GoldenDawn Minerals Inc. (OTC: GDMRF) (TSX-V: GOM) is a Canadian based resource exploration company, which focuses on acquisition, exploration and development of mineral properties. Golden Dawn holds interests in resource properties in British Columbia. On January 16th Golden Dawn Minerals announced updated results from 2016 underground drilling, and revised results for one surface step-out hole at its 100% owned May Mac mine.
Today the company announced that it has completed of a National Instrument 43-101 Report on the Greenwood Area Property, which is compiled from the extensive library of exploration data assembled by Kettle River on the Greenwood Mining District.
Golden Dawn is in a midst of acquiring the property as part of the buyout of the acquisition of Kettle River Resources Ltd., a wholly owned subsidiary of New Nadina Explorations Limited. Golden Dawn and New Nadina Explorations Limited signed a Letter of Intent, according to which, Golden Dawn allowed to own Kettle River 100%, including Greenwood Area Properties (GAP) and all related assets.
The company revealed, “The Greenwood Area Property lies in southern B.C. near Provincial Highway 3 between Rock Creek to the west and Grand Forks to the east. It lies in the Boundary Falls area, of the Greenwood Mining Division, to the South, East and West of the City of Greenwood. The Property is comprised of 57 Crown Granted claims with sub-surface mineral rights covering 814.3 hectares, 24 Crown Granted claims with surface and sub-surface rights covering 277.4 hectares, and 51 mineral tenure claims with subsurface rights covering 10,263 hectares. The area covered by the various claim types exceeds 11,000 hectares.
This land package has an abundance of mineral prospects, encompassing 29 historical past producing mines and 49 documented mineral showings. Included is the historic Phoenix mine which produced nearly 1 million ounces of gold and 235,700 tonnes of copper from a total of 21 million tonnes mined from 1900-1919 and 1956-1978.”