Golden River Resources

Beaver Dam

Beaver Dam

The 100% owned Beaver Dam deposit is a principal focus of Acadian's gold program and is currently being evaluated for potenital open pit mining.

The project consists of 57 continuous mineral claims and is located in East Central Nova Scotia approximately 80km northeast of Halifax. Access to the site is excellent, located 7km by gravel logging road from Highway 224.

History

Gold mining has occurred in the Beaver Dam area on a sporadic basis from 1868 to 1940 from numerous small underground operations. During the 1980's, a number of operators undertook trial mining and exploration activities at the site, with the majority of work carried out by Seabright Resources Inc.

Current Work

Acadian acquired the property in 2002 and have undertaken a substantial exploration program. Up until 2010, 390 surface holes had been drilled totalling 69,881m; intervals include 34m @ 9.94 g/t Au from 93m, 15m @ 33.83 g/t Au from 46m and 52m @ 10.78 g/t Au from 23m.

Future work will include additional drilling focussing on expanding the resource and improving the classification of inferred resources into the indicated category.

Geology

Gold mineralisation at Beaver Dam occurs as fine to coarse grained free visible particles, associated with sulphide mineralization that includes pyrrhotite, pyrite, chalcopyrite and arsenopyrite within quartz veins, and both argillite and greywacke sequences. The bulk of gold mineralization is associated with stratabound quartz veins that range in size from 0.5cm to 20cm. Individual veins and groups of veins are associated with wide argillite packages that range in thickness from 3m to 25m locally. Argillite packages have been traced by detailed underground mapping to extend along strike for over 350m. Surface diamond drilling by Acadian and others has shown that these zones can be traced for over 800m and may continue eastward along the faulted offset portion of the stratigraphy 600m to the north. Deep drilling has also intersected the interpreted down dip extension of the mineralized zones at approximately 668m below surface. The current geological interpretation illustrates that the bulk (81 %) of the gold resources outlined by Acadian occur in the Main Zone Central, a 30 - 40 metre wide geological zone over a strike length of 800 metres.

Current drill results suggest that the bulk of the gold mineralization is associated with quartz veined intervals, however, anomalous gold values have also been returned from non-quartz veined sections of both argillite and greywacke.

Results of drilling and bulk sampling undertaken by past workers at Beaver Dam also indicates the presence of broadly dispersed low grade gold mineralization within the altered meta-siltstones and slates.

• 19 March 2012 Annual Financial Statements for the year ended June 30, 2011 > Read more

• 16 January 2012 Final Results from Acadian's 2011 Fifteen Mile Stream Drill Program > Read more

• 21 December 2011 Acadian Mining Corp. Joins OTCQX > Read more

• 15 December 2011 First Drill Results From The Hudson Zone at Acadian's Fifteen Mile Stream Project Return Wide Mineralized Intervals > Read more

• 5 December 2011 Drill Results From Acadian's Fifteen Mile Stream Project Continue to Expand Size of Mineralized Area > Read more

• 21 November 2011 Acadian Mining Corporation 3rd Quarter Management Discussion & Analysis > Read more

• 21 November 2011 Acadian Mining Corporation 3rd Quarter Financial Statement > Read more

• 21 November 2011 Acadians Regional Till Survey Identifies Several New Gold Anomalies on Prospective FMS Trend in Nova Scotia > Read more

• 13 October 2011 Acadian's Fifteen Mile Stream Project Continues to Deliver Impressive Results > Read more

• 19 September 2011 First Drill Results From Acadian's Fifteen Mile Stream Project Return 2.81 g/T over 72.9 Metres > Read more