Double the prospects

Golden Dawn Minerals has signed option agreements on two properties in the Greenwood Mining District

The future of gold and copper is bright with Golden Dawn Minerals. — Tanya Laing Gahr photo

Wolf Wiese, the CEO of Golden Dawn Minerals Inc. (GOM:TSX-V), with the help of his adviser, Stewart Jackson, may have made a golden discovery in the Greenwood Mining District. The company has just signed option agreements on two sites—the Royal Attwood property, eight kilometres west of Grand Forks, and the Boundary Falls property, five kilometres south of Greenwood.

Wiese started his professional career as a stockbroker in Germany and has been working in the mining and exploration industry for 16 years, mainly as a financier to public companies. In 2004, Wiese was the initial investor for Golden Dawn Minerals and the company went public in 2007.

The Greenwood Mining District experienced a resource-based boom in the late 1800s and early 1900s. Wiese said that on the Boundary Falls property, there are still remnants of mills and mines in the area.

“We are looking for gold and copper on the Boundary Falls property,” said Wiese. “It has a permanent mill-processing facility and a silver and gold mine . . . It has all of the infrastructure already there.”

Wiese said he is intrigued by both of these properties because Jackson, who has his PhD in geology, said the results are very similar to other properties he has worked on that have consequently become mines.

“We have hopes for the intrusive types of low-grade, high-volume deposits,” said Wiese. “The Royal Attwood especially . . . has better geophysical signatures on it . . . the geochemical anomalies are widespread . . . Coincident with that, we have the helicopter survey that tells us there is something there. It will probably be a magnetite type of intrusion and magnetite will come with gold.”

Wiese plans to start work on the Royal Attwood property first and begin drilling in early May. Plans then include simultaneously working on the Boundary Falls property. He is optimistic about what the drill results will yield and he is even more certain about the future of copper and gold.

“My feel, especially for copper and other base metals, is that there is going to be a demand for it,” said Wiese. “Logic tells us that India, China and southeast Asian countries have three billion people trying to urbanize themselves and these materials will be sought after—there may even be shortages. Gold is another story. It is a political thing . . . and a matter of perception. If people think there will be inflation, they will be running after it. But that is purely speculation.”