Exploration and Discovery
Golden Dawn Minerals Inc. is a junior resource exploration company with a well-positioned portfolio of properties, prospective for precious and base metals, situated near the historic Greenwood mining district, in British Columbia, Canada.
Golden Dawn’s strategy for 2010-2011 is to focus attention on the two projects in the Greenwood mining district: the Greenwood Project and the Royal Atwood Project. This combined 4,800 Ha land package has already undergone multiple phases of exploration. The company recently launched its drilling program (November 2010), and it is confident that the results will support existing historical data.
The Tam O’Shanter property (1,250 hectare) complements and adjoins on the west two other tracts already held by Golden Dawn Minerals Inc., namely the Wild Rose property (750 hectares), and to the south the Boundary Falls property (1,000 hectares). This contiguous 3,000-hectare land package has undergone multiple phases of exploration during the 1980s, 1990s and early 2000s.
The Wild Rose property (750 hectares) contains two main gold bearing zones; the Wild Rose and Deadwood zones. At the Wild Rose zone, three parallel, north-northwest trending, steeply dipping gold-bearing veins occur both within the Wild Rose fault and in the hanging wall of the fault zone. The veins are typically massive pyrrhotite-pyrite-chalcopyrite veins that average 1 to 2 meters in width, although locally they are quartz veins with lesser pyrrhotite and pyrite, and with minor arsenopyrite. Considerable drilling (and underground exploration in a modern adit ) has been done to test the veins.
The Boundary Falls property (1,000 hectares) located immediately southwest of the town of Greenwood and west of the productive Motherlode gold-copper area demonstrates coincident electromagnetic and magnetic anomalies. These occur in the vicinity of anomalous gold and copper geochemical anomalies within volcanic rocks similar to those hosting the volcanogenic massive sulphides of the Motherlode deposits that yielded 4.2 million tonnes at 0.87 per cent copper and 1.3 grams per tonne gold. A silver-gold mine and operational processing facilities are situated on the upper reaches of this claim block.
Royal Attwood, (1,800 hectares), located southeast of Greenwood, near the town of Grand Forks, and five kilometres south of the historical Phoenix copper-gold mine, shows very extensive soil gold anomalies and stream-sediment gold anomalies reaching 79 parts per million, 11 ppm and 17 ppm in three creeks on the property. Several areas of extensive base metal and gold mineralization have been prospected and trenched. These occurrences provide the background and impetus for drill testing of the strong airborne magnetic and electromagnetic and induced polarization anomalies that lie within the adjacent untested portions of the property.