VANCOUVER, Sept. 12 /CNW/ - Golden Dawn Minerals Inc. (GOM: TSX-V) (the
"Company") announced today the resumption of drilling on the SOM Porphyry
Target (the "SOM") on its SWAN Property (the "SWAN"). The Company has
completed a seven hole drill program on the Saunders vein on the SWAN. The
drill core has been logged and sampled. All samples have been sent for
analysis to Eco-Tech Labs in Kamloops B.C. Results will be published as they
The SOM showing is located centrally on the SWAN claims of Golden Dawn
Minerals Inc., 40 km northwest of Northgate's Kemess South porphyry
copper-gold mine, and 5 km northeast of the inactive, road-accessible, Baker
Stealth Minerals Ltd. staked the SWAN claims in 2003, carried out
helicopter airborne radiometric/magnetic surveys, sampled known showings, and
carried out prospecting, mapping and soil and rock geochemical surveys.
Recognizing the porphyry copper potential, Golden Dawn in 2004, carried out an
IP survey on two lines over the SOM. Following additional prospecting and
sampling in 2005 and 2006, Stealth optioned the SWAN to Golden Dawn Minerals
Inc. in 2006, and a NI 43-101qualifying technical report was prepared by E.T.
Kimura, P.Geo. in January 2007.
The SOM showing consists of several quartz-pyrite-chalcopyrite-bornite
veins hosted by silicified and sericitized Toodoggone dacitic tuff. A soil
geochemical survey north of the showing yielded assays attaining 49 ppm Cu and
40 ppb Au. Rock geochemical samples of the SOM showing attained assays of 9.5%
Cu, 220 g/t Ag and 0.1 g/t Au. Results from several other chip samples over
0.5 to 1.0 m widths ranged from 0.06 to 0.96% Cu and 0.13 to 51.80 g/t Ag;
gold values were low.
An IP survey in 2004 generated at least four chargeability and
resistivity anomalies on two grid lines 100 and 400 m north of SOM showing.
In recognition of the porphyry copper potential and proximity to several
large porphyry deposits, including Kemess South and North, Pine, Pillar and
Brenda, an expanded IP survey of ten line-km was run by Golden Dawn in 2007,
over the existing grid. Three strong chargeability highs paired with
resistivity lows supported the existence of porphyry-style disseminated
sulphide mineralization. The principal anomaly is coincident with silicified
and gossaned host rocks.
A program of three vertical NQ diamond drill holes that will test the IP
anomalies to depths of at least 300 m will commence on September 14, 2007.
Kenneth M. Dawson, Ph.D., P.Geo. the Qualified Person as defined in
National Instrument 43-101, has read and reviewed this press release for
Golden Dawn Minerals Inc. Dr. Ken Dawson is the project geologist on the
Company's Swan Property exploration program.
ON BEHALF OF THE BOARD
Mr. David Dobson
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE NEITHER
APPROVES NOR DISAPPROVES OF THIS PRESS 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:
For further information: 3929 West 30th Avenue, Vancouver, BC, Canada,
V6S 1X2, P. (604) 221-8936, F. (604) 221-8932