Golden Dawn Minerals Inc.

Published : September 23rd, 2011

signs with Lichtfield

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Keywords :   Canada | Copper | Diamond | Gold | Lead | Peru | Sac | Silver | Silver Mine | Zinc |
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GOLDEN DAWN MINERALS INC.
 
                                                                                             TSX-V:     GOM
                                                                                              FRANKFURT EXCHANGE:        3G8
 
NEWS  RELEASE
 
GOLDEN DAWN SIGNS LETTER OF INTENT WITH THE LICHTFIELD GROUP, ONE OF PERU�S LARGEST UNDERGROUND MINING CONTRACTORS TO FUND AND DEVELOP ITS MAY MAC MINE ON THE GREENWOOD PROJECT, BRITISH COLUMBIA, CANADA
 
 
Vancouver, September 26th, 2011 � Golden Dawn Minerals Inc. (TSX-V: GOM; FRANKFURT: 3G8), (the �Company� or �Golden Dawn�)is pleased to announce thatit has signed a  Letter of Intent with Lichtfield del Peru S.A.C. of Lima, Peru, whereby Lichtfield may earn a 50% interest in its Boundary Falls property, three kilometers from the town of Greenwood, BC, by funding the exploration and development of the historical May Mac gold-silver mine, including the processing of a 10,000 tonne bulk sample. Lichtfield�s contribution will be up to $1.8 million, of which $1.4 million will be directed toward refurbishing the historical adit access, underground exploration, surface exploration, permitting and drifting to new mineralized zones.
 
It is anticipated that this work will commence immediately upon receipt of the necessary permits for the upgrading of existing adits to current standards and bulk sampling.  The mine is currently permitted with an adjoining 100 tonnes per day mill and permitted tailings pond.
 
Mike Dufresne, P.Geol of Apex Geoscience Ltd. (APEX) will supervise all surface exploration and the Lichtfield Group will supervise and carry out all underground operations, supply all equipment and skilled labour and deploy their expertise in mining high grade narrow vein underground mines.
 
The Lichtfield Group has been and is one of the largest underground mining contractors in Peru.  The incoming partner, Lichtfield del Peru S.A.C. has operations in several mines including Pan American Silver, Vinchos Mining Company (operator of Volcan Mining subsidiary), Los Quenuales Mining Company, Minsur, Barrick (Laguna Norte Operation) and Atacocha Grupo Votorantim.  �The association with Lichtfield in the Canadian mining arena is an important milestone for our Company, and we are really looking forward to a continued beneficial relationship between our companies as exploration proceeds on our properties in the greater Greenwood Mining District.�, says Wolf Wiese, the Chief Executive Officer.
 
The May Mac mine was intermittently developed and mined between 1900 and 1983 on two veins (referred to as the Lower and Upper Skomac veins), accessed by seven adits (horizontal tunnels).   Production records and unconfirmed information suggest that during that period,  some 3,600 metric tonnes (4,000 tons) of mineral were mined, containing some 350 troy ounces (oz) of gold and 100,000 oz of silver.  Note that these data are unconfirmed and have not been verified.
   
The May Mac property is very well mineralized.  The veins encountered to date occur within a favorable meta-sediment belt over one kilometer long and up to 200 metres in width.  Although the majority of the property is covered by a mantle of overburden, at least ten other parallel vein outcrops have been encountered (in addition to the two veins developed).   Furthermore, short-hole underground Diamond drilling has intersected an additional five parallel veins in close proximity to the Upper Skomac vein.  Still other mineralized occurrences include glory-holes (small pits) on brecciated zones.  Finally, strong geochemical and geophysical anomalies have been encountered in still other overburden-covered areas.
 
 In summary, substantial potential for production is suggested from the tenor of both vein material left by previous operators, and mineral disseminations in the adjacent wall-rocks, considered uneconomic during previous development and mining campaigns.  It should be noted that the companies that conducted mining at the May Mac mine and surface exploration on the Boundary Falls property were underfunded, and unavailability of modern geological techniques resulted in poor data compilations.  
    
The Company recently completed surface geochemical sampling, conducted under the supervision of APEX, that returned several areas anomalous for copper, gold, silver, zinc and lead which require follow-up and drilling.  A land use permit application for surface drilling has been submitted and is in progress.
 
Currently the Company is Diamond drilling on the Wild Rose-Tam O�Shanter property, contiguous to the North of the Boundary Falls property, where a resource of 286,000 oz of gold in the inferred category (See GOM News Release dated July 13, 2011) has been delineated by the Company.
 
There are no known mineral resources on the Boundary Falls property. Historical references are related here for background information only. There is no assurance that any mineral resource will be located on the property, or if located that such mineral resource might be profitably mined.
 
The contents of this press release have been reviewed and verified by W. Ash, P.Eng., and Mike Dufresne, P.Geol., Qualified Persons, as defined by National Instrument 43-101.
 
On behalf of the Board of Directors:
 
GOLDEN DAWN MINERALS INC.
 
­­­­­­­­­�Wolf Wiese�
­­­­_______________________________
Wolf Wiese
Chief Executive 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 COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS. WE SEEK SAFE HARBOR. 
 

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Our mailing address is:
Golden Dawn Minerals
575 1111 West Hastings Street
Vancouver, BC V6E 2J3

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Copyright (C) 2011 Golden Dawn Minerals All rights reserved.
Data and Statistics for these countries : Canada | Peru | All
Gold and Silver Prices for these countries : Canada | Peru | 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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TSX-V (GOM.V)FRANKFURT (3G8.F)
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