News Feed Item

Golden Predator Intersects Queen of Clubs Vein at 3 Aces Project; Outlines Conceptual Model of Mineralization

VANCOUVER, BC--(Marketwired - February 16, 2017) - Golden Predator Mining Corp. (TSX VENTURE: GPY) (OTCQX: NTGSF) (the "Company" or "Golden Predator") is pleased to report assay results for a further 16 drill holes of a total of 54 holes completed in the winter 2016 drill program at the 100% owned 3 Aces Project in southeastern Yukon. These drilling results were completed at the undrilled Queen of Clubs and Nine of Clubs targets. Management is also pleased to present a discussion of its initial conceptual model for mineralization at 3 Aces Project, which will be tested in the 2017 drilling campaign.

The Queen of Clubs is located approximately 600 m higher in elevation and 2 km NW of previously announced drilling at the Aces of Spades (GPY News Release dated January 19, 2017). This target was discovered in 2016 by prospecting a gold in soil anomaly followed by trenching that identified gold-bearing quartz veins. Drilling of the target has successfully intersected mineralized veining in 6 of 8 drill holes.

Significant results reported at true width include:

  • Hole 3A16-RC-068 intersected 1.95 m of 29.79 g/t gold from a depth of 29.72 m, including 0.65 m of 55.80 g/t gold;
  • Hole 3A16-RC-069 intersected 2.28 m of 10.09 g/t gold from a depth of 21.34 m, including 0.57 m of 27.90 g/t gold; and
  • Hole 3A16-RC-070 intersected 0.66 m of 47.50 g/t gold from a depth of 29.72 m, and 2.66 m of 10.08 g/t gold from a depth of 34.29 m.

Queen of Clubs and Nine of Clubs
The Queen of Clubs consists of two closely spaced, parallel quartz veins dipping steeply to the east-southeast. The parallel features are hosted by shale and phyllite with the quartz veining pinching and swelling along strike and down dip. Drilling at the Queen of Clubs consisted of 588 m of 5.5-inch Reverse Circulation (RC) drill holes to depths ranging from 60.0 m to 91.4 m. This initial drill pattern has established continuity for a minimum of 40 m along strike and 25 m down dip and the veins remain open in all directions.

The Queen of Clubs veins are stratigraphically above the preferred contact between shale-phyllite and lower sandstone-quartz-pebble conglomerate, which is host to veins at the Spades Zone. This relationship suggests the Queen of Clubs is distal mineralization which has leaked from the preferred stratigraphic contact below. Drilling in 2017 will test these veins along strike and down dip to confirm continuity into the favorable shale-phyllite and lower sandstone-quartz pebble conglomerate contact.

Drilling at the Nine of Clubs totaled 595 m with hole depths ranging from 42.7 m to 114 m. Initial drilling from one pad at the Nine of Clubs (located 70 meters higher and 400 meters to the south-southeast of the Queen of Clubs) did not identify high-grade veining. Anomalous mineralization was encountered in 5 of the 8 holes with values ranging between 1.0 g/t gold and 3.18 g/t gold, which further supports the Clubs Zones as distal mineralization.

To view maps of the 3 Aces project, as well as detailed maps and sections from the Queen and Nine of Clubs Zones included in the 2016 drill program, please visit:

Style and Mode of Occurrence of the 3 Aces Gold Mineralization System

Rock types, structure, vein geometry and both alteration and ore mineralogy at 3 Aces are compatible with an orogenic gold model. The quartz veins are developed along bedding parallel shears zones believed to be related to mid Mesozoic compression within the Selwyn fold-thrust belt. Neoproterozoic age, shale, sandstone and pebble conglomerate of the Hyland group are metamorphosed to lower greenschist facies and have been intensely sheared and folded along regional scale thrust faults. The bounding thrust faults are north striking and shallow east dipping shear zones that display movement over an extended period of time. Field and laboratory research show that the rock package was mineralized at significant depth in the crust and by high temperature fluids.

Within the Hyland group rock package the strongest and highest grade veins are preferentially at the stratigraphic contact between a thick package of less competent shale-phyllite-slate and underlying brittle competent, sandstone-quartz pebble conglomerate. Field relationships and polished section microscopy suggest multiple episodes of mineralization and alteration. Alteration is dominated by the introduction of quartz and carbonate minerals associated with sulfide minerals that include pyrrhotite, pyrite, sphalerite, galena as well as gold and electrum.

The structural setting and style of mineralization observed at 3 Aces is like other orogenic gold districts in the world, specifically, the Mother Lode deposits in California USA and the western Tien Shen gold belt of Uzbekistan, where significant gold production (+100 million ounces of gold) has occurred from similar sedimentary rocks. Although the style and setting of the mineralization at 3 Aces has commonalities with these well-known deposits the ultimate size and grade potential of 3 Aces has yet to be demonstrated, requiring significantly more geological work. The comparisons, based on field observations, are presented as illustrations of analogous exploration models guiding work at 3 Aces.

To view a conceptual model of the 3 Aces Project Mineralization Model please visit:

2016-2017 Drill Program
The Company completed 54 holes during the 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. 52 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.

A 20,000 m drilling program is planned to commence in February 2017 and will initially focus on the Spades Zone then expand to other areas of the property. Drilling in the Spades Zone is intended to test the depth and strike extensions of the Ace of Spades vein, deeper stockwork mineralization, and commence initial target testing at the Jack, Queen, Seven and Three of Spades. As the Clubs and Hearts Zones elevations are 350 to 600 m above the Spades Zone, and experience heavier snow conditions, follow up drilling is expected to commence latter in 2017.


