🕐21.04.11 - 19:54 Uhr
GOLDEN DAWN SCHEDULES RESOURCE CALCULATION
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_GOLDEN DAWN SCHEDULES RESOURCE CALCULATION FOLLOWING INTERSECTION OF 138.
M GRADING 0.36 G/T GOLD THAT EXTENDS BULK-TONNAGE TARGET, DEADWOOD GOLD
ZONE, GREENWOOD PROJECT, SOUTH CENTRAL B.C., CANADA_
Vancouver, April 21, 2011 - Golden Dawn Minerals Inc.
(TSXV: GOM, Frankfurt:
3G8) has released results from the final 2 holes from a 12 hole diamond
drill program at the Wild Rose-Tam OShanter properties in the Greenwood
Mining District, British Columbia.
Since the fall of 2010, Golden Dawn has
drill tested the Wild Cat and Wild Rose vein systems and their extent to the
northwest known as the Deadwood Gold Zone.
Golden Dawn has completed 12
holes totaling 1,877.8 m and has previously reported upon the results from
holes 10WR01 to 10WR10 (Golden Dawn news releases dated January 12, 2011,
January 24, 2011 and April 4, 2011).
Current drilling, together with historic 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 metres and has been tested to a vertical depth of approximately
200 metres below surface.
The Deadwood Gold Zone remains open in all
directions.
Collectively, the results of the 2010-2011 Wild Rose-Tam O’Shanter drill
program completed by Golden Dawn, and the results of previous drilling
conducted by others, have outlined a remarkably consistent zone of
widespread, low-grade Au-Cu mineralization that is a potential bulk-tonnage
target.
Golden Dawn is encouraged by the consistency of the alteration and
gold results intersected to date, and has confirmed the results of previous
historic drilling.
Based upon these results, Golden Dawn will now proceed
with a resource calculation for the Deadwood Gold Zone.
As in the previous 10 drill holes , the current 2 holes, 10WR11 and 11WR12,
have intersected a remarkably 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 350 m and 400 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 the associated table,
similar to the Wild Rose and Wild Cat vein systems to the southeast.
Drill hole 10WR11 intersected a wide, low grade gold zone of 0.28 grams per
tonne (g/t) Au over 116.0 m core length with a couple of higher grade zones
including 0.69 g/t Au over 14.0 m core length and 1.03 g/t Au over 7 m core
length (see table below).
Drill hole 10WR12 also intersected wide, low grade
gold zone of 0.36 g/t Au over 138.0 m core length with a couple of higher
grade zones including 1.06 g/t Au over 18.0 m and 0.71 g/t Au over 9.0 m
(see table below).
As indicated in the previous press release dated April 4, 2011, 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.
Golden Dawn will continue to evaluate the full extent of the large property
package for other zones of mineralization, along with potential extensions
of the currently identified Deadwood Gold Zone that remains open in all
directions.
A program of geophysical surveying, reviewing and extending
geochemical coverage of soils, and a review of all geological data will
precede and accompany continued drilling over the next 6 months.
Summary assay results for drill holes 11WR11 and 11WR12, along with
previously released drill holes 10WR01 through 11WR10, and historic drill
hole 92-27, are shown in the summary table below.
SUMMARY ASSAY RESULTS
Drill hole From (m) To (m) Interval (m) Au (g/t) Cu (%)
_11WR12 50.00 188.00 138.00 0.36 0.02_
_Including 68.00 86.00 18.00 1.06 0.01_
_Including 83.00 84.00 1.00 13.01 0.01_
_And 115.00 124.00 9.00 0.71 0.02_
_And 180.00 187.00 7.00 1.00 0.11_
_11WR11 51.00 66.00 15.00 0.40 0.03 _
_And 116.00 253.00 116.00 0.28 0.03_
_Including 135.00 182.00 47.00 0.47 0.01_
_Including 148.00 162.00 14.00 0.68 0.01_
_Including 155.00 162.00 7.00 1.03 0.02_
_And 228.00 253.00 25.00 0.46 0.11_
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
Drill hole From (m) To (m) Interval (m) Au (g/t) Cu (%)
10WR06 ** 7.32 169.65 162.33 0.19 0.02
Including 99.0 144.2 45.2 0.43 0.04
Including 99.0 102.0 3.0 1.60 0.03
And 141.6 144.2 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 98.0 33.82 0.15 0.03
Including 94.83 96.7 1.87 1.85 0.16
10WR04 ** 58.83 90.12 31.29 0.32 0.01
Including 77.9 83.0 5.1 1.61 0.09
Including 77.9 79.0 1.1 5.38 0.22
10WR03*** 20.75 39.5 18.75 0.08 0.01
35.66 38.4 2.74 0.21 0.04
10WR02*** 4.27 26.0 21.73 0.17 0.01
Including 9.75 10.5 0.75 2.88 0.01
And 43.0 61.0 18.0 0.98 0.03
Including 43.0 48.0 5.00 3.43 0.10
Including 44.4 46.1 1.7 9.57 0.21
Including 45.0 45.5 0.5 22.06 0.58
10WR01*** 21.5 52.15 30.65 0.19 0.06
Including 28.95 31.5 2.55 1.47 0.62
92-27**** 86.48 146.90 60.42 0.85 0.05
* Previously reported April 4, 2011.
** Previously reported Jan.
24, 2011.
*** Previously reported Jan.
12, 2011.
**** Historic diamond drill hole completed in 1992 by Minnova Inc.
The reader is cautioned that 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 an illustration of 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, MSc.,
P.Geol., Qualified Persons as defined by National Instrument 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 COMPANY’S
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.
-About Golden Dawn Minerals-
Golden Dawn Minerals Inc.
is a junior exploration company with a well
positioned portfolio of properties prospective for precious and base metals
in British Columbia, Canada.
If you would like to learn more about us,
please visit [2]www.goldendawnminerals.com.
You can also visit us on
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