Golden Dawn discovers 10 g/t gold over 15 m at surface and delivers top results from the underground

ZURICH, SWITZERLAND / ACCESSWIRE / December 13, 2016 / Today, Golden Dawn Minerals Inc. (TSX.V: GOM) has started to announce assay results from sampling and drilling programs at 5 different locations on its 16,000 hectares Greenwood Project in the historic Greenwood Mining District of British Columbia, Canada.

In late October, the company executed a letter of intent to acquire the substantial land package (14,000 hectares) from Kettle River Resources (“KRR”), which included several historic mines. As part of the ongoing due diligence on this acquition, Golden Dawn recently took channel samples at the historic Sylvester K Mine, located just 3 km north of the company’s 200-400 t/d Greenwood processing facility. 6 of the 7 surface channel samples were collected in a continous line across the width of a massive sulphide zone, discovering an average of 9.92 g/t gold
over a true width of 15.2 m. That’s unmined high-grade gold over significant widths right at surface, i.e. potentially a relatively easy to mine feedstock for processing 3 km down the road at its own Greenwood Mill.

Underground drilling at the end of the #7 Adit of the historic May Mac Mine started with a fortunate surprise when, after less than 5 m of drilling, the highly mineralized Skomac Vein System was intersected with 3 g/t gold, 156 g/t silver, 2.9% lead, 1.1% zinc and 0.33% copper. In the following 1.2 m long interval, gold grades increased to 7.95 g/t. If the historic miners had continued drifting into Level #7 just a few more meters, they might have been rewarded generously. This now marks a significant discovery for Golden Dawn as bulk sampling could start relatively fast.

Surface drilling at May Mac intersected high-grade zinc (4.9%) and lead (7.2%) mineralization with significant gold and silver credits. Surface drilling at the Amigo Tunnel #1 intersected 6 g/t gold over 0.75 m.

The full report can be accessed with the following links:

English (PDF):

http://rockstone-research.com/images/PDF/GoldenDawn10en.pdf

English (web version):

http://rockstone-research.com/index.php/en/research-reports/2212-Golden-Dawn-discovers-10-gt-gold-over-15-m-at-surface-and-delivers-top-results-from-the-underground

German (PDF):

http://rockstone-research.com/images/PDF/GoldenDawn10de.pdf

Disclaimer:
Please read the full disclaimer within the full research report as a PDF as
fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research

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