Announcement • Oct 05
Golden Dawn Minerals Inc. Announces Board and Management Resignations Golden Dawn Minerals Inc. announced that the company reports that, after considering the outcome of the enforcement action by its senior secured creditor, RIVI Opportunity Fund LP (RIVI), including the court approval of the appointment of a receiver or receiver-manager of the Company's assets, all members of the Company's board and management have tendered resignations effective immediately. Announcement • Sep 29
Golden Dawn Minerals Inc. Announces Senior Secured Creditor Awarded Judgment Golden Dawn Minerals Inc. reports that the enforcement action by its senior secured creditor, RIVI Opportunity Fund LP ("RIVI") has resulted in RIVI being granted an order by the British Columbia Supreme Court (Vancouver Registry No. VLC-S-S-232758) against the Company and its subsidiaries, including the award of a judgment in the amount of USD 4,470,913.54 as of March 31, 2023 (plus interest) and approval of the appointment of a receiver or receiver-manager of all of the Company's assets, undertakings and properties. The Company regrets that was not successful in its efforts to achieve an agreement with RIVI on a renewed and extended forbearance agreement. Having exhausted its available resources, and pending further direction from the Company's board of directors, management has suspended business operations. New Risk • Aug 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$322k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$322k free cash flow). Share price has been highly volatile over the past 3 months (42% average weekly change). Negative equity (-CA$13m). Revenue is less than US$1m. Market cap is less than US$10m (CA$757.0k market cap, or US$567.3k). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). Announcement • Feb 09
Canxgold Mining Corp. announced that it expects to receive CAD 0.45 million in funding Canxgold Mining Corp. announced a non-brokered private placement of up to 30,000,000 units at a price of CAD 0.015 per unit for gross proceeds of CAD 450,000 on February 8, 2023. The units will comprise of one common share and a full share purchase warrant, which may be exercised for a period of five years at a price of CAD 0.05 per share. Finder's fee may be paid to eligible finders, in accordance with TSX Venture Exchange policies. All securities issued pursuant to the transaction will be subject to a hold period of four months and one day from the date of closing. The transaction and payment of a finder's fee are subject to approval by the TSX-V. Directors, officers or other insiders of the Company may participate in the transaction. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. President, CEO & Director Christopher Anderson was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 10
Canxgold Mining Corp. announced that it has received CAD 0.32 million in funding On November 9, 2022, Canxgold Mining Corp. closed the transaction. The company has amended the terms of the transaction. The company has issued 4,000,000 flow through shares at a price of CAD 0.08 per unit for gross proceeds of CAD 320,000. No finders fees have been paid on this placement. All securities issued in connection with the offering will be subject to a hold period expiring on March 5, 2023. The closing of the transaction is subject to final TSX-V approval. Announcement • Oct 28
Canxgold Mining Corp. Announces its 2022 Drilling Program Completes At its Phoenix Property CanXGold Mining Corp. announced that its 2022 drilling program is now completed at its Phoenix Property, part of the Greenwood Precious Metals project in southeastern BC. CanXGold's third diamond drill hole is now complete. This hole targeted a large conductive anomaly detected by the 2022 airborne geophysical survey, located 2 kilometers west of the historic Phoenix open pit mine. The hole was collared over the eastern boundary of the anomaly and drilled to the west to a depth of 303.89 meters depth at an inclination of 55 degrees, for an effective vertical penetration of 248.9 meters. Depth to the top of the anomalous conductivity was estimated at 150 meters so the hole penetrated the anomaly. The bedrock intersected this hole consists of Paleozoic Knob Hill Complex metasedimentary and metavolcanic strata. Metasedimentary rocks include chert and graphitic argillite. Local disseminated pyrite was observed. The conductive anomaly is attributed to graphite in the argillaceous sections. Announcement • Oct 12
