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Golden Dawn Minerals Inc.
Summary
| Project: | Greenwood | |
|---|---|---|
| Deposit: | Greenwood | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 12/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-12-2016: Golden Dawn Minerals Inc. announces an Exploration/Drilling Update report for its Greenwood deposit at the Greenwood project. Drilling results incl. 6.07m @ 0.57g/t Au, 79.6g/t Ag, 1.9% Pb, 1.4% Zn from 177.47m. Vancouver, December 12, 2016 – | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mathew Ball (Internal) | |
| ABSTRACT: | Vancouver, December 12, 2016 – Golden Dawn Minerals Inc., (TSX-V: GOM; FRANKFURT: 3G8A) (the “Company” or “Golden Dawn”) reports the first round of analytical results from the Amigo, Glory Hole, May Mac and Sylvester K mines, part of the Greenwood Precious Metal Project, comprising a mostly contiguous land package of 16,000 ha., near the City of Greenwood in the historic Greenwood Mining District, of South-Central B.C., 500 km east of Vancouver on BC Hwy. #3. The surface diamond drilling on the May-Mac Skomac vein system commenced in late November after drilling finished on the Amigo and Glory Hole mines, which lie 1000 meters south of the May Mac mine. Three drill holes (550 metres) were completed northeast of the historic mine workings on the Skomac vein system. View image at: http://www.goldendawnminerals.com/wpcontent/uploads/2016/12/MM-SECT-1-AU.jpg These holes were drilled at different angles from the same collar location to test the upper Skomac vein. Hole BF16-26 intersected a quartz vein containing a well mineralized section of coarse-grained massive sulphides including pyrite, galena, sphalerite and chalcopyrite. The vein was intersected between 177.47 and 183.54 metres (6.07 metres core length). This intercept is located 13 metres below the elevation of the # 7 adit, and 100 meters northeast of the end of that level. The significance of this is (A) the mineralization that was historically mined from levels 4, 5 and 6 continues vertically down another 75 meters to below the elevation of the #7 adit, and is open to depth (hole BF15-06 also encountered mineralization at depth 118 meters below # 7 Level on a new zone, now named “Rose Vein”, see news release dated Dec. 16, 2015. (B) the mineralization continues along strike to the northeast of the historic mine and is open in that direction. The intercept in Hole 26 provides a target for extending 7 level 100 meters northeast. Further surface drill testing will continue to determine the extent of the north-easterly trend of the Skomac Vein system in early 2017. | |
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