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    Golden Predator 3 Aces Gold Project Is Fully Financed With $10 Million To Define High Grade Orogenic Gold System

    Matthew Spizziri
    Sep. 20, 2016 10:20AM PST
    Gold Investing

    A recent article by McClelland Media Partners highlighted Golden Predator Mining Corp. (TSXV:GPY) and the 3 Aces Gold Project.

    A recent article by McClelland Media Partners highlighted Golden Predator Mining Corp. (TSXV:GPY) and the 3 Aces Gold Project.
    As quoted in the article:

    Having survived a prolonged mining industry depression, one of the high profile players in the Yukon gold exploration scene is once again attracting investor interest.
    The timing couldn’t be better for Golden Predator Mining Corp. (TSXV: GPY) as company officials met with institutional investors attending the Precious Metal Summit Conference in Colorado.
    Golden Predator Chairman Bill Sheriff has often said that exploring for gold in the Yukon is not for the faint hearted. But as shown by the recent discovery of high grade gold on Golden Predator’s 3 Aces property, the rewards can sometimes outweigh the challenges.
    Hopes that multiple high grade deposits can be outlined at 3 Aces combined with renewed confidence in the price of gold sent Golden Predator’s stock price soaring to $1.17 on August 16, 2016 from around 14 cents in February. It was a rally that handsomely rewarded investors who have hung in through the exploration slump.

    Channel sampling in the Sleeping Giant vein returned grades of up to 3.88 ounces of gold per ton (132.91 grams) over 22.63 metres. Grab samples from mineralized shoots that outcrop at surface have assayed at up to 4,820 grams per ton. One of the nice features of orogenic gold systems is they tend to have great continuity at depth.
    Golden Predator optioned the property (covering 23,000 hectares) in 2010, a year after a previous operator discovered bonanza-grade gold mineralization in the Main Zone. From 2010 to 2012, Golden Predator completed 11,410 metres of drilling. Visible gold was identified in new zones, including the Sleeping Giant zone, where surface sampling returned samples with abundant visible gold and “bonanza grades.”
    Golden Predator Chief Executive Officer Janet Lee-Sheriff said exploration results, including the discovery of high grade gold and quartz outcrops at 3 Aces, have been the single most intriguing development in the past couple of years. “We are currently sampling and trenching, building roads and a bridge and will start drilling in October,’’ said Lee-Sheriff. “We have discovered 11 new mineralized veins since the beginning of August, 2016, at least five with visible gold.”
    The company said it plans to drill a minimum of 3,500 metres of 5.5-inch diameter reverse circulation drill holes during 2016, with additional drilling planned to continue into 2017. The occurrence of gold at 3 Aces is so fine grained it tends to accumulate in clusters which appears and metallurgically becomes course gold nuggets.
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