Golden Predator drills 8 metres of 50.4 g/t gold at 3 Aces

Golden Predator’s 3 Aces Gold Project in southeastern Yukon Territory. Source: Golden Predator Mining Corp.

Golden Predator Mining Corp. [GPY-TSXV; NTGSF-OTCQX] reported assay results for eight reverse circulation (RC) drill holes and 10 diamond core drill holes at the 3 Aces Project in southeastern Yukon. The drill program has focused on the Spades Zone to provide appropriate drill density for interpretation and modelling of the gold mineralization in the high-grade vein system.

The company also reports a new discovery of gold in quartz veining at the new Ace of Diamonds and Three of Diamonds, which were discovered through the ongoing sampling and mapping program.

Significant results include:

  • Hole 3A17-124: 4.57 m of 58.75 g/t gold, including 1.52 m of 121.75 g/t gold
  • Hole 3A17-132: 13.30 m of 6.69* g/t gold, including 1.95 m of 25.64* g/t gold
  • Hole 3A17-134: 4.6 m of 18.77* g/t gold, including 1.5 m of 36.6* g/t gold
  • Hole 3A17-138: 1.5 m of 8.31* g/t gold, and 8.0 m of 50.4* g/t gold, including 1.0 m of 156.0* g/t gold
  • Hole 3A17-131: 13.75 m of 65.31 g/t gold, and 4.55 m of 46.90 g/t gold, including 0.95 m of 209 g/t gold (Grade Verification)
  • Hole 3A17-133: intersected 6.0 m of 15.98* g/t gold, including 1.5 m of 49.93* g/t gold, and 16.2 m of 20.5* g/t gold, including 5.1 m of 57.77* g/t gold (Grade Verification)

Intervals reported with an asterisk (*) are results from 50g Fire Assay. These intervals have been submitted for Metallic Screen Analysis, which are pending. Metallic Screen Analysis may report higher or lower gold values than 50g Fire Assay. To date, overall average gold values increase in reported grade when comparing Metallic Screen Analysis to 50g Fire Assay.

The drill results reported include step-out and in-fill holes at the Spades Zone, as well as, two grade verification diamond core holes. Step-out holes 3A17-137 and 3A17-138 extend mineralization along strike, intercepting quartz veining 10m apart and 17m from previous drilling. Hole 3A17-137 returned 1.5m of 68.30* g/t gold and 5.5m of 7.24* g/t gold with hole 3A17-138 returning 1.5m of 8.31* g/t gold and 8m of 50.4* g/t gold. The grade verification holes have confirmed grades in areas previously explored with reverse circulation drilling. Hole 3A17-131 intersected the best mineralized interval reported to date from the 3 Aces Project at 13.75 m of 65.31 g/t gold, and lower in the same hole another interval of 4.55 m of 46.90 g/t gold. Hole 3A17-133 intercepted a blind vein with 1.15 m of 73.2* g/t gold at a depth of 60.1m, some 25m below the nearest previously known intercept. Results continue to confirm the potential for near surface and high-grade underground targets and are part of a fully-funded 40,000m drill program, which will continue throughout 2017.

Golden Predator also discovered quartz breccias containing up to 3.21 g/t gold at the newly discovered Three of Diamonds. Discovery of gold in the lower stratigraphy that hosts the Diamonds Zone supports the theory that deep mineralization underlies the Spades, Hearts and Clubs Zones. Expansion into the Diamonds Zone significantly enhances the overall potential of the Central Core Area.

Complete location maps can be found on the company’s website at: http://goldenpredator.com/_resources/news/3Aces_PressReleaseMaps_20170808.pdf

Filed in: Gold, Resources

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