ZURICH, SWITZERLAND / ACCESSWIRE / October 18, 2016 / Today, Golden Dawn Minerals Inc. (TSX.V: GOM) announced the 100% acquisition of Kettle River Resources Ltd. ("KRR"), which makes Golden Dawn the owner of most historic mines and deposits in British Columbia's historic Greenwood Mining District. Golden Dawn has recognized the opportunity for renewed exploration activities to add resources and to consolidate the entire district. Just at the right moment, management took advantage of the gold price pullback and has acquired KRR's mines and land positions to add more value to the company and its shareholders.
KRR discovered a high-grade silver zone with up to 1'044 g/t silver over 6.2 m and a near-by high-grade gold zone with 30.2 g/t gold over 7.3 m and 9.8 g/t gold over 9.8 m. Prior to that, KRR discovered another deposit and delineated a (historic) resource averaging 8.6 g/t gold. These 3 separate zones/deposits alone are projected to become additional sources for feeding Golden Dawn's Greenwood Mill.
Today's announced acquisitions add significant mineral rights and upside potential to the Golden Dawn's 100% owned May Mac, Lexington and Golden Crown Mines, all within a 15 km radius of its 200/440 t/d Greenwood Mill. In early September, Bob Moriarty hit the nail on the head when assessing the value of Golden Dawn's modern processing facility, which is currently being reactivated to start production in early 2017: "The increase in the price of silver and gold has made several other small-scale mines in the Greenwood district economically viable and the company may do toll milling or simply buy out the owners."
The full report can be accessed with the following links:
English (PDF):
http://rockstone-research.com/images/PDF/GoldenDawn6en.pdf
English (web version):
http://rockstone-research.com/index.php/en/research-reports/1880-Golden-Dawn-acquires-several-major-past-producing-mines-and-becomes-largest-land-holder-in-the-Greenwood-District-next-to-Kinross
German (PDF):
http://rockstone-research.com/images/PDF/GoldenDawn6de.pdf
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SOURCE: Rockstone Research
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