Golden Dawn Minerals (TSXV: GOM) has updated the resource estimate for its optioned 30 sq. km J & L polymetallic project, 35 km north of Revelstoke, British Columbia.
The project now contains 5.2 million measured and indicated tonnes grading 4.59 grams gold per tonne for 761,000 oz. gold and 55.6 grams silver per tonne for 9.2 million oz. silver, plus 2.04% lead and 4.57% zinc. It also contains 4.8 million inferred tonnes grading 4.53 grams gold for 672,000 oz. gold and 60.6 grams silver for 9.4 million oz. silver, 1.84% lead and 2.55% zinc.
Golden Dawn optioned the J&L project from Huakan International Mining, a state-owned Chinese company, in December 2017.
Huakan also sold Golden Dawn its Greenwood precious metals project in September 2016, following an option agreement in April 2016. The Greenwood project consists of the Greenwood mill, the Golden Crown project and the past producing Lexington mine. According to a 2017 preliminary economic assessment (PEA), the Lexington mine contains 372,000 tonnes grading 6.47 grams gold and 1.05% copper for 96,300 equivalent oz. of gold.
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