VANCOUVER, British Columbia -- June 11, 2018 -- InvestorsHub
NewsWire -- Wolf Wiese CEO of Golden Dawn Minerals Inc.,
(TSX-V:GOM) (FRANKFURT:3G8B)
(OTC:GDMRF) (the
“Company” or “Golden Dawn”)
provides assay results from sampling conducted in the Lexington
Mine and an update on activities completed. The Company is
aiming at initiating trial mining and processing before year
end.
Rock chip sampling is being conducted in the mine to assess the
working faces remaining from the 2008 mining campaign that are
currently accessible. A total of 339 individual samples have
been collected so far. Results from the first batch of 206
samples sent for assay are provided below.
Table 1: Composite Channel Sample Results
| Sample Line |
Length (m) |
Au (g/t) |
Cu (%) |
Au Eq (g/t) |
| 1166-112-1-LW-1 |
2.2 |
0.69 |
0.19 |
0.97 |
| 1166-112-1-LW-2 |
2.2 |
0.81 |
0.09 |
0.95 |
| 1166-112-1-LW-4 |
2.3 |
6.25 |
0.93 |
7.65 |
| 1166-112-1-LW-5 |
1.8 |
0.55 |
0.31 |
1.02 |
| 1166-112-1-RW-1 |
2.1 |
2.66 |
0.27 |
3.07 |
| 1166-112-1-RW-2 |
2.0 |
2.27 |
1.13 |
3.97 |
| 1166-112-1-RW-4 |
1.9 |
1.91 |
0.41 |
2.52 |
| 1166-112-1-RW-5 |
2.2 |
0.90 |
1.29 |
2.84 |
| 1166-112-2A-FACE |
2.1 |
0.16 |
0.05 |
0.24 |
| 1166-112-2A-LW-1 |
3.4 |
2.60 |
1.12 |
4.28 |
| 1166-112-2A-LW-2 |
2.0 |
4.35 |
0.85 |
5.63 |
| 1166-112-2A-LW-3 |
2.3 |
0.47 |
0.47 |
1.17 |
| 1166-112-2A-RW |
3.1 |
2.01 |
0.51 |
2.77 |
| 1166-112-2A-RW-2 |
1.6 |
0.14 |
0.04 |
0.20 |
| 1166-112-2A-RW-3 |
2.3 |
0.71 |
0.34 |
1.22 |
| 1166-112-3-LW-1 |
2.2 |
0.26 |
0.78 |
1.44 |
| 1166-112-3-LW-2 |
2.4 |
1.05 |
0.42 |
1.67 |
| 1166-112-3-RW |
3.9 |
13.41 |
2.08 |
16.54 |
| 1166-112-3-RW-2 |
2.0 |
3.40 |
1.19 |
5.20 |
| 1166-112-OAC-RW-2 |
2.1 |
5.19 |
0.53 |
5.99 |
| 1210-128-2A-FACE |
1.2 |
1.30 |
0.05 |
1.38 |
| 1210-128-2A-LW |
2.1 |
4.20 |
0.79 |
5.38 |
| 1210-128-2A-RW |
2.0 |
0.26 |
0.25 |
0.63 |
| 1210-128-2-FACE |
1.4 |
22.20 |
4.32 |
28.68 |
| 1210-128-2-LW-2 |
2.0 |
2.18 |
0.71 |
3.24 |
| Sample Line |
Length (m) |
Au (g/t) |
Cu (%) |
Au Eq (g/t) |
| 1210-128-2-RW-2 |
2.1 |
3.20 |
0.25 |
3.59 |
| 1210-128-OAC-LW-3 |
2.1 |
15.74 |
0.85 |
17.01 |
| 1210-128-OAC-LW-4 |
