Mining News: Northern Neighbors: Golden Predator wakes Sleeping Giant

Golden Predator Mining Corp. Sept. 14 reported the completion of a tightly spaced rotary air blast drill program confirming gold mineralization in advance of bulk sampling from the Sleeping Giant Vein at the 3 Aces Project in eastern Yukon Territory. Highlights from the near-surface mineralization encountered include 9.73 ounces per metric ton gold in hole 3ARAB15-11; 6.84 oz/t gold in hole 3ARAB15-05; and 4.64 oz/t gold in hole 3ARAB15-13. A total of 13 holes totaling 45.73 meters were drilled in preparation for bulk sampling from the Sleeping Giant vein. Drill samples were collected downhole at 0.76-meter intervals on an irregular grid covering an area of roughly 15.2 by 6.1 meters with hole depths ranging from 1.98 to 4.12 meters. The holes, collared in the outcropping vein exposed from earlier trench and road work, were designed to collect a large volume sample, varying from 17.6 to 63.8 pounds, and were capped for use in blasting of the planned bulk sample. After evaluation of the drilling results, Golden Predator has refined its plan for the bulk sample at the Sleeping Giant zone where it now expects to initially extract roughly 500 metric tons of high-grade vein material to be shipped off-site for processing.

–Shane Lasley