The announced 50,000m drill program will commence directly at 4,000m in the previously producing Golden Crown and JD mines
One of Canada's largest drilling programs starts!
Gold price rises sharply: perfect framework for Golden Dawn Minerals Inc.
Golden Dawn Minerals Inc. (TSX.V: GOM / Frankfurt: 3G8C / WKN: A2PM22) announced today in a press release that the company is starting a huge drill program up to 50,000 meters in length. This equates to several hundred drill holes on numerous Golden Dawn properties in southern British Columbia, Canada. A t the beginning of September to the first holes on the properties Golden Crown and JD take place, which are both located in close proximity to Greenwood-processing system, the Golden Dawn also has to 100%.
In early August , Golden Dawn announced the long-awaited news that it was bringing its Greenwood processing facility back to production. Since then, the share has been in a new upward trend. With currently only 44 million shares in the market and a share price of $ 0.205, the stock market valuation is $ 9 million CAD.
What is worth waiting for!
The time finally seems to be right for Golden Dawn and its shareholders. Little has been heard of Golden Dawn for the past few years, which has caused the share price to correct sharply. But now the "Sleeping Beauty" is over and the share is performing strongly again because it is fundamentally progressing - and with huge steps in the right direction. A very positive news flow is on the horizon!
The key to success: The Greenwood processing plant
Full screen / Golden Dawn Minerals Inc.'s Greenwood processing facility
• This little-used, fully equipped processing plant, which also includes a 400,000-ton tailings pond, was built in 2007 and in 2008 was only in operation for 9 months.
• It is a modern processing plant with a processing capacity of 212 t ore / day (72,000 t / year), which will be doubled to 424 t / day (144,000 t / year) through the planned addition of a second rock mill and modifications to the existing flotation circuit .
• With a capacity of 144,000 t / year and assuming an average gold content of 9 g / t (conservatively estimated), approx. 1.3 million grams of gold are produced annually with a current sales value of $ 96 million CAD to have. However, the gold grades can also be significantly higher, as the surrounding properties of Golden Dawn have already shown in the past to be very highly mineralized with gold and copper. The upcoming drill programs are expected to identify the highest grade deposits for subsequent processing at the Greenwood facility.
• In addition , an agreement with Ximen Mining Corp. conceivable in the Greenwood facility to process the ore from Ximens Kenville underground mine, where the grades are in the range of 15 g / t gold , which could produce around 70,000 ounces of gold annually with a sales value of around $ 160 million CAD .
Insider is buying Golden Dawn shares en masse
• Christopher Anderson, the CEO of Ximen, is also the CEO of Golden Dawn.
• As announced yesterday , Mr. Anderson purchased a total of 1.91 million shares of Golden Dawn between July 2 and August 19, 2021 . This increased his position to a total of 9.11 million shares , which means he owns 20.5% of all issued shares of Golden Dawn.
• In addition, Mr. Anderson also has 6.6 million stock purchase rights ("warrants") which entitle him to own 35.3% of all of Golden Dawn's securities on a fully diluted basis .
• You can't get more skin-in-the-game ! He will already know why he recently bought so many shares in Golden Dawn and further expanded his position as the largest shareholder.