1.8 |
30.18 |
4.93 |
37.57 |
| 1210-128-OAC-LW-5 |
2.0 |
2.73 |
2.28 |
6.16 |
| 1210-128-OAC-LW-6 |
2.2 |
2.62 |
0.18 |
2.89 |
| 1210-128-OAC-LW-7 |
2.2 |
0.84 |
0.27 |
1.25 |
| 1210-128-OAC-LW-8 |
2.4 |
1.96 |
0.98 |
3.43 |
| 1210-128-OAC-RW-2 |
2.9 |
2.41 |
0.80 |
3.61 |
| 1210-128-OAC-RW-3 |
2.9 |
5.11 |
0.94 |
6.53 |
| 1210-128-OAC-RW-5 |
2.6 |
2.88 |
0.41 |
3.50 |
| 1210-128-XCUT-LW-1 |
2.8 |
2.43 |
0.61 |
3.34 |
| 1210-128-XCUT-LW-2 |
2.4 |
0.32 |
0.12 |
0.50 |
| 1210-128-XCUT-LW-3 |
2.2 |
6.71 |
0.48 |
7.43 |
| 1210-128-XCUT-LW-4 |
2.2 |
11.17 |
2.65 |
15.14 |
| 1210-128-XCUT-LW-5 |
2.5 |
11.41 |
2.81 |
15.63 |
| 1210-128-XCUT-RW-1 |
2.3 |
1.29 |
1.04 |
2.85 |
| 1210-128-XCUT-RW-2 |
2.3 |
26.67 |
1.77 |
29.33 |
| 1210-128-XCUT-RW-3 |
2.0 |
15.49 |
1.36 |
17.54 |
| 1210-128-XCUT-RW-4 |
1.9 |
0.23 |
0.06 |
0.32 |
| 1210-128-XCUT-RW-5 |
2.4 |
1.47 |
0.17 |
1.72 |
| 1210-128-XCUT-RW-6 |
2.1 |
0.82 |
0.40 |
1.42 |
| 1210-132-OAC-LW |
3.0 |
1.94 |
0.61 |
2.85 |
| 1210-132-OAC-RW |
2.6 |
17.04 |
3.42 |
22.16 |
Table 2: Individual Channel Sample Results
| Sample Line |
From (m) |
To (m) |
Length (m) |
Sample ID |
Au g/t |
Cu % |
Au Eq g/t |
| 1166-112-1-LW-1 |
0.00 |
0.80 |
0.80 |
A06449 |
0.06 |
0.02 |
0.09 |
| 0.80 |
1.26 |
0.46 |
A06451 |
2.90 |
0.50 |
3.65 |
| 1.26 |
2.16 |
0.90 |
A06452 |
0.12 |
0.18 |
0.39 |
| 1166-112-1-LW-2 |
0.00 |
0.15 |
0.15 |
A06515 |
9.45 |
0.35 |
9.98 |
| 0.15 |
2.15 |
2.00 |
A06517 |
0.16 |
0.07 |
0.27 |
| 1166-112-1-LW-4 |
0.00 |
1.45 |
1.45 |
A06522 |
1.17 |
0.22 |
1.50 |
| 1.45 |
1.95 |
0.50 |
A06523 |
8.00 |
1.59 |
10.39 |
| 1.95 |
2.25 |
0.30 |
A06524 |
27.90 |
3.25 |
32.78 |
| 1166-112-1-LW-5 |
0.00 |
0.70 |
0.70 |
A06525 |
1.01 |
0.71 |
2.08 |
| 0.70 |
1.40 |
0.70 |
A06527 |
0.22 |
0.08 |
0.34 |
| 1.40 |
1.84 |
0.44 |
A06528 |
0.34 |
0.07 |
0.45 |
| 1166-112-1-RW-1 |
0.00 |
2.10 |
2.10 |
A06509 |
2.66 |
0.27 |
3.07 |
| 1166-112-1-RW-2 |
0.00 |
1.22 |
1.22 |
A06511 |
0.10 |
0.13 |
0.30 |
| 1.22 |
1.70 |
0.48 |
A06512 |
8.38 |
4.26 |
14.77 |
| 1.70 |
2.00 |
0.30 |
A06513 |
1.34 |
0.18 |
1.61 |
| Hole |
From (m) |
To (m) |
Length (m) |
Sample ID |
