VANCOUVER, Jan. 7 /CNW/ - Golden Dawn Minerals Inc. (GOM: TSX-V) (the
"Company") is pleased to summarize the 2007 exploration program carried out on
the Swan property in the Toodoggone region of north-central British Columbia.
Golden Dawn drilled 914 metres on the Saunders epithermal vein system, and 903
metres on the Som porphyry copper target.
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 metres. The veins are centrally located on Golden Dawn's SWAN
claims, about 10 km north-east of Baker mine and 60 km northwest of the Kemess
South Mine of Northgate Minerals in the Toodoggone district of northern B.C.
The principal target was the Saunders "A" vein that was sampled in 2004
with a 3 metre chip sample across sulphide-bearing epithermal quartz veins
that yielded an assay of 23.4 g/t Au and 518 g/t Ag. The vein was traced 125 m
northward where a grab sample of 1-3 cm-wide crustiform quartz-pyrite veins
yielded assays of 33.6 g/t Ag and 0.04 g/t Au. Drill hole S-07-07 tested this
mineralized outcropping, intersecting a mylonitic quartz-pyrite vein 42 metres
vertically below the mineralized outcropping, that assayed 19.1 g/t Au and
1020 g/t Ag over 0.3 metres. Drill holes S-07-01 and S-07-02 intersected
quartz veins ranging from 10 to 15 g/t Ag and 0.1 to 0.2 g/t Au over widths of
0.7 to 1.0 metres, vertically below the mineralized Saunders "A" showing.
Drill holes S-07-3, S-07-4, S-07-5 and S-07-6 tested veins occurring up
to 200 metres east of Saunders "A" vein, but did not intersect significant
High-grade gold-bearing epithermal veins have been traced along strike
for 125 metres, and further exploration of the Saunders vein system is
warranted in 2008.
As in the Saunders occurrences, several MINFILE showings in the Som area
were investigated with prospecting, geochemical and geophysical surveys. The
porphyry copper potential was recognized and diamond drill hole SOM-07-01 was
located to test a strong IP chargeability high coincident with a gossan and an
adjacent geochemical anomaly, located on a central branch of Saunders Creek,
1.5 km northeast of the Saunders vein system. The hole was collared September
13, 2007 drilled for 453 metres and finished September 23, 2007.
The second drill hole in the campaign, SOM-07-02 was collared September
24, 2007, on the same I.P. chargeability anomaly, 110 metres to the north of
SOM-07-01. This second hole was completed at 450.0 metres on October 3, 2007.
Porphyry-style quartz-sulphide veining, K-feldspar, epidote, chlorite and
anhydrite alteration and copper, molybdenum, zinc and lead mineralization were
observed throughout the drill core, along with potassic, phyllic and
silicified zones and breccia. Assays, from Eco Tech Labs of Kamloops, B.C.
showed dispersed, moderately elevated values in Zn, Cu, Ag and Au but no
coherent intervals of significantly elevated assays.
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