| VANCOUVER, Canada, January 13, 2022, Golden Dawn Minerals Inc., (TSX-V: GOM | FRANKFURT: 3G8C | OTC Pink: GDMRD), (“Golden Dawn” or the “Company”), announces that its wholly owned subsidiary, Kettle River Resources Ltd. (Kettle River), is in the final stages of a drill permit for the Tam O’Shanter Property at the Greenwood Precious Metals project in southeastern BC. |
 Claim map for the Tam O’Shanter property located 3km west of Greenwood, BC |
| Kettle River recently received a request from the BC Ministry of Energy, Mines and Low Carbon Innovation (EMLI) for a security bond in the amount of $20,000 for the Tam O’Shanter drill permit The Company anticipates this permit will be in place for the start of the 2022 season. The Tam O’Shanter Multi-Year Area Based permit is for a total of 23 drill sites. Multiple holes can be drilled from each of the sites, so the permit allows for a total of at least 10,350 metres. The Tam O’Shanter Property covers four areas of mineralization of which two are most significant: the Deadwood Zone and the Bengal Zone. An Inferred Mineral Resource was estimated for the Deadwood Zone at 874,000 tonnes grading 0.66 grams per tonne gold (see PEA Technical report by P&E Mining Consultants Inc., effective date May 5, 2017 and filed on SEDAR). |
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| The Deadwood Zone is comprised of a wide zone of intense shearing and silicification encompassing three or more quartz veins. A total of 50 drill holes have been drilled to date on the property, focussed on the Deadwood Zone. Golden Dawn previously completed 2 drilling campaigns in 2010 and 2011. The mineralized zone has been defined over a strike length of approximately 500m and to a depth of 400m. The Bengal Zone is an epithermal gold target comprised of a large zone of epithermal silica flooding, hydrothermal brecciation and widespread alteration within Eocene sedimentary rocks. Only three holes were drilled historically to test the Bengal Zone and although gold and silver results were low, elevated gold values up to 2 grams per tonne gold occur in older rocks to the east that exhibit similar silicification and chalcedonic veining. Other areas of interest include the Tam O’Shanter and Iva Lenore showings, which consist of disseminated pyrite and chalcopyrite mineralization in diorite and adjacent Knob Hill greenstone. Initial drilling is planned to test Au-Cu soil anomalies associated with dioritic intrusive rocks, and around historic workings at the Bengal showing where there is an historic IP chargeability anomaly. Drilling is also being planned to expand the Inferred Mineral Resource along strike and at depth, and to test for parallel zones. Further property-wide exploration will benefit from the results of the airborne VTEM survey completed in 2021. Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate. Technical disclosure in this news release has been approved by Dr. Mathew Ball, P.Geo., President of the Company and a Qualified Person as defined by National Instrument 43-101, For more details, please see the most recent National Instrument 43-101 Technical Report on the Company’s website at www.goldendawnminerals.com. |
| On behalf of the Board of Directors: GOLDEN DAWN MINERALS INC. Per: “Christopher R. Anderson” Christopher R. Anderson Chief Executive Officer For further information, please contact: Golden Dawn Minerals Inc. – Corporate Communications: Tel: 604-488-3900 Email: Office@goldendawnminerals.com |