CanXGold Mining Commences Drilling Hole #3 Testing Conductive Anomalies CanXGold Mining Corp. announces that the third drill hole is now being started at its Phoenix Property, part of the Greenwood Precious Metals project in southeastern BC. CanXGold's third diamond drill hole is now underway. This hole is targeting a large conductive anomaly detected by the 2022 airborne geophysical survey, located 2 kilometers west of the historic Phoenix open pit mine. Depth to the top of the anomalous conductivity is approximately 150 meters, based on resistivity-depth sections. The bedrock in this area consists of Paleozoic Knob Hill Complex metasedimentary and metavolcanic strata. The hole will be drilled to a minimum depth of 250 meters. The anomaly being tested by hole 3 is a northeast-trending ovoid feature measuring 1.4 x 0.9 kilometers. Its western limit coincides with a conductive anomaly identified on the edge of a previous 2008 airborne survey (Aeroquest Snowshoe Project). Although the entire anomaly was not surveyed at that time due to claim ownership, it was classified as a high priority target for follow-up drilling. 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. Announcement • Oct 08
CanXGold Mining Completed Hole #2 and is Continuing to Drill Test Conductive and Magnetic and Anomalies From 2022 Airborne Survey Greenwood BC CanXGold Mining Corp. announced that the second drill hole has now been completed at its Phoenix Property, part of the Greenwood Precious Metals project in southeastern BC. CanXGold's second hole of the program has now been completed at 328 meters depth. This hole targeted a large conductive anomaly and a coincident magnetic anomaly detected by the 2022 airborne geophysical survey, located 2 kilometers east of the historic Phoenix open pit mine. Depth to the top of the anomalous conductivity is approximately 150 meters, based on resistivity-depth sections. The hole cored Mesozoic Bonanza Group sedimentary strata (sharpstone conglomerate with intervals of limestone), with hematite and epidote alteration and local copper sulphide (chalcopyrite) mineralization. The Bonanza Group overlies Paleozoic Knob Hill Complex metasedimentary and metavolcanic strata but the contact between the two groups is below the geophysical target depth. Announcement • Oct 04
Canxgold Mining Corp Targeting BC's Next Major Copper Deposit CanXGold Mining Corp. announced that the first drill hole has been completed at its Phoenix Property, part of the Greenwood Precious Metals project in southeastern BC. The first drill hole targeted a large, 1 km diameter conductivity anomaly identified in the 2022 VTEM survey, located north of the historic Phoenix open pit mine. The hole was drilled to 337 meters depth. It penetrated the base of the Mesozoic Bonanza Group volcanic rocks and limestone at 141 meters and passed into the Paleozoic Knob Hill Complex. Trachyte dikes and/or sills ranging from 1.5 to 4.0 meters in core length were encountered between 65 and 140 meters within the Bonanza Group. The contact between the Mesozoic and Paleozoic units in hole 1 is marked by a deformation zone from 136.5 to 165 meters. The zone is characterized by brecciated carbonaceous limestone grading to foliated brecciated limestone and then to foliated and brecciated black to grey chert and argillite with local limestone lenses. Foliated rocks are carbonaceous and locally graphitic. The deformation zone marks the Snowshoe Fault. It is intruded by undeformed trachyte that is Tertiary in age. The hole encountered disseminated pyrite in propylitic altered (chlorite-epidote-calcite) Bonanza volcanic rocks, and pyrite veinlets and seams in the underlying Knob Hill units at the depth of the anomaly. The next hole to be drilled will target a second anomaly (conductivity and magnetic) detected by the 2022 airborne geophysical survey. The anomalous area is located about 2 kilometers east and a bit north from the historic Phoenix open pit mine. Announcement • Oct 02
Canxgold Mining Corp. announced that it expects to receive CAD 2.35 million in funding Golden Dawn Minerals Inc. announced a non-brokered private placement of 30,000,000 units at a price of CAD 0.025 per unit for gross proceeds of CAD 750,000 and up to 20,000,000 flow-through units at a price of CAD 0.08 per unit for gross proceeds of CAD 1,600,000; for an aggregate gross proceeds of CAD 2,350,000 on September 30, 2022. The transaction may include participation from directors, officers or other insiders of the company. Each unit will comprise of one common share and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at the price of CAD 0.05 per share for 60 months after closing. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of CAD 0.10 per share for a period of 10 consecutive days. Each flow-through unit will comprise of one flow-through common share and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 60 months from the date of issue, one additional non-flow-through common share at an exercise price of CAD 0.10 per share. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of CAD 0.15 per share for a period of 10 consecutive days. A finder's fee may be paid to eligible finders in accordance with the TSX-V policies. All securities issued will be subject to a hold period of four months and one day from the date of closing. The transaction and payment of finders' fees are both subject to approval by the TSX-V. Announcement • Sep 23
