The Golden Crown property is part of the company’s extensive Greenwood Precious Metals Project which covers approximately 15,400 hectares within which are numerous mineralized zones and 34 historic mines including the large-scale historic Phoenix copper-gold mine.
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I’m Kelly Lee for Investmentpitch Media
Golden Dawn Minerals has released assay results from the 2020 trenching program at its Golden Crown property.
The Golden Crown property is part of the company’s extensive Greenwood Precious Metals Project which covers approximately 15,400 hectares within which are numerous mineralized zones and 34 historic mines including the large-scale historic Phoenix copper-gold mine.
The Golden Crown property lies 3 kilometers from the Greenwood Processing Plant and is included in the proposed mine plan outlined in the 2017 Preliminary Economic Analysis along with the Lexington Mine.
Last fall, a total of 22 trenches totalling 165 meters in length, were excavated at the Golden Crown property, to search for extensions of known veins.
The trenches tested previously defined geochemical and geophysical anomalies in the Golden Crown and the on-strike JD mine areas.
A total of 59 rock samples were collected and sent for gold and multi-element analysis, with 25 or 42% of the samples returning significant results of greater than 1.0 gram per tonne gold.
The highest gold values were obtained in the JD area, where values ranged up to 23.4 grams per tonne gold for grab sample V108116.
An average grade of 3.88 grams per tonne gold was obtained over 1.5 meters true width in trench JDT20-06.
In the Golden Crown trenches, moderate gold values were obtained and high copper values of greater than 10,000 parts per million or 1.0% copper were obtained for several samples from trenches GCT-04, 06, 10 and 12.
These trench results, along strike to the west and east of the main King Vein outcrop, suggest potential for extending the known mineralized zones in these areas and are targets for drilling.
Re-analysis will be done for copper in the samples that are above the 10,000 parts per million copper limit.
Of particular interest is trench GCT20-04 from which all the samples with anomalous gold also contained high concentrations of tellurium, ranging from 50.1 to 490 parts per million or 0.05% tellurium.
A property-wide review of tellurium results will be done this year.
The shares are trading at $0.115.
For more information on these and the company’s other projects, please visit www.GoldenDawnMinerals.com, contact Christopher Anderson, CEO, at 604-488-3900 or email office@GoldenDawnMinerals.com.
I’m Kelly Lee for Investmentpitch Media
