VANCOUVER, British Columbia, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp.
(TSX-V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) today reported results of 43
Grade Control drill holes at the 3 Aces Project in southeast 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% of the gold in the central
Spades Zone can be recovered using gravity methods only (see December 7, 2017 News Release).
Highlights include:
- Hole 3A17-208 intersected 4.57 m of 81.35 g/t gold from a depth of 0.76 m;
- 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;
- 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.
To view 3 Aces location and drilling maps please visit:
http://www.goldenpredator.com/_resources/maps/GPY-NR1802-Combined-Maps-FINAL.pdf
“High-grade gold deposits like 3 Aces require us to exercise great care to establish reliable sampling, assaying
and, geological modeling 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 (see maps
and images link) were drilled on grids with a 5 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 tpd gravity processing plant.
3 Aces Project - Significant Drill Results Table – Spades Zone
| Hole
ID1 |
Sample
Type2 |
From
(m) |
To
(m) |
Drilled
Width (m)3 |
Au g/t4 |
| 3A17-193 |
GC-RC |
0.76 |
5.33 |
4.57 |
1.38 |
| and |
GC-RC |
19.05 |
19.81 |
0.76 |
7.76 |
| 3A17-194 |
GC-RC |
0.00 |
2.29 |
2.29 |
8.94 |
| 3A17-195 |
GC-RC |
0.76 |
1.52 |
0.76 |
4.18 |
| 3A17-197 |
GC-RC |
0.76 |
3.81 |
3.05 |
5.49 |
| 3A17-199 |
GC-RC (Pad Material) |
0.00 |
1.52 |
1.52 |
5.23 |
| and |
GC-RC |
1.52 |
3.05 |
1.53 |
8.89 |
|
including |
GC-RC |
1.52 |
2.29 |
0.77 |
16.00 |
| 3A17-200 |
GC-RC (Pad Material) |
0.00 |
0.76 |
0.76 |
2.13 |
| and |
GC-RC |
0.76 |
3.81 |
3.05 |
5.41 |
| 3A17-201 |
GC-RC |
9.91 |
10.67 |
0.76 |
6.00 |
| 3A17-206 |
GC-RC (Pad Material) |
0.00 |
1.52 |
1.52 |
4.12 |
| and |
GC-RC |
1.52 |
12.95 |
11.43 |
2.06 |
| including |
GC-RC |
4.57 |
5.33 |
0.76 |
9.11 |
|
including |
GC-RC |
9.14 |
10.67 |
1.53 |
5.55 |
| 3A17-207 |
GC-RC (Pad Material) |
0.00 |
1.52 |
1.52 |
25.60 |
| and |
GC-RC |
5.33 |
7.62 |
2.29 |
4.35 |
| 3A17-208 |
GC-RC (Pad Material) |
0.00 |
0.76 |
0.76 |
34.50 |
| and |
GC-RC |
0.76 |
5.33 |
4.57 |
81.35 |
| including |
GC-RC |
0.76 |
2.29 |
1.53 |
203.07* |
| and |
GC-RC |
13.72 |
15.24 |
1.52 |
13.86 |
|
including |
GC-RC |
13.72 |
14.48 |
0.76 |
24.90 |
| 3A17-209 |
GC-RC |
2.29 |
23.62 |
21.33 |
18.33 |
| including |
GC-RC |
12.19 |
12.95 |
0.76 |
58.30 |
|
including |
GC-RC |
21.34 |
22.10 |
0.76 |
98.90* |
| 3A17-210 |
GC-RC (Pad Material) |
0.00 |
1.52 |
1.52 |
3.00 |
| and |
GC-RC |
9.91 |
11.43 |
1.52 |
12.61 |
| 3A17-211 |
GC-RC |
1.52 |
9.91 |
8.39 |
14.05 |
|
including |
GC-RC |
5.33 |
6.10 |
0.77 |
45.50 |
| |
|
|
|
|
|
| 3A17-212 |
GC-RC |
0.00 |
2.29 |
2.29 |
21.81 |
|
including |
GC-RC |