Au g/t |
Cu % |
Au Eq g/t |
| 1166-112-1-RW-4 |
0.00 |
0.95 |
0.95 |
A06529 |
3.40 |
0.66 |
4.39 |
| 0.95 |
1.15 |
0.20 |
A06531 |
0.47 |
0.10 |
0.62 |
| 1.15 |
1.35 |
0.20 |
A06532 |
0.02 |
0.01 |
0.04 |
| 1.35 |
1.90 |
0.55 |
A06533 |
0.54 |
0.23 |
0.89 |
| 1166-112-1-RW-5 |
0.00 |
0.20 |
0.20 |
A06534 |
2.23 |
0.60 |
3.13 |
| 0.20 |
1.40 |
1.20 |
A06535 |
0.55 |
0.08 |
0.67 |
| 1.40 |
2.15 |
0.75 |
A06537 |
1.10 |
3.42 |
6.23 |
| 1166-112-2A-FACE |
0.00 |
1.20 |
1.20 |
A06463 |
0.12 |
0.05 |
0.20 |
| 1.20 |
2.10 |
0.90 |
A06464 |
0.22 |
0.05 |
0.30 |
| 1166-112-2A-LW-1 |
0.00 |
0.70 |
0.70 |
A06432 |
1.21 |
0.60 |
2.11 |
| 0.70 |
1.40 |
0.70 |
A06433 |
1.46 |
0.18 |
1.73 |
| 1.40 |
2.10 |
0.70 |
A06434 |
2.79 |
3.14 |
7.50 |
| 2.10 |
2.56 |
0.46 |
A06435 |
0.25 |
0.10 |
0.40 |
| 2.56 |
2.96 |
0.40 |
A06437 |
0.31 |
1.00 |
1.81 |
| 2.96 |
3.36 |
0.40 |
A06438 |
11.70 |
1.40 |
13.80 |
| 1166-112-2A-LW-2 |
0.00 |
0.56 |
0.56 |
A06439 |
0.63 |
0.14 |
0.84 |
| 0.56 |
1.20 |
0.64 |
A06441 |
0.49 |
0.09 |
0.63 |
| 1.20 |
1.60 |
0.40 |
A06442 |
19.00 |
3.24 |
23.86 |
| 1.60 |
2.00 |
0.40 |
A06443 |
1.11 |
0.66 |
2.10 |
| 1166-112-2A-LW-3 |
0.00 |
0.65 |
0.65 |
A06444 |
1.04 |
1.44 |
3.20 |
| 0.65 |
1.25 |
0.60 |
A06445 |
0.29 |
0.07 |
0.40 |
| 1.25 |
1.80 |
0.55 |
A06447 |
0.30 |
0.03 |
0.35 |
| 1.80 |
2.30 |
0.50 |
A06448 |
0.13 |
0.16 |
0.37 |
| 1166-112-2A-RW |
0.00 |
0.58 |
0.58 |
A06425 |
6.65 |
1.54 |
8.96 |
| 0.58 |
1.10 |
0.52 |
A06426 |
0.30 |
0.01 |
0.32 |
| 1.10 |
1.57 |
0.47 |
A06427 |
0.48 |
0.05 |
0.56 |
| 1.57 |
1.97 |
0.40 |
A06428 |
0.45 |
0.64 |
1.41 |
| 1.97 |
2.57 |
0.60 |
A06429 |
0.08 |
0.09 |
0.22 |
| 2.57 |
3.07 |
0.50 |
A06431 |
3.39 |
0.66 |
4.38 |
| 1166-112-2A-RW-2 |
0.00 |
1.60 |
1.60 |
A06465 |
0.14 |
0.04 |
0.20 |
| 1166-112-2A-RW-3 |
0.00 |
0.48 |
0.48 |
A06467 |
0.75 |
0.56 |
1.59 |
| 0.48 |
1.48 |
1.00 |
A06468 |
0.11 |
0.10 |
0.26 |
| 1.48 |
2.10 |
0.62 |
A06469 |
1.27 |
0.60 |
2.17 |
| 2.10 |
2.30 |
0.20 |
A06471 |
1.86 |
0.22 |
2.19 |
| 1166-112-3-LW-1 |
0.00 |
0.60 |
0.60 |
A06455 |
0.43 |
1.48 |
2.65 |
| 0.60 |
2.20 |
1.60 |
A06457 |
0.20 |
0.52 |
0.98 |
