Mining News: Northern Neighbors: Prospecting turns up another gold vein at 3 Aces

Golden Predator Mining Corp. Aug. 15 reported the discovery of visible gold mineralization in the newly identified Jack of Spades quartz vein at its 3 Aces project in southeastern Yukon. This is the first discovery arising from the company’s phase 2 exploration program that began Aug. 3. The newly discovered Jack of Spades vein is 2.5-meters thick and is located 100 meters east of the Sleeping Giant vein, renamed the Ace of Spades vein, and 1,100 meters east-northeast of the Main Discovery vein, now renamed the Ace of Hearts vein. Trenching at the Jack of Spades vein has exposed 25 meters of strike length. Patchy coarse gold occurs within a four- by three-meter area along the western end of the exposed Jack of Spades vein. Two other occurrences of visible gold occur in the central area of the Jack of Spades vein. The three veins identified at 3 Aces formed at the contact between softer shales and harder sandstone to conglomerate grit unit. Optimal conditions contributing to vein geometry include the intersection of high-angle, north to north-northwest trending structures and the favorably oriented contact between the shales and the grit unit. These northerly trending structures appear to exhibit a significant influence over gold mineralization as coarse visible gold and arsenopyrite occur adjacent to and within their intersections with the westerly Jack of Spades vein. Golden Predator said the newly recognized relationships between gold mineralization, structure and host rock lithology will provide better targeting for the potential discovery of additional high-grade vein zones. Systematic panel sampling has been conducted along the exposed extent of the Jack of Spades vein.

-Shane Lasley