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Golden Dawn Minerals Inc.
Summary
| Project: | J&L | |
|---|---|---|
| Deposit: | Main, hanging wall, Footwall, Yellowjacket | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 1/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 23-1-2018: Golden Dawn Minerals Inc. announces a Resource Estimation report for its Main, hanging wall, Footwall, Yellowjacket deposit at the J&L project. Updated Mineral Resource for the J&L property. The J&L property represents one of the largest undeve | |
| Resources: | (Resource, M+I): 5.16Mt @ 4.59g/t Au, 55.6g/t Ag, 2.04% Pb, 4.57% Zn at J&L | |
| CP/QP: | [Resources]: Eugene Puritch (P&E Mining Consultants Inc.) | |
| ABSTRACT: | The J&L property represents one of the largest undeveloped precious and polymetallic deposits in British Columbia. The property is 35 kilometres north of Revelstoke, British Columbia, Canada. The property consists of 18 mineral tenure claims and 10 crown granted claims for a total of 3,150.74 hectares. Huakan International Mining Inc. owes 100% interest in the J&L Property (the “Property”) and assets without any underlying royalties. Golden Dawn announced signing a three-stage option agreement on December 18, 2017 to earn 100% interest of J&L from Huakan subject to an NSR Royalty. The option agreement is subject to regulatory approval. On February 6, 2018, Golden Dawn reported that a legal action has arisen between Armex Mining Corp. (“Armex”) and Huakan whereby Armex claims that it has a valid letter of intent with Huakan covering Huakan’s J&L property. Huakan has notified the Company that it intends to defend the Armex action. The legal action has not been resolved at the time of this Technical Report. The Property lies within the Selkirk Mountains near the north end of the Kootenay Arc, a complex sequence of east dipping Neoproterozoic to Lower Paleozoic metasedimentary and metavolcanic miogeosynclinal North American rocks. The belt is characterized by tight to isoclinal folds and generally west verging thrust faults and greenschist grade regional metamorphism. The J&L Property is underlain by north to northwest striking, moderate to steeply east dipping metasediments and metavolcanic rocks of the Hamill and Lardeau Group and Badshot and Mohican Formation rocks. | |
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