Mining News: Northern Neighbors: More 3 Aces gold veins

Golden Predator Mining Corp. Sept. 9 said a sampling program that began in early August has discovered 11 previously unknown mineralized veins at its 3 Aces gold project in eastern Yukon Territory. Visible gold has been observed in five of these newly found veins. Trenching is continuing in advance of a planned October drill program to define and sample the surface expression of outcropping veins and investigate new areas of anomalous gold in soil. Veins exposed by trenching are being sampled with large volume samples to reduce the nugget effect of coarse gold that characterizes many of the veins discovered to date on the property. Where exposures allow, panel sampling is being used to sample the veins. When not possible, composite grab samples of veins are being collected. The company plans to drill a minimum of 3,500 meters of 5.5-inch diameter RC during 2016 with additional drilling planned to continue into and throughout 2017. An additional 400 meters of large diameter diamond drilling is planned to test high-grade sections of veins. Construction and installation of a bridge over the Little Hyland River is expected to be complete before the end of September 2016. Road-building is also nearing completion, providing accessibility to the core area of the 3 Aces project currently being explored.

-Shane Lasley