Golden Predator Commences 3 Aces Drill Program
VANCOUVER, BC–(Marketwired – October 17, 2016) – Golden Predator Mining Corp. (TSXV:GPY) is pleased to announce the start of its drill program at the 3 Aces Project in Canada’s Yukon. The drilling contract was awarded to a unique progressive joint venture between Boart Longyear and the Liard First Nation.
VANCOUVER, BC–(Marketwired – October 17, 2016) – Golden Predator Mining Corp. (TSXV:GPY) is pleased to announce the start of its drill program at the 3 Aces Project in Canada’s Yukon. The drilling contract was awarded to a unique progressive joint venture between Boart Longyear and the Liard First Nation. The Company has commenced use of the recently completed bridge crossing the Little Hyland River, reducing operational costs and allowing for year-round operations.
3 Aces Drill Program
The drill program is intended to test high grade mineralization exposed in a number of trenches along strike and down dip in the Ace of Spades zone and the Jack of Spades zone, and from additional mineralized veins in the Spades, Hearts and Clubs areas. Together, the Clubs, Diamond, Hearts and Spades areas encompass approximately 10.5 km2.
The 3 Aces drill program is targeted to complete a minimum of 3,500m of 5.5 inch diameter reverse circulation (RC) drilling and 400m of PQ Core drilling in Q4 2016. Drilling is expected to continue into December 2016 and commence again in Q1 2017.
Highlights of the last RC drilling on the Ace of Spades zone included (News Release June 20, 2016):
- 11.43 m of 31.89 g/t gold from a depth of 12.80 m
- 6.40 m of 13.80 g/t gold from a depth of 22.55 m
- 2.28 m of 96.78 g/t gold from a depth of 3.51 m
- 10.36 m of 14.30 g/t gold from a depth of 10.06 m
In addition, panel sampling of trenches from the recently discovered Jack of Spades zone included gold assays up to 186.5 g/t. The Six of Clubs and Ten of Clubs veins reported 16.85 g/t gold and 10.65 g/t gold respectively.
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