Thursday February 09, 2012



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QUESTION OF THE WEEK

  • Would you buy deer meat if it was on the menu at a restaurant?
  • Yes
  • 30%
  • No
  • 69%
  • Not sure
  • 1%
  • Total Votes: 94



Mine exploration

On-site exploration of two mining properties in the Boundary is scheduled to begin in April. Golden Dawn Minerals Inc. has signed option agreements on the Royal Attwood and Boundary Falls gold-copper properties located within the Greenwood Mining District. “We intend to start working on the properties as soon as weather permits in April,” said Wolf Wiese, President of Golden Dawn. “We will probably work on the Atwood Property first, which is closer to Grand Forks, and then we will probably start drilling on that (property) in early May after we do a little more ground work. And we will start work simultaneously on the Boundary Falls property which is closer to Greenwood.”

Recent electro-magnetic surveys by helicopter yielded information that made Wiese optimistic. “The new helicopter technology is phenomenal,” Wiese said, adding that the geophysical gold and copper anomalies that were noted in the survey will be followed up by drilling. The process is time-consuming. “To drill out the Atwood would probably take the better part of three years,” Wiese said.

Wiese believes that the future is bright for gold and copper. “Certainly gold is showing a kind of renaissance. My personal expectations are that gold is going higher for the next few years because of the inflationary pressures going on around the world. So gold is a good bet, and so is copper obviously going to be used. The emerging nations are going to use copper as they build their infrastructure. We feel pretty safe.”

Wiese stated that if the mine proceeds, the milling may be done in Republic, Washington, or in the small mill on the Boundary Falls property after it has been upgraded. ““It all depends on the grade and tonnage of the deposit that may or may not be there,” he said.


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