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Golden Dawn Minerals has successfully closed a non-brokered private placement, issuing 5,000,000 flow-through shares at $0.20 per share, raising $1,000,000. The offering was completed in two tranches, with the first raising $922,500 and the second $77,500. The proceeds will fund exploration on its Greenwood precious metals projects in southeastern British Columbia. Each share comes with a warrant for future purchases at $0.30. All securities are subject to a hold period ending in March 2022.
Golden Dawn Minerals (GDMRD) has announced the mobilization of crews and equipment for diamond drilling at the Lexington Property within the Greenwood Precious Metals project in southeastern British Columbia. Drilling is set to begin shortly, targeting areas with potential to extend mineralized zones. Initial holes will be near the Lexington Mine permit area, with subsequent drilling planned along the No. 7 fault zone, where historic intercepts show significant copper-gold mineralization. Caution is advised as historical records referenced have not been verified by a Qualified Person.
Golden Dawn Minerals has successfully closed a private placement initially announced on August 23, 2021, generating a total of $450,000 from the issuance of 3,000,000 units at $0.15 per unit. The final tranche raised $330,000 from 2,200,000 units. Proceeds will be allocated primarily towards the Lexington project, debt reorganization, and general working capital. The offering is pending final TSX-V approval. CEO Christopher R. Anderson signed off on this announcement.
Golden Dawn Minerals (GDMRD) announced plans for drilling at the Lexington property within its Greenwood Precious Metals project, starting this fall. The project has 25 drill sites permitted, with 14 intended for this season, totaling 11,200 meters. The historic Lexington mine has produced significant gold, silver, and copper, and exploration shows potential for further mineralization beyond the current areas. The strategic location and historical data support expectations for discovering additional gold-copper resources.
Golden Dawn Minerals (GDMRD) announced that drilling will commence on the Golden Crown property at its Greenwood Precious Metals project by mid-September 2021. This follows a delay due to a new Notice of Work submitted to amend permit usage for non-status roads. The drilling will cover 26 sites totalling 3,950 meters, including 10 sites at the JD historic mine to follow up on previous results and test several anomalies at Golden Crown. The company plans further drilling at other areas of the project, pending permit approvals.
Golden Dawn Minerals has announced a non-brokered private placement of 3,000,000 units priced at $0.15 per unit, aiming to raise $450,000. Each unit includes one common share and a purchase warrant for an additional share at $0.35 for 18 months. The first tranche completed raised $120,000 by issuing 800,000 units. Proceeds will support exploration at the Lexington project and cover general working capital. The offering awaits TSX Venture Exchange approval.
Golden Dawn Minerals (OTC PINK:GDMRD) is advancing surface exploration at its Greenwood Precious Metals project in British Columbia, despite challenges from wildfires. The company is permitting 97 drill sites across several properties, allowing for up to 50,000 metres of drilling. Notable plans include:
- 35 drill sites at Golden Crown
- 25 sites at Phoenix
- 14 sites at Lexington
- 10 drill sites at May Mac
- 19 sites at Tam O'Shanter
Golden Dawn Minerals (OTC PINK:GDMRD) plans to initiate refurbishment of its Greenwood Mill in British Columbia, which has remained in care since 2008. The mill has a capacity of 200 tonnes per day and previously processed gold and copper successfully. Key refurbishing tasks include upgrading equipment, completing environmental management plans, and staffing. The company aims to enhance processing capabilities to 400 TPD in future phases. The Greenwood facility is pivotal for utilizing surrounding precious metal deposits.
Golden Dawn Minerals (GDMRD) has reported significant assay results from its trenching program at the Golden Crown property within the Greenwood Precious Metals project, southeastern British Columbia. A total of 22 trenches were excavated, yielding 25 samples with gold values exceeding 1.0 gram per tonne. Notably, a grab sample from the JD area showed gold concentration as high as 23.4 grams per tonne. The results indicate the potential for mineralized extensions and further drilling is planned for 2021. Additionally, the company granted 2,500,000 stock options at an exercise price of $0.15.