0.76 |
1.52 |
0.76 |
57.70 |
| 3A17-213 |
GC-RC |
0.00 |
3.05 |
3.05 |
14.13 |
|
including |
GC-RC |
0.76 |
2.29 |
1.53 |
21.54 |
| 3A17-214 |
GC-RC |
0.00 |
7.62 |
7.62 |
11.19 |
|
including |
GC-RC |
2.29 |
3.05 |
0.76 |
37.50 |
| 3A17-215 |
GC-RC |
0.00 |
5.33 |
5.33 |
49.37 |
|
including |
GC-RC |
3.05 |
3.81 |
0.76 |
206.00* |
| 3A17-216 |
GC-RC (Pad Material) |
0.00 |
3.81 |
3.81 |
2.43 |
| and |
GC-RC |
3.81 |
7.62 |
3.81 |
35.80 |
| and |
GC-RC |
14.48 |
15.24 |
0.76 |
3.31 |
| and |
GC-RC |
19.05 |
20.57 |
1.52 |
7.66 |
| 3A17-217 |
GC-RC |
6.10 |
13.72 |
7.62 |
12.24 |
| including |
GC-RC |
11.43 |
12.95 |
1.52 |
37.10 |
| and |
GC-RC |
21.34 |
22.10 |
0.76 |
6.61 |
| and |
GC-RC |
25.91 |
26.67 |
0.76 |
8.71 |
| 3A17-218 |
GC-RC |
5.33 |
18.29 |
12.96 |
14.19 |
| including |
GC-RC |
5.33 |
15.24 |
9.91 |
17.80 |
|
including |
GC-RC |
7.62 |
8.38 |
0.76 |
72.90 |
| 3A17-219 |
GC-RC |
3.81 |
4.57 |
0.76 |
8.39 |
| and |
GC-RC |
6.86 |
11.43 |
4.57 |
33.45 |
|
including |
GC-RC |
9.91 |
10.67 |
0.76 |
177.00* |
| 3A17-220 |
GC-RC (Pad Material) |
0.00 |
1.52 |
1.52 |
11.09 |
| and |
GC-RC |
1.52 |
15.24 |
13.72 |
43.02 |
| including |
GC-RC |
6.10 |
6.86 |
0.76 |
550.00* |
|
including |
GC-RC |
13.72 |
15.24 |
1.52 |
73.75 |
| 3A17-222 |
GC-RC |
4.57 |
9.91 |
5.34 |
27.30 |
| including |
GC-RC |
5.33 |
6.10 |
0.77 |
94.30 |
|
including |
GC-RC |
7.62 |
8.38 |
0.76 |
59.60 |
| 3A17-224 |
GC-RC |
1.52 |
11.43 |
9.91 |
21.81 |
|
including |
GC-RC |
6.86 |
10.67 |
3.81 |
45.08 |
| 3A17-225 |
GC-RC |
1.52 |
11.43 |
9.91 |
18.76 |
| including |
GC-RC |
3.81 |
4.57 |
0.76 |
65.00 |
|
including |
GC-RC |
6.10 |
8.38 |
2.28 |
42.17 |
| |
|
|
|
|
|
| 3A17-226 |
GC-RC |
0.00 |
9.91 |
9.91 |
0.73 |
| 3A17-227 |
GC-RC |
0.76 |
9.14 |
8.38 |
0.90 |
| 3A17-230 |
GC-RC |
0.76 |
3.81 |
3.05 |
88.27 |
|
including |
GC-RC |
1.52 |
3.05 |
1.53 |
170.68* |
| 3A17-231 |
GC-RC (Pad Material) |
0.00 |
0.76 |
0.76 |
12.35 |
| and |
GC-RC |
0.76 |
1.52 |
0.76 |
7.21 |
| 3A17-232 |
GC-RC (Pad Material) |
0.00 |
0.76 |
0.76 |
10.50 |
| and |
GC-RC |
0.76 |
3.05 |
2.29 |
68.34 |
|
including |
GC-RC |
2.29 |
3.05 |
0.76 |
111.00* |
| 3A17-233 |
GC-RC |
0.00 |
9.91 |
9.91 |
0.68 |
| 3A17-234 |
GC-RC |
1.52 |
2.29 |
0.77 |
3.08 |
| 3A17-236 |
GC-RC |
0.00 |
9.14 |
9.14 |
1.05 |
| 3A17-237 |
GC-RC |
0.00 |
9.91 |
9.91 |
2.68 |
| 3A17-238 |
GC-RC |
0.76 |
9.91 |
9.15 |
41.03 |
|
including |
GC-RC |
0.76 |
1.52 |
0.76 |
487.00* |
| 3A17-239 |
GC-RC |
0.76 |
9.14 |
8.38 |
1.53 |
| 3A17-240 |
GC-RC |
0.76 |
2.29 |
1.53 |
11.34 |
| 3A17-241 |
GC-RC |
2.29 |
4.57 |
2.28 |
22.14 |
|
including |
GC-RC |
3.81 |
4.57 |
0.76 |
43.90 |
| 3A17-243 |
GC-RC |
0.76 |
5.33 |
4.57 |
8.28 |
|
including |
GC-RC |
4.57 |
5.33 |
0.76 |
24.70 |
1Significant 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 0m to 2.29m