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| Hole |
From (m) |
To (m) |
Length (m) |
Sample ID |
Au g/t |
Cu % |
Au Eq g/t |
| 1166-112-3-LW-2 |
0.00 |
0.35 |
0.35 |
A06458 |
0.31 |
0.25 |
0.69 |
| 0.35 |
1.12 |
0.77 |
A06459 |
1.64 |
0.78 |
2.81 |
| 1.12 |
1.34 |
0.22 |
A06461 |
3.43 |
0.51 |
4.20 |
| 1.34 |
2.37 |
1.03 |
A06462 |
0.34 |
0.18 |
0.61 |
| 1166-112-3-RW |
0.00 |
0.84 |
0.84 |
A06418 |
29.60 |
2.54 |
33.41 |
| 0.84 |
1.39 |
0.55 |
A06419 |
18.00 |
5.51 |
26.27 |
| 1.39 |
1.92 |
0.53 |
A06421 |
31.60 |
4.03 |
37.65 |
| 1.92 |
2.47 |
0.55 |
A06422 |
0.12 |
0.68 |
1.14 |
| 2.47 |
3.07 |
0.60 |
A06423 |
0.22 |
0.05 |
0.30 |
| 3.07 |
3.87 |
0.80 |
A06424 |
0.26 |
0.44 |
0.92 |
| 1166-112-3-RW-2 |
0.00 |
0.95 |
0.95 |
A06453 |
0.46 |
0.46 |
1.15 |
| 0.95 |
1.95 |
1.00 |
A06454 |
6.20 |
1.89 |
9.04 |
| 1166-112-OAC-RW-2 |
0.00 |
1.56 |
1.56 |
A06507 |
0.10 |
0.13 |
0.30 |
| 1.56 |
2.10 |
0.54 |
A06508 |
19.90 |
1.71 |
22.47 |
| 1210-128-2A-FACE |
0.00 |
0.63 |
0.63 |
A06484 |
1.32 |
0.04 |
1.38 |
| 0.63 |
1.23 |
0.60 |
A06485 |
1.28 |
0.06 |
1.37 |
| 1210-128-2A-LW |
0.00 |
0.56 |
0.56 |
A06479 |
2.80 |
1.01 |
4.32 |
| 0.56 |
2.10 |
1.54 |
A06481 |
4.71 |
0.71 |
5.78 |
| 1210-128-2A-RW |
0.00 |
0.58 |
0.58 |
A06482 |
0.41 |
0.72 |
1.49 |
| 0.58 |
2.00 |
1.42 |
A06483 |
0.20 |
0.06 |
0.29 |
| 1210-128-2-FACE |
0.00 |
1.40 |
1.40 |
A06478 |
22.20 |
4.32 |
28.68 |
| 1210-128-2-LW-2 |
0.00 |
0.91 |
0.91 |
A06474 |
3.68 |
1.15 |
5.41 |
| 0.91 |
1.24 |
0.33 |
A06475 |
0.19 |
0.02 |
0.22 |
| 1.24 |
2.04 |
0.80 |
A06477 |
1.29 |
0.49 |
2.03 |
| 1210-128-2-RW-2 |
0.00 |
0.39 |
0.39 |
A06489 |
16.10 |
0.73 |
17.20 |
| 0.39 |
0.46 |
0.07 |
A06491 |
0.31 |
0.05 |
0.39 |
| 0.46 |
1.28 |
0.82 |
A06492 |
0.06 |
0.03 |
0.11 |
| 1.28 |
1.38 |
0.10 |
A06493 |
1.12 |
0.45 |
1.80 |
| 1.38 |
2.13 |
0.75 |
A06494 |
0.49 |
0.24 |
0.85 |
| 1210-128-OAC-LW-3 |
0.00 |
0.66 |
0.66 |
A06499 |
9.45 |
0.89 |
10.79 |
| 0.66 |
1.12 |
0.46 |
A06501 |
9.84 |
1.41 |
11.96 |
| 1.12 |
2.12 |
1.00 |
A06502 |
22.60 |
0.57 |
23.46 |
| 1210-128-OAC-LW-4 |
0.00 |
0.53 |
0.53 |
A06538 |
1.59 |
0.31 |
2.06 |
| 0.53 |
1.27 |
0.74 |