Canxgold Mining Corp. Announces Drilling Is Underway At Its Phoenix Property At the Greenwood Precious Metals Project in Southeastern Bc CanXGold Mining Corp. announced that drilling is underway at its Phoenix Property at the Greenwood Precious Metals project in southeastern BC. The Company's Phoenix property covers a total area of approximately 9,817 hectares of extensively mineralized ground with 29 past producing mines, the largest of which is the former Phoenix copper-gold mine. Underground mining began at Phoenix in 1900 and attained a peak delivery in 1913 of more than a million tonnes of ore. Labour unrest in the Crowsnest Coalfield indirectly forced closure of the Grand Forks smelter and the mines in 1919. Mining by open pit was re-started at Phoenix in 1959 at a rate of 2,750 tonnes per day from 1972 until closure in 1976. Total production from Phoenix is documented as 26,956,525 tonnes of ore containing 971,756 ounces gold (30,225 kg); 6,174,712 ounces silver (192,055 kg) and 230,050 tonnes of copper (BC MEMPR Paper 1986-2). The Phoenix deposit was mined from surface to about 140 meters depth. This depth corresponds to the base of Mesozoic strata, which overlie older Paleozoic strata. The Phoenix deposit is stratabound and confined to the Mesozoic rocks. As such, very little exploration was done to search for mineralization in the Paleozoic rocks that lie beneath Phoenix and the possible source or feeder to the Phoenix deposit has never been found. If present, it is anticipated that the style of mineralization would be very different than that developed in the Phoenix mine. The Phoenix deposit is part of a skarn-type deposit formed by replacement of carbonate host rocks. Similar carbonate rocks are not common in the Paleozoic strata, so it is unlikely that skarn-type mineralization would be found in these rocks. An example of mineralization in Paleozoic rocks is the Golden Crown deposit, a gold-copper sulphide vein system located 2 to 3 km southeast of Phoenix. The first drill hole is targeting the middle of a large, 1 km diameter conductivity anomaly identified in the 2022 VTEM survey, located near the historic Phoenix mine. The target zone lies below 160 meters depth. Drilling is progressing and the hole is now just entering the target area. Announcement • Sep 21
Golden Dawn Commences Drilling on the Phoenix Copper Gold Mine Golden Dawn Minerals Inc. announced that drilling has started at its Phoenix Property at the Greenwood Precious Metals project in southeastern BC.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. 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. 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. Announcement • Jun 11
Golden Dawn Minerals Inc. announced that it has received CAD 0.2325 million in funding Golden Dawn Minerals Inc. announced closing of financing for gross proceeds of CAD232,500. The non-brokered private placement consisted of 3.1 million units at a price of CAD0.075 cents per unit. Each unit consists of one common share and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 36 months from the date of issue, one additional common share of the issuer at an exercise price of CAD0.1 cents per share. The hold expiry date for the placement is Oct. 11, 2022. No finders' fees were paid for this placement. The closing of the private placement financing is subject to final TSX Venture Exchange approval. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. President, CEO & Director Christopher Anderson was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. President, CEO & Director Christopher Anderson was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Feb 26
Golden Dawn Minerals Successfully Intersects Mineralization in All Holes Completed At the Lexington Property in the Greenwood Precious Metals Project in Southeastern British Columbia Golden Dawn Minerals has successfully intersected mineralization in all holes completed at the Lexington property in the Greenwood Precious Metals project in southeastern British Columbia. In addition to the Lexington property, Golden Dawn has an extensive land package, located east of Greenwood in southeastern, British Columbia, which includes numerous past producing mines and the fully permitted Greenwood Mill that was built in 2007. For more information. The video is available for viewing on InvestmentPitch.com and on YouTube. A total of 612.9 meters were drilled in 5 holes last fall, testing an area approximately 450 meters northwest of the known resource, which includes 96,300 gold equivalent ounces in the Measured and Indicated categories and 2,300 gold equivalent ounces in the Inferred category. Geological logging was completed in December with core sampling completed in January and assays currently pending. The drilling targeted the same porphyry-serpentinite contact zone that hosts mineralization in the Lexington deposit. All of the holes hit pyrite +/- chalcopyrite mineralization, including long intervals of disseminated and veinlet-hosted mineralization in the overlying Lexington porphyry, and massive sulphide lenses at the base of the porphyry and in the underlying serpentinite. A well-mineralized quartz vein was also intersected in one hole, containing pyrite, chalcopyrite