Golden Dawn Minerals Inc. Intersects 55.7 M Grading 0.39G/T Gold, 0.04% Copper Within Broad Gold-Copper Zone, Greenwood Mining District, BC, Canada
By Golden Dawn Minerals Inc., PRNESunday, January 23, 2011
VANCOUVER, January 24, 2011 - GOLDEN DAWN MINERALS INC.(TSXV- GOM, FRANKFURT 3G8) is pleased to
announce continued excellent results from three additional diamond drill
holes in the ongoing drill program on the Wild Rose-Tam O'Shanter properties
in the Greenwood Mining District. Previously announced holes 10WR01 to 10WR03
were drilled at the Wild Rose property targeting the Wild Rose and Wild Cat
vein zones and were reported upon in a Golden Dawn News Release dated January
12, 2011. As reported here, holes 10WR04 and 10WR05 are step out drillholes
that have targeted the northwest strike extent of the Wild Rose and Wild Cat
vein zones as well as the wide, low-grade, bulk tonnage gold-copper zone
known as the Deadwood Zone along strike to the northwest. Drillhole 10WR06
was drilled approximately 400 m northwest of the hole 10WR05 and the Wild
Rose/Wild Cat vein zones and targeted the Deadwood Zone.
Holes 10WR04 and 10WR05 intersected narrow semi-massive sulphide and
quartz vein zones that are likely the extension of the Wild Rose veins system
and yielded grades of up to 5.38 grams per tonne (g/t) gold (Au) across 1.1 m
core length (in hole 10WR04) and 1.85 g/t Au across 1.87 m core length (in
hole 10WR05). Both holes were drilled northwest of any known mineralization
associated with the Wild Rose and Wild Cat vein systems extending the Wild
Rose vein system at least 40 m to the northwest. In addition to the higher
grade vein zones intersected in these two holes, both holes intersected wide
low grade mineralization with up to 0.32 g/t Au across 31.29 m core length
(in hole 10WR04) that is likely part of the bulk tonnage target Deadwood Zone
which is approximately 400 m along strike to the northwest. Summary results
from holes 10WR04 and 10WR05 are tabulated below.
Hole 10WR06 has extended the known gold-copper mineralization associated
with the Deadwood Zone reported from historical drilling in the area, and has
confirmed the widespread nature of the mineralization as well as extending
the higher grade zone reported in historical hole 92-27 drilled in 1992. The
intersection in 10WR06 lies within a target zone, the Deadwood Zone, of some
200 meters in width and exceeding 2000 meters in length. Mineralization in
the latest hole 10WR06, is predominantly hosted in an altered and brecciated
diorite along with hornfelsed sediments and extends from the surface to a
total depth of the hole at 182.88 m core length. Altered diorite with
sulphide mineralization yields up to 0.19 g/t Au and 0.02% copper (Cu) across
162.33 m core length in what appears to be porphyry style Au-Cu
mineralization. The main Deadwood Zone yields up to 0.39 g/t Au and 0.04% Cu
across 55.7 m core length. The summary results for 10WR06 are also tabulated
below. The summary results for the historical drillhole 92-27 are included
for comparison.
Hole 10WR-06 was drilled approximately 40 m along strike to the northwest
of historical hole 92-27, and confirms the presence and continuity of the
bulk tonnage Au-Cu Deadwood Zone. The expanded drilling program, due to
commence late January, is expected to continue testing this substantial zone.
TABLE 1- Summary assay results for drill holes 10WR01 to 10WR06 plus
historic hole 92-27.
Drill Hole Zone From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu %
10WR04 Deadwood1 7.5 37.5 30.0 0.11 - 0.01
Deadwood2 58.83 90.12 31.29 0.32 0.01
Wild Rose 77.9 83.0 5.1 1.61 3.11 0.09
Includes 77.9 79.0 1.1 5.38 5.94 0.22
10WR05 Deadwood1 17.07 40.25 23.18 0.13 - 0.02
Deadwood2 64.18 98.0 33.82 0.15 - 0.03
Wild Rose 93.0 98.0 5.0 0.79 2.15 0.08
Includes 94.83 96.7 1.87 1.85 4.43 0.16
10WR06 Porphyry 7.32 169.65 162.33 0.19 - 0.02
Deadwood 88.5 144.2 55.7 0.39 - 0.04
Includes 99.0 144.2 45.2 0.43 - 0.04
Includes 99.0 102.0 3.0 1.60 72.9 0.03
Includes 141.6 144.2 1.90 3.01 3.10 0.16
Includes 142.36 142.75 0.39 11.86 3.60 0.07
10WR01* Deadwood 21.5 52.15 30.65 0.19 - 0.06
Wild Cat 28.95 31.5 2.55 1.47 2.5 0.62
10WR02* Deadwood1 4.27 26.0 21.73 0.17 - 0.01
Unknown 9.75 10.5 0.75 2.88 - 0.01
Deadwood2 43.0 61.0 18.0 0.98 - 0.03
Wild Cat 43.0 48.0 5.00 3.43 - 0.1
Includes 44.4 46.1 1.7 9.57 - 0.21
Includes 45.0 45.5 0.5 22.06 7.8 0.58
10WR03* Deadwood2 20.75 39.5 18.75 0.08 - 0.01
Wild Rose 35.66 38.4 2.74 0.21 - 0.04-
92-27** Deadwood 86.48 163.98 77.5 0.74 - 0.04
Includes 100.82 163.98 63.16 0.85 - 0.05
Includes 100.82 136.45 35.63 1.25 - 0.07
Includes 115.3 115.45 0.15 134.2 - -
*Previously reported January 12, 2011
**Historic diamond drillhole completed in 1992 by Minnova Inc.
It is most encouraging that drilling to date on the program has
encountered significant gold-copper mineralization of widespread low- grade
nature along with higher grade vein material within the lower grade halos.
The reader is referred to the Company's website for a PowerPoint and video
presentation illustrating the historical drilling and the target zone for
current drilling activity.
Phase 1 of the 16-hole program is expected to continue with the drilling
of an additional 10 holes within next few days.
The reader is cautioned that historical drilling results are being
confirmed by current drilling, and such historical results cannot be relied
upon until reconfirmed. 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 consultants Dr. Stewart A Jackson, P. Geol. and Mike Dufresne,
M.Sc., P.Geol., Qualified Persons. The program is being supervised by Mike
Dufresne of APEX Geosciences Ltd.
ON BEHALF OF THE BOARD OF DIRECTORS OF GOLDEN DAWN MINERALS INC.
Wolf Wiese
President/CEO
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.
For further information:
GOLDEN DAWN MINERALS INC.
575, 1111 WEST HASTINGS STREET,
VANCOUVER, BC, V6E 2J3
Telephone: +1-604-221-8936
Facsimile: +1-604-685-2360
For further information: GOLDEN DAWN MINERALS INC., 575, 1111 WEST HASTINGS STREET, VANCOUVER, BC, V6E 2J3, Telephone: +1-604-221-8936, Facsimile: +1-604-685-2360
