| | Published : May 03rd, 2017 | Predator Expands 3 Aces Project Drill Program by 100%; Provides Update on Bulk Sample Processing |
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Golden Predator Expands 3 Aces Project Drill Program by 100%; Provides Update on Bulk Sample Processing
Vancouver, BC, May 3, 2017: Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) (the �Company� or �Golden Predator�) is pleased to announce the expansion of the 2017 drill program at its 3 Aces Project in Southeast Yukon. The previously announced 20,000 m drill program is being increased to 40,000 m based on ongoing success from the exploration program1. Thus far 6,900 m of reverse circulation drilling has been completed since the program began in February 2017. Drilling has been focused in the Spades Zone and is testing the depth and strike extensions of the Ace of Spades vein, deeper stockwork mineralization, and initial targets at the Jack, Queen, Seven and Three of Spades. Final assay results are pending.
To view maps of the 2017 drill program at the 3 Aces Project please visit:
http://goldenpredator.com/_resources/maps/3Aces_Map10_Drilling_20170314.pdf
The Company also announces it has recommenced processing of the 2016 bulk sample material from the Ace of Spades following the refurbishment of the processing plant2. During the initial test of the 2016 bulk sample, 88 tons of an estimated 750 ton stockpile3 were processed. A total of 4.6 kilograms of concentrate was recovered from the shaker tables. This concentrate was smelted and poured directly into a dor� bar containing 81.4 troy ounces of gold and 7.8 troy ounces of silver.
Daily head and tail assays collected from the plant since recommissioning continue to indicate above 80% average overall gold recovery by gravity with estimated throughput of 1.25 dry short tons per hour. In addition to the precious metal concentrate reported above, additional gold remains in the gravity middling or sulphide concentrate which will be processed by a 3rd party at a later date. Metallurgical testing has indicated additional potential for recovery of 93% to 98% with leaching of the tails4.
The remainder of the approximately 670 tons will be processed within the next two months and the results will be disclosed upon completion. The Company plans to conduct additional bulk sampling under its existing permit in order to reconcile drill sample results to contained gold, and to establish the metallurgical characteristics of the various mineralized veins at 3 Aces.
Management Change
The Company has reappointed Greg Hayes, CPA, as acting Chief Financial Officer following completion of the audited annual financial statements for the period ended December 31, 2016. Greg is a member of the Board of Directors and previously served as acting Chief Financial Officer of the Company from June 2015 to October 2016. He brings extensive experience in the public sector and considerable knowledge of Golden Predator. The Company would like to thank Kathryn Johnson for her contribution to the Company.
3 Aces Project, Yukon
The 3 Aces Project includes the 3 Aces, Reef, and Hy-Jay properties consisting of 1,734 claims covering 357 km� (35,700 hectares) in southeast Yukon. The project is located along the all-season Cantung Mine Road which accesses the Cantung Mine, 40 km to the north. The 3 Aces Project, which includes the two highest grade surface discoveries to date in the Yukon, has 30 mineralized veins that have been discovered through sampling, trenching, roadwork and drilling over 762 m (2,500 feet) of elevation within the Central Core area.
Surface outcrops of gold bearing quartz veins were discovered on the property, then advanced with extensive soil sampling and helicopter supported core drilling, which outlined significant gold anomalies over a Central Core Area of 10.5 km2. Previous exploration work by Golden Predator in 2015 and 2016, which includes metallurgical studies, rotary air blast (RAB) drilling, RC drilling and bulk sampling, focused on establishing reproducible gold grades and continuity of the Ace of Spades vein where previous Diamond drilling had returned inconsistent grades. The work in 2015 and 2016 confirmed the high gold grades of the vein by utilizing a sampling protocol derived from the metallurgical studies that are resulting in consistent and reproducible estimation of gold grades within the veins.
The 3 Aces property is in the traditional territory of the Kaska Nation. In January 2013, Golden Predator signed an Exploration Agreement with the Kaska Nation, as represented by the Ross River Dena Council and the Liard First Nation, with respect to activities within their traditional territories. The 3 Aces Project operates under a Class 4 Mining Land Use Permit.
