GOLDEN DAWN MINERALS INC.
Golden Dawn
Schedules Drilling of Multiple Priority Titan 24 Geophysical Anomalies,
Royal Attwood Property, Greenwood B.C., Canada
GOLDEN DAWN MINERALS INC. (TSX-V: GOM, FRANKFURT: 3G8) and Hi Ho Silver
Resources Inc. are pleased to announce receipt of the Royal Attwood Titan
24 DC - IP - MT Geophysical Survey Report from Quantec
Geoscience Ltd. (Quantec).
A total of 30 priority anomalies warrant exploration including drill
testing. APEX Geoscience Ltd. has selected a
number of these targets for drill testing, and has commenced the required
permitting procedures.
Golden Dawn Minerals Inc. and Hi Ho Silver Resources Inc. are joint optionees to the Royal Attwood property on a 50:50
basis, where Hi Ho Silver Resources Inc. is required to contribute 57.5%
of the exploration expenditures. Golden Dawn is the operator of the
Attwood Project.
THE GEOPHYSICAL SURVEY:
Quantec has prioritized 30 anomalies: 2 high,
15 moderate-high, 9 moderate and 4 low-moderate priority anomalies. The
resolution of these anomalies as potential targets is based on the
precision of the DC, IP, and MT inversion results. For initial drilling,
APEX Geoscience Ltd. has identified eight of
the Titan 24 anomalies that are roughly coincident with either
prospective surface gold-copper soil geochemical anomalies or favourable geology such as historic skarn or epithermal mineralization identified at
surface. Permitting for drill testing of these eight target areas is in
progress. The land use permitting process may require up to 2 months.
Drill testing is expected to be conducted during this summer season.
These anomalies were obtained from the Titan-24 survey that was completed
over a portion of the Royal Attwood Project, on behalf of GOM and Hi Ho
Silver Resources Inc. Data were acquired over 6 DC-IP-MT arrays along 6
lines with a 100 m station interval and line spacing of 200 m. A total of
14.4 line-kilometres were surveyed.
The Titan 24 survey, which measures the parameters of DC (resistivity),
IP (chargeability) and MT (magnetotelluric
resistivity), is described by Quantec as the
�leading deep search ground geophysical method worldwide�. In both
grassroots and brownfields mineral exploration
the system images: conductive sulphide
mineralization of both conductive and disseminated types, alteration,
structure, and geology to 700 m and beyond, for reliable and
cost-effective targeting of drill holes to depth.
ROYAL ATTWOOD BACKGROUND
The Royal Attwood property, covering 1,800 hectares and comprising of
four mineral claims, is located in the Greenwood Mining District of
southern British Columbia (BC) Canada, 8 km west of the community of
Grand Forks, BC. The property lies close to the electric power line, and
is situated in terrain readily accessible year round by road. The
Greenwood Mining District has a history of gold, silver, and copper
production dating from the 1880's, including the former prolific Phoenix
Mine, located 5 km to the north, which yielded 27 million tonnes of ore grading 1.3 g/t gold with 0.8% copper.
The Attwood project is approximately 10 km southeast of Golden Dawn�s
other Greenwood project currently subject to a full scale exploration
program and which holds the May Mac Mine and processing facilities.
The property is an early exploration stage property with a number of
highly prospective gold and copper geochemical anomalies detected in
historic soil and stream sediment sampling. Some of the geochemical
anomalies are coincident with various geophysical anomalies, including:
magnetic, IP, EM, and the recently identified airborne Time Domain EM
(TDEM) anomalies.
Historical exploration on the property dates back to the very early
1900s. Sporadic exploration continued from the late 1960s through to
1997, but only the most recent of this work was directed at gold
mineralization. Analysis of 3,600 soil samples collected during 1997
yielded a total of 176 samples that assayed greater than 100 parts per
billion (ppb) gold. Of these, 84 samples yielded greater than 200 ppb
gold (>0.2 grams per tonne [g/t]); and a
high value of 1,160 ppb (1.16 g/t) gold was reported. These anomalous
historic samples occur over a broad area of 1 km by 1.5 km in extent
within the northern third of the property.
Neither the geochemical nor the geophysical anomalies on the property
have ever been effectively drill tested.
Exploration during 2003-2004 in the northern third of the property
identified anomalous gold and copper in soil and rock samples associated
with skarn mineralization spatially associated
with a felsic intrusive. Exploration at that
time also uncovered a zone of epithermal quartz veins and hydrothermal
breccias. This style of mineralization regionally is an important source
of gold mineralization, particularly in the Republic District of
Washington State to the immediate south of the property. Both types of
targets on the property require drill testing.
The reader is cautioned that historical data is not confirmed, and such
historical data has not been verified. There are no known mineral
resources on the property, and there can be no assurance that any
mineral resources will be discovered on the property and, if
discovered, there is no assurance that any mineralization may be
economically extracted.
The information in this release has been reviewed on behalf of the
Company by Mr. Michael Dufresne, M.Sc., P.Geol., a Qualified Person as defined by NI
43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
GOLDEN DAWN
MINERALS INC.
�Wolf Wiese�
_____________________________
Wolf Wiese
President/CEO
For further information:
GOLDEN DAWN MINERALS INC.
575, 1111 WEST HASTINGS STREET,
VANCOUVER, BC, V6E 2J3
Telephone: (604) 221-8936
Facsimile: (604) 685-2360
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.
About Golden Dawn
Minerals
Golden Dawn Minerals Inc. is a junior
exploration company with a well positioned portfolio of properties prospective
for precious and base metals in British Columbia, Canada. If you would
like to learn more about us, please visit www.goldendawnminerals.com. You can also visit us on
Twitter: www.twitter.com/goldendawninc
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