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Golden Predator Mining Corp.
Summary
| Project: | 3 Aces | |
|---|---|---|
| Deposit: | 3 Aces | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-11-2018: Golden Predator Mining Corp. announces an Exploration/Drilling Update report for its 3 Aces deposit at the 3 Aces project. Drilling results incl. 16.86m @ 1.35g/t Au from 16.20m. VANCOUVER, British Columbia, Nov. 19, 2018 -- Golden Predator Mi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeff Cary (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Nov. 19, 2018 -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reported today that drilling of the extensive soil geochemical target in the Sprogge Area of the 3 Aces Project located in southeast Yukon has discovered an important new style of disseminated gold mineralization. The Sprogge Area discovery represents a potentially large gold-bearing intrusive system not previously encountered at the 3 Aces Project. Follow-up exploration of this new gold discovery is planned for 2019 starting with geophysical surveys designed to target blind intrusive-related gold mineralization at depth. A total of 27 HQ diamond drill holes amounting to 2,169 meters tested six separate zones within 1.4 by 1.0 km of the Sprogge Area at the 3 Aces Project. Surface gold mineralization, defined by gold and arsenic in soil geochemical anomalies and subsequent rock chip geochemistry, is present along stratigraphic contacts and structures exposed at the surface. The shallow drill holes targeted this near-surface gold mineralization at the lithologic contacts. The newly discovered mineralization differs from the previously defined, structurally-controlled orogenic-style high-grade veins encountered in the Central Core Area of the 3 Aces project. In the Sprogge drilling, steeply dipping, north-northwest trending dike-filled faults and shears were encountered that show coherent intervals of gold grade. The intrusive-hosted mineralization is entirely in felsic dikes and appears to be significantly younger than the orogenic mineralization. Hole 3A18-335 intercepted 16.86m of 1.35 g/t gold from a depth of 16.2 meters including 1.38m of 8.34 g/t and 0.8m of 7.29 g/t gold. A second hole, 3A18-346, confirmed the intrusive hosted mineralization (see figures 4 through 6). Golden Predator Chairman William Sheriff noted that the original objective for the Sprogge drilling was to find a continuation of the structurally-controlled Central Core Zone beneath the large geochemical anomaly. “We now feel confident that Sprogge is much higher in the stratigraphy than the Central Core Zone and the potential for the high-grade orogenic deposit lies below. The intrusive hosted gold mineralization explains the broad gold-in-soil anomaly on the southern half of the Sprogge Area. . Hole 3A18-335 intersected the mineralized intrusion and 346 confirmed it. When these shallow intercepts are compared with the surface exposure, it is clear the dikes are quickly widening significantly with depth, indicating size potential which these intrusive systems are known for.” | |
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