Golden Dawn Minerals has reported the first batch of gold, copper assay results from its November and December 2010 16-hole drilling program on the Wild Rose Property, near Greenwood, British Columbia.
The program targetted the potential for high grade veins in association with open-pit bulk tonnage low grade gold-copper zones on the Wild Rose and Tam O’Shanter properties.
The initial 6 diamond drill holes, totaling 723.0m, were completed by Vicore Mining Developments.
The company expects that drilling will resume towards the latter part of January after all the assay results are received for the first six drill holes.
Assay results received are for the first three drill holes 10WR01 to 10WR03.
All three holes were drilled to test the whether the Wild Cat and/or the Wild Rose vein systems, both located on the Wild Rose property, could be tracked as northwest plunging shoots rather than flat sheets.
Quartz-sulphide zones were intersected in drill holes 10WR01 and 10WR02 at the position that is likely representative of the Wild Cat vein system.
The Wild Cat zone yielded 1.47 grams per ton (g/t) gold (Au) and 0.62% copper (Cu) over 2.55 m in drill hole 10WR01 with core recovery in the range of 30% over a 10.0 m interval Drill hole 10WR02 yielded 3.42 g/t Au and 0.1% Cu over 5.0 m, with a high grade zone of 9.57 g/t Au and 0.21% Cu over 1.7 m and 22.06g/t Au with 0.58% Cu over 0.5 meter for the Wild Cat zone with core recovery nearly 100%.
Hole 10WR06 was collared approximately 50m northwest of the historic diamond drill hole DDH 92-27 in the Deadwood Zone, which intersected widespread low grade gold with close to 1g/t Au and 0.4% Cu over 63m.
The diamond drill holes 10WR01, 10WR02, and 10WR03 encountered high grade Au in the main vein systems and widespread low grade Au associated with alteration zones that surround and include the high grade vein systems.