Golden Predator Reports Additional High-Grade Drill Results from 3 Aces Project
January 16 2018 - 8:00AM
Golden Predator Mining Corp.
(TSX-V:GPY) (OTCQX:NTGSF) (the “
Company” or
“
Golden Predator”) today reported results of 43
Grade Control drill holes at the 3 Aces Project in southeast Yukon,
including the highest gold assays returned to date from drilling on
the project.
These drill holes were designed to investigate
close-space variability in three different areas of the Spades Zone
in order to prepare for resource delineation drilling across the
Central Core Area later this year. Results are being used to:
(1) validate predicted grade distribution from previous results in
these areas; and (2) design future bulk samples of these areas.
Bulk sampling is expected to support previously released data
indicating that up to 95% of the gold in the central Spades Zone
can be recovered using gravity methods only (see December 7, 2017
News Release).
Highlights include:
- Hole 3A17-208 intersected 4.57 m of 81.35 g/t
gold from a depth of 0.76 m;
- Hole 3A17-209 intersected 21.33 m of 18.33 g/t
gold from a depth of 2.29 m;
- Hole 3A17-215 intersected 5.33 m of 49.37 g/t
gold from surface;
- Hole 3A17-220 intersected 13.72 m of 43.02 g/t
gold from a depth of 1.52 m, including
0.76 m of 550.00 g/t gold;
- Hole 3A17-224 intersected 9.91 m of 21.81 g/t
gold from a depth of 1.52 m;
- Hole 3A17-230 intersected 3.05 m of 88.27 g/t
gold from a depth of 0.76 m;
- Hole 3A17-238 intersected 9.15 m of 41.03 g/t
gold from a depth of 0.76 m, including 0.76 m of
487.00 g/t gold.
To view 3 Aces location and drilling maps please
visit:
http://www.goldenpredator.com/_resources/maps/GPY-NR1802-Combined-Maps-FINAL.pdf
“High-grade gold deposits like 3 Aces require us
to exercise great care to establish reliable sampling, assaying
and, geological modeling and grade estimation procedures. We are
extremely pleased with these drill results, which met and exceeded
predicted grades clearly establishing the value of closely spaced
drilling. These results will lead to optimized metallurgical
processing and determine ideal drill spacing for continuing
exploration,” said Janet Lee-Sheriff, Chief Executive Officer. “The
Company will continue, as necessary, to grid drill and bulk sample
other areas where high grade mineralization has been identified
across the project to confirm grade and to better understand each
zone’s metallurgical characteristics.”
The close-spaced Grade Control drilling was
completed in three areas, all of which are now considered to be
part of the larger central Spades Zone. Significant gold
mineralization was encountered in 39 of the 43 holes. The three
areas (see maps and images link) were drilled on grids with a 5 m
spacing to compare results with observed gold grade from previous
drilling, and as a more definitive estimate of grade for comparison
against future bulk sampling. This process is intended to
accurately predict the returns that could be expected from a mining
operation. Programs of close-spaced drilling followed-up by
bulk sampling are an integral part of the Company’s commitment to
continuously evaluate the quality of drill hole assays, optimal
drill spacing for resource delineation and optimal metallurgical
recovery. Bulk sampling of the newly drilled areas in Central
Spades is expected to commence in the summer of 2018 and will be
processed at the Company’s own 40 tpd gravity processing plant.
