🕐04.04.11 - 15:54 Uhr
Golden Dawn Intersects 127m Grading 0.43 g/t Gold
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Vancouver, April 4, 2011 – GOLDEN DAWN MINERALS INC.
(TSXV:GOM, FRANKFURT:
3G8) is pleased to announce continued excellent results from four additional
diamond drill holes from an ongoing drill program at the Wild Rose-Tam
O’Shanter properties in the Greenwood Mining District, BC.
In the fall of
2010 Golden Dawn initiated a drill program to test the Wild Cat and Wild
Rose vein systems and their apparent strike extent to the northwest known as
the Deadwood Gold Zone.
Golden Dawn has now completed 12 holes totaling
1,877.8 m of drilling.
Golden Dawn had previously reported upon the results
from holes 10WR01 to 10WR06 (Golden Dawn news releases dated January 12 and
January 24, 2011).
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Current drilling conducted by Golden Dawn, together with historical drilling
results, has now confirmed the presence of a significant widespread
alteration zone (the Deadwood Gold Zone) comprising low-grade gold-copper
(Au-Cu) mineralization along a strike length of approximately 1,000 m.
The
zone has an apparent horizontal width of up to 160 m and has been tested to
a vertical depth of approximately 150 m below surface.
The Deadwood Gold
Zone remains open in all directions.
Collectively, the results of the 2010-2011 Wild Rose drill program completed
by Golden Dawn and the results of previous drilling conducted by others,
have outlined a remarkably consistent zone of low-grade gold-copper
mineralization that is a bulk-tonnage target.
Drill holes 10WR07 to 11WR11
have tested the target over a strike length of more than 500 m.
Golden Dawn
is encouraged by the consistency of these results and will initiate a
resource study once the final results of all the 2011 drilling are received
(final results are expected by mid-April, 2011).
Drill holes 10WR07 through 11WR10, have intersected a consistent upper
stratigraphic package with quartz veined, brecciated and hornfelsed
sediments and volcanic rocks with minor dioritic intrusive units overlying a
lower package of thinly bedded siltstones, sandstones and minor
conglomerates.
The upper portion of the stratigraphy exhibits moderate to
intense silicification and consistent disseminated sulphide mineralization,
which is associated with biotite (potassic) alteration that in turn yields
remarkably consistent low grade gold mineralization.
These holes are located
between 500 and 900 m northwest of the Wild Rose and Wild Cat veins.
Within
this large low grade Au-Cu mineralized zone, discreet quartz veining was
occasionally encountered that returned higher grade results, as shown in
Table 1, similar to the Wild Rose and Wild Cat vein systems to the
southeast.
Drill hole 10WR07, initiated in 2010, was completed following the resumption
of drilling in February 2011 and is currently the furthest drillhole
northwest of the Wild Rose and Wild Cat vein area, some 900m to the
northwest.
Hole 10WR07 intersected 95 m core length of 0.20 g/t Au between
43 m and 138 m (Table 1).
Hole 11WR08 was drilled approximately 65 m
southeast of hole 7 and intersected a similar package of rocks.
Hole 11WR08
intersected a broad low grade zone of mineralization averaging 0.54 g/t Au
(and 0.03% Cu) over 81.68 m core length from 82.0 to 163.68 m.
Within that
interval, the main zone of intensely silicified and sulphidized sediments
and volcanics assayed 0.72 g/t Au over 57.0 m core length between 90.0 m and
147.0 m with a high grade zone of 9.62 g/t Au over 2.5 m core length
from 105.0 to 107.5 m (Table 1.).
Hole 11WR09 was drilled a further 90 m
southeast of hole 11WR08 and again intersected the same package of
hornfelsed, silicified and sulphidized sediments and volcanic rocks and
yielded low grade zone that assayed 0.23g/t Au over 73.0 m core length
between 45.0 m and 118.0 m.
Finally, hole 11WR10, which was completed approximately 140 m southeast of
hole 11WR09 and was stepped back to complete a slightly deeper cut of the
stratigraphy, collared into an intensely silicified and sulphidized
sandstone overlying the hornfelsed package of sediments and volcanics
observed in the previous 3 drill holes.
This package averaged 0.43 g/t Au
over 127.0 m core length with several high grade zones approaching 1 g/t
with 0.79 g/t Au over 11.0 m core length from 8.0 to 19.0 m, 0.78 g/t
Au over 29.0 m core length from 25.0 to 54.0 m, and 0.86 g/t Au over 11.0 m
core length from 111.0 to 122.0m (Table 1).
The Au-Cu mineralization at the Deadwood Zone is associated with anomalous
but fairly low concentrations of arsenic, antimony and other ‘epithermal
type indicator elements’.
The lack of a consistent epithermal geochemical
signature and the presence of a consistent Au-Cu relationship is strongly
suggestive of a classic porphyry Au-Cu model for this mineralization.
The
relatively minor amount of intrusive rocks intersected by the drilling thus
far, and the apparent relation between mineralization and stratigraphy, is
indicative of a distal zonation.