and tetrahedrite. Hole LEX21-01 intersected veinlet-hosted and disseminated mineralization from 40.29 to 184.02 meters in the Lexington porphyry unit, along with two massive sulphide lenses of 0.58 meters and 0.85 meters of core lengths within the lower serpentinite unit. The porphyry-style mineralization consists of 2 to 5% of disseminated, fracture and veinlet hosted pyrite with up to 2% local chalcopyrite in varying abundance over the entire 143.73-meter interval. Massive sulphide lenses were intersected from 184.02 to 184.60 and from 186.75 to 187.60 meters consisting of pyrite and 5 to 10% chalcopyrite. Hole LEX21-02 also intersected porphyry-style disseminated mineralization from 31.05 to 160.02 meters in the Lexington porphyry unit, along with one massive sulphide lens of 0.43-meter core length within the lower serpentinite unit. Hole LEX21-03 intersected porphyry-style disseminated mineralization from 21.14 to 89.15 meters in the Lexington porphyry unit, along with two massive sulphide lenses of 0.30 and 0.47-meter core lengths within the lower serpentinite unit. Hole LEX21-04 intersected porphyry-style disseminated pyrite and chalcopyrite mineralization in two intervals of 0.3 and 0.73- meter core lengths within the lower serpentinite unit. Hole LEX21-05 intersected a mineralized quartz vein of 1.76 meters in core length, along with three semi-massive pyrite lenses of 1.6, 0.5 and 0.3- meters in core lengths within the lower serpentinite unit. The quartz-carbonate vein contains 20% sulphide minerals, including tetrahedrite, pyrite and chalcopyrite. Golden Dawn is very encouraged about the mineralization encountered in the drill holes because it shows there is much more mineralization to evaluate outside of the known Lexington deposit. Sulphide mineralization is present 450 meters from the known deposit and is open along strike to the northwest. The long intervals of veinlet-hosted pyrite-chalcopyrite mineralization that were intersected potential for a large, disseminated-style gold deposit. A new paradigm for exploration of the Lexington property is now apparent; exploration can be focussed on a large-tonnage, low-grade gold deposit. Lexington has a Multi-Year Area Based permit for a total of 25 drill sites, from which multiple holes can be drilled from each of the sites, so the permit allows for approximately 20,000 meters, with only 612 meters completed in these first 5 holes. Over at the company’s Phoenix area, the company has an exploration permit in place that includes trenching and drilling for a total of 25 drill sites. An exploration permit is also in place for the Golden Crown property for a total of 35 drill sites. Multiple holes can be drilled from each of these 2 sites, so the current permits allow for a total of up to approximately 21,000 meters. Other projects are in the permitting stages so investors can expect a steady flow of assay results. Announcement • Feb 24
Golden Dawn Minerals Inc. Intersects New Mineralization at Lexington, Greenwood BC Golden Dawn Minerals Inc. announced that drilling was successful in intersecting mineralization in all holes completed at the Lexington property in the Greenwood Precious Metals project, southeastern BC. The new drill holes tested an area approximately 450 meters northwest of the known resource. A total of 612.9 meters were drilled in five holes last fall; geological logging was completed in December, and core sampling was completed in January. Samples were submitted to ALS labs in North Vancouver and assays are pending. The drilling targeted the same porphyry-serpentinite contact zone that hosts mineralization in the Lexington deposit. All of the holes hit pyrite +/- chalcopyrite mineralization, including long intervals of disseminated and veinlet-hosted mineralization in the overlying Lexington porphyry, and massive sulphide lenses at the base of the porphyry and in the underlying serpentinite. A well- mineralized quartz vein was also intersected in one hole, containing pyrite, chalcopyrite and tetrahedrite. The Company is very encouraged about the mineralization encountered in the drill holes because it shows there is much more mineralization to evaluate outside of the known Lexington deposit. Sulphide mineralization is present 450 meters from the known deposit and is open along strike to the northwest. The long intervals of veinlet-hosted pyrite-chalcopyrite mineralization that were intersected potential for a large, disseminated-style gold deposit. A new paradigm for exploration of the Lexington property is now apparent; exploration can be focussed on a large-tonnage, low- grade gold deposit. Hole LEX21-01 intersected veinlet-hosted and disseminated mineralization from 40.29 to 184.02 meters (143.73 m) in the Lexington porphyry unit, then intersected two massive sulphide lenses (0.58 m and 0.85 m core lengths) within the lower serpentinite unit. The porphyry-style mineralization consists of disseminated, fracture- and veinlet-hosted pyrite (2-5%) with local chalcopyrite (up to 2%) in varying abundance over the entire 143.73 