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Historic copper-gold mining camp
Greenwood BC
VANCOUVER, BC / ACCESSWIRE / September 29, 2021 / Golden Dawn Minerals Inc., (TSXV: GOM) (FRA: 3G8C) (OTC PINK: GDMRF), (“Golden morning glow” or the “society“), announces that it has received the results of its aerial geophysical survey of its Greenwood Precious Metals project in southeastern British Columbia.
“The contractor, Geotech Ltd., reports that numerous geophysical anomalies have been identified in the study area, including conductive zones that do not correlate with magnetic lineaments. These features indicate several high priority targets that were previously undetected and possibly mineralized. Now with drill permits in place, the inclusion of this new data will finalize plans for the drill program in October. ” States: Mr. Christopher R. Anderson CEO
Map of the Greenwood Precious Metals Project properties.
Results have been defined for the Versatile Time Domain Electromagnetic System (VTEM) 2021 and the combined magnetic survey of the historic Phoenix Mine and surrounding areas, including the Golden Crown, Lexington and Tam O’Shanter properties, all of which contain Gold resources.
Map with airlines for the 2021 survey areas.
Golden Dawn will now begin reviewing the results and selecting targets for subsequent soil surveys and surface drilling. The main direction of the exploration program is targeting a large copper-gold-skarn deposit and / or a porphyry-type intrusion-related copper-gold deposit that could be the roots of the world-class copper-gold skarn deposit in Phoenix. The Phoenix Deposit is interpreted as the upper part of a large copper-gold system that has been shifted westward from its roots by the Snowshoe Fault.
The assay results for the Golden Crown, Lexington and Tam O’Shanter properties will be used to guide exploration for expansion of these deposits. The Golden Crown deposit consists of a series of parallel sulphide-rich gold-copper veins and gold soil anomalies extending over an area of 3.5 km by 1 km. The Lexington deposit consists of sulphide-rich gold-copper veins located within the No. 7 Fault Zone, which is a district-scale early stage thrust fault (Jurassic?). There is over 3 miles of strike length along the No. 7 fault zone on the Lexington Property that contains gold-copper mineralization and geochemical anomalies. The Tam O’Shanter property includes the Deadwood deposit, which consists of sub-parallel quartz veins in a wide zone of intense shear and alteration along a 1 km strike length of the Wild Rose Fault, which is also an early stage overthrust fault.
Readers are cautioned that historical records referred to in this press release have been examined, but not verified, by a qualified person. Further work is required to verify that historical records referred to in this press release are accurate.
The technical information in this press release was prepared by Dr. Mathew Ball, P.Geo., Company President and Qualified Person under National Instrument 43-101.
For more details, see the latest National Instrument 43-101 Technical Report on the company’s website at www.goldendawnminerals.com.
On behalf of the board:
GOLDEN DAWN MINERALS INC.
Pro: “Christopher R. Anderson”
Christopher R. Anderson CEO
For more information please contact:
Golden Dawn Minerals Inc.- Corporate Communications: Tel: 604-221-8936
Email: Office@goldendawnminerals.com
Notice Regarding Forward-Looking Statements: This press release contains certain “forward-looking statements” within the meaning of Canadian securities laws that include, among other things, preliminary plans for a consolidation of the company’s shares. While the company believes such statements are reasonable, it cannot guarantee that these expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; They are generally, but not always, represented by the words “expected”, “plan”, “anticipated”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “target” “Identifies,” “objective”, “prospective” and similar expressions or that events or conditions “will”, “would”, “may”, “may”, “could” or “should” or are statements that, By their nature relate to future events, the company advises that forward-looking statements are based on the beliefs, estimates and opinions of the company’s management as of the date of publication and involve a number of risks and uncertainties, and consequently no guarantee can be given that Such statements prove to be correct and actual results and future events could differ materially from those anticipated in such statements except to the extent permitted by applicable securities laws and the policies of the TSX Venture Exchange, the company assumes no obligation to update these forward-looking statements if management’s belief, estimates, or opinions, or other factors, change. Among the factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange will not approve the proposed equity consolidation and that the company may not be able to raise sufficient additional capital to procure to his company. The reader is urged to refer to the company’s reports, which are publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com, for a more complete discussion of these risk factors and their potential impact are. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor is any sale of Company securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including the Securities in the United States of America. The Company’s securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold in the United States or to or for the account or for the benefit of US Individuals (as defined in Regulation S of the 1933 Act) unless they are registered under the 1933 Act and applicable state securities laws or there is an exception to these registration requirements.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SALE OR A SOLICITATION OF AN OFFER BUT A SALE OF THE COMPANY’S SECURITIES IN A JURISDICTION IN WHICH SUCH AN OFFER, A VIEW OR A SALE IS REQUIRED BEFORE REGISTRATION.
Neither the TSX Venture Exchange nor its regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE: Golden Dawn Minerals Inc.
View source version on accesswire.com:
https://www.accesswire.com/666009/Golden-Dawn-Receives-Airborne-Geophysics-Results-Phoenix-Drill-Targets-Now-Being-Identified
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