One of Canada's largest drilling programs
Full version / The modern Greenwood processing plant was built in 2008 and was only in operation for a few months due to adverse circumstances. Now the time seems to be right for Golden Dawn.
Last week, Golden Dawn Minerals Inc. (TSX.V: GOM; Frankfurt: 3G8C) reported on plans to restart its 100% owned Greenwood processing facility ( see here ) for gold-silver-copper operations -Process ore from deposits in southern British Columbia into salable Dor bars and concentrates for smelters.
On the day of the announcement last week, the stock (market value: $ 6 million) woke from its slumber and rose from $ 0.14 to $ 0.21 (+50 %). Yesterday the stock closed at $ 0.155, again offering an attractive price level because:
Today Golden Dawn released the next hammer announcement : The company is planning a huge drill program with several hundred holes and a total length of up to 50,000 meters on its properties, which are located in close proximity to the Greenwood processing facility. There are big signs at Golden Dawn!
Golden Dawn on the home exchange in Canada :
Golden Dawn on the Tradegate exchange in Germany :
The full news from Golden Dawn today (free translation from English) :
Golden Dawn plans to drill 97 wells approved on 5 properties for up to 50,000 meters of drilling
VANCOUVER, Canada, August 10, 2021, Golden Dawn Minerals Inc. (TSX-V: GOM | FRANKFURT: 3G8C | OTC Pink: GDMRD), (" Golden Dawn " or the " Company "), announces that it is with the Surface exploration plans are continuing at the Greenwood Precious Metals project in southeast British Columbia.
"We would also like to express our concern and condolences to all of the local communities that are struggling with the harsh ships and added stress of the fire season. It is a time when we all enjoy our leisure and work activities in and We need to be extra careful about our forests. We are all blessed to share the natural beauty of BC. It is important that we continue to do our best to keep it that way for generations to come. " Chris Anderson CEO Golden Dawn Minerals
Full screen / map of the areas of the Greenwood Precious Metals Project.
The 2021 exploration season was affected by unusually hot and dry forest conditions that led to forest fires. As a result, the company has continued with the Department of Energy, Mining and Low Carbon Innovation (EMLI) required updates to the surface exploration permits on its Greenwood Precious Metals Project.
Permitting work is ongoing for the Golden Crown, Phoenix, Lexington, May Mac and Tam O'Shanter properties. A total of 97 drill sites are currently licensed or are in the process of being licensed on these properties, with multiple holes being drilled from each of these sites sufficient for up to 50,000 meters. Originally 71 locations were proposed, sufficient for up to 256 holes or 30,900 meters. Please see below for details.
At Golden Crown, the Company has approved 35 drilling sites, including 26 drilling sites this year on the JD property and the Golden Crown Mine. The aim of the drilling is to add new mineral resources to the current inventory. Ten priority drill sites (up to 40 holes, 1,200 m) are planned closely spaced to track the results of the surface sampling at JD. The mineralized JD gold zone was previously exposed by trenching for a trend strike length of 200 meters. Seven drill sites (up to 28 holes, 1400 m) are also planned at the Golden Crown Mine to infill and expand known resources as defined in the Company's PEA technical report. Another 9 locations (up to 27 boreholes, 1,350 m) are planned,to test geophysical and geochemical anomalies between the Golden Crown and JD projects.
Full frame / photo of a geologist documenting a historic drill site on Lexington property.
The Phoenix permit applies to a total of 25 wells, 12 of which are earmarked for the first phase (up to 48 wells, 7,200 m). The permit is currently being updated to include the reactivation of existing roads with no status. Destinations for this year include the Minnie Moore and Summit epithermal gold and silver occurrences, and the Gilt Edge and Sylvester K. gold-copper porphyry / skarn occurrences.
The Lexington exploration permit includes surface drilling (25 locations), access roads and geophysical networks in areas surrounding the approved underground gold mine. Phase 1 includes 14 drill sites (up to 56 holes, 11,200 m) designed to trace historical intercepts indicating a possible strike trend expansion of the resource zone to the southeast and northwest, as well as testing parallel zones northeast of the mine.
Full frame / gold mineralized rocks with pyrite-chalcopyrite from the Lexington mine.
The company is currently working on a summary report and data requested by EMLI to document the incidents caused by the previous permit holder. An investigation is also planned to see if American badgers are present.
The May Mac property is currently approved for 10 drill holes located to drill the northeast strike trend extension of the silver-gold polymetallic veins exposed in the mine.
A new permit has been submitted for 19 above-ground drill holes (up to 57 holes, 8,550 meters) and access roads on the Tam O´Shanter property, west of Greenwood, where previous work outlined an inferred mineral resource and targets for epithermal gold mineralization.
The technical information in this press release was prepared by Dr. Mathew Ball, P.Geo., Company President and Qualified Person under National Instrument 43-101.
For further details, please refer to the latest National Instrument 43-101 Technical Report on the company's website at www.goldendawnminerals. com . (Source: English press release from Golden Dawn)
Company details
Golden Dawn Minerals Inc.
Phone: +1 604 221 8936
Email: office@goldendawnminerals.com
www.goldendawnminerals.com
Shares in the market: 42,489,002
Full screen / source
Canada Symbol ( TSX.V ): GOM
Current Price : $ 0.155 CAD (08/09/2021)
Market Capitalization: $ 7M CAD