A06539 |
69.30 |
11.00 |
85.80 |
| 1.27 |
1.75 |
0.48 |
A06541 |
1.43 |
0.66 |
2.42 |
| 1210-128-OAC-LW-5 |
0.00 |
0.56 |
0.56 |
A06542 |
0.43 |
0.03 |
0.48 |
| 0.56 |
0.96 |
0.40 |
A06543 |
5.23 |
9.74 |
19.84 |
| 0.96 |
1.96 |
1.00 |
A06544 |
3.02 |
0.57 |
3.88 |
| Hole |
From (m) |
To (m) |
Length (m) |
Sample ID |
Au g/t |
Cu % |
Au Eq g/t |
| 1210-128-OAC-LW-6 |
0.00 |
0.60 |
0.60 |
A06545 |
0.37 |
0.08 |
0.49 |
| 0.60 |
1.30 |
0.70 |
A06547 |
0.15 |
0.28 |
0.57 |
| 1.30 |
1.75 |
0.45 |
A06548 |
12.00 |
0.19 |
12.29 |
| 1.75 |
2.20 |
0.45 |
A06549 |
0.10 |
0.14 |
0.31 |
| 1210-128-OAC-LW-7 |
0.00 |
0.72 |
0.72 |
A06551 |
1.77 |
0.38 |
2.34 |
| 0.72 |
1.59 |
0.87 |
A06552 |
0.54 |
0.30 |
0.99 |
| 1.59 |
2.21 |
0.62 |
A06553 |
0.20 |
0.09 |
0.34 |
| 1210-128-OAC-LW-8 |
0.00 |
0.45 |
0.45 |
A06554 |
1.86 |
0.52 |
2.64 |
| 0.45 |
1.15 |
0.70 |
A06555 |
4.16 |
2.53 |
7.96 |
| 1.15 |
2.35 |
1.20 |
A06557 |
0.72 |
0.24 |
1.08 |
| 1210-128-OAC-RW-2 |
0.00 |
0.55 |
0.55 |
A06561 |
2.08 |
1.14 |
3.79 |
| 0.55 |
1.10 |
0.55 |
A06562 |
4.72 |
1.55 |
7.05 |
| 1.10 |
2.10 |
1.00 |
A06563 |
1.49 |
0.28 |
1.91 |
| 2.10 |
2.90 |
0.80 |
A06564 |
2.19 |
0.71 |
3.26 |
| 1210-128-OAC-RW-3 |
0.00 |
0.87 |
0.87 |
A06565 |
14.20 |
2.44 |
17.86 |
| 0.87 |
1.74 |
0.87 |
A06567 |
2.62 |
0.44 |
3.28 |
| 1.74 |
2.94 |
1.20 |
A06568 |
0.34 |
0.23 |
0.69 |
| 1210-128-OAC-RW-5 |
0.00 |
0.50 |
0.50 |
A06572 |
4.58 |
0.59 |
5.47 |
| 0.50 |
1.10 |
0.60 |
A06573 |
0.22 |
0.07 |
0.33 |
| 1.10 |
1.45 |
0.35 |
A06574 |
0.39 |
0.03 |
0.44 |
| 1.45 |
2.55 |
1.10 |
A06575 |
4.35 |
0.64 |
5.31 |
| 1210-128-XCUT-LW-1 |
0.00 |
1.30 |
1.30 |
A06577 |
4.96 |
1.11 |
6.63 |
| 1.30 |
2.80 |
1.50 |
A06578 |
0.23 |
0.18 |
0.50 |
| 1210-128-XCUT-LW-2 |
0.00 |
0.90 |
0.90 |
A06579 |
0.30 |
0.12 |
0.48 |
| 0.90 |
2.40 |
1.50 |
A06581 |
0.33 |
0.12 |
0.51 |
| 1210-128-XCUT-LW-3 |
0.00 |
0.50 |
0.50 |
A06582 |
0.40 |
0.07 |
0.51 |
| 0.50 |
0.88 |
0.38 |
A06583 |
37.60 |
2.42 |
41.23 |
| 0.88 |
1.23 |
0.35 |
A06584 |
0.06 |
0.03 |
0.11 |
| 1.23 |
2.23 |
1.00 |
A06585 |
0.45 |
0.11 |
0.62 |
| 1210-128-XCUT-LW-4 |
0.00 |
0.33 |
0.33 |
A06587 |
39.00 |