include 0.77m averaging 2.78 g/t Au
• 3A17-197's significant results from 0.76m to 3.81m
include 0.76m averaging 2.36 g/t Au
• 3A17-199's significant results from 1.52m to 3.05m
include 0.76m averaging 1.69 g/t Au
• 3A17-200's significant results from 0.76m to 3.81m
include 0.76m averaging 1.85 g/t Au
• 3A17-206's significant results from 0m to 1.52m
include 0.76m averaging 1.04 g/t Au
• 3A17-207's significant results from 5.33m to 7.62m
include 0.76m averaging 1.2 g/t Au
• 3A17-208's significant results from 13.72m to
15.24m include 0.76m averaging 2.82 g/t Au
• 3A17-209's significant results from 2.29m to 23.62m
include 7.62m averaging 1.56 g/t Au
• 3A17-210's significant results from 0m to 1.52m
include 0.76m averaging 2.7 g/t Au
• 3A17-211's significant results from 1.52m to 9.91m
include 0.77m averaging 2.77 g/t Au
• 3A17-214's significant results from 0m to 7.62m
include 2.29m averaging 1.92 g/t Au
• 3A17-215's significant results from 0m to 5.33m
include 1.52m averaging 1.94 g/t Au
• 3A17-217's significant results from 6.1m to 13.72m
include 2.28m averaging 1.47 g/t Au
• 3A17-218's significant results from 5.33m to 18.29m
include 5.33m averaging 1.27 g/t Au
• 3A17-219's significant results from 6.86m to 11.43m
include 2.28m averaging 1.54 g/t Au
• 3A17-220's significant results from 1.52m to 15.24m
include 6.84m averaging 1.33 g/t Au
• 3A17-225's significant results from 1.52m to 11.43m
include 3.06m averaging 0.34 g/t Au
• 3A17-238's significant results from 0.76m to 9.91m
include 8.39m averaging 0.63 g/t Au
• 3A17-243's significant results from 4.57m to 5.33m
include 0.76m 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.
2Sample Type 'GC-RC' is whole 3.5" (88.9mm) reverse circulation cuttings, 'Pad Material' is noted where samples are of
disturbed surficial fill (not in-situ rock).
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-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 km² (35,700 ha) in southeast Yukon. The
Company has focused exploration on the 13.5 km2 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 40km 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 BC, Kamloops, BC
and assaying in either Lima, Peru, Vientiane, Laos or North Vancouver, BC. Drill samples were analyzed using a 50 g fire assay with
atomic absorption finish (Au-AA26) or gravimetric finish (Au-GRA22) on over limit results. 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 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 gold exploration company focused on its district scale, orogenic gold-in-quartz 3 Aces Project in
Canada’s Yukon. The Company also holds 100% of the advanced Brewery Creek Project in Yukon, Canada. With proven management and an
experienced technical team, the Company is well positioned for 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.