meter interval. Massive sulphide lenses were intersected at 184.02-184.60 and 186.75 -187.60 meters and consist of pyrite and 5-10% chalcopyrite. Hole LEX21-02 also intersected porphyry-style disseminated mineralization from 31.05 to 160.02 meters (128.97 m) in the Lexington porphyry unit, then intersected one massive sulphide (pyrite) lens (0.43 m core length) within the lower serpentinite unit. Hole LEX21-03 intersected porphyry-style disseminated mineralization from 21.14 to 89.15 meters (68.01 m) in the Lexington porphyry unit, then intersected two massive sulphide lenses(0.30 and 0.47 m core lengths) within the lower serpentinite unit. Hole LEX21-04 intersected porphyry-style disseminated pyrite and chalcopyrite mineralization in two intervals (0.3 and 0.73 m core lengths) within the lower serpentinite unit. Hole LEX21-05 intersected a mineralized quartz vein (1.76 m core length) and then three semi- massive pyrite lenses (1.6, 0.5 and 0.31 m core lengths) within the lower serpentinite unit. Thequartz-carbonate vein contains 20% sulphide minerals, including tetrahedrite, pyrite and chalcopyrite. Announcement • Feb 19
Golden Dawn Minerals Inc. announced that it has received CAD 0.35 million in funding On February 18, 2022, Golden Dawn Minerals Inc. closed the transaction. All securities issued pursuant to the offering are subject to a statutory hold period ending June 19, 2022. No finders’ fees were paid for this placement. The closing of the private placement financing is subject to final TSX-V approval. Recent Insider Transactions • Feb 18
President recently bought CA$55k worth of stock On the 11th of February, Christopher Anderson bought around 367k shares on-market at roughly CA$0.15 per share. This was the largest purchase by an insider in the last 3 months. Christopher has been a buyer over the last 12 months, purchasing a net total of CA$218k worth in shares. Announcement • Feb 16
Golden Dawn Minerals Inc. announced that it expects to receive CAD 0.35 million in funding Golden Dawn Minerals Inc. announced a non-brokered private placement of 2,333,333 units at a price of CAD 0.15 per unit for gross proceeds of CAD 350,000 on February 14, 2022. The transaction may include participation from directors, officers or other insiders of the company. Each unit will comprise of one common share and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at the price of CAD 0.30 per share for 18 months after closing. A finder's fee may be paid to eligible finders in accordance with the TSX-V policies. All securities issued will be subject to a hold period of four months and one day from the date of closing. The transaction is subject to approval by the TSX-V. Announcement • Feb 09
Golden Dawn Minerals Inc. Completes an Initial Review and Target Selection Based on the VTEM Geophysical Survey of the Phoenix and Golden Crown Properties At the Greenwood Precious Metals Project in Southeastern BC Golden Dawn Minerals Inc. announced that it has completed an initial review and target selection based on the VTEM geophysical survey of the Phoenix and Golden Crown Properties at the Greenwood Precious Metals project in southeastern BC. Golden Dawn recently completed a review of the results from the helicopter-borne VTEMTM survey flown over the Phoenix and adjacent Golden Crown properties, located east of Greenwood in southeastern BC. The main purpose of the survey was to identify conductive areas to target a major copper-gold skarn deposit and/or a porphyry-type copper-gold deposit. In addition to the Phoenix and Golden Crown mines, these properties are extensively mineralized and cover 29 past producing mines and more than 70 mineral showings. The Phoenix camp also lies within the northern extension of the Republic graben in northern Washington state, where several epithermal gold deposits and gold-skarn deposits have been developed. The Buckhorn mine (Kinross) was the last to close in 2017 after producing approximately 1.3 million ounces of gold at an average grade of about 12 g/t gold between 2008 and 2017. SURVEY RESULTS: The magnetic and electromagnetic survey results were investigated considering the bedrock geology and distribution and styles of known mineral occurrences. Magnetic results (above image) show strongly magnetic areas corresponding to extensions of outcropping intrusive rocks of the Nelson plutonic suite and ultramafic rocks of the Knob Hill complex. Clusters of mineral deposits are recognized that appear to be related to interpreted margins of the Nelson plutonic suite (Northeast and Greenwood clusters) and a structural zone extending northwest from gabbro and ultramafic rocks of the Knob Hill complex (Golden Crown cluster). The Phoenix cluster surrounds the Phoenix mine open pit and is not clearly related to any strongly magnetic body. Extending west of Phoenix is an east-west trending zone of moderate to highly magnetic rocks that might signify intrusive rocks at depth. A highly magnetic area located east of the Phoenix correlates with ultramafic rocks. Target areas were defined based on