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Golden Dawn Minerals Inc.

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Summary

Project:

Greenwood

Deposit:May-Mac
Location:Canada
Commodities:Gold-Silver-Copper-Lead-Zinc
Date:1/17/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:17-1-2017: Golden Dawn Minerals Inc. announces an Exploration/Drilling Update report for its May-Mac deposit at the Greenwood project. Drilling results incl. 2.33m @ 131.3g/t Ag, 2.34g/t Au, 0.6% Pb, 0.4% Zn, 0.1% Cu. Vancouver, January 16, 2017, Golden D
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Mathew Ball (Internal)
ABSTRACT:Vancouver, January 16, 2017, Golden Dawn Minerals Inc., (TSX-V:GOM; FRANKFURT: 3G8A; OTC:GDMRF) (the “Company” or “Golden Dawn”) announces results from 2016 underground drilling, and revised results for one surface step-out hole at its 100% owned May Mac mine Repeat analyses on surface hole BF 16-26 indicate the original fire assay results announced in a news release dated December 12, 2016 were biased low. Additional check assays were done on a highly mineralized intercept for silver, gold and base metals by the same laboratory. Three splits from one high grade sample (M253097) were re-analyzed for Ag by Fire Assay and 4Acid digestion assay. The repeat analyses indicate the original fire assay result was biased low. For gold, replicate analyses by fire assay with gravimetric finish verify the initial reported result by FA-ICP. Check assays for lead show that for samples with >5% Pb the 4Acid “near-total” digestion technique is not appropriate, as it shows a significantly low bias, and that an Aqua Regia digestion or Peroxide Fusion assay is required for full Pb recovery. No bias was detected in the analyses for zinc and copper. In summary, check assays returned much higher values for silver and lead.

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