                  Sample                     Drilled    True Width          
    Hole ID*       Type1  From (m) To (m)   Width (m)      (m)2      Au g/t3
3A16-067        RC           34.29   36.58        2.29          1.24   16.79
 including      RC           35.81   36.58        0.77          0.42   35.70
3A16-068        RC           29.72   32.00        2.28          1.95   29.79
 including      RC           29.72   30.48        0.76          0.65   55.80
 including      RC           31.24   32.00        0.76          0.65   33.30
3A16-069        RC           21.34   24.38        3.04          2.28   10.09
 including      RC           21.34   22.10        0.76          0.57   27.90
 including      RC           23.62   24.38        0.76          0.57   12.05
3A16-070        RC           29.72   30.48        0.76          0.66   47.50
and             RC           34.29   37.34        3.05          2.66   10.08
 including      RC           35.05   35.81        0.76          0.66   23.40
3A16-071        RC           26.67   27.43        0.76          0.58    6.16
*Holes 3A16-056 to 3A16-065 returned no significant results                 
1 Sample Type 'RC' is whole 5.5" (139.7mm) reverse circulation cuttings     
2 True Width intervals are estimates of the actual mineralized vein/zone    
3 Reported Au assay grade sourced from ALS using Au-SCR24 method            

3 Aces Project, Yukon

The 3 Aces project includes the 3 Aces, Reef, and Hy-Jay properties consisting of 1,734 claims covering 357 km² or 35,700 hectares in southeast Yukon. The project is located along the all-season Cantung Mine Road which accesses the Cantung Mine, 40 km to the north. The 3 Aces Project, which includes the two highest grade surface discoveries to date in the Yukon, has 30 mineralized veins that have been discovered through sampling, trenching, roadwork and drilling over 762 m (2,500 feet) of elevation within the Central Core area.

Surface outcrops of gold bearing quartz veins were first discovered on the property in 2009. The project was advanced with extensive soil sampling and helicopter supported core drilling, which outlined significant gold anomalies over a Central Core Area of 10.5 km2. Previous exploration work by Golden Predator in 2015 and 2016, which includes metallurgical studies, rotary air blast (RAB) drilling, RC drilling and bulk sampling, focused on establishing reproducible gold grades and continuity of the Ace of Spades vein where previous diamond drilling had returned inconsistent grades. The work in 2015 and 2016 confirmed the high gold grades of the vein by utilizing a sampling protocol derived from the metallurgical studies that are resulting in consistent and reproducible estimation of gold grades within the veins.

In 2016, Golden Predator concluded its Q4 drill program with 4,315 m and will recommence drilling in February 2017. Drill results have been released from the Spades Zone with results pending from the Hearts Zone and other targets on the Clubs Zone.

The 3 Aces property is in the traditional territory of the Kaska Nation. In January 2013, Golden Predator signed an Exploration Agreement with the Kaska Nation, as represented by the Ross River Dena Council and the Liard First Nation, with respect to activities within their traditional territories. The 3 Aces project operates under a Class 4 Mining Land Use Permit.

Sampling Methodology, Quality Control and Assurance

Because of the high-grade gold encountered at 3 Aces to date, the Company has taken steps to ensure that its sampling and assaying procedures can be depended upon. The Company has utilized larger diameter drilling to provide sample material for comparative/effectiveness analysis of past drilling programs, including sampling protocols, assay methods and QA/QC procedures, and to more confidently estimate grades of high-grade veins containing coarse gold.

All analyses for the drill samples from the program were performed by ALS with sample preparation in Whitehorse, YT, Terrace, B.C. or North Vancouver, B.C. and assaying in North Vancouver, B.C. Drill samples were analyzed using a 50g fire assay atomic absorption finish. If the procedure returned a value of 0.75 g/t gold or greater, or if the sample is within a mineralized zone, it is re-run using a 2kg screen metallic gold method (Au-SCR24).

The screen metallic procedure utilizes a two-kilogram split from each crushed sample, which is pulverized and passed through a 150-mesh screen. The material remaining on the screen (Plus fraction) is analyzed in its entirety by fire assay with gravimetric finish. The material that passed through the screen (Minus fraction) is homogenized and two 50 gram subsamples are analyzed by fire assay with AAS finish and averaged. The Plus and Minus fraction gold analyzes are weight averaged to obtain a final gold determination for the sample.

No field-split samples were submitted for analysis. The samples generated by reverse circulation drilling consisted entirely of whole interval cuttings, and diamond drill core samples were submitted as whole core intervals. Quality control and assurance (QA/QC) included 12% of the samples, consisting of reject duplicates, blank and certified reference materials.

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., a well-financed Canadian gold mineral exploration company is expanding surface discoveries, at its 3 Aces project in Canada's Yukon, through focused drilling. The 3 Aces property is a high-grade gold in quartz project with an exploration program underway that includes sampling, trenching, drilling and bulk sampling to define and interpret the project. The Company also holds the Brewery Creek project in Canada's Yukon.

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.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of D...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
Column Technologies exhibited at SYS-CON's @DevOpsSummit at Cloud Expo, which took place at the Javits Center in New York City, NY, in June 2016. Established in 1998, Column Technologies is a global technology solutions provider with over 400 employees, headquartered in the United States with offices in Canada, India, and the United Kingdom. Column Technologies provides “Best of Breed” technology solutions that automate the key DevOps principals and help our customers meet today’s DevOps and Dig...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.