Ms. Janet Lee-Sheriff reports
GOLDEN PREDATOR INTERSECTS 11.43M OF 31.82 G/T GOLD AT 3 ACES PROJECT
Golden Predator Mining Corp. has released the assay results for the previously announced reverse circulation (RC) drill
program at the 100-per-cent-owned 3 Aces project in southeastern Yukon.
Highlights from the program include:
- 3A16-RC003 with 6.4 metres of 13.8 grams per tonne gold from a depth of 22.55 metres, including 1.83 metres of
31.32 grams per tonne gold;
- 3A16-RC007 with 2.28 metres of 96.78 grams per tonne gold from a depth of 3.51 metres, including 0.76 metre of
272 grams per tonne gold;
- 3A16-RC015 with 11.43 metres of 31.89 grams per tonne gold from a depth of 12.8 metres, including 6.1 metres of
50.5 grams per tonne gold;
- 3A16-RC025 with 10.36 metres of 14.3 grams per tonne gold from a depth of 10.06 metres, including 0.76 metre of
53.1 grams per tonne gold, 2.29 metres of 22.54 grams per tonne gold and 0.46 metre of 42.9 grams per tonne gold.
"These drill results continue to demonstrate impressive values along with an apparent thickening of the
mineralization with depth," said Janet Lee-Sheriff, chief executive officer. "With each successive
program, we continue to demonstrate continuity of mineralization and expand our working knowledge
of the nature of the veins and mineralization at 3 Aces. We look forward to applying this knowledge to
the systematic exploration of additional veins across the project, while continuing to expand the
mineralization along the Sleeping Giant vein."
A total of 31 RC drill holes totalling 510 metres (1674.5 feet) were drilled to test downdip and along strike of the
approximately 750-ton bulk sample extracted from the Sleeping Giant vein. Holes 1 through 28 were
drilled from a large drill pad constructed approximately two metres below the deepest extent of the already
completed bulk sampling program. All holes encountered the mineralized structure as expected, and
with the exception of hole 12, which was the most southerly hole, returned at least one sample of
greater than two grams per tonne gold. Significant intercepts are listed in the attached table. Any holes with less than four grams per tonne
gold over 1.5 metres are not deemed significant. The vein remains open along strike and downdip.
Holes 29 to 31 were drilled from a pad approximately 20 metres below the main drill pad. Hole 29 was drilled
to test the field interpretation of a shallowly plunging high-grade mineralized shoot to the northwest in
the Sleeping Giant vein. The drilling did not intersect a shoot in this direction as predicted. Hole 29 did
intersect a previously undrilled vein located at surface on the drill pad, returning a value of 13 grams per tonne gold
over 0.76 metre. Hole 30 and 31 were shallow holes testing along the interpreted strike of the undrilled vein
and returned values of 2.9 grams per tonne gold over 0.61 metre and 1.06 grams per tonne gold over 0.76 metre, respectively.
SLEEPING GIANT ZONE -- 3 ACES PROJECT
Hole ID From To Drilled Au
(m) (m) width (g/t)
(m)
3A16-RC-001 (305, -45) 0.30 4.11 3.81 9.33
Including 0.30 1.83 1.53 14.85
3A16-RC-003 (305,-80) 22.55 28.95 6.40 13.80
Including 22.55 24.38 1.83 31.32
3A16-RC-005 (305, -45) 3.20 6.25 3.05 7.28
3A16-RC-006 (305, -45) 7.47 9.75 2.28 5.76
3A16-RC-007 (305, -45) 3.51 5.79 2.28 96.78
Including 5.03 5.79 0.76 272.00
3A16-RC-008 (305, -45) 7.62 9.91 2.29 13.65
Including 7.62 8.38 0.76 29.10
3A16-RC-009 (305, -45) 2.44 5.03 2.59 9.32
Including 3.51 4.27 0.76 17.80
3A16-RC-010 (305, -45) 7.62 9.14 1.52 17.73
3A16-RC-013 (305, -45) 1.22 4.27 3.05 6.49
Including 3.51 4.27 0.76 19.05
3A16-RC-014 (305, -45) 3.81 4.57 0.76 4.48
and 8.38 9.14 0.76 15.85
3A16-RC-015 (305, -45) 12.80 24.23 11.43 31.89
Including 12.80 18.90 6.10 50.50
3A16-RC-016 (305, -45) 13.72 16.00 2.28 7.98
3A16-RC-017 (305,-80) 21.94 24.23 2.29 4.77
3A16-RC-018 (305,-80) 18.44 19.20 0.76 7.97
And 25.30 27.58 2.28 28.87
3A16-RC-021 (305, -45) 2.13 3.66 1.53 29.11
3A16-RC-022 (305, -45) 3.20 6.25 3.05 7.39
Including 3.20 3.96 0.76 19.75
3A16-RC-024 (305,-80) 22.55 24.38 1.83 9.94
3A16-RC-025 (305,-80) 10.06 20.42 10.36 14.30
Including 10.06 10.82 0.76 53.10
Including 16.15 18.44 2.29 22.54
Including 19.96 20.42 0.46 42.90
3A16-RC-026 (305,-80) 9.91 12.95 3.04 8.27
Including 9.91 10.67 0.76 13.60
3A16-RC-027 (305, -45) 5.49 7.01 1.52 4.05
3A16-RC-029 (330,-80) 2.44 3.20 0.76 13.00
Note: Assay composites were calculated using uncut assays and are
reported as drilled widths. The "-45" holes are interpreted as
100-per-cent true width, "-80" holes are 82-per-cent true width.
The attached table uses a cut-off grade of four grams per tonne, except for internal assays of 10 grams per tonne gold, and any other samples within a mineralized
interval and over 0.5 gram per tonne gold were analyzed by screen metallics gold. The screen metallics gold (Au-SCR21) procedure collects two-kilogram splits from each drill sample, and they were analyzed for gold. The
two-kilogram pulp is passed through a 150-mesh screen and material remaining on the screen is
analyzed in its entirety by fire assay with gravimetric finish. The undersize material is homogenized and
analyzed by fire assay with AAS finish.
No field-split samples were submitted, and samples consisted entirely of whole-interval cuttings. Quality
control and assurance consisted of 10-per-cent laboratory duplicates and blanks. No standard reference
materials were analyzed in conjunction with the drill samples.
The technical content of this news release has been reviewed and approved by Mike Burke, PGeo, a
qualified person as defined by National Instrument 43-101, and chief geologist for the company.
We seek Safe Harbor.
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