VANCOUVER, British Columbia, July 26, 2018 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V: GPY;
OTCQX: NTGSF) (the “Company” or “Golden Predator”) announced today a 2,500 m diamond
drill program is underway at the high grade gold, 100% owned Sprogge Area of its 3 Aces Project in southeastern Yukon, Canada
(Figure 1). Drilling will target the primary structural control along 2 km of strike at varying depths ranging from near surface to
~200 m depth. The drill program follows field reconnaissance and historical surface sampling which returned 25 quartz outcrop
samples ranging from 5.73 g/t to 46.49 g/t gold along an exposed 2 km of strike.
Sprogge Area Drill Plans
Similar geology of the high grade Central Core Area extends approximately 8 km southeast through the Sprogge
Area with the primary structural control for gold being a shattered and deformed stratigraphic zone between coarse
sandstone/conglomerate and impermeable shale/phyllite which contains and controls gold-bearing quartz veins.
The exposed primary structural control lies along the eastern edge of an extensive gold-in-soil anomaly (Figure
2). The Sprogge program will follow the model tested and confirmed by this winter’s drilling in the Central Core Area in which 12
of 15 holes successfully hit the quartz-rich target structure and confirmed the model for gold deposition at 3 Aces.
To view 3 Aces Project maps including the Sprogge Area please visit:
http://www.goldenpredator.com/_resources/maps/GPY_NR_Sprogge_Drill_Underway.pdf
Model of Mineralization
The primary structural control on the gold occurrences identified at 3 Aces is a stratigraphic feature
characterized by coarse sandstone and conglomerate in contact with shale and phyllite. A persistent shattering, deformation
and quartz vein development at this stratigraphic contact shows faulting and shearing at this position in the stratigraphic
sequence. The geological history of this area indicates that this structural feature was likely a low angle fault that
developed between brittle sandstones and conglomerates and easily deformed shale and phyllite. This feature is regionally
extensive, contains anomalous gold concentrations wherever it is encountered and represents the primary controlling feature for
distributing gold-bearing fluids and gold occurrences throughout the 3 Aces Project. A second such structure occurs further
up section where the shale and phyllite transition back into another sandstone and conglomerate unit. The preferred lower
structural feature has demonstrated consistently higher grade gold as the shale and phyllite acted as a cap or trap, concentrating
the gold bearing fluids to a much greater extent than where the brittle sandstone and conglomerate overlie the more flexible shale
and phyllite.
In addition to the primary structural control, several subordinate features have been recognized as secondary
controls governing the occurrence of high-grade gold:
- Intersection of the primary stratigraphic structural feature with steeply dipping faults
- Shattered and quartz veined zones associated with anticlinal folding of the primary stratigraphic structural feature
- Parasitic folds on the limbs of larger scale anticlinal folding
- Folded hinge deflections of the favorable stratigraphic structural feature
All of these features are recognized in the Sprogge Area.
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 to date 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 two years has systematically
advanced the project by establishing: (1) high gold grades can be reliably sampled; (2) gold mineralization is in predictable
stratigraphic structural locations; and (3) gold grades have robust continuity within the recognized controlling features. Results
support a stratigraphic structural model that predicts extensive lateral and vertical continuity of the 3 Aces mineral system. The
Company is developing targeted drilling programs to establish continuity between the Central Core Area and other mineralized zones
along the 35 km strike of the 3 Aces property. Orogenic gold deposits are among the world’s largest and richest such as the
California Mother Lode Belt and the Juneau Gold Belt.
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 gold exploration company focused on advancing key Yukon projects with
significant exploration upside, good infrastructure and community support. The Company is actively exploring on its 3 Aces Project
and the advanced Brewery Creek Project, a past-producing brownfields project with a 2014 Preliminary Economic Assessment prepared
in accordance with NI 43-101.
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.
