Golden Predator Pours Gold Bar; Intersects 19.3m of 16.15 g/t Gold at 3 Aces Project
globenewswire.com
September 12, 2017 08:00 ET | Source: Golden Predator Mining Corp.
VANCOUVER, British Columbia, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) is pleased to announce that it has poured a 744 troy ounce gold doré bar from the #1 table concentrate of its initial 776 metric tonne bulk sample. The Company also announces results of the remaining 10 holes at the Ace of Spades. Subsequent drilling began on the northerly extension of the Hearts zone in August and on the newly discovered gold in quartz veins at the Diamonds zone in September.
Significant results include:
Hole 3A17-143: 19.3 m of 16.15* g/t gold, including 4.30 m of 42.37* g/t gold;Hole 3A17-149: 1.50 m of 24.67 g/t gold;Hole 3A17-157: 4.2 m of 20.04 g/t gold;Hole 3A17-147: 2.5 m of 15.51* g/t gold, and 3.5 m of 21.44* g/t gold (Grade Verification)
Intervals reported with an asterisk (*) include results from 50g Fire Assay. These intervals have been submitted for Metallic Screen Analysis, which are pending.
Complete location maps can be found on the Company’s website at:
globenewswire.com
Interim Bulk Sample Results
Final processing of the initial 776 metric tonne bulk sample was completed earlier this year. In addition to the 744 troy ounce bar just poured, the Company has arranged shipment of 86.4 kg of the #2 concentrate and over 1 metric tonne of the #3 concentrate to Sipi Metals in Chicago, Illinois, USA. Settlement is due within 60 days at which time a full reconciliation of the metal content of the bulk sample will be released including the original 96.72 troy ounce doré bar poured and sold in 20161. The original doré bar contained 85% fine gold and 8% fine silver.
Ace of Spades and Jack of Spades Drilling
Results of the remaining 10 holes reported from the recently completed diamond drilling at the Ace and Jack of Spades Zones have continued to confirm structural continuity throughout the zone. Importantly, hole 3A17-160 which intercepted 35.0 g/t gold from 168.0 to 169.0m, was drilled to offset a previously reported intercept of 22.20 g/t gold across 0.7m in hole 3A17-110 which was 150 m from the main mineralization at the Ace of Spades2. These two intercepts occur along a newly recognized vein projecting towards the Seven of Spades. Holes 3A17-143, 3A17-149, 3A17-151, 3A17-153, and 3A17-157 to 3A17-160 complete the in-fill drill program across the Ace/Jack Spades zone. Hole 3A17-147 was drilled to verify previous Ace Spades RC drill results and to acquire representative core through the mineralized vein. All ten holes encountered significant mineralization.
Significant Drill Results Table – Spades Zone
| Hole ID1 | Sample Type2 | From (m)
| To (m)
| Drilled Width (m)3
| Au g/t4
|
|
| 3A17-143 |
|
| DD
|
| 12.70 |
|
| 32.00 |
|
|
| 19.30 |
|
|
|
|
| 16.15* |
|
| including |
|
| DD |
| 12.70 |
|
| 17.00 |
|
|
| 4.30 |
|
|
|
|
| 42.37* |
|
| including |
|
| DD |
| 19.50 |
|
| 23.50 |
|
|
| 4.00 |
|
|
|
|
| 22.01 |
|
| including |
|
| DD |
| 29.50 |
|
| 30.65 |
|
|
| 1.15 |
|
|
|
|
| 11.28 |
|
| 3A17-149 |
|
| DD
|
| 11.50 |
|
| 13.00 |
|
|
| 1.50 |
|
|
|
|
| 24.67
|
|
| 3A17-151 |
|
| DD |
| 6.50 |
|
| 8.50 |
|
|
| 2.00 |
|
|
|
|
| 3.28 |
|
| 3A17-153 |
|
| DD
|
| 23.00 |
|
| 25.00 |
|
|
| 2.00 |
|
|
|
|
| 10.35 |
|
| 3A17-157 |
|
| DD
|
| 19.00 |
|
| 23.20 |
|
|
| 4.20 |
|
|
|
|
| 20.04 |
|
| 3A17-158 |
|
| DD |
| 22.00 |
|
| 25.00 |
|
|
| 3.00 |
|
|
|
|
| 3.46 |
|
| 3A17-159 |
|
| DD |
| 21.50 |
|
| 23.00 |
|
|
| 1.50 |
|
|
|
|
| 5.03* |
|
| 3A17-160 |
|
| DD
|
| 168.00 |
|
| 169.00 |
|
|
| 1.00 |
|
|
|
|
| 35.00* |
|
| 3A17-161 |
|
| DD |
| 19.40 |
|
| 20.85 |
|
|
| 1.45 |
|
|
|
|
| 3.25* |
|
| and |
|
| DD |
| 26.50 |
|
| 29.50 |
|
|
| 3.00 |
|
|
|
|
| 5.82* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3A17-147 |
|
| DD-GV
|
| 13.00 |
|
| 15.50 |
|
|
| 2.50 |
|
|
|
|
| 15.51* |
|
| and |
|
| DD-GV
|
| 18.50 |
|
| 22.00 |
|
|
| 3.50 |
|
|
|
|
| 21.44* |
|
| and |
|
| DD-GV |
| 25.00 |
|
| 26.00 |
|
|
