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Golden Dawn Minerals Inc.
Summary
| Project: | Greenwood | |
|---|---|---|
| Deposit: | May-Mac | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 2/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-2-2017: Golden Dawn Minerals Inc. announces an Exploration/Drilling Update report for its May-Mac deposit at the Greenwood project. Drilling results incl. 2.06m @ 559.4g/t Ag, 1.27g/t Au, 0.2% Pb, 2.1% Zn, 0.1% Cu from 52.80m. Golden Dawn Minerals Inc. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mathew Ball (Internal) | |
| ABSTRACT: | Golden Dawn Minerals Inc., (TSX-V: GOM; FRANKFURT: 3G8A; OTC: GDMRF) (the “Company” or “Golden Dawn”) announces results from underground drilling underway at its 100% owned May Mac mine in early 2017. A total of 1320 metres has been completed in 10 underground diamond drill holes so far this year. This is a total of 2125 meters including the 9 underground drill holes drilled in late 2016. All of the holes were drilled in the May Mac mine to further test the mineralized zones identified on the Skomac vein and to test for parallel veins. All 19 holes intersected the target Skomac system vein, with the results indicating the main Skomac vein contains silver-gold-lead-zinc mineralization that continues from the #6 level down to and below the No. 7 level, and that parallel veins also contain mineralization locally. The new results include the highest gold and silver assays obtained to date from the Skomac vein system. The Company will continue underground diamond drilling at the May Mac Mine to complete additional holes from drill station #3 before moving to drill from stations #2 and #1. The Company is also preparing additional information requested by the government to support its permit application to extend the May Mac 7 Level drift to the northwest to facilitate additional diamond drilling and bulk sampling of up to 10,000 tonnes. A suite of samples was collected for metallurgical testing to determine the requirements for processing in the Company’s Greenwood Mill, located 15 km southeast of the May Mac Mine | |
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