The assay results for 2 additional drill holes, completed a further 35 m and
85 m to the southeast of hole 11WR10, are still outstanding and are expected
shortly.
Golden Dawn will continue to evaluate the full extent of the
property for other zones of mineralization, along with potential extensions
of the currently identified Deadwood Gold Zone that remain open in all
directions, based on the following.
_TABLE 1_.
Summary assay results for drill holes 10WR07 to 11WR10, along
with previously released drill holes 10WR01-06 and historical drill hole
92-27.
_Drill Hole_ _From (m)_ _To (m)_ _Interval (m)_ _Au (g/t)_ _Cu (%)_
_11WR10_ _4.00_ _131.00_ _127.00_ _0.43_ _0.02_
including 4.00 75.00 71.00 0.55 0.02
and 94.00 131.00 37.00 0.40 0.04
including 8.00 19.00 11.00 0.79 0.01
and 25.00 54.00 29.00 0.78 0.02
and 111.00 122.00 11.00 0.86 0.04
_11WR09_ 36.00 147.22 111.22 0.19 0.02
_including_ _45.00_ _118.00_ _73.00_ _0.23_ _0.02_
including 52.00 54.40 2.40 1.49 0.07
and 72.00 91.00 19.00 0.30 0.03
_11WR08_ _82.00_ _163.68_ _81.68_ _0.54_ _0.03_
including 90.00 147.00 57.00 0.72 0.04
including 90.00 120.00 30.00 0.58 0.05
including 101.00 115.00 14.00 1.09 0.07
including 101.00 107.50 6.50 4.41 0.13
including 105.00 107.50 2.50 9.62 0.27
and 143.00 147.00 4.00 1.48 0.02
_10WR07_ _43.00_ _138.00_ _95.00_ _0.20_ _0.03_
including 51.00 75.00 24.00 0.23 0.03
and 92.00 134.00 42.00 0.29 0.03
including 105.00 106.00 1.00 3.62 0.01
_10WR06 *_ 7.32 169.65 162.33 0.19 0.02
Including 99.00 144.20 45.20 0.43 0.04
including 99.00 102.00 3.00 1.60 0.03
and 141.60 144.20 1.90 3.01 0.16
and 142.36 142.75 0.39 11.86 0.07
_10WR05 *_ 17.07 40.25 23.18 0.13 0.02
and 64.18 98.00 33.82 0.15 0.03
including 94.83 96.70 1.87 1.85 0.16
_10WR04 *_ 58.83 90.12 31.29 0.32 0.01
including 77.90 83.00 5.10 1.61 0.09
including 77.90 79.00 1.10 5.38 0.22
_10WR03 **_ 20.75 39.50 18.75 0.08 0.01
35.66 38.40 2.74 0.21 0.04
_10WR02 **_ 4.27 26.00 21.73 0.17 0.01
including 9.75 10.50 0.75 2.88 0.01
and 43.00 61.00 18.00 0.98 0.03
including 43.00 48.00 5.00 3.43 0.10
including 44.40 46.10 1.70 9.57 0.21
including 45.00 45.50 0.50 22.06 0.58
_10WR01 **_ 21.50 52.15 30.65 0.19 0.06
including 28.95 31.50 2.55 1.47 0.62
_92-27 ***_ 86.48 146.90 60.42 0.85 0.05
*Previously reported January 24, 2011
** Previously reported January 12, 2011
*** Historical diamond drill hole completed in 1992 by Minnova Inc.
The reader is cautioned that historical drilling results are being confirmed
by current drilling, and such historical results cannot be relied upon until
reconfirmed.
There are no known mineral resources on the property, and there
can be no assurance that any mineral resources will be discovered on the
property and, if discovered, there is no assurance that any mineralization
may be economically extracted.
The reader is referred to the Company’s
website for a PowerPoint and Video presentation illustrating the
historical drilling and the target zone for current drilling activity.
The information in this release has been reviewed on behalf of the Company
by consultants Dr.
Stewart A.
Jackson, P.
Geol., and Michael Dufresne,
M.Sc., P.Geol., Qualified Persons as defined by NI 43-101.
The program is
being supervised by Mr.
Dufresne of APEX Geoscience Ltd.
ON BEHALF OF THE BOARD OF DIRECTORS OF GOLDEN DAWN MINERALS INC.
_“Wolf Wiese”_
_____________________________
Wolf Wiese President/CEO
For further information:
GOLDEN DAWN MINERALS INC.
575, 1111 WEST HASTINGS STREET,
VANCOUVER, BC, V6E 2J3
Telephone: (604) 221-8936
Facsimile: (604) 685-2360
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY
FOR ITS CONTENTS.
NEITHER 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 RELEASE.
THIS DOCUMENT CONTAINS CERTAIN FORWARD LOOKING STATEMENTS WHICH INVOLVE
KNOWN AND UNKNOWN RISKS, DELAYS, AND UNCERTAINTIES NOT UNDER THE COMPANYS
CONTROL WHICH MAY CAUSE ACTUAL RESULTS,PERFORMANCE OR ACHIEVEMENTS OF THE
COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR
ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS.
WE SEEK SAFE
HARBOR.
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