| VANCOUVER, Canada, September 20, 2022, Golden Dawn Minerals Inc., (TSX-V: GOM | FRANKFURT: 3G8C | OTC Pink: GDMRD), (“Golden Dawn” or the “Company”), announces that drilling has started at its Phoenix Property at the Greenwood Precious Metals project in southeastern BC. |
 Photo of diamond drill set up |
| Drilling is being done to test several large anomalies identified from last year’s airborne VTEM geophysical survey. Areas of high conductivity were selected as priority targets. Magnetic anomalies extending from historically mined skarn copper-gold deposits were selected as secondary targets. The first area to be tested is in the middle of a large, 1 km diameter conductivity anomaly identified in the 2022 VTEM survey, located near the historic Phoenix mine (A). The resistivity-depth section indicates this anomaly is below 150 meters depth. Similar conductive anomalies located to the east and west are also selected for drilling (B,C). |
 Image showing Phoenix Property Boundary and Inset Maps |
| The first site is situated near the Gilt Edge showing, where historic drilling hit zones of mineralization such as 18 metres grading 0.23% copper and 0.30 g/t gold in drill hole DDH GE-2 by Granby Mining Company Ltd. in 1968. Previous operators intersected 16.5 meters grading 0.50 g/t gold and 0.22% copper in 1992. In 2007, Kettle River Resources reported results for 10 surface samples that ranged from 0.18 to 6.06 grams per tonne gold and from 0.12 to 0.99% copper. In 2017, Golden Dawn reported fine disseminations of chalcopyrite, pyrrhotite and pyrite in a micro-diorite intrusion over a length of approximately 15.0 metres. Five of eight chip samples returned significant results, with the average of these five samples being 0.18% copper and 0.87 g/t gold (GOM NR dated October 18, 2017). |
 Area 1: VTEM Geophysics Conductivity (TauSF) map. Areas of high conductivity in purple |
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| The second area of interest is in the northeast area of the Phoenix property, where potential for skarn-type mineralization is indicted by magnetic high anomalies that extend from areas of known mineralization. This area is named “Skarn Corridor” because it is a trend line of copper-gold deposits in skarn altered (calcium-silicate altered) Brooklyn limestone. Target sites have been selected to test a magnetic high that extends southward and is inferred to be a concealed intrusion that could be associated with skarn-related mineralization and/or precious metal vein mineralization. |
 Area 2: Total Magnetic Intensity map. Highly magnetic areas are red and purple |
| 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. 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. 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 |
