Sunday 17th December 2017

Resource Clips



Golden Dawn’s Golden Crown gives up 27.2 g/t gold over 0.57 metres, 7.21 g/t over 0.73 metres in southern B.C.

by Greg Klein | December 5, 2017

Another batch of assays shows more high grades from Golden Crown, one of the Greenwood camp past-producers Golden Dawn Minerals TSXV:GOM hopes to revive in southern British Columbia. This program has so far sunk 31 holes totalling 2,954 metres, as drilling continues. Including nine holes released in October, results for 18 reported holes show consistency with previously released intercepts, the company stated. Near-surface drilling targeted massive sulphide veins and adjacent wall rocks, with the most recent highlights including:

Hole GC17-12, King zone

  • 4.99 g/t gold and 0.12% copper over 1.5 metres, starting at 64.38 metres in downhole depth
Golden Dawn’s Golden Crown gives up 27.2 g/t gold over 0.57 metres, 7.21 g/t over 0.73 metres in southern B.C.

A key aspect of Golden Dawn’s plan to
revive Greenwood’s former mines is a
nearby 212-tpd processing facility.

GC17-14, Portal zone

  • 27.2 g/t gold and 0.11% copper over 0.57 metres, starting at 33.88 metres

  • 4.29 g/t gold and 0.07% copper over 1.3 metres, starting at 37.17 metres

GC17-16, Portal zone

  • 7.21 g/t gold and 0.24% copper over 0.73 metres, starting at 27 metres

  • 5.11 g/t gold over 2 metres, starting at 49.5 metres

GC17-18, Southwest zone

  • 41.4 g/t gold, 0.17% copper and 5.9 g/t silver over 0.3 metres, starting at 31.25 metres

True widths weren’t provided.

“The deposit now appears to consist of a field of multiple veins and veinlets, with the main vein structures selected as targets for underground development,” Golden Dawn stated.

Using a 3.5 g/t gold-equivalent cutoff, the 2016 resource shows:

  • indicated: 163,000 tonnes averaging 11.09 g/t gold, 0.56% copper and 11.93 g/t gold-equivalent for 62,500 gold-equivalent ounces

  • inferred: 42,000 tonnes averaging 9.04 g/t gold, 0.43% copper and 9.68 g/t gold-equivalent for 13,100 gold-equivalent ounces

Next year’s plans include increasing and upgrading the resource.

Drilling continues at the project, while the newly acquired JD zone and the three-kilometre trend extending to Golden Crown will see additional drilling next year. One-width intervals of chip samples from JD released in October assayed up to 15.8 g/t gold and averaged 7.4 g/t.

Other 2018 plans for Golden Crown include metallurgical studies as well as permitting for underground mine development and bulk sampling, part of a plan to enter production without de-risking through a feasibility study.

At the nearby Lexington past-producer, meanwhile, Golden Dawn has de-watering nearly complete, with trial mining scheduled to follow next year. That would coincide with wet commissioning at the company’s 212-tpd Greenwood mill, three kilometres from Golden Crown and 17 klicks from Lexington.

Last month Golden Dawn closed an over-subscribed private placement of $2.36 million that followed private placements totalling another $2.3 million that closed in September. Also in November, the company announced negotiations to pick up additional properties.

The current Greenwood portfolio sits about 500 kilometres by highway east of Vancouver.

Read more about Golden Dawn Minerals.

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