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Golden Predator Mining Corp.
Summary
| Project: | 3 Aces | |
|---|---|---|
| Deposit: | Spades | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-12-2017: Golden Predator Mining Corp. announces an Exploration/Drilling Update report for its Spades deposit at the 3 Aces project. Drilling results incl. 1.53m @ 36.33g/t Au from 32.00m. Vancouver, BC, December 14th, 2017: Golden Predator Mining Corp. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark C. Shutty (Internal) | |
| ABSTRACT: | Vancouver, BC, December 14th, 2017: Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) (the “Company” or “Golden Predator”) is pleased to report results for 36 reverse circulation drill holes at the 3 Aces Project in southeast Yukon. Step-out drilling has extended the southern extent of the Spades zone by over 200 m and confirmed high-grade gold mineralization and near surface bulk tonnage type mineralization. Drilling on the northern extent of the Spades zone, approximately 1 km northwest of the step-out drilling, has encountered significant near surface bulk type mineralization. Significant gold mineralization was encountered in 25 of the 36 holes along one kilometer of Spades Zone strike. High-grade quartz veins continue to be encountered along with an increasing abundance of disseminated and stockwork occurrences. These two types of mineralization are now integral to the Company’s conceptual geological model. Gold grades in the northern and north-central portions of the Spades Zone are thought to represent leakage into the hanging wall from a major northwest trending shear zone that controls mineralization in the Spades, Clubs and Hearts Zones. This mineralization is in the form of higher angle, higher grade gold in quartz veins typical of the central Spades Zone, as well as potentially bulk minable grades. Based on the evolving geological model, the holes along the northern and north-central Spades trend should be extended 50 to 150 m to reach and properly test this identified northwest trending shear zone target which appears to underlie most of the Spades Zone. This interpretation opens up an important new target with significant resource potential. The through-going northwest trending shear zone accounting for the Spades Zone is thought to be one of several such structures controlling gold deposition at 3 Aces. | |
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