VANCOUVER, Sept. 2 /CNW/ - Golden Dawn Minerals Inc. (TSX-V: GOM) (the
"Company") announces a progress report on the Company's plan and actions
regarding the Letter of Intent with 6891667 Canada Inc, the current drill
program and further exploration work.
The Company has:
- Signed an LOI with 6891667 Canada Inc. ("Canada Inc") that holds an
exploration claim for a prospective Iron Property 40 km north of
Sault St. Marie, 10 km west of a railway with a power line on the
southern border of the property and a steel mill in Sault St. Marie.
Canada Inc. also has over $900,000 of funds in the treasury. Golden
Dawn expects to complete this acquisition in September 2008.
- Completed four core holes consisting of 500 metres on its Catharine
Link gold property 35 km south of Kirkland Lake, Ontario. Check
assays are being performed on some of the pulps by an alternative
assay lab. The Company expects to release the updated results as
- Conducted ground geophysics on the Catharine Link gold property in
conjunction with the drill program. The geophysical data are being
compiled and interpreted and will assist in locating drill targets
for another phase of drilling.
Golden Dawn Minerals Inc. is a junior exploration company with a
portfolio of properties prospective for precious and base metals located in
British Columbia's Toodogone Region and Ontario, Canada. Golden Dawn's
strategy is to apply modern technologies, advancing each property's potential
with a longer range view of marketing the property to major mining companies.
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. THE TSX VENTURE EXCHANGE NEITHER
APPROVES NOR DISAPPROVES OF THIS PRESS RELEASE
For further information:
For further information: Golden Dawn Minerals Inc., 3929 West 30th
Avenue, Vancouver, BC, Canada, V6S 1X2, P. (604) 221-8936, F. (604) 221-8932