7.13 |
49.70 |
| 0.33 |
1.08 |
0.75 |
A06588 |
0.27 |
0.05 |
0.35 |
| 1.08 |
1.44 |
0.36 |
A06589 |
10.30 |
3.13 |
15.00 |
| 1.44 |
2.24 |
0.80 |
A06591 |
10.30 |
3.02 |
14.83 |
| 1210-128-XCUT-LW-5 |
0.00 |
0.33 |
0.33 |
A06592 |
0.12 |
0.03 |
0.17 |
| 0.33 |
1.33 |
1.00 |
A06593 |
10.20 |
2.07 |
13.31 |
| 1.33 |
2.48 |
1.15 |
A06594 |
15.70 |
4.26 |
22.09 |
| 1210-128-XCUT-RW-1 |
0.00 |
1.00 |
1.00 |
A06595 |
2.52 |
2.25 |
5.90 |
| 1.00 |
2.30 |
1.30 |
A06597 |
0.35 |
0.10 |
0.50 |
| Hole |
From (m) |
To (m) |
Length (m) |
Sample ID |
Au g/t |
Cu % |
Au Eq g/t |
| 1210-128-XCUT-RW-2 |
0.00 |
0.75 |
0.75 |
A06598 |
0.12 |
0.04 |
0.18 |
| 0.75 |
1.55 |
0.80 |
A06599 |
29.70 |
0.94 |
31.11 |
| 1.55 |
2.30 |
0.75 |
A06601 |
50.00 |
4.38 |
56.57 |
| 1210-128-XCUT-RW-3 |
0.00 |
0.60 |
0.60 |
A06602 |
16.40 |
0.71 |
17.47 |
| 0.60 |
1.35 |
0.75 |
A06603 |
20.00 |
1.85 |
22.78 |
| 1.35 |
1.65 |
0.30 |
A06604 |
19.70 |
2.90 |
24.05 |
| 1.65 |
2.00 |
0.35 |
A06605 |
0.68 |
0.11 |
0.85 |
| 1210-128-XCUT-RW-4 |
0.00 |
0.80 |
0.80 |
A06607 |
0.33 |
0.09 |
0.47 |
| 0.80 |
1.20 |
0.40 |
A06608 |
0.33 |
0.04 |
0.39 |
| 1.20 |
1.92 |
0.72 |
A06609 |
0.07 |
0.05 |
0.15 |
| 1210-128-XCUT-RW-5 |
0.00 |
0.60 |
0.60 |
A06611 |
4.81 |
0.37 |
5.37 |
| 0.60 |
1.50 |
0.90 |
A06612 |
0.58 |
0.15 |
0.81 |
| 1.50 |
2.35 |
0.85 |
A06613 |
0.07 |
0.04 |
0.13 |
| 1210-128-XCUT-RW-6 |
0.00 |
0.57 |
0.57 |
A06614 |
2.58 |
0.98 |
4.05 |
| 0.57 |
1.19 |
0.62 |
A06615 |
0.24 |
0.11 |
0.41 |
| 1.19 |
2.12 |
0.93 |
A06617 |
0.13 |
0.24 |
0.49 |
| 1210-132-OAC-LW |
0.00 |
1.10 |
1.10 |
A06412 |
0.47 |
0.23 |
0.82 |
| 1.10 |
2.20 |
1.10 |
A06413 |
3.09 |
0.99 |
4.58 |
| 2.20 |
2.50 |
0.30 |
A06414 |
0.86 |
0.07 |
0.97 |
| 2.50 |
3.00 |
0.50 |
A06415 |
3.27 |
0.93 |
4.67 |
| 1210-132-OAC-RW |
0.00 |
1.30 |
1.30 |
A06416 |
31.70 |
5.79 |
40.39 |
| 1.30 |
2.60 |
1.30 |
A06417 |
2.37 |
1.04 |
3.93 |
g/t = grams per tonne;
Au Eq g/t Calculated as per 2017 PEA Report as Au g/t + (Cu % x
1.5);
The widths of zones reported above are for vertical
composite sample lengths, which may be different
from the true width of the mineralized zone.