3 Aces Project - Significant Drill
Results Table – Spades Zone
Hole ID1 |
Sample Type2 |
From (m) |
To (m) |
Drilled Width (m)3 |
Au g/t4 |
3A17-193 |
GC-RC |
0.76 |
5.33 |
4.57 |
1.38 |
and |
GC-RC |
19.05 |
19.81 |
0.76 |
7.76 |
3A17-194 |
GC-RC |
0.00 |
2.29 |
2.29 |
8.94 |
3A17-195 |
GC-RC |
0.76 |
1.52 |
0.76 |
4.18 |
3A17-197 |
GC-RC |
0.76 |
3.81 |
3.05 |
5.49 |
3A17-199 |
GC-RC (Pad
Material) |
0.00 |
1.52 |
1.52 |
5.23 |
and |
GC-RC |
1.52 |
3.05 |
1.53 |
8.89 |
including |
GC-RC |
1.52 |
2.29 |
0.77 |
16.00 |
3A17-200 |
GC-RC (Pad
Material) |
0.00 |
0.76 |
0.76 |
2.13 |
and |
GC-RC |
0.76 |
3.81 |
3.05 |
5.41 |
3A17-201 |
GC-RC |
9.91 |
10.67 |
0.76 |
6.00 |
3A17-206 |
GC-RC (Pad
Material) |
0.00 |
1.52 |
1.52 |
4.12 |
and |
GC-RC |
1.52 |
12.95 |
11.43 |
2.06 |
including |
GC-RC |
4.57 |
5.33 |
0.76 |
9.11 |
including |
GC-RC |
9.14 |
10.67 |
1.53 |
5.55 |
3A17-207 |
GC-RC (Pad
Material) |
0.00 |
1.52 |
1.52 |
25.60 |
and |
GC-RC |
5.33 |
7.62 |
2.29 |
4.35 |
3A17-208 |
GC-RC (Pad
Material) |
0.00 |
0.76 |
0.76 |
34.50 |
and |
GC-RC |
0.76 |
5.33 |
4.57 |
81.35 |
including |
GC-RC |
0.76 |
2.29 |
1.53 |
203.07* |
and |
GC-RC |
13.72 |
15.24 |
1.52 |
13.86 |
including |
GC-RC |
13.72 |
14.48 |
0.76 |
24.90 |
3A17-209 |
GC-RC |
2.29 |
23.62 |
21.33 |
18.33 |
including |
GC-RC |
12.19 |
12.95 |
0.76 |
58.30 |
including |
GC-RC |
21.34 |
22.10 |
0.76 |
98.90* |
3A17-210 |
GC-RC (Pad
Material) |
0.00 |
1.52 |
1.52 |
3.00 |
and |
GC-RC |
9.91 |
11.43 |
1.52 |
12.61 |
3A17-211 |
GC-RC |
1.52 |
9.91 |
8.39 |
14.05 |
including |
GC-RC |
5.33 |
6.10 |
0.77 |
45.50 |
|
|
|
|
|
|
3A17-212 |
GC-RC |
0.00 |
2.29 |
2.29 |
21.81 |
including |
GC-RC |
0.76 |
1.52 |
0.76 |
57.70 |
3A17-213 |
GC-RC |
0.00 |
3.05 |
3.05 |
14.13 |
including |
GC-RC |
0.76 |
2.29 |
1.53 |
21.54 |
3A17-214 |
GC-RC |
0.00 |
7.62 |
7.62 |
11.19 |
including |
GC-RC |
2.29 |
3.05 |
0.76 |
37.50 |
3A17-215 |
GC-RC |
0.00 |
5.33 |
5.33 |
49.37 |
including |
GC-RC |
3.05 |
3.81 |
0.76 |
206.00* |
3A17-216 |
GC-RC (Pad
Material) |
0.00 |
3.81 |
3.81 |
2.43 |
and |
GC-RC |
3.81 |
7.62 |
3.81 |
35.80 |
and |
GC-RC |
14.48 |
15.24 |
0.76 |
3.31 |
and |
GC-RC |
19.05 |
20.57 |
1.52 |
7.66 |
3A17-217 |
GC-RC |
6.10 |
13.72 |
7.62 |
12.24 |
including |
GC-RC |
11.43 |
12.95 |
1.52 |
37.10 |
and |
GC-RC |
21.34 |
22.10 |
0.76 |
6.61 |
and |
GC-RC |
25.91 |
26.67 |
0.76 |
8.71 |
3A17-218 |
GC-RC |
5.33 |
18.29 |
12.96 |
14.19 |
including |
GC-RC |
5.33 |
15.24 |
9.91 |
17.80 |
including |
GC-RC |
7.62 |
8.38 |
0.76 |
72.90 |
3A17-219 |
GC-RC |
3.81 |
4.57 |
0.76 |
8.39 |
and |
GC-RC |
6.86 |
11.43 |
4.57 |
33.45 |
including |
GC-RC |
9.91 |
10.67 |
0.76 |
177.00* |
3A17-220 |
GC-RC (Pad
Material) |
0.00 |
1.52 |
1.52 |
11.09 |
and |
GC-RC |
1.52 |
15.24 |
13.72 |
43.02 |
including |
GC-RC |
6.10 |
6.86 |
0.76 |
550.00* |
including |
GC-RC |
13.72 |
15.24 |
1.52 |
73.75 |
3A17-222 |
GC-RC |
4.57 |
9.91 |
5.34 |
27.30 |
including |
GC-RC |
5.33 |
6.10 |
0.77 |
94.30 |
including |
GC-RC |
7.62 |
8.38 |
0.76 |
59.60 |
3A17-224 |
GC-RC |
1.52 |
11.43 |
9.91 |
21.81 |
including |
GC-RC |
6.86 |
10.67 |
3.81 |
45.08 |
3A17-225 |
GC-RC |
1.52 |
11.43 |
9.91 |
18.76 |
including |
GC-RC |
3.81 |
4.57 |
0.76 |
65.00 |
including |
GC-RC |
6.10 |
8.38 |
2.28 |
42.17 |
|
|
|
|
|
|
3A17-226 |
GC-RC |
0.00 |
9.91 |
9.91 |
0.73 |
3A17-227 |
