Ms. Janet Lee-Sheriff reports
GOLDEN PREDATOR REPORTS ADDITIONAL HIGH-GRADE DRILL RESULTS FROM 3 ACES PROJECT
Golden Predator Mining Corp. has released results of 43 grade control drill holes at the 3 Aces project in southeastern 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 per cent of the gold in the central Spades zone can be recovered using gravity methods only (see Dec. 7, 2017, news release).
Highlights include:
- Hole 3A17-208 intersected 4.57 metres of 81.35 grams per tonne gold from a depth of 0.76 metre.
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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.
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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.
"High-grade gold deposits like 3 Aces require us to exercise great care to establish reliable sampling, assaying, and geological modelling 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 were drilled on grids with a five 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-tonne-per-day gravity processing plant.
3 ACES PROJECT -- SIGNIFICANT DRILL RESULTS TABLE -- SPADES ZONE
Hole From To Drilled width (2) Au (3)
ID (m) (m) (m) (g/t)
3A17-193 0.76 5.33 4.57 1.38
and 19.05 19.81 0.76 7.76
3A17-194 0.00 2.29 2.29 8.94
3A17-195 0.76 1.52 0.76 4.18
3A17-197 0.76 3.81 3.05 5.49
3A17-199 0.00 1.52 1.52 5.23
and 1.52 3.05 1.53 8.89
including 1.52 2.29 0.77 16.00
3A17-200 0.00 0.76 0.76 2.13
and 0.76 3.81 3.05 5.41
3A17-201 9.91 10.67 0.76 6.00
3A17-206 0.00 1.52 1.52 4.12
and 1.52 12.95 11.43 2.06
including 4.57 5.33 0.76 9.11
including 9.14 10.67 1.53 5.55
3A17-207 0.00 1.52 1.52 25.60
and 5.33 7.62 2.29 4.35
3A17-208 0.00 0.76 0.76 34.50
and 0.76 5.33 4.57 81.35
including 0.76 2.29 1.53 203.07*
and 13.72 15.24 1.52 13.86
including 13.72 14.48 0.76 24.90
3A17-209 2.29 23.62 21.33 18.33
including 12.19 12.95 0.76 58.30
including 21.34 22.10 0.76 98.90*
3A17-210 0.00 1.52 1.52 3.00
and 9.91 11.43 1.52 12.61
3A17-211 1.52 9.91 8.39 14.05
including 5.33 6.10 0.77 45.50
3A17-212 0.00 2.29 2.29 21.81
including 0.76 1.52 0.76 57.70
3A17-213 0.00 3.05 3.05 14.13
including 0.76 2.29 1.53 21.54
3A17-214 0.00 7.62 7.62 11.19
including 2.29 3.05 0.76 37.50
3A17-215 0.00 5.33 5.33 49.37
including 3.05 3.81 0.76 206.00*
3A17-216 0.00 3.81 3.81 2.43
and 3.81 7.62 3.81 35.80
and 14.48 15.24 0.76 3.31
and 19.05 20.57 1.52 7.66
3A17-217 6.10 13.72 7.62 12.24
including 11.43 12.95 1.52 37.10
and 21.34 22.10 0.76 6.61
and 25.91 26.67 0.76 8.71
3A17-218 5.33 18.29 12.96 14.19
including 5.33 15.24 9.91 17.80
including 7.62 8.38 0.76 72.90
3A17-219 3.81 4.57 0.76 8.39
and 6.86 11.43 4.57 33.45
including 9.91 10.67 0.76 177.00*
3A17-220 0.00 1.52 1.52 11.09
and 1.52 15.24 13.72 43.02
including 6.10 6.86 0.76 550.00*
including 13.72 15.24 1.52 73.75
3A17-222 4.57 9.91 5.34 27.30
including 5.33 6.10 0.77 94.30
including 7.62 8.38 0.76 59.60
3A17-224 1.52 11.43 9.91 21.81
including 6.86 10.67 3.81 45.08
3A17-225 1.52 11.43 9.91 18.76
including 3.81 4.57 0.76 65.00
including 6.10 8.38 2.28 42.17
3A17-226 0.00 9.91 9.91 0.73
3A17-227 0.76 9.14 8.38 0.90
3A17-230 0.76 3.81 3.05 88.27
including 1.52 3.05 1.53 170.68*
3A17-231 0.00 0.76 0.76 12.35
and 0.76 1.52 0.76 7.21
3A17-232 0.00 0.76 0.76 10.50
and 0.76 3.05 2.29 68.34
including 2.29 3.05 0.76 111.00*
3A17-233 0.00 9.91 9.91 0.68
3A17-234 1.52 2.29 0.77 3.08
3A17-236 0.00 9.14 9.14 1.05
3A17-237 0.00 9.91 9.91 2.68
3A17-238 0.76 9.91 9.15 41.03
including 0.76 1.52 0.76 487.00*
3A17-239 0.76 9.14 8.38 1.53
3A17-240 0.76 2.29 1.53 11.34
3A17-241 2.29 4.57 2.28 22.14
including 3.81 4.57 0.76 43.90
3A17-243 0.76 5.33 4.57 8.28
including 4.57 5.33 0.76 24.70
(1) Significant 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 zero m to 2.29 m include 0.77 m
averaging 2.78 g/t Au.
