Zone a budgeted program of 4000 meters costing approximately $1,000,000, will be directed toward expanding the currently established inferred resource of 19.4 million tonnes containing 279,300 ounces of gold.

 

The above work program is subject to a financing in the very near future.

 

Concentration of the Company�s efforts on the two mines discussed above has resulted in a decision to abandon the Royal Attwood Property.  In view of market conditions all efforts will be directed toward early production as a prime objective.

 

Mr. Michael Dufresne, P.Geol., a Qualified Person as defined by National Instrument 43-101, has reviewed the contents of this release.

 

On behalf of the Board of Directors:

 

GOLDEN DAWN MINERALS INC.

 

­­­­­­­­­�Wolf Wiese�

­­­­Wolf Wiese

President/ Chief Executive Officer

 

For further information, please contact:

Mike Poulin                                                    

Investor Relations

604-221-8936                                  

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.

 

 

 

 

Golden Dawn Minerals Inc.

575-111 W. Hastings St. Vancouver, BC  V6E 2J3

Ph: 604.221.8936

Fax: 604.685.2360

www.goldendawnminerals.com



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golden dawn minerals inc. | 575-1111 West Hastings Street | Vancouver, BC V6E2J3, Canada

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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$ 9.2 millions as of today (US$ 7.3 millions, € 6.4 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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