conductive high areas. Target areas 1, 2, 3 and 4 define an easterly trending arc with a center that lies just north of the Phoenix open pit. These areas may represent bedrock mineralization related to blind intrusions and are selected as priority for follow-up exploration. Follow-up work will include field examinations and permitting new sites, followed by ground EM and /or IP geophysics, possible trenching, and diamond drilling. Target area 5 on the Golden Crown property and will also require follow-up ground investigation. An exploration permit is currently in place for the Phoenix area that includes trenching and drilling from a total of 25 drill sites. An exploration permit is also in place for the Golden Crown property for a total of 35 drill sites. Multiple holes can be drilled from each of the sites, so the current permits allow for a total of up to approximately 21,000 metres. Announcement • Sep 29
Golden Dawn Minerals Inc. announced that it expects to receive CAD 0.2 million in funding Golden Dawn Minerals Inc. announced a private placement of 935,453 at a private placement of CAD 0.2138 for gross proceeds of CAD 199,999.8514 on September 27, 2021. Each unit consists of one common share and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 36 months from the date of issue, one additional common share of the Issuer at an exercise price of CAD 0.3563 per share. The company will pay finder's fees in the transaction. The securities issued will be subject to hold period of 4 months. The offerings and payment of finders' fees are both subject to approval by the TSX-V. Directors, officers or other insiders of the company may participate in the foregoing offerings. Announcement • Sep 24
Golden Dawn Minerals Inc., Starting to Mobilize Crews and Equipment for Drilling the Lexington Property At the Greenwood Precious Metals Project in Southeastern BC Golden Dawn Minerals Inc., announces that it is starting to mobilize crews and equipment for drilling the Lexington Property at the Greenwood Precious Metals project in southeastern BC. Golden Dawn is mobilizing crews and equipment to initiate diamond drilling at the Lexington property. Drilling is expected to commence within a few days. The first holes will be located close to the Lexington Mine permit area where there is potential to extend the mineralized zones northwest of the mine. Later drilling will be located southeast of the mine where historic drill intercepts indicate significant copper-gold mineralization along the No. 7 fault zone within which the Lexington deposit occurs. Announcement • Sep 21
Golden Dawn Minerals Inc. announced that it has received CAD 0.45 million in funding On September 20, 2021, Golden Dawn Minerals Inc. closed the transaction. The company issued 2,200,000 units for proceeds of CAD 330,000 in its second tranche. All securities issued in second first tranche will be subject to a hold period expiring on Jan. 17, 2022. The company didn't pay finders’ fee in the tranche. The closing of the private placement financing is subject to final TSX Venture Exchange approval. Announcement • Sep 15
Golden Dawn Minerals Inc. Receives Drill Permit for Phoenix Property, Airborne Survey to Confirm Additional Targets Golden Dawn Minerals Inc. announced that it has received final approval for its drilling plan on the Phoenix Property at the Greenwood Precious Metals project in southeastern BC, which is anticipated to be executed in October. The Phoenix Multi-Year Area Based permit is for a total of 25 drill sites, with 12 sites approved for this year. Multiple holes can be drilled from each of the sites, so the permit allows for approximately 7,200 meters to be drilled this year out of a total of up to 15,000 metres. The Phoenix Property is extensively mineralized and covers 29 past producing mines and in excess of 70 mineral showings. Targets for this year are located in the northeast area of the property and include the Minnie Moore and Summit epithermal gold and silver prospects, and nearby gold-copper skarn deposits located northeast of the historic open pit Phoenix copper-gold mine. The Minnie Moore showing is a silver-rich epithermal style breccia vein hosted in limestone. Sulfide content is generally low but can exceed 5% of pyrite, with lesser chalcopyrite, sphalerite, galena, tetrahedrite, and ruby silver. Native gold has been seen in thin section and in hand specimen. In 2017, Golden Dawn reported a check sample result of 1700 g/t silver and 2.68 g/t gold over 1.0 meters for the Minnie Moore. Announcement • Sep 01
Golden Dawn Minerals Inc. Plans to Drill 11,000 Meters at Lexington Gold-Copper Property Golden Dawn Minerals Inc. announced that drilling is now planned for this fall on the Lexington property at its Greenwood Precious Metals project in southeastern British Columbia. Drilling is expected to begin this fall at the Lexington property. A total of 25 drill sites are permitted, with 14 planned for this season (sufficient for 11,200 meters). In addition, a ground IP geophysical survey with a total of 25 line-km is permitted.
