Golden Dawn Purchases the Boundary Falls Property Hosting the May Mac Mine, Permitted 100 Ton p/d Mill and Tailings Pond, Greenwood British Columbia, Canada
Published : March 14, 2013
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Keywords :   Canada | Copper | Gold | Market | Report | Silver | Silver Mine | Water |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2013) - Golden Dawn Minerals Inc. (News - Market indicators)(FRANKFURT:3G8N) (the "Company" or "Golden Dawn") reports that the option agreement between Karl Schindler and Don Rippon the owners of the Boundary Falls property has been replaced by a purchase agreement to purchase 300 Hectares of the northern portion of the Boundary Falls claims and leases hosting the permitted May Mac Mine (formerly known as the Roberts Mine) 100 t/p day processing plant and tailings pond including water rights as well as a power line to the Mill. 

View 3d property: http://wp.goldendawnminerals.com/nrimg/prop_view.jpg

The Boundary Falls Property with the above listed mining infrastructure is located 3 km west from the city of Greenwood in South Central B.C. on Highway #3 and is accessible 12 months per year. The property is contiguous to the Company's Wild Rose Property to the north where the Company has delineated 24.5 million tonnes grading 0.53 grams per tonne (g/t) gold (Au) estimated to contain a total of 415,000 troy ounces of gold at a cut-off grade of 0.3 g/t gold in the inferred category on the Deadwood zone including the Wild Rose high grade underground Gold-Copper Mine which is located there (NR Jan. 29, 2013). 

View Deadwood Resource: http://wp.goldendawnminerals.com/nrimg/deadwood.jpg

The purchase price for the Boundary Falls property is 5,000,000 shares of common stock of the Company payable upon approval by the TSX Venture exchange.

Four character samples were taken from the Number 6 Adit of the May-Mac gold/silver mine during an inspection by Wayne Ash P.Eng, a mining engineer, and documented in a National Instrument 43-101 Technical Report titled "Development Plan Report for the May Mac Mine Area Within the Boundary Falls Mineral Property May 25, 2011", have returned high precious and base metal values. These character samples returned values ranging between 10.4 to 84.2 g/t gold and 404 to 2,080 g/t silver from the veins and wall rock materials within the Number 6 Adit as detailed below. See NR May 2, 2011.

View May Mac Mine: http://wp.goldendawnminerals.com/nrimg/may_mac_mine.jpg

SAMPLES 1-4 ASSAY RESULTS

Sample #1:

Character rock grab sample of massive sulfides left in "A-A" Zone, containing coarse-grained galena and massive pyrite; assay 0.93 g/t Au (0.027 opt Au), 844 g/t Ag (24.6 opt Ag), 19.75% Pb, 3.55% Zn, and 30.5% Fe.

Sample #2:

Character rock grab sample of near-massive sulfide from the "A-A" Stope, but finer-grained than Sample #1; assay 84.2 g/t Au (2.45 opt Au), 2,080 g/t Ag (59.5 opt Ag), 24.3% Pb, 9.01% Zn, and 20.4% Fe.

Sample #3:

Character rock grab sample of quartz vein 25 cm width, (which was apparently considered too narrow to warrant mining in 1974), with central band of near-massive pyrite, plus galena and sphalerite; assay 14.3 g/t Au (0.417 opt Au), 404 g/t Ag (11.8 opt Ag), 7.48% Pb, 5.35% Zn, and 15.0% Fe.

Sample #4:

Character rock grab sample taken of a quartz vein which horse-tailed out into the right rib of the drift and having a width of approximately 1.2 meters; assay 10.6 g/t Au (0.31 opt), 421 g/t Ag (12.2 opt), 6.53% Pb, and 3.23% Fe.

In view of high precious metal prices at this time and the existing permitted facilities on site, the time frame for a 10,000 ton bulk sample to be taken from the May Mac Mine can be completed this year, subject to financing. Once a 10,000 bulk sample has been mined and reserves have been established parallel to the bulk tonnage mining and confirmed with a feasibility study, a decision can be made to take the May Mac Mine into production.

This news release has been reviewed by Michael Dufresne P.Geol and qualified person.

On behalf of the Board of Directors:

GOLDEN DAWN MINERALS INC.

Wolf Wiese, President/Chief Executive Officer

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. 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.

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.

Golden Dawn Minerals Inc.
Mike Poulin
Investor Relations
604-221-8936
mike@goldendawnminerals.com
www.goldendawnminerals.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

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$ 12.2 millions as of today (US$ 9.5 millions, € 8.4 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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