2016 Drill Program Recap
The Company completed a 54-hole (4,315 m) drill program during the winter of 2016. The program included 3,776 m of reverse circulation (RC) drilling utilizing a large 5.5 inch diameter drill bit and 539 m of PQ-size (3.35 inch diameter) Diamond core drilling. Fifty-two of the 54 drill holes reached their targeted depths. Drilling commenced in the Spades Zone before testing several previously undrilled targets in the Clubs Zone and conducting confirmation and infill drilling at the Hearts Zone.
Style and Mode of Occurrence of the 3 Aces Gold Mineralization System
Rock types, structure, vein geometry and both alteration and ore mineralogy at 3 Aces are compatible with an orogenic gold model. The quartz veins are developed along bedding parallel shears zones believed to be related to mid Mesozoic compression within the Selwyn fold-thrust belt. Neoproterozoic age, shale, sandstone and pebble conglomerate of the Hyland group are metamorphosed to lower greenschist facies and have been intensely sheared and folded along regional scale thrust faults. The bounding thrust faults are north striking and shallow east dipping shear zones that display movement over an extended period of time. Field and laboratory research show that the rock package was mineralized at significant depth in the crust and by high temperature fluids.
Within the Hyland group rock package the strongest and highest grade veins are preferentially at the stratigraphic contact between a thick package of less competent shale-phyllite-slate and underlying brittle competent, sandstone-quartz pebble conglomerate. Field relationships and polished section microscopy suggest multiple episodes of mineralization and alteration.. Alteration is dominated by the introduction of quartz and carbonate minerals associated with sulfide minerals that include pyrrhotite, pyrite, sphalerite, galena as well as gold and electrum.
The structural setting and style of mineralization observed at 3 Aces is similar to other orogenic gold districts in the world, including the Mother Lode deposits in California USA and the western Tien Shen gold belt of Uzbekistan. Although the style and setting of the mineralization at 3 Aces has commonalities with well-known deposits the ultimate size and grade potential of 3 Aces has yet to be demonstrated, requiring significantly more geological work. The comparisons, based on field observations, are presented as illustrations of analogous exploration models guiding work at 3 Aces..
The technical content of this news release has been reviewed and approved by Mark C. Shutty, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company.
1 News Release dated February 23, 2017 2 News Release dated June 6, 2016 3 News Release dated August 18, 2016 4 News Release dated December 2, 2014
Golden Predator Mining Corp.
Golden Predator Mining Corp., a well-financed Canadian gold mineral exploration company is expanding surface discoveries, at its 3 Aces Project in Canada�s Yukon, through focused drilling. The 3 Aces property is a high-grade gold in quartz project with an exploration program underway that includes sampling, trenching, drilling and bulk sampling to define and interpret the project. The Company also holds the Brewery Creek Project in Canada�s Yukon.
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.
This message was sent by Golden Predator Mining Corp. You may contact Golden Predator Mining Corp. at: Golden Predator Mining Corp. Suite 555 - 701 West Georgia St. P.O.Box 10126 Vancouver, BC V7Y 1C6 (604) 260-5029 Info@goldenpredator.com |
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Golden Predator.