Lexington Mine: The Lexington mine is located 11 kilometres southeast of Greenwood and 10 kilometres south of the historic Phoenix Mine open pit. The property has a long history of exploration completed by at least 12 companies. In 2008, 54,237 tonnes were mined from the underground Lexington mine and processed through the Greenwood gravity-flotation plant, producing 5,486 ounces gold, 3,247 ounces silver and 860,259 pounds of copper. The operation was placed on care and maintenance in 2009 due to low metal prices. Only a small portion of the Lexington-Grenoble Deposit was mined in that episode, with remaining resources as described in the Company's last PEA report. The area remains open for exploration along strike and down dip. The Lexington mine was developed to exploit a mineral deposit is comprised of shallow to moderately dipping stacked zones of massive sulphide veins, quartz-sulphide veinlets and sulphide disseminations. The mineralization is concentrated within a sheared zone that follows the contact between overlying metavolcanic rock (dacite) and underlying serpentinite. Overall,
the deposit has been traced for at least 525 m along a trend of 110° and is 20-60 meters wide and 25 meters thick. Individual zones range from 1-24 meters in thickness but are commonly less than 6 m thick, with the margins being gradational. Stacked zones are separated by lenses with
low sulfide content that are 1-5 meters thick. Typically, the zones contain 25-35 % sulphide, with pyrite being predominant over chalcopyrite. Magnetite is present in veins that are hosted in serpentinite. Exploration Targets: Historic exploration records indicate high potential for discovery of gold-copper mineralization beyond the immediate mine area. The favourable host stratigraphy extends over 4 kilometers from northwest of the Lexington mine area through the Number 7, Mable, and historic Lexington mines, where minimal past exploration drilling was done. The same stratigraphy continues through the new Lexington mine and to the southeast and into Washington State. For this season, drilling will start close to the Lexington mine area, where there is potential for parallel zones and for extension of the main zone down plunge. One hot target is immediately northwest of the mine, where there is potential for two zones that could lie parallel to the Lexington deposit. Two outlying resource blocks defined by drill holes TG-81 and B93-6 lie north of and down dip of the Lexington Main zone and their limits have not been adequately
defined. The mineralization in these holes could potentially extend northwest and southeast at least as much as the known extent of the mine. Further drilling is planned to test this projection. Drilling is also planned to explore for the southern extension of the Lexington Main Zone.
Southeast of the mine there are several historic drill intercepts that indicate presence of significant copper-gold mineralization along a kilometer-long trend that stretches from the Lexington mine to the US border. These historic result suggest high potential to extend the deposit in this area. Potential also exists in the vicinity of the City of Paris historic mine over top of the Lexington mine. The City of Paris appears to have exploited a zone of mineralization concentrated along an upper serpentinite horizon that lies above the Lexington deposit. In 2017, a chip sample
collected by Gold Dawn at the surface exposure of the City of Paris mineralized zone returned a result of 18.0 grams per tonne gold and 0.42% copper over a sample width of 4.5 meters (results previously announced in 2018). Drilling is planned to test for extension of this mineralization to along strike beyond the area historically mined. Announcement • Aug 25
Golden Dawn Minerals Inc. Initiates 50000 Meter Drill Program, Drilling to Start Early September At Golden Crown and JD Mines Golden Dawn Minerals Inc. announces that drilling will begin on the Golden Crown property at its Greenwood Precious Metals project in southeastern British Columbia early September or latest expectations September 15th 2021. Drilling is expected to begin early September at the Golden Crown property, after a delay due to the Company submitted a new Notice of Work to amend the existing permit for the use of existing non-status roads. A total of 26 drill sites (sufficient for 3,950 meters) are planned, commencing at the JD historic mine, where 10 priority drill sites are planned for close-spaced to follow-up previous results at the JD. In addition, 7 sites are also planned at the Golden Crown mine to in-fill and extend the known resources and 9 sites are planned to test various geophysical and geochemical anomalies. The JD area is located 5 kilometres east of Greenwood and 2 kilometres south of the historic Phoenix Mine open pit. The area was previously exposed by trenching and drilling over a strike length of 375 meters and is interpreted to be the northwestern extension of the Golden Crown deposit, which lies 2 kilometers to the southeast. Between 1986 and 1988, soil and rock geochemistry, geophysics, 26 trenches, 8 diamond drill holes and 10 reverse circulation (RC) drill holes were completed. A trenching program was also conducted in 2003 and 2004 that identified three zones of sulphide mineralization, including the Main, Footwall and Hangingwall zones. Announcement • Mar 12
