🕐19.08.11 - 18:00 Uhr
GOLDEN DAWN ANNOUNCES DRILLING PROGRAM ON WILD ROSE, TAM OSHANTER
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_TSX-V: GOM_
_FRANKFURT EXCHANGE: 3G8_
Golden Dawn Announces New Drilling Program on the_ Wild Rose - Tam O’Shanter
Property, British Columbia, Canada_
Vancouver, August 19th, 2011 – _Golden Dawn Minerals Inc._ (TSX-V: GOM;
FRANKFURT: 3G8), (the “Company” or “Golden Dawn”) is pleased to announce
receipt of its amended 2011 Wild Rose drilling permit from the British
Columbia Ministry of Energy and Mines.
The Company is planning a 10 to 20
hole drilling program to begin on the Wild Rose portion of the Wild Rose –
Tam O’Shanter Property, while a drilling permit application is in progress
for the Tam O’Shanter drilling.
The 2011 drilling campaign area will test a number of targets and is
directed toward a number of goals including expanding the tonnage and
looking for new and higher grade zones associated with the Deadwood Gold
Zone.
The Deadwood Gold Zone contains a recently determined Inferred
Resource of 19.4 million tonnes at an average grade of 0.45 grams per tonne
(g/t) gold for a total of 279,300 ounces of gold (See GOM News Release dated
July 13, 2011).
Additionally, a number of targets have been identified based
upon the 2011 soil sampling program.
For gold, 198 soil samples yielded
greater than 50 parts per billion (ppb) gold, including 29 soil samples
yielding from 100 ppb to a high of 447 ppb gold in the Wild Rose – Tam
O’Shanter area.
For copper, a total of 184 soil samples yielded greater than
200 parts per million (ppm) copper with a total of 34 samples yielding from
500 ppm copper to a high of 1,584 ppm copper.
The soil sample area is roughly 2.4 km by 2.1 km in areal extent.
The
purpose of the soil sampling grid was to identify further potential
extensions of the bulk tonnage Deadwood Gold Zone, along with potential new
higher grade gold-copper zones that might represent more proximal portions
of the hydrothermal system that is interpreted to have generated the
widespread alteration and gold-copper mineralization in the area.
The soil sampling yielded a number of gold targets that require follow-up
drill testing including along strike of the Deadwood Gold Zone.
A weak
coincident arsenic and gold anomaly has been identified along strike of the
Deadwood Zone to the southeast of the Wild Rose vein system.
A significant
gold-copper anomaly has been identified moving north from the Deadwood Gold
Zone up to the northern boundary of the property.
The gold-copper anomaly
with numerous samples yielding greater than 100 ppb gold and 200 ppm copper
is spatially associated with two magnetic anomalies that may be related to
altered and weakly deformed diorite or monzonite intrusions.
In addition,
there are a number of gold and/or copper in soil anomalies associated with
historic induced polarization (IP) chargeability anomalies east of and
removed from the main Deadwood Gold Zone trend.
A number of these anomalies
will be tested during the upcoming 2011 drilling program.
It is anticipated that the drilling contractor will commence mobilization to
the Greenwood area next week.
The drilling program will be supervised by Michael Dufresne, P.Geol., a
Qualified Person as defined by National Instrument 43-101.
Mr.
Dufresne has
reviewed and verified the contents of this release.
On behalf of the Board of Directors:
_GOLDEN DAWN MINERALS INC._
_“Wolf Wiese”_
_______________________________
Wolf Wiese
_Chief Executive Officer_
For Further Information, please contact:
Mike Poulin
_Investor Relations_
_604-630-6793 _
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_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 [3]www.goldendawnminerals.com.
You can also visit us on
Twitter: [4]www.twitter.com/goldendawninc
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