Golden Dawn Minerals Inc. Receives Drill Permit for Phoenix Property, Airborne Survey to Confirm Additional Targets
Photo showing Minnie Moore vein outcrop and previous assay results
The Phoenix Multi-Year Area Based permit is for a total of 25 drill sites, with 12 sites approved for this year. Multiple holes can be drilled from each of the sites, so the permit allows for approximately 7,200 meters to be drilled this year out of a total of up to 15,000 metres.
The Phoenix Property is extensively mineralized and covers 29 past producing mines and in excess of 70 mineral showings. Targets for this year are located in the northeast area of the property and include the Minnie Moore and Summit epithermal gold and silver prospects, and nearby gold-copper skarn deposits located northeast of the historic open pit Phoenix copper-gold mine.
Photo showing bladed calcite in epithermal gold-bearing vein from Summit showing.
The Minnie Moore showing is a silver-rich epithermal style breccia vein hosted in limestone. Sulfide content is generally low but can exceed 5% of pyrite, with lesser chalcopyrite, sphalerite, galena, tetrahedrite, and ruby silver. Native gold has been seen in thin section and in hand specimen. In 2017, Golden Dawn reported a check sample result of 1700 g/t silver and 2.68 g/t gold over 1.0 meters for the Minnie Moore (news release dated Oct. 18, 2017).
The Summit showing lies 75 m north of the main R. Bell skarn deposit and historic workings. The Summit is hosted within Brooklyn limestone and consists of discontinuous quartz veins carrying high gold values. Sampling results from 1997 were reported at 30.2 g/t Au over 7.3 meters. In 2017, Golden Dawn reported a check sample result of 85.9 g/t gold over 0.4 meters from the Summit (news release dated Oct. 18, 2017).
The BC Mine is one of several skarn deposits that occur in the northeast area of the Phoenix property where drilling is planned. Historic production at the B.C. Mine occurred 1900-1907, 1916-1918, 1938 when a total of 93,874 tonnes were mined grading 0.3 g/t Au, 71.0 g/t Ag, and 4.4% Cu. Mineralization occurred as massive to semi-massive lenses of chalcopyrite with subordinate pyrrhotite, pyrite and magnetite replacements in the Triassic Brooklyn Group, near the contact of the sharpstone conglomerate on the west (footwall) and a narrow band of marble/limestone on the east (hangingwall). Associated skarn gangue minerals include garnet (most abundant), quartz, calcite, epidote, actinolite and chlorite.
Historic BC Mine (left) and example of copper gold skarn mineralization with malachite (right).
The Phoenix permit is the first to receive final approval from the Ministry of Energy Mines and Low Carbon Innovation (EMLI) out of four permits being processed for Golden Dawn. Three of the four (Phoenix, Golden Crown and Lexington) are existing permits whereas one (Tam O'Shanter) is a new application.
Map of the Greenwood Precious Metal Project areas.
Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.
Technical disclosure in this news release has been approved by Dr. Mathew Ball, P.Geo., President of the Company and a Qualified Person as defined by National Instrument 43-101,
For more details, please see the most recent National Instrument 43-101 Technical Report on the Company's website at www.goldendawnminerals.com.
On behalf of the Board of Directors:
Per: "Christopher R. Anderson"Christopher R. Anderson CEO
For further information, please contact:
Golden Dawn Minerals Inc. - Corporate Communications:
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SOURCE: Golden Dawn Minerals Inc.