The company has reported the results from four additional diamond drill holes from an ongoing drill program at the property.

Earlier, the company began a drilling program to test the Wild Cat and Wild Rose vein systems and their apparent strike extent to the northwest known as the Deadwood gold zone.

The current drilling conducted by Golden Dawn, together with historical drilling results, has now confirmed the presence of a significant widespread alteration zone (Deadwood gold zone).

The Deadwood gold zone comprises of low-grade gold-copper (Au-Cu) mineralization along a strike length of approximately 1,000m.

The zone has an apparent horizontal width of up to 160m and has been tested to a vertical depth of approximately 150 m below surface.

Collectively, the results of the 2010-2011 Wild Rose drilling program completed by Golden Dawn and the results of previous drilling conducted by others, have outlined a remarkably consistent zone of low-grade gold-copper mineralization that is a bulk-tonnage target.

Golden Dawn will initiate a resource study once the final results of all the 2011 drilling are received (final results are expected by mid-April, 2011).