The sample results are very positive and demonstrate that
potentially economic grades of copper-gold mineralization are
exposed on the faces in the mine. The results also serve to
substantiate and provide confidence in the mineral resource as
reported in the 2017 PEA report. The methodical mapping and
sampling will provide the technical team to develop a mining plan
based on the data gleaned from this work. The results will be
used as a guide to minimize dilution of the mill feed from day one
of trial mining.
Compilation of exploration data around the Lexington mine has
highlighted areas with high potential for discovery of similar
style gold-copper mineralization. Potential for at least two
parallel zones of mineralization close to the Lexington Main zone
are documented in the PEA, and potential has now been recognized
for strike extension of these potential zones to the northwest at
least as much as the known extent of the mine. There is a 1
kilometer long trend of favourable host rocks that stretches from
the Lexington mine across the border with Washington State and into
the former Lone Star open pit mine, within which several historic
drill intercepts of significant copper-gold mineralization
occur. The favourable stratigraphy also extends over 3
kilometers to the northwest through the historic Lexington, Mable
and Number 7 mines, where minimal past exploration drilling was
done. Good potential for mineralization over significant
widths also exists in the vicinity of the City of Paris historic
mine that overlies the Lexington Main zone, as indicated by a chip
sample collected in 2017 at a raise break-through from this
mine. This sample was previously reported in news release
dated 30 January 2018 but check assaying for gold returned a result
of 18.0 grams per tonne gold over a sample width of 4.5 meters; the
original copper result was 0.42%.
Photos accompanying this announcement:
Update on Work Completed
The mine operation has been staffed with a Mine Manager, Mine
Superintendent, Heavy Duty Mechanic, Watchman, Mine Shift Boss and
two miners as employees to maintain pumps, support technical work,
and do repairs. Daily pumping is underway to maintain the
water level at the 1166 level or bottom of the mine.
Physical work completed:
- West Portal: Surface area stripped of loose material and washed
down to bedrock, new timber sets assembled to be installed shortly
to complete the safe access from the west portal, new roof
installed on mechanics shop, temporary toilet installed
- Vent raise was retimbered and new ladders installed
- Equipment: Mine personnel vehicles refurbished, fire
suppression systems installed, scooptrams, longhole drill and jumbo
moved to mine site and initial mechanical checks done
- East Portal: generator, compressor, mine office, mine dry and
toilet facilities installed
- Ditching conducted on roads above East and West portals to
control run-off water
- Large trees overhanging west laydown felled
- Mine lubricant storage sump facility refurbished
- Electrical motors in mill megger tested
Technical work competed:
- Geotechnical assessment of mine workings and diamond drill
records, and rock bolt pull tests to formulate a Ground Control
Management Plan
- Mine engineering studies to update the Mine Plan and
Ventilation Plan
- Review of past grade control assay data
- Review of past mining stope development
- GIS compilation of prior exploration data initiated; new
diamond drilling targets identified and drilling permit
applications submitted
- Geotechnical assessments of the East and West Portals
underway
- Geotechnical engineer engaged to prepare a waste dump
operation, management and surveillance manual
- Environmental consultant engaged to prepare Environmental
Management Systems for mine and mill
- Application submitted for power load reconnection with energy
supplier to ensure timely startup
- A formal RFP (request for proposal) document is being prepared
for engineering design to support permitting an upgrade of the
processing and tailings facilities capacity to 400 Tonnes Per
Day
The Company is ready to begin installation of mine
infrastructure. However, prior to this various updates to
permit documents are required by the Ministry of Mines for the mine
and mill. These include Environmental Management Systems,
Water Quality Monitoring Plans, Waste Management Plans, Waste Rock
and Tailings Management Plans, Erosion and Sediment Control Plan,
Mine Plan, Ground Control Management Plan, Waste Dump Operation and
Surveillance Manual, Invasive Plant Management Plans, Closure
Management Manual, and Life of Mine Reclamation Programs.
