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Golden Dawn Minerals in Talks to Acquire Properties
Monday 13 November 2017

13 November 2017 - Canadian miner Golden Dawn Minerals Inc. (TSX Venture: GOM) (FRANKFURT:3G8A) (OTC: GDMRF) is currently involved in negotiations with an arm's length party with a view to materially increasing its mineral properties, the company said.

The company said that, though negotiations have progressed to an advanced stage, Golden Dawn has not entered into any agreement at this time and there is no assurance that an agreement will be reached between the parties.

Golden Dawn Minerals is now one of the largest land owners in the Greenwood Mining district, located in South Central British Columbia.

In the last year, Golden Dawn Minerals has strategically acquired a permitted mine and mill complex the Greenwood Gold project - and Kettle River Resources Ltd, which holds a large land package with numerous mineral deposits.

The key component is the modern 200 tpd (expandable to 400) gravity-flotation mill and tailings facility. This mill was constructed and in 2008 produced gold and gold-copper concentrate from the Lexington and Golden Crown mines, also included in the acquisition.

Also, the company's 100% owned May Mac Mine, 15 km to the West of the company's mill, is currently subject to an intensive underground and surface drilling program exploring the known silver-gold veins.
Details
Date Published: 13/11/2017
Target: Undisclosed mineral properties
Country: Canada
Sector: Metals/Mining
Type: Corporate acquisition
Financing:
Status: Talks
Vendor: Undisclosed
Buyer: Golden Dawn Minerals
Comment:
Terms of the deal were not disclosed

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