InvestmentPitch Media Video Discusses Golden Dawn and its New Drill Program at its Phoenix Property in the Greenwood Precious Metals Project in Southeastern, British Columbia

Rhea-AI Summary

Golden Dawn Minerals (OTCPink:GDMRD) has initiated a drill program at its Phoenix Property in British Columbia's Greenwood Precious Metals project. This program aims to test large anomalies identified in a recent airborne geophysical survey. The Phoenix area contains an extensive land package with historical production, including significant past gold and copper grades from previous drilling. The first drill site targets a 1 km diameter conductivity anomaly, while additional areas focus on magnetic anomalies indicative of mineralization potential. Shares are currently trading at $0.055.

Positive

• Commencement of a drill program targeting significant anomalies.
• Potential for discovery indicated by extensive historical mineralization data.
• Drilling focused on priority targets identified from a geophysical survey.

Negative

• Historical drilling results have not been independently verified.
• Volatility and risks associated with exploration activities.

VANCOUVER, British Columbia, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Golden Dawn Minerals (TSXV:GOM) (OTCPink:GDMRD) (FSE:3G8C), has started a drill program at its Phoenix Property in the Greenwood Precious Metals project in southeastern, British Columbia. Golden Dawn, a near term gold producer, has an extensive land package, located east of Greenwood in southeastern, British Columbia

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Golden Dawn” in the search box.

In addition to the Phoenix and Golden Crown mines, these properties are extensively mineralized and cover 29 past producing mines and more than 70 mineral showings. The Phoenix camp also lies within the northern extension of the Republic graben in northern Washington state, where several epithermal gold deposits and gold-skarn deposits have been developed. The Kinross Gold Buckhorn mine was the last to close in 2017 after producing approximately 1.3 million ounces of gold at an average grade of about 12 g/t gold between 2008 and 2017.

Drilling is being done to test several large anomalies identified from last year’s airborne VTEM geophysical survey. Areas of high conductivity were selected as priority targets.

Magnetic anomalies extending from historically mined skarn copper-gold deposits were selected as secondary targets. The first area to be tested is in the middle of a large, 1 km diameter conductivity anomaly identified in the 2022 VTEM survey, located near the historic Phoenix mine. The resistivity-depth section indicates this anomaly is below 150 meters depth. Similar conductive anomalies located to the east and west are also selected for drilling.

The first site is situated near the Gilt Edge showing, where historic drilling hit zones of mineralization such as 18 metres grading 0.23% copper and 0.30 g/t gold in drill hole DDH GE-2 by Granby Mining Company Ltd. in 1968. In 1992, previous operators intersected 16.5 meters grading 0.50 g/t gold and 0.22% copper. In 2007, Kettle River Resources reported results for 10 surface samples that ranged from 0.18 to 6.06 g/t gold and from 0.12 to 0.99% copper. In 2017, Golden Dawn reported fine disseminations of chalcopyrite, pyrrhotite and pyrite in a micro-diorite intrusion over a length of approximately 15.0 metres. Five of eight chip samples returned significant results, with the average of these five samples being 0.18% copper and 0.87 g/t gold.

The second area of interest is in the northeast area of the Phoenix property, where potential for skarn-type mineralization is indicted by magnetic high anomalies that extend from areas of known mineralization. This area is named “Skarn Corridor” because it is a trend line of copper-gold deposits in skarn altered (calcium-silicate altered) Brooklyn limestone. Target sites have been selected to test a magnetic high that extends southward and is inferred to be a concealed intrusion that could be associated with skarn-related mineralization and/or precious metal vein mineralization.

Management cautions that historical records referred to have been examined but not verified by a Qualified Person and further work is required to verify that historical records referred to in are accurate.

The shares are trading at $0.055. For more information on these and the company’s other projects, please visit www.GoldenDawnMinerals.com, contact Christopher R. Anderson, CEO, at 604-221-8936 or email office@GoldenDawnMinerals.com.

Disclaimer

The information in this Investmentpitch Media Ltd video is for the viewers information only. Golden Dawn has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by Investmentpitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. Investmentpitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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FAQ

What recent activity has Golden Dawn Minerals (GDMRD) announced?

Golden Dawn Minerals has started a drill program at its Phoenix Property in the Greenwood Precious Metals project.

What is the purpose of the drill program at the Phoenix Property?

The drill program aims to test large anomalies identified from an airborne geophysical survey.

How did historical mining activity influence the current drilling program of GDMRD?

The Phoenix area has a history of gold and copper production, providing valuable data for targeting drilling sites.

What is the current trading price of Golden Dawn Minerals shares?

As of now, Golden Dawn Minerals shares are trading at $0.055.