FRANKFURT EXCHANGE: 3G8
VANCOUVER, March 30 /CNW/ - Golden Dawn Minerals Inc. (GOM-TSX.V, Frankfurt 3G8) (the"Company") on reviewing all aspects of historical production from the Maymac vein on the recently optioned Boundary Falls property, is assessing the possibility of early resumption of production. This will be subject to further exploration confirming and increasing the historical resource within the 3 development levels at the Maymac mine.
Underground drilling and drifting will be aimed at extending known mineralized zones and discovering sufficient additional gold-silver-copper-lead-zinc mineralization to justify the start up of the existing mill located at the entrance of the adit to the Maymac Mine workings.
In addition to the existing Maymac Mine workings, the Boundary Falls property, (1000 ha) located immediately south-west of the town of Greenwood and 5 km south of the Mother Lode Mine gold-copper area, demonstrates electromagnetic and magnetic anomalies derived from a helicopter-borne EM and MAG survey. This coincides with the elevated gold and copper geochemical anomalies located in the vicinity and overlying volcanic rocks similar to those that hosted the volcanogenic massive sulphides of the Mother Lode deposits, which yielded 4.2 million tonnes @ 0.87% copper and 1.3 g /t gold.
These bulk tonnage targets are scheduled to be drill tested parallel to the underground exploration program at the Maymac Mine on the Boundary Falls property. The program is planned for early spring this year, with good road access and a southern exposure of the hillside allowing for an early start.
There are no known mineral resources at the Boundary Falls property including the Maymac Mine, and any statements regarding the potential for production from this property should not be depended upon for investment purposes. Exploration work on the property under the current proposed program will be directed towards establishing a resource for future possible production.
This news release has been reviewed by Stewart Jackson, PhD, P. Geo, and Qualified Person under N.I. 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
GOLDEN DAWN MINERALS INC.
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS 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.
SOURCE Golden Dawn Minerals Inc.
For further information: For further information: GOLDEN DAWN MINERALS INC., 575 1111 WEST HASTINGS STREET, VANCOUVER, BC, V6E 2J3, Telephone: (604) 221-8936, Facsimile: (604) 685-2360