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Golden Dawn (TSXV: GOM) has filed a PEA Technical report for Greenwood Gold Project

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The Greenwood Gold Project Mill and Mine Complex are located in the historic Greenwood Mining Division in south-central British Columbia, approximately 500 kilometres east of Vancouver. The report highlights a base case pre-tax internal rate of return of 72.6% and a net present value of $32.5 million, using a 6% discount rate.

Additional Information:

Company: Golden Dawn Minerals
Website: http://www.goldendawnminerals.com
Stock Symbol: TSXV: GOM
Date Published: May 25, 2016
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Golden Dawn Minerals (TSXV:GOM) (FSE:3G8A) has filed a Preliminary Economic Assessment Technical report for its Greenwood Gold Project.

The Greenwood Gold Project Mill and Mine Complex are located in the historic Greenwood Mining Division in south-central British Columbia, approximately 500 kilometres east of Vancouver. The report highlights a base case pre-tax internal rate of return of 72.6% and a net present value of $32.5 million, using a 6% discount rate.

Pre-production capital requirements are $9.7 million, with a pre-production period of 6 months.

The life of mine cash cost is US$631 per ounce gold with all-in sustaining costs at US$820 per ounce gold, over a 5 year life of mine.

These numbers are based on the updated mineral resource estimates announced on April 6, 2016.

The Lexington-Grenoble Deposit reported 372,000 tonnes in the measured and indicated categories, containing 96,300 gold equivalent ounces, with the Golden Crown Deposit reporting 163,000 tonnes in the indicated category, containing 62,500 gold equivalent ounces, using a cut-off of 3.5 grams per tonne.

One of the key aspects of this project is the existing infrastructure, including a permitted modern crushing-grinding-gravity-flotation facility, with a mill rated at 212 tonnes per day capacity.

There is the potential to increase the resource for both the Lexington and Golden Crown Mines, as well as further mill feed potential from the company’s 100% owned May Mac Mine, located within 15 kilometres by road.

Several proximal satellite deposits too small to warrant stand-alone processing facilities may further increase mill feed.

Golden Dawn regards this project as essentially de‐risked for the following reasons:

- 91% of the resource is categorized as Measured and Indicated
- Permits exist for mining and processing
- Infrastructure is in place and intact, including mining equipment, processing plant and tailings facility
- Minimal pre‐production development required to commence mine production

The shares are trading at $0.135 and with 61 million shares currently outstanding, the company is capitalized at $8.2 million.

For more information, please visit www.goldendawnminerals.com, contact Wolf Wiese, CEO, at 604-221-8936 or email allinfo@goldendawnminerals.com..

I’m Samantha Deutscher for Investmentpitch Media