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Golden Predator Mining Corp.
Summary
| Project: | 3 Aces | |
|---|---|---|
| Deposit: | 3 Aces | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-3-2017: Golden Predator Mining Corp. announces an Exploration/Drilling Update report for its 3 Aces deposit at the 3 Aces project. Drilling results incl. 13.1m @ 16.75g/t Au from 42.67m. Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) (the “Com | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark C. Shutty (Internal) | |
| ABSTRACT: | Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) (the “Company” or “Golden Predator”) is pleased to report assay results for the final 25 holes of the winter 2016 drill program at the 3 Aces Project in southeastern Yukon. Drill results have confirmed high-grade gold mineralization with good continuity in the Ace of Hearts vein with additional veining identified at depth. The Ace of Hearts zone is located approximately 1 km west of the Ace of Spades zone and approximately 1.6 km south of the Queen of Clubs zone where drilling results were previously reported. The Ace of Hearts Winter 2016 confirmation and in-fill drilling covers an area approximately 165 m along strike and up to 110 m down dip, with reported holes variably spaced from approximately 15 to 75 m apart. The Hearts zone was tested with 15 holes totaling 1,541 m; significant gold mineralization (minimum interval of 3.0 g/t gold) was encountered in 13 holes; 2 holes did not reach the target depth. Broad mineralization, which remains open, had previously been outlined with wide spaced drilling for 250 m down dip from the original discovery outcrop and along strike for 300 m. “We are very pleased with the excellent high-grade results from our 2016 winter program at the Hearts, Spades and Clubs Zones,” said Janet Lee-Sheriff, Chief Executive Officer. “With our $17.25 million bought deal financing now complete we are well positioned for our 2017 drilling campaign, which is underway and off to a good start.” | |
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