GC-RC |
0.76 |
9.14 |
8.38 |
0.90 |
3A17-230 |
GC-RC |
0.76 |
3.81 |
3.05 |
88.27 |
including |
GC-RC |
1.52 |
3.05 |
1.53 |
170.68* |
3A17-231 |
GC-RC (Pad
Material) |
0.00 |
0.76 |
0.76 |
12.35 |
and |
GC-RC |
0.76 |
1.52 |
0.76 |
7.21 |
3A17-232 |
GC-RC (Pad
Material) |
0.00 |
0.76 |
0.76 |
10.50 |
and |
GC-RC |
0.76 |
3.05 |
2.29 |
68.34 |
including |
GC-RC |
2.29 |
3.05 |
0.76 |
111.00* |
3A17-233 |
GC-RC |
0.00 |
9.91 |
9.91 |
0.68 |
3A17-234 |
GC-RC |
1.52 |
2.29 |
0.77 |
3.08 |
3A17-236 |
GC-RC |
0.00 |
9.14 |
9.14 |
1.05 |
3A17-237 |
GC-RC |
0.00 |
9.91 |
9.91 |
2.68 |
3A17-238 |
GC-RC |
0.76 |
9.91 |
9.15 |
41.03 |
including |
GC-RC |
0.76 |
1.52 |
0.76 |
487.00* |
3A17-239 |
GC-RC |
0.76 |
9.14 |
8.38 |
1.53 |
3A17-240 |
GC-RC |
0.76 |
2.29 |
1.53 |
11.34 |
3A17-241 |
GC-RC |
2.29 |
4.57 |
2.28 |
22.14 |
including |
GC-RC |
3.81 |
4.57 |
0.76 |
43.90 |
3A17-243 |
GC-RC |
0.76 |
5.33 |
4.57 |
8.28 |
including |
GC-RC |
4.57 |
5.33 |
0.76 |
24.70 |
1Significant intervals are chosen based on
continuity of mineralization and gold grade; all drilled samples
assaying ≥3.0 g/t gold as well as select lower-grade intervals are
included.•
3A17-194's significant results from 0m to 2.29m include 0.77m
averaging 2.78 g/t
Au•
3A17-197's significant results from 0.76m to 3.81m include 0.76m
averaging 2.36 g/t
Au•
3A17-199's significant results from 1.52m to 3.05m include 0.76m
averaging 1.69 g/t
Au•
3A17-200's significant results from 0.76m to 3.81m include 0.76m
averaging 1.85 g/t
Au•
3A17-206's significant results from 0m to 1.52m include 0.76m
averaging 1.04 g/t
Au•
3A17-207's significant results from 5.33m to 7.62m include 0.76m
averaging 1.2 g/t
Au•
3A17-208's significant results from 13.72m to 15.24m include 0.76m
averaging 2.82 g/t
Au•
3A17-209's significant results from 2.29m to 23.62m include 7.62m
averaging 1.56 g/t
Au•
3A17-210's significant results from 0m to 1.52m include 0.76m
averaging 2.7 g/t
Au•
3A17-211's significant results from 1.52m to 9.91m include 0.77m
averaging 2.77 g/t
Au•
3A17-214's significant results from 0m to 7.62m include 2.29m
averaging 1.92 g/t
Au•
3A17-215's significant results from 0m to 5.33m include 1.52m
averaging 1.94 g/t
Au•
3A17-217's significant results from 6.1m to 13.72m include 2.28m
averaging 1.47 g/t
Au•
3A17-218's significant results from 5.33m to 18.29m include 5.33m
averaging 1.27 g/t
Au•
3A17-219's significant results from 6.86m to 11.43m include 2.28m
averaging 1.54 g/t
Au•
3A17-220's significant results from 1.52m to 15.24m include 6.84m
averaging 1.33 g/t
Au•
3A17-225's significant results from 1.52m to 11.43m include 3.06m
averaging 0.34 g/t
Au•
3A17-238's significant results from 0.76m to 9.91m include 8.39m
averaging 0.63 g/t
Au•
3A17-243's significant results from 4.57m to 5.33m include 0.76m
averaging 1.04 g/t
Au•
Holes 3A17-196, 3A17-229 and 3A17-242 each intersected
anomalous mineralization; Hole 3A17-202 returned no significant
mineralization. 2Sample Type 'GC-RC' is whole 3.5" (88.9mm) reverse
circulation cuttings, 'Pad Material' is noted where samples are of
disturbed surficial fill (not in-situ rock).3All intervals are
reported as drilled thicknesses; true thicknesses are estimated to
be 50-100% of drilled thicknesses.4Reported Au assay grade sourced
from ALS using Au-AA26 method (* indicates finalized Au-GRA22
results).
