Mining News: Northern Neighbors: Golden Predator adds Ace of Hearts to hand

Golden Predator Mining Corp. March 16 said results for the final 25 holes of the winter 2016 drill program at the 3 Aces project in southeastern Yukon have confirmed high-grade gold mineralization in the Ace of Hearts vein with additional veining identified at depth. Highlights from Ace of Hearts includes: 7.59 meters of 6.39 grams per metric ton gold from a depth of 96.01 meters in hole 3A16-RC-048; 17.26 meters of 4.76 g/t gold from a depth of 38.86 meters in hole 3A16-RC-054; 7.43 meters of 9.37 g/t gold from a depth of 51.05 meters in hole3A16-RC-055; and 13.07 meters of 16.75 g/t gold from a depth of 42.67 meters in hole3A16-DD-082, which bottomed in gold mineralization. Ace of Hearts is roughly 1,000 meters west of Ace of Spades, the primary high-grade gold zone explored so far at 3 Aces. “We are very pleased with the excellent high-grade results from our 2016 winter program at the Hearts, Spades and Clubs zones,” said Golden Predator CEO Janet Lee-Sheriff. “With our C$17.25 million bought deal financing now complete we are well positioned for our 2017 drilling campaign, which is underway and off to a good start.” A 20,000-meter drill program that began in February is initially focusing on the Spades Zone before expanding to other areas of the property. Drilling in the Spades zone is testing the depth and strike extensions of the Ace of Spades vein; stockwork mineralization encountered below Ace of Spades; and initial drilling at the Jack, Queen, Seven and Three of Spades zones. The Clubs and Hearts zones, which experience heavier snow conditions due to slightly higher elevations, are slated for drilling this summer.

-Shane Lasley