VANCOUVER, Oct. 4 /CNW/ - Golden Dawn Minerals Inc. (GOM: TSX-V) (the
"Company") announced today that the Saunders vein system, known from four B.C.
MINFILE occurrences along a western branch of Saunders Creek, and previously
explored by surface sampling, geochemical and I.P. surveys, was explored by
seven drill holes for a total of 914 m. The veins are centrally located on the
SWAN claims, about 10 km northeast of Baker mine in the Toodoggone district of
The principal target was the Saunders "A" vein that was sampled in 2004
with a 3-m chip sample across sulphide-bearing epithermal quartz veins that
yielded an assay of 23.4 g/t Au and 518 g/t Ag. Assays from other samples
ranged from 0.03 to 6.53 g/t Au. The vein was traced 125 m northward where a
grab sample of 1-3 cm-wide crustiform quartz-pyrite veins yielded assays of
0.04 g/t Au and 33.6 g/t Ag. Drill hole S-07-07 tested this mineralized
outcropping, intersecting a mylonitic quartz-pyrite vein 42 m vertically below
the mineralized outcropping, that assayed 19.1 g/t Au and 1020 g/t Ag over
0.3 m. Drill holes S-07-01 and -02 intersected quartz veins ranging from and
0.1 to 0.2 g/t Au and 10 to 15 g/t Ag over widths of 0.7 to 1.0 m., vertically
below the mineralized Saunders "A" showing.
Drill holes S-07-3, 4, 5 and 6 tested veins occurring up to 200 m east of
Saunders "A" vein, but did not intersect significant gold values.
Gold-bearing epithermal veins have been traced along strike for 125 m,
and further exploration of the Saunders vein system is warranted in 2008.
The second drill hole on the SOM porphyry copper anomaly was completed on
October 3, 2007 at 450 m. Like drill hole SOM-07-01 located 110 m to the
south, the hole tested a strong I.P. chargeability anomaly located on a middle
branch of Saunders Creek on the SWAN claims.
Porphyry-style quartz-sulphide veins, potassic, phyllic and silicified
zones and breccia were intersected throughout the drill hole. Assays from Eco
Tech Labs of Kamloops, B.C. are pending. The porphyry copper potential of the
SOM and adjacent showings will be explored further in 2008.
The Qualified Person for the SWAN project, and author of this news
release is Kenneth M. Dawson, Ph.D., P.Geo. Dr. Dawson has worked in the
Toodoggone region over a period of thirty years.
On Behalf of the Board of Directors,
Golden Dawn Minerals Inc.
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: GOLDEN DAWN MINERALS INC., 3929 WEST 30 AVENUE,
VANCOUVER, BC, V6S 1X2, Telephone: (604) 221-8936, Facsimile: (604) 221-8932