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PRODUCER |
CODE : GPY.V |
ISIN : CA38116P1053 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Golden Predator. is a gold development stage company based in Canada. Golden Predator. develops gold and silver in USA, and holds various exploration projects in Canada. Its main asset in production is BALD MOUNTAIN in USA, its main asset in development is TAYLOR MINE in USA and its main exploration properties are BREWERY CREEK, CLEAR CREEK, LANTERN DEPOSIT, ST. ELMO, BUENA VISTA/FRENCH BOY, CEDAR (NEVADA), BOND, OGOPOGO, DEL, AGATE, MEL, DAD, LED, CHOPIN, MCCONNEL, DOME HILL, GOLD (SCHEELITE) DOME, HARLAN, PHOENIX JV, ANTIMONY MOUNTAIN, WINDFALL LAKE, ALBERTA SUN, TUSCARORA, AFGAN, GREW CREEK, ADELAIDE, WILLOUGHBY, ALKALIC, ANGEL'S CAMP, GOLDEN RIDGE ( NEVADA), PAN, TONKIN PROJECT, SONORA GULCH, MARG, BRUIN CREEK and BROWNS CREEK in Canada and GUIJOSO and MAGISTRAL I in Mexico. Golden Predator. is listed in Canada. Its market capitalisation is CA$ 14.7 millions as of today (US$ 11.6 millions, € 9.8 millions). Its stock quote reached its highest recent level on November 19, 2010 at CA$ 9.80, and its lowest recent point on April 25, 2014 at CA$ 0.03. Golden Predator. has 91 570 000 shares outstanding. |
Corporate Presentations of Golden Predator. |
In the News and Medias of Golden Predator. |
Annual reports of Golden Predator. |
Financings of Golden Predator. |
Nominations of Golden Predator. |
Project news of Golden Predator. |
8/18/2016 | (3ace Property)Predator Pours First Gold from Bulk Sample |
8/15/2016 | (3ace Property)Predator Discovers Coarse Visible Gold in New Vein at 3 Aces... |
9/27/2012 | (Brewery Creek)arranges USD $35,000,000 Loan Facility with RK Mine Finance;... |
7/16/2012 | (Brewery Creek)and Tr'ondek Hwech'in First Nation Update Brewery Creek Proj... |
7/10/2012 | (Brewery Creek)Drilling extends Brewery Creek\222s Bohemian Zone... |
3/5/2012 | (Brewery Creek)Drills Third Major Brewery Creek Discovery; Classic Zone Hos... |
1/5/2012 | (Pan)continues to expand North Slope Zone at its Brewery Creek Pr... |
12/5/2011 | (Pan)Calculates NPV of Royalty Interest in Pan Project at USD $32... |
9/1/2011 | Acquires Livingstone District; Now Controls Largest Land Pos... |
8/11/2011 | (Brewery Creek)Continues Easterly Extension of Bohemian-Schooner Zone at Br... |
8/11/2011 | (Brewery Creek)Continues Easterly Extension of Bohemian-Schooner Zone at
... |
7/26/2011 | (Harlan)Commences Drill Program on its Enticing Harlan Project in
... |
7/18/2011 | (Brewery Creek)Investigates Gold Recovery from Existing Heap Leach Pad at
... |
7/5/2011 | (Grew Creek)drills 92.0 m of 2.02 g/t Gold; Commences Resource
Calcu... |
6/1/2011 | (Brewery Creek)Triples 2011 Budget, Adds Second Drill, and Plans for Third
... |
5/26/2011 | (Grew Creek)Intersects 98.3 m of 1.83 g/t Gold at Carlos Zone, Grew Cree... |
4/26/2011 | (Brewery Creek)Intersects 74 m of 7.08 g/t Gold 250m East of Bohemian Zone,... |
4/21/2011 | (Harlan)Increases Land Position in the Yukon's Selwyn Basin to 7,800... |
4/14/2011 | (Swede Dome)Stakes 4 Project Areas in Historic Yukon Placer Headwaters |
4/8/2011 | (Brewery Creek)Intercepts 28 m of 5.06 g/t Gold at Brewery Creek's Bohemian... |
3/24/2011 | (Brewery Creek)expands Bohemian Discovery with 32.9 m of 3.01 g/t Gold at
... |
2/22/2011 | (Brewery Creek)COMMENCES 2011 YUKON DRILL PROGRAM |
1/24/2011 | (Harlan)Acquires Harlan Property, Yukon |
