Golden Dawn expects the geophysical results to be ready in a few weeks. The company is seeking deposits that could be the root of the Phoenix copper-gold skarn deposit. The historic Phoenix deposit consists of a group of carbonate replacement skarns within the Triassic Brooklyn limestone unit. The deposit is interpreted to be the upper part of a larger copper-gold system that has been displaced westward from its roots.
There is a north-trending corridor of historic mines 2 km east of Phoenix and further east are several more, all of which were developed on skarn deposits. Epithermal gold-silver mineralization also occurs in the area.
The former Phoenix mine produced 25.5 million tonnes of ore averaging 0.9% copper and 1.1 grams gold per tonne. It was mined both from underground and as an open pit from 1900-19 and again from 1956-78.
As well, the other three areas have porphyry copper-gold potential and will also be explored.
Golden Dawn has several other properties in the area, including the permitted Lexington copper-gold mine and Greenwood mill.
(This article first appeared in The Northern Miner)