-- 3A17-197's significant results from 0.76 m to 3.81 m include 0.76 m
averaging 2.36 g/t Au.
-- 3A17-199's significant results from 1.52 m to 3.05 m include 0.76 m
averaging 1.69 g/t Au.
-- 3A17-200's significant results from 0.76 m to 3.81 m include 0.76 m
averaging 1.85 g/t Au.
-- 3A17-206's significant results from zero m to 1.52 m include 0.76 m
averaging 1.04 g/t Au.
-- 3A17-207's significant results from 5.33 m to 7.62 m include 0.76 m
averaging 1.2 g/t Au.
-- 3A17-208's significant results from 13.72 m to 15.24 m include 0.76
m averaging 2.82 g/t Au.
-- 3A17-209's significant results from 2.29 m to 23.62 m include 7.62
m averaging 1.56 g/t Au.
-- 3A17-210's significant results from zero m to 1.52 m include 0.76 m
averaging 2.7 g/t Au.
-- 3A17-211's significant results from 1.52 m to 9.91 m include 0.77 m
averaging 2.77 g/t Au.
-- 3A17-214's significant results from zero m to 7.62 m include 2.29 m
averaging 1.92 g/t Au.
-- 3A17-215's significant results from zero m to 5.33 m include 1.52 m
averaging 1.94 g/t Au.
-- 3A17-217's significant results from 6.1 m to 13.72 m include 2.28 m
averaging 1.47 g/t Au.
-- 3A17-218's significant results from 5.33 m to 18.29 m include 5.33
m averaging 1.27 g/t Au.
-- 3A17-219's significant results from 6.86 m to 11.43 m include 2.28
m averaging 1.54 g/t Au.
-- 3A17-220's significant results from 1.52 m to 15.24 m include 6.84
m averaging 1.33 g/t Au.
-- 3A17-225's significant results from 1.52 m to 11.43 m include 3.06
m averaging 0.34 g/t Au.
-- 3A17-238's significant results from 0.76 m to 9.91 m include 8.39 m
averaging 0.63 g/t Au.
-- 3A17-243's significant results from 4.57 m to 5.33 m include 0.76 m
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.
(2) All intervals are reported as drilled thicknesses; true
thicknesses are estimated to be 50 to 100 per cent of drilled
thicknesses.
(3) Reported Au assay grade sourced from ALS using Au-AA26 method
(* indicates finalized Au-GRA22 results).
3 Aces project, Yukon
The 3 Aces project is an orogenic gold target consisting of 1,734 claims covering 357 square kilometres (35,700 hectares) in southeastern Yukon. The company has focused exploration on the 13.5-square-kilometre 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 40 km 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 assurance
All analyses for the drill samples from the program were performed by ALS with sample preparation in British Columbia, Kamloops, B.C., and assaying in either Lima, Peru, Vientiane, Laos, or North Vancouver, B.C. Drill samples were analyzed using a 50-gram fire assay with atomic absorption finish (Au-AA26) or gravimetric finish (Au-GRA22) on overlimit results. If the procedure returned a value of 2.0 g/t gold or greater it is rerun using a two-kilogram screen metallic gold method (Au-SCR24). Refer to the company's news release dated July 10, 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 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 per cent of the advanced Brewery Creek project in Yukon, Canada. With proven management and an experienced technical team, the company is well positioned for growth.
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