| 1.00 |
|
|
|
|
| 3.19* |
|
| and |
|
| DD-GV |
| 38.50 |
|
| 39.60 |
|
|
| 1.10 |
|
|
|
|
| 7.76* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| | 1Drilled intervals assaying =3.0 g/t gold are reported in table as significant results; |
| - 3A17-143’s significant results from 12.70m to 32.00m include 10 sample intervals totaling 6.25m averaging 1.24* g/t Au between 13.50m ad 31.40m
| - 3A17-147’s significant results from 25.00m to 26.00m include 0.50m of 2.74* g/t Au at 25.50m
| - 3A17-158’s significant results from 22.00m to 25.00m include 1.70m of 2.91 g/t Au at 23.30m
| - 3A17-161’s significant results from 26.50m to 29.50m include 1.50m of 2.75* g/t Au at 28.00m
| | 2Sample Type ‘DD’ and ‘DD-GV’ represent ½ sawn, or ¼ sawn for duplicate, 3.35” (85mm) PQ core. |
| | 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-SCR24B method (* indicates finalized Au-AA26 results are used) |
3 Aces Project, Yukon
The 3 Aces Project consists of 1,734 claims covering 357 km² (35,700 hectares) in southeast Yukon. The Project is located along the all-season Nahanni Range Road that was recently announced as being a part of the $360 million Federally and Yukon funded, Yukon Resource Gateway Project. The 3 Aces Project has numerous mineralized veins discovered through sampling, trenching, roadwork and drilling. These veins occur across many well-mineralized zones and over 762 m (2,500 feet) of elevation change within the 11km2 Central Core area. Within the Central Core area, the Company has built over 18 km of exploration roads since 2016, and plans an additional 3 km for the remainder of the year.
Previous exploration work by Golden Predator, beginning in 2015, has included mapping, sampling, trenching, metallurgical studies, rotary air blast (RAB) drilling, RC drilling, diamond drilling and bulk sampling, all focused on establishing reproducible gold grades and continuity of the numerous gold in quartz veins discovered on the property. Extensive drilling in the Spades and Hearts Zones has returned high grade vein intercepts such as 13.1 m of 16.75 g/t gold3 and 13.75 m of 65.31 g/t gold; 16.2 m of 20.5 g/t gold and 8 m of 50.4 g/t gold4. Additional new discoveries have been announced in the Clubs and Diamonds Zones and the Company is currently focused on an aggressive drill program that is well underway, and is expected to continue through November.
The 3 Aces Project is in the traditional territory of the Kaska Nation. Golden Predator operates under an Exploration Agreement with the Kaska Nation, as represented by the Ross River Dena Council and the Liard First Nation, and a Class 4 Mining Land Use Permit issued by the Yukon Government.
Sampling Methodology, Quality Control and Assurance
All analyses for the drill samples from the program were performed by ALS with sample preparation in BC, Kamloops, BC and assaying in Lima, Peru, Vientiane, Laos, or North Vancouver, BC. Drill samples were analyzed using a 50 g fire assay with atomic absorption finish (Au-AA26). 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 C. 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 well-financed gold exploration company focused on its 3 Aces Project in Canada’s Yukon. The large land package includes at least 6 mineralized areas, all located within and along favorable stratigraphic and structural zones that extend over 35km along trend. The 2017, 40,000m drill program is focused on the year-round road and bridge accessible 11 km2 Central Core Area, host to numerous high-grade gold in quartz veins. The Company also holds 100% of the Brewery Creek Project. The Yukon projects are in a low-risk jurisdiction, and with proven management and an experienced technical team, the Company is well positioned for stable 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.
_____________________________
1 Golden Predator Press Release dated August 18, 2016
2 Golden Predator Press Release dated May 30, 2017
3 Golden Predator Press Release dated March 16, 2017
4 Golden Predator Press Release dated August 9, 2017 |