Golden Dawn Minerals Inc. Announces Airborne Geophysical Survey Completed over the Greenwood Precious Metals Project in Southeastern British Columbia Golden Dawn Minerals Inc. announced that the airborne geophysical survey has now been completed over the Greenwood Precious Metals project in southeastern British Columbia. The helicopter borne VTEMTM and magnetics survey has been completed over the historic Phoenix mine and surrounding areas, including the Golden Crown, Lexington and Tam O'Shanter properties where gold resources were previously defined. This is the first time that property-wide surveys have been flown over these claims. The VTEMTM survey was flown at 100 metre spacing and, following interpretation, the data will provide high-resolution geophysical survey images of the properties. The survey results are expected to be available in a few weeks and will be used to target exploration for copper-gold skarn deposits and/or an intrusion-related porphyry-type copper-gold deposits that could be the root of the Phoenix copper-gold skarn deposit. The results for the Golden Crown, Lexington and Tam O'Shanter properties will be used to guide exploration for extensions of these sulphide-bearing deposits too. The main exploration target is a major copper-gold deposit related to the historic Phoenix copper mine. The Phoenix deposit consists of a group of skarn (carbonate replacement) deposits hosted within the Triassic Brooklyn limestone unit, all of which occur within a panel of strata that is truncated by the Snowshoe fault, a west-dipping (listric) normal fault. The mineral deposits are interpreted to be the upper part of a larger copper-gold system that has been displaced westward from its roots. The roots of the system may be related to a cluster of copper-gold skarn deposits that occur northeast of Phoenix. In this area, there is a north-trending corridor of historic mines situated 2 kilometers northeast of Phoenix that includes the Oro Denoro, Emma, Jumbo and Cyclops /Lancashire Lass historic mines. Further east of this are other historic mines that were also developed on skarn deposits, including the BC Mine, Bluebell, R. Bell, and Tokyo. Epithermal-style gold and silver mineralization also occurs in these areas, possibly related to the Tertiary extension structures that caused the offset of the Phoenix deposit from its roots. Announcement • Feb 05
Golden Dawn Minerals Inc. Commences Its Airborne Geophysical Survey over its Phoenix Property at its Greenwood Precious Metals Project in Southeastern British Columbia Golden Dawn Minerals Inc. announced that it has now commenced its airborne geophysical survey over its Phoenix property at its Greenwood Precious Metals project in southeastern British Columbia. The long-awaited helicopter-borne VTEMTM (versatile time-domain electromagnetic system) and combined magnetics survey is now underway over the Phoenix property in Greenwood, B.C. The survey will cover the historic Phoenix mine and surrounding areas, including the Golden Crown, Lexington and Tam O'Shanter properties where gold resources were previously identified. The results will be used to guide the surface exploration program, which will focus on exploration for a major copper-gold skarn deposit and/or an intrusion-related porphyry-type copper-gold deposit that could be the roots of the world-class Phoenix copper-gold skarn deposit. The Phoenix deposit is interpreted to be the upper part of a large copper-gold system that has been displaced westward from its roots by the Snowshoe fault. Based on the interpreted structural offset and similarities in style of mineralization, the roots of Phoenix deposit are predicted to lie in the vicinity of known skarn deposits located east-northeast of Phoenix. Survey results for the Golden Crown, Lexington and Tam O'Shanter properties will be used to guide exploration for extensions of these deposits. Exploration activities will involve targeting based on the upcoming geophysical results and compilation of historic data, plus surface investigations including geology, geochemistry, geophysics and/or trenching, followed by drilling of specific targets. Announcement • Dec 18
Golden Dawn Minerals Inc. announced that it expects to receive CAD 0.35 million in funding Golden Dawn Minerals Inc. (TSXV:GOM) announced a non-brokered private placement of up to 1,750,000 flow-through units at a price of CAD 0.2 per unit for gross proceeds of CAD 350,000 on December 16, 2020. Each flow-through unit consists of one common share and one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at the price of CAD 0.25 for 24 months after closing. A finder's fee may be paid to eligible finders in accordance with the TSX-Venture Exchange policies. All securities issued pursuant to the transaction will be subject to a hold period of four months and one day from the date of closing. The transaction and payment of finders' fees are both subject to approval by the TSX Venture Exchange. Announcement • Oct 04
Golden Dawn to Start Exploration Trenching at Golden Crown Property Golden Dawn Minerals Inc. announced that it is about to start exploration work at its Golden Crown property in the Greenwood mining district of southeastern British Columbia. Golden Dawn is about to kick-off its 2020 exploration program with trenching on its Golden Crown property. Approximately 2,000 metres of exploration trenching is planned for the Golden Crown and JD areas this season. This work is aimed at extending the Golden Crown deposit and discovery of new gold zones to add to the existing Golden Crown deposit. The Golden Crown resource is estimated at 163,000 tonnes Indicated Resources grading 11.09 grams per tonne gold and 0.56% copper and Inferred Resources of 42,000 tonnes grading 9.04 grams per tonne gold and 0.63% copper. The heart of the Golden Crown deposit is a vein system consisting of 17 discrete massive sulfide and quartz-sulfide veins within an area 130 by 800 m. The JD area lies northwest of the known Golden Crown deposit along a 3.5 km long corridor of steeply dipping veins defined by historic drill hole intercepts, trenches, gold soil geochemical anomalies and geophysical ("VLF") anomalies. These features indicate excellent potential for discovery of new gold bearing zones in the underexplored gap between the JD and Golden Crown. The 2020 trenching program will test the historic JD mine area and along the corridor of anomalies, where sulphide-quartz veins of similar composition and orientation to those at the Golden Crown deposit were previously identified. Rock chip sampling at the JD area by Golden Dawn in 2017 returned values ranging up to 5.87 g/t gold over 4.0 metres. 
