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Providing coverage of Alaska and Northwest Canada's mineral industry
October 2016

Vol. 21, No. 43 Week of October 23, 2016

Mining News: Northern Neighbors: Winter drilling targets 3 Aces high grade gold

Golden Predator Mining Corp. Oct. 17 said it has begun a winter drill program that will target the high-grade gold the company has identified at surface at its 3 Aces project in southeastern Yukon. A progressive joint venture between Boart Longyear and the Liard First Nation, which was awarded the 3 Aces drill contract, is targeting the completion at least 3,500 meters of reverse circulation drilling and 400 meters of core drilling during the fourth quarter. This drilling will test depth and strike extensions of high-grade mineralization exposed in a number of trenches at the Ace of Spades and Jack of Spades zones, as well as other gold bearing veins in the Spades, Hearts and Clubs areas. Highlights from drilling at Ace of Spades earlier this year include: 11.43 meters of 31.89 grams per metric ton gold; 6.4 meters of 13.8 g/t gold; and 2.28 meters of 96.78 g/t gold. Panel sampling of trenches at the recently discovered Jack of Spades zone include gold assays up to 186.5 g/t. A recently completed bridge crossing the Little Hyland River provides for road access to the drill sites, reducing costs and allowing for year-round operations at 3 Aces.

-Shane Lasley






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