Golden Dawn Minerals Property Updates: Greenwood Property, B.C., and Kirkland Lake Property, O.N.admin
Vancouver, October 31, 2013 – Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSX-V: GOM; FRANKFURT: 3G8N) (the "Company" or "Golden Dawn") reports that the Kirkland Lake property is again 100% held by the Company following the relinquishment by Kirkland Lake Precious Metals Ltd. of its option on the property. The Kirkland Lake property is located 25 km southwest of the town of Kirkland Lake, Ontario, Canada. The Company drilled over 4000 meters of diamond drill core on this property during 2008 and 2009, with excellent gold intersections. The Company will take the property to Lease status under Ontario Mineral Regulations and wait for financing opportunities in the junior venture market to improve before further exploration activities are contemplated.
For the May Mac Mine near Greenwood, British Columbia, Canada, the Company recently received a permit to conduct underground exploration. The Company also reports a change of ownership to Golden Dawn Minerals Inc. of the Boundary Falls property containing the permitted May Mac mine, mill and tailings pond. The property was formerly held under an option arrangement.
The Company also recently received a drilling permit for surface drilling on the Wild Rose property. A drill program will focus on the area covering the Wild Rose adit and the multiple high grade gold- copper vein systems. The Boundary Falls property and the contiguous Wild Rose and Tam O’Shanter properties are all situated in south central British Columbia, 3 km on Highway #3 west of the city of Greenwood.
The Company is marketing a convertible debenture (see news release of June 12th, 2013) and has structured the convertible debenture in $5,000 increments versus the $10,000 increments previously announced in the June 12, 2013 News Release. The Company contemplates closing the first tranche of this debenture by the end of November 2013.
On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.
President/ Chief Executive Officer
For further information, please contact:
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS 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.
Posted: October 31st, 2013 under ACCESSWIRE.