1/6/2011 | (Mcconnel)Acquires McConnell Property, Yukon |
11/30/2010 | (Gold (scheelite) Dome)Intercepts 21.95 m of 1.00 g/t Gold from Hawthorne Ridge Zon... |
12/10/2009 | (Brewery Creek)Intersects 20.17 gpt Gold over 1.90 m and 4.72 gpt Gold over... |
11/16/2009 | (Gold (scheelite) Dome)Intersects 11.12 gpt Gold over 25.40 m including 52.35 gpt G... |
11/5/2009 | (Antimony Mountain)Intersects 12.45 gpt Gold over 4.88 m including 28.81 gpt Go... |
8/10/2009 | (Adelaide)completes Technical Report on the Adelaide Project, Nevada |
6/8/2009 | (Brewery Creek)GOLDEN PREDATOR ACQUIRES BREWERY CREEK PROJECT, YT |
2/11/2009 | (High Grade Gp) Reports on Initial Exploration at High Grade Project |
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Corporate news of Golden Predator. |
8/2/2016 | Golden Predator Increases Previously Announced Offering to C... |
7/26/2016 | Golden Predator Closes C$16.36 Million Financing; Includes C... |
7/13/2016 | Golden Predator Commences Geotechnical and Metallurgical Dri... |
7/6/2016 | Golden Predator Increases Previously Announced Offering to C... |
6/27/2016 | Golden Predator and Tr’ondëk Hwëch’in Amend Brewery Creek Pr... |
6/27/2016 | Golden Predator Announces $7,300,000 Investment By Eric Spro... |
6/20/2016 | Golden Predator Intersects 11.43m of 31.82 g/t Gold at 3 Ace... |
6/16/2016 | Golden Predator Retires 10,312,154 Common Shares |
6/13/2016 | Tony Lesiak Appointed to Golden Predator’s Board of Director... |
6/10/2016 | Golden Predator Exercises Option to Acquire Shares |
6/8/2016 | Till Capital Receives $1,546,823 CDN From Sale of Golden Pre... |
6/7/2016 | McEwen Mining’s Stefan Spears Appointed to Golden Predator’s... |
6/6/2016 | Golden Predator Reports Initial Gold Gravity Recoveries of 8... |
1/25/2016 | Golden Predator Recovers 79.9 to 90.8% Gold from 3 Aces Prel... |
1/4/2016 | Golden Predator Announces TSXV Approval of Castle West Prope... |
10/6/2015 | Golden Predator Chairman Increases Holdings |
10/2/2015 | Golden Predator Announces Stock Option Grant |
9/30/2015 | Golden Predator Arranges CDN $300,000 Line of Credit |
9/30/2015 | Golden Predator Arranges CDN$300,000 Line of Credit |
9/14/2015 | Golden Predator Confirms Continuity of High Grade Gold from ... |
9/14/2015 | IIROC Trading Resumption - GPY |
9/14/2015 | IIROC Trading Halt - GPY |
9/11/2015 | Golden Predator announces re-election of board at Annual Gen... |
9/3/2015 | Golden Predator Announces Board and Management Appointments;... |
9/3/2015 | IIROC Trading Resumption - GPY |
9/2/2015 | Golden Predator Announces Board and Management Appointments;... |
9/2/2015 | Till Capital Announces Board and Executive Changes |
8/24/2015 | Till Capital Reports on Golden Predator Annual General Meeti... |
8/21/2015 | IIROC Trading Halt - GPY |
7/30/2015 | Golden Predator Adopts Advance Notice Policy |
7/16/2015 | Golden Predator Announces Convertible Debenture Financing |
6/22/2015 | Golden Predator Receives 3 Aces Permit |
4/21/2015 | Golden Predator Completes First Note Payable Payment |
3/30/2015 | Golden Predator Announces Joint Venture and Option Agreement... |
3/16/2015 | Golden Predator Announces Joint Venture and Option Agreement... |
12/2/2014 | Metallurgical Tests Indicate 93.5% to 98.3% Overall Gold Rec... |
11/20/2014 | Golden Predator Files Preliminary Economic Assessment Result... |
11/12/2014 | Golden Predator Announces Positive Preliminary Economic Asse... |
