Golden Predator Discovers New Veins Up to 30.8 g/t Gold; Airborne Geophysics Completed at 3 Aces
To view the 3 Aces project maps please visit: http://goldenpredator.com/_resources/images/maps/3Ace_SpadesMaps_20161116.pdf
3 Aces Sampling Program Overview
A total of over 800 composite grab, chip, channel and panels samples were collected within the 10km2 Central Core Area of the 225 km2 3 Aces property between August 1stand October 20th , 2016. Results are now being reported for 350 sample results received since the previous news release of November 2nd, 2016. Of the 350 samples seven (7) have values greater than 15 g/t gold, one (1) had a value between 10-15 g/t gold, twenty (20) had values between 5-10 g/t gold and seventy-two (72) had values greater than 1.0 g/t gold.
Road building, trenching and sampling targeting areas of high gold-in-soil anomalies will continue in the spring of 2017.
Seven of Spades
The newly discovered Seven of Spades zone is composed of a series of flat lying stacked quartz veins, high angle quartz veins and steeply dipping fracture/fault zones. The three highest values of 18.55, 17.05 and 16.8 g/t gold were from flat lying quartz veins, two of which contained visible gold. The veins are hosted in shale and cut bedding at various angles, individual vein thicknesses range up to 1.0 m.
Queen of Spades
The newly discovered Queen of Spades zone consists of several quartz veins lying subparallel to the hillside. Six samples returned values over 5.0 g/t gold with the highest grade sample returning 30.8 g/t gold. Fifteen of twenty-four panel samples returned values greater than 1.0 g/t gold. Visible gold has been identified in the largest of these veins and in the northernmost vein.
Jack of Spades
The previously announced Jack of Spades zone consists of several sets of quartz veins of various orientations including east-west, northeast and north south. Additional sampling has returned values up to 8.65 g/t Gold from panel sampling of the newly exposed extension of the east-west trending vein. The northeast striking vein set consists of several individual veins up to a maximum apparent thickness of 1.7 m. The thickest vein returned 37.9 g/t gold from a panel sample and contained visible gold. Previous sampling of this vein on the lower discovery bench returned a value of 64.3 g/t gold over 1.5 m.
Three of Spades
The previously announced Three of Spades zone is a gold bearing vertical fault zone with a north-easterly strike. Trenching has exposed the zone over 180 m and all trenches returned panel samples greater than 1.0 g/t gold. Five additional trenches were excavated across the zone with a total of forty-three panel samples collected of which twenty returned values greater than 1.0 g/t gold with a maximum values of 6.95 g/t gold. The zone consists of crushed quartz, shale, grits, iron oxides and minor arsenopyrite.
Ace of Spades
The Ace of Spades is the location of the 2016 bulk sample, reverse circulation drilling and previously reported sampling. The footwall to the Ace of Spades extension vein was sampled where a zone of fractured and disrupted quartz veining was exposed. Three 2 m channel samples were collected and returned values of 8.62, 13.4 and 3.88 g/t gold respectively.
The Company completed a geophysical airborne magnetic/radiometric survey over the entire 3 Aces project to aid in understanding structure, rock types and alteration. Interpretation of the data indicates that two types of intrusions underlie the property at depth. To date, only one type of intrusive rock has been identified in mapping on the property. A total of 2,652 line km were flown at a line spacing of 100 m. Additional data review and interpretation was conducted by JL Wright Geophysics.
About 3 Aces
The 3 Aces property is a 225 km2 property consisting of 1,118 contiguous quartz claims (23,000 hectares) located in southeast Yukon and includes the two highest grade surface outcrops discovered to date in the Yukon. Many veins discovered are characterized by coarse gold. The property is located along the all-season Nahanni Range Road which accesses the Cantung Mine located 40 km to the north.