January 20, 2010
Vancouver, BC, January 20, 2010 - Golden Dawn Minerals Inc. (TSX-V: GOM) (the "Company") and WORLD VENTURES INC. (OTCBB: WVNTF) have signed a Letter of Intent to Joint Venture their interest in the Triton gold prospect, MacMurchy Township, Ontario, whereby the Company can earn up to 80% interest in the prospect.
The Triton Gold prospect development during the 1920's and 1930's, consisting of a near vertical 30 meter shaft and 50 meters of lateral drifting on the Kingston vein, yielded historical values averaging approximately 15 g/tonne over approximately one meter of width continuously along the vein for the depth of the shaft and the length of the 50 meters of lateral drift. Teck carried out a drill program in early 1987, three of the six holes drilled intersected the Kingston Vein. One being a high grade intersection of 90.5 g/t over .3 meters at a vertical depth of 50 meters. Of the other anomalies, one hole encountered quartz veining and 1750ppb Au across 2.5 meters, which may be a new zone parallel to the Kingston Vein (internal Teck report Scott1987) These values are historical in nature, are non-NI 43-101 compliant and have not been verified.
Preparation of an NI 43-101 report is in progress to include all available historical work records from development work, drilling of 5 holes in 1939, and drilling of 23 holes by Teck Corporation in 1987 and 1988. Also to be included in the NI 43-101 report are results from 20 short diamond drill holes from a current program designed to test continuity and confirm grade of the vein system in the proximity of the Kingston shaft. These holes, still requiring logging and assaying, have demonstrated the visual presence of quartz-sulphide vein material over a strike length of 30 meters, and a near-vertical dip distance of 30 meters ( vertical historical data extend to 60 meters) in the vicinity of the Kingston shaft . Numerous trenches on outcropping veins on the property require additional bulk sampling. Extensive drilling is needed to determine the extent of the vein systems and the possibility of multiple parallel veins and possible intersecting vein systems.
There are no known mineral resources on the Triton property, and all data is historical in nature, and has not been verified. It is not known if exploration will delineate any resources, and if found whether such resources will be economic.
Under the Joint Venture Golden Dawn Minerals can earn an 80% interest in the property by the expenditure of $1 million over two years, payment of $90,000 cash, issuance of 1.7 million shares of common stock to World Ventures Inc. and the completion of a feasibility report.
This press release was prepared by S. A. Jackson, PhD, P.Geol., a Qualified Person.
ON BEHALF OF THE BOARD OF DIRECTORS OF GOLDEN DAWN MINERALS INC.
'Wolf Wiese'
President/CEO
For further information:
GOLDEN DAWN MINERALS INC.
575-1111 West Hastings Street,
VANCOUVER, BC, V6E 2J3
Telephone: (604) 221-8936
Facsimile: (604) 685-2360
www.goldendawnminerals.com
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
THIS DOCUMENT CONTAINS CERTAIN FORWARD LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, DELAYS, AND UNCERTAINTIES NOT UNDER THE COMPANY'S CONTROL WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS. WE SEEK SAFE HARBOR.