VANCOUVER, British Columbia, September 21, 2022 (GLOBE NEWSWIRE) — Golden Dawn Minerals (TSXV:GOM) (OTCPink:GDMRD) (FSE:3G8C) commences drill program at Greenwood Precious Metals Project’s Phoenix Property Did. Southeastern British Columbia. Short-term gold producer Golden Dawn has a vast land package east of Greenwood in southeastern British Columbia.
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In addition to the Phoenix and Golden Crown mines, these properties are extensively mineralized, covering 29 historical production mines and over 70 mineral indications. Phoenix Camp is also located within the northern extension of the Republic Rift Valley in northern Washington, where several extrahydrothermal gold and gold skarn deposits have been developed. The Kinross Gold Buckhorn Mine last closed in 2017 after producing approximately 1.3 million ounces of gold at an average gold grade of approximately 12 g/t between 2008 and 2017.
Drilling is underway to test some major anomalies identified from last year’s airborne VTEM geophysical survey. Areas of high conductivity were selected as priority targets.
A magnetic anomaly extending from the historically mined skarn copper-gold deposit was chosen as a secondary target. The first area to be tested is in the center of a large 1 km diameter conductivity anomaly identified in the 2022 VTEM survey near the historic Phoenix Mine. The resistivity-depth section shows that this anomaly is less than 150 meters deep. Similar conductive anomalies located to the east and west are also selected for drilling.
The first site was located near the Gilt Edge show where the 18 meter pit DDH GE-2 of 0.23% copper and 0.30 g/t gold was mined in 1968 by Granby Mining Company Ltd. I’m here. In 1992 the former operator crossed 16.5 meters grading 0.50 g/t gold and 0.22% copper. In 2007 Kettle River Resources reported results for 10 surface samples ranging from 0.18 to 6.06 g/t gold and 0.12 to 0.99% copper. In 2017, Golden Dawn reported fine dispersal of chalcopyrite, pyrrhotite, and pyrite in a microdiorite intrusion approximately 15.0 meters long. Five out of eight chip samples returned significant results, and these five samples averaged 0.18% copper and 0.87 g/t gold.
A second region of interest is in the northeastern region of the Phoenix Property, where possible skarn-type mineralization is indicated by high magnetic anomalies extending from regions of known mineralization. The area was named the ‘Skarn Corridor’ because of the trend lines of skarn alteration (calcium silicate alteration) Brooklyn limestone copper-gold deposits. The target site was chosen to test a southward-extending magnetic anticyclone, speculated to be a covert intrusion that may be associated with skarn-related mineralization and/or precious metal vein mineralization. increase.
Management believes that although the historical records referred to have been investigated, they have not been verified by qualified personnel and further work is needed to verify that the historical records referred to are accurate. I am warning you of something.
The stock is trading at $0.055. For more information on these and the company’s other projects, visit his website at: www.GoldenDawnMinerals.comCEO Christopher R. Anderson at 604-221-8936 or email [email protected].
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InvestmentPitch Media video discusses Golden Dawn and its new drill program at the Phoenix property of the Greenwood Precious Metals Project in Southeastern British Columbia, Canadian Business Journal.
Source link InvestmentPitch Media video discusses Golden Dawn and its new drill program at the Phoenix property of the Greenwood Precious Metals Project in Southeastern British Columbia, Canadian Business Journal.