10/22/2014 | Golden Predator Appoints Janet Lee-Sheriff as Chief Executiv... |
9/4/2014 | Gravity Tests Indicate 87% to 96% Gold Recovery at Golden Pr... |
8/25/2014 | Golden Predator Leases the Castle West Property, Nevada |
8/5/2014 | Preliminary Economic Assessment on Brewery Creek Project, Yu... |
7/15/2014 | Golden Predator Commences Preliminary Metallurgical Characte... |
7/10/2014 | Golden Predator Announces Former Yukon Premier Dennis Fentie... |
2/21/2013 | to start trading as Americas Bullion Royalty Corp. (TSX:AMB)... |
2/19/2013 | and Tr\222ondek Hwech\222in ... |
2/19/2013 | and Tr'ondek Hwech'in Disagree with YESAB |
2/7/2013 | Approves Creation of Shareholder Rights Plan, Finalizes Name... |
1/30/2013 | Silver Predator and Redtail Metals Sign Exploration Agreemen... |
1/24/2013 | (Rogue)Discovers High-grade Gold Mineralization on Rogue B Property... |
1/18/2013 | Announces Name Change to Gold Bullion Royalty Corp. |
1/8/2013 | Tr'ondek Hwech'in and Golden Predator Continue to Work Toget... |
1/8/2013 | Tr'ondëk Hwëch'in and Golden Predator Continue to Work Toget... |
11/5/2012 | (Brewery Creek)- Classic Zone Drilling Intersects 41.2 m of 1.04 g/t
Go... |
10/12/2012 | William Sheriff, Chairman & CEO, Interviewed on BNN's Commod... |
10/11/2012 | (Alkalic)Announces New Brewery Creek Discovery; Open-Ended Lone Star ... |
10/11/2012 | (Alkalic)Announces New Brewery Creek Discovery: Open-Ended Lone Star
... |
10/4/2012 | (Brewery Creek)Lower Fosters Zone Drilling Intersects 29.0 m of 1.86 g/t Go... |
7/19/2012 | New Mineralization Encountered at Moosehead Pit, Brewery Cre... |
7/16/2012 | and Tr\222ond\353k Hw\353ch\222in ... |
6/28/2012 | JOINT NEWS RELEASE: Golden Predator Corp. and Seabridge Gold... |
6/7/2012 | Joint News Release: Golden Predator Corp. and Seabridge Gold... |
5/1/2012 | Announces Resource Estimate at Brewery Creek Project of 580,... |
3/22/2012 | (Brewery Creek)Sleeman Zone Drilling Intersects 40.9 m of 1.81 g/t Gold and... |
3/15/2012 | (Brewery Creek)Bohemian-Schooner Zone Drilling Intersects 24.0 m of 1.47 g/... |
2/23/2012 | (Grew Creek)Intersects 68 m of 5.96 g/t Gold at Carlos Zone, Grew Creek ... |
2/22/2012 | (Brewery Creek)East Big Rock Zone Drilling Intersects 15.2 m of 1.93 g/t Go... |
1/20/2012 | Upcoming Events |
1/12/2012 | (Brewery Creek)intersects 30.5 m of 1.97 g/t Gold at its Brewery Creek Proj... |
1/10/2012 | (Harlan)announces New Gold Discovery at Cache Creek (Harlan) Project... |
1/9/2012 | (Brewery Creek)Encounters 35.1 m of 1.63 g/t Gold and 136.72 g/t Silver at ... |
9/12/2011 | 100%\240OF\240EXPIRING\240WAR... |
8/29/2011 | (Pan)Brewery Creek\222s Expanding Sle... |
8/5/2011 | and Ross River Dena Council Sign Traditional Knowledge
P... |
6/30/2011 | (Pan)Continues to Expand Brewery Creek's Bohemian-Schooner Zone |
6/21/2011 | (Grew Creek)Intersects 46.7m of 3.78 g/t Gold at Carlos Zone, Grew Creek... |
3/17/2011 | RECEIVES 5,000,000 SHARES OF SILVER PREDATOR CORP. |
9/29/2009 | Provides Update on Yukon Projects |
7/28/2009 | Drilling Commences at Gold Dome Project, Yukon Territory |
3/7/2009 | Completes Spin-Out |
3/5/2009 | Announces Voting Results of Special Meeting |
3/3/2009 | Timing of Shareholders Meeting To be Held On March 4, 2009 |
2/26/2009 | to Retire Convertible Debentures of Subsidiary |
2/13/2009 | Confirms Date of Shareholder Meeting |
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