Golden Dawn Minerals New GDMRF

RE:RE:RE:RE:RE:RE: Price drop

[louel]

price fluctuations are just the natural process in tandem with the price of Gold Futures.   The progress report shows they are moving in the proper direction.  When the link opens klick the 1D over the chart to see the recent decline.

https://www.investing.com/commodities/gold-streaming-chart

drilling continued in late August at the Golden Crown property, which hosts the Company’s processing plant and tailings facility. Drilling is to verify, infill and extend the known mineral resources.   Fifteen holes have been completed to date. This work is in anticipation of permitting the Golden Crown mine in the second half of 2018.  (Says mine not Mill)

This season, geological personnel have been prospecting numerous mineral showings, to delineate further drill targets to increase mill feed tonnage over the ensuing years.
 
 

" the May Mac mine underground drill program,   holes tested the northwest strike continuation of the Skomac vein system, with mineralized quartz veins intersected in 7 of 8 holes.   

  Previously unknown copper mineralization was intersected in hole BF17-08 between 45.0 and 45.79 metres (0.79m), which contained 0.24% copper.

results indicate the vein system extends significantly beyond the mine workings at least 215m  from the termination of the level 7 drift.   And will conduct follow-up drilling from underground. 
 extracting mill feed from the Lexington mine and processing in our facility are of highest priority.
 

 

The Company has received cost estimates to restart the Company’s Mill,  refurbishment will cost approximately $270,000 and take 3 to 5 weeks to be operable. It is anticipated that work will commence to restart the mill post-dewatering  to coincide with anticipated mill feed from the Lexington.
    
    This is the kind of report that is encouraging.   Instead of chasing properties they appear to be ready to put some boots to work in an attempt to generate revenue.    That's a good thing for anyone invested here if they can increase the resource base.