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Golden Dawn Minerals Inc.
Summary
| Project: | Greenwood Area Property | |
|---|---|---|
| Deposit: | Greenwood Area Property | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-1-2017: Golden Dawn Minerals Inc. announces a Supporting Acquisition report for its Greenwood Area Property deposit at the Greenwood Area Property project. Summary of property in support of acquisition. Golden Dawn Minerals Inc. (Golden Dawn) retained | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mathew Ball (Internal) | |
| ABSTRACT: | Golden Dawn Minerals Inc. (Golden Dawn) retained the author to produce a National Instrument 43-101 Technical Report on the Greenwood Area Property in the historic Greenwood Mining Camp of Southern British Columbia. Golden Dawn is acquiring this property through the acquisition of Kettle River Resources Ltd., a wholly owned subsidiary of New Nadina Explorations Limited. Golden Dawn and New Nadina Explorations Limited signed a Letter of Intent regarding this acquisition, including the mineral property assets that are described in this report. The Greenwood Area Property is comprised of 57 Crown Granted claims with subsurface mineral rights covering 814.3 hectares, 24 Crown Granted claims with surface and sub-surface rights covering 277.4 hectares, and 51 mineral tenure claims with subsurface rights covering 10,263 hectares. The total area covered by the various claim types is in excess of 11,000 hectares. This land package has an exceptional abundance of mineral prospects, containing 29 historical past producing mines and 49 documented mineral showings. The property encompasses the historic Phoenix mine which produced nearly 1 million ounces of gold and 235,700 tonnes of Cu from a total of 21 million tonnes mined from 1900-1919 and 1956-1978. There is potential to establish a mineral resource from the Tremblay tailings that were derived from this mine. All of the historic mines are less than 150 metres in depth with the majority being less than 50 metres deep. In addition to potential extensions to known deposits, large areas of the Greenwood Area Property remain under-explored. Early exploration was focused on copper and little exploration work has been conducted in the last 20 years. As such, the property remains at the exploration stage with no current mineral resources, and there is a significant potential for gold exploration. | |
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