VANCOUVER, BC--(Marketwired - September 06, 2016) - Golden Dawn Minerals Inc., (TSX VENTURE: GOM) (FRANKFURT: 3G8A) (the "Company" or "Golden Dawn") provides the following update on activities at its May Mac silver-gold mine project, part of the ongoing Greenwood Precious Metals Project in south-central British Columbia, Canada. The May Mac mine, in the historic Greenwood mining district, lies 15 kilometres west of the mill currently being acquired from Huakan International Mining Inc.
The company received a permit to rehabilitate, construct underground drill stations, and commence underground drilling in the #7 Adit, and has resumed surface diamond drilling on the Boundary Falls property. Initial drilling will test gold-silver quartz veins exposed in historic workings on the Amigo portion of the property, south of the May Mac mine, including the Glory Hole and No. 1 Tunnel workings.
Drilling on the May Mac mine will test for strike extensions to the upper Skomac vein beyond the No. 7 Level. Further drilling will probe a parallel vein 100 metres below the Skomac vein. This new mineralized parallel vein was discovered in hole #6 of the surface drill program conducted in late 2015 and early 2016.
Permit transfers to the Company of the Huakan assets (Lexington and Golden Crown Mines) are expected toll take 6+ months. During this time interval any mineralized material encountered in the May-Mac Mine can be bulk sampled and fed to the newly acquired Greenwood Processing plant 15 km to the east of the May Mac.
A National Instrument 43-101 Technical Report for the Boundary Falls Property was completed in June 2016 (see report on SEDAR or Company web site). The report recommends continued exploration and development of the May Mac and Amigo Mines. Highlights include the following:
Technical disclosure in this news release has been reviewed and approved by Dr. Mathew Ball, P.Geo., Chief Operating Officer of Golden Dawn Minerals Inc., who is a Qualified Person as defined by National Instrument 43-101.
On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.
Wolf Wiese, Chief Executive Officer
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.
For further information, please contact:
Corporate Communications
604-221-8936
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Renmark Financial Communications Inc.
Barry Mire
[email protected]
Tel.: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com