3 Aces Project, YukonThe 3 Aces
Project is an orogenic gold target consisting of 1,734 claims
covering 357 km² (35,700 ha) in southeast Yukon. The Company has
focused exploration on the 13.5 km2 Central Core Area, a broad
gold-in-soil anomaly, where numerous orogenic gold-bearing quartz
veins have been discovered. Exploration over the past 18 months has
systematically advanced the project by establishing: (1) high gold
grades can be reliably sampled; (2) gold mineralization is in
predictable stratigraphic locations; and (3) gold grades have
robust continuity within the recognized controlling features.
Results have led to a geological model that predicts extensive
lateral and vertical continuity of the 3 Aces mineral system.
The Company is now developing strategies to establish continuity
between the Central Core Area and other mineralized zones along the
40km strike of the 3 Aces property.
The current exploration concepts on the 3 Aces
Property are based on the models developed for orogenic gold
deposits. Orogenic gold deposits are among the world’s largest and
richest. The primary characteristics of the 3 Aces property that
make the orogenic gold model an appropriate one are: (1) mid-to
upper-crustal level crack-seal style quartz veins; (2) extreme
competency contrasts between lithologies, facilitating permeability
for gold deposition; (3) crustal-scale regional faults that provide
extended pathways for deeply sourced fluids; and (4) a prolonged
polyphase deformation history.
Sampling Methodology, Quality Control and
AssuranceAll analyses for the drill samples from the
program were performed by ALS with sample preparation in BC,
Kamloops, BC and assaying in either Lima, Peru, Vientiane, Laos or
North Vancouver, BC. Drill samples were analyzed using a 50 g fire
assay with atomic absorption finish (Au-AA26) or gravimetric finish
(Au-GRA22) on over limit results. If the procedure returned a value
of 2.0 g/t gold or greater it is re-run using a 2kg screen metallic
gold method (Au-SCR24). Refer to the Company’s news release dated
July 10th, 2017 for a complete discussion of sampling methods,
quality control and assurance.
The technical content of this news release has
been reviewed and approved by Mark Shutty, CPG, a Qualified Person
as defined by National Instrument 43-101 and an employee of the
Company.
Golden Predator Mining
Corp. Golden Predator Mining Corp. is a gold
exploration company focused on its district scale, orogenic
gold-in-quartz 3 Aces Project in Canada’s Yukon. The Company also
holds 100% of the advanced Brewery Creek Project in Yukon, Canada.
With proven management and an experienced technical team, the
Company is well positioned for growth.
For additional information: Janet Lee- Sheriff Chief
Executive Officer (604)260-0289 info@goldenpredator.com
www.goldenpredator.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein. This press release contains
forward-looking information that involve various risks and
uncertainties regarding future events. Such forward-looking
information can include without limitation statements based on
current expectations that the private placement will complete as
described herein, that the Project will advance through permitting
and feasibility. Actual results and future events could
differ materially from those anticipated in such information. These
and all subsequent written and oral forward-looking information are
based on estimates and opinions of management on the dates they are
made and are expressly qualified in their entirety by this notice.
Except as required by law, the Company assumes no obligation to
update forward-looking information should circumstances or
management's estimates or opinions change.
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