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Golden Predator Mining Corp.

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Summary

Project:

3 Aces

Deposit:3 Aces
Location:Canada
Commodities:Gold
Date:1/19/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:19-1-2017: Golden Predator Mining Corp. announces an Exploration/Drilling Update report for its 3 Aces deposit at the 3 Aces project. Drilling results incl. 7.54m @ 32.86g/t Au from 16.76m. Vancouver, BC, January 19th , 2017: Golden Predator Mining Corp.
Resources:x
CP/QP:[Overall Report]: Mark C. Shutty (Internal)
ABSTRACT:Vancouver, BC, January 19th , 2017: Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) (the “Company” or “Golden Predator”) is pleased to report assay results for the first 13 holes of a total of 54 holes completed in the winter 2016 drill program at the 3 Aces Project in southeastern Yukon. Drilling has demonstrated an extension of high grade gold at the Ace of Spades zone, as well as the exciting discovery of a blind vein and the occurrence of significant assay values in stockwork zones. Drilling in the two deepest holes also intersected near surface, lower grade stockwork gold mineralization, previously unknown on the property. Hole 3A16-RC-032 encountered 6.81 g/t gold across a drilled thickness of 59.44 m from a depth of 16.76 m to the end of the hole with no cut-off; including 29.72 m of 12.07 g/t gold. Similar mineralization was encountered in hole 3A16-DD-043 with 7.45 g/t gold across a drilled thickness of 16.05 m from 15.24 m to 31.29 m. The hole was not sampled below 31.29 m due to poor or no core recovery. The Company completed 54 holes during winter 2016 drill program for a total of 4,315 m, which included 3,776 m of reverse circulation drilling utilizing a larger 5.5 inch center face-return hammer drill bit and 539 m of PQ-size (3.35 inch) 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 step-out and infill drilling at the Hearts Zone.

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