Mining News: Northern Neighbors: Drilling extends high-grade gold at 3 Aces

Golden Predator Mining Corp. June 20 posted the results from a 31-hole reverse circulation drill program testing the Sleeping Giant zone at its 3 Aces gold project in southeastern Yukon. Highlights from the program include: 6.4 meters grading 13.8 grams per metric ton gold from a depth of 22.55 meters in hole 3A16-RC003; 2.28 meters grading 96.78 g/t gold from a depth of 3.51 meters in hole 3A16-RC007; 11.43 meters grading 31.89 meters from a depth of 12.8 meters in hole 3A16-RC015; and 10.36 meters of 14.3 g/t gold from a depth of 10.06 meters in hole 3A16-RC025. “These drill results continue to demonstrate impressive values along with an apparent thickening of the mineralization with depth,” said Golden Predator CEO Janet Lee-Sheriff. ”With each successive program we continue to demonstrate continuity of mineralization and expand our working knowledge of the nature of the veins and mineralization at 3 Aces. We look forward to applying this knowledge to the systematic exploration of additional veins across the project, while continuing to expand the mineralization along the Sleeping Giant vein.” The 31 holes drilled during this program targeted near-surface extensions to the high-grade Sleeping Giant vein where a bulk sample was excavated. Earlier this month, Golden Predator reported the recovery of 110.7 troy ounces of a gold concentrate from 66.65 dry metric tons of sample material processed. This concentrate is estimated to contain 85.9 percent gold; 8.1 percent silver and 6 percent waste.

-Shane Lasley