In addition, the Ministry of Mines and Ministry of Environment
recently conducted Environmental, Industrial Hygiene, Geotechnical
and Reclamation site inspections of the mine and mill. BC has
one of the highest safety and environmental standards in the world
and new regulations have been put into place to improve
environmental and safety standards since the mine and plant were
constructed in 2008. The inspections identified items that
need to be addressed before approval will be granted to
operate. The Company will engage consultants and contractors
as necessary to address the items listed below prior to restart of
operations:
- Installation of new offices and wash/dry facilities
- Ventilation and lighting surveys and improvements
- Dust Control
- Emergency Wash Facilities
- Hazardous materials storage and handling
- Lead Exposure Control Program
- Refurbishment and Remediation Plan for Assay laboratory
- Health and safety programs (medical surveillance, hearing
protection, safe work procedures)
- Confirmation of as-built dimensions for tailings
impoundment
- Installation of a weather station
The samples reported above were collected under the
supervision of Dr. Mathew Ball, P.Geo. and delivered to Activation
Laboratories (Act-Labs) in Kamloops, B.C. Activation Laboratories
(Act-Labs) is an independent commercial laboratory that is ISO 9001
certified and ISO 17025 accredited. Analyses for gold were by the
fire assay method using 30 gram samples with an AA finish. Fire
assay gravimetric analyses were carried out on initial gold
analytical results in excess of 30000 ppb gold. Other elements were
analyzed by ICP-OES using an aqua regia digestion. Copper results
above 0.75% were re-analyzed by peroxide fusion. Quality control
was monitored using reference standard, blank and duplicate field
samples inserted into the sample sequence at intervals.
The Company would like to clarify that it has not based
its decision to proceed to production on a
feasibility study of mineral reserves demonstrating economic and
technical viability. The Company cautions that, in such
cases, there is increased uncertainty and higher economic and
technical risks of failure.
Technical disclosure in this news release has been approved by
Dr. Mathew Ball, P.Geo., a Qualified Person as defined by National
Instrument 43-101, and Chief Operating Officer of the Company.
On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.
Wolf Wiese, President & CEO
For further information, please contact:
Corporate Communications
604-221-8936
allinfo@goldendawnminerals.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Cautionary Note Regarding Forward Looking
Statements: Certain disclosure in this
release constitutes forward-looking statements. In making the
forward-looking statements in this release, the Company has applied
certain factors and assumptions that are based on the Company's
current beliefs as well as assumptions made by and information
currently available to the Company, including that the Company is
able to procure personnel, equipment and supplies required for its
exploration activities in sufficient quantities and on a timely
basis and that actual results of exploration activities are
consistent with management's expectations. Although the Company
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect, and the
forward-looking statements in this release are subject to numerous
risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in
such forward-looking statements. Such risk factors include, among
others, that actual results of the Company's exploration
activities will be different than those expected by management and
that the Company will be unable to obtain financing or will
experience delays in obtaining any required government approvals or
be unable to procure required equipment and supplies in sufficient
quantities and on a timely basis. Readers are cautioned
not to place undue reliance on forward-looking statements. The
Company does not intend, and expressly disclaims any intention or
obligation to, update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by law. We seek safe harbor.
CanXGold Mining (CE) (USOTC:GDMRF)
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부터 10월(10) 2024 으로 11월(11) 2024
CanXGold Mining (CE) (USOTC:GDMRF)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024
