Golden Predator Receives Permit for Expanded Exploration Activities at the 3 Aces Project, Yukon

Vancouver, BC, November 28th, 2016: Golden Predator Mining Corp. (TSXV:GPY) is pleased to announce the receipt of a Class 4 Mining Land Use Permit (MLUP) at the 3 Aces Project in Yukon, Canada. The permit allows the company to carry out expanded exploration activities including the ability to construct up to 45 kilometers of roads, 40,000 cubic meters of trenching and the ability to bulk sample up to 10,000 tonnes of material annually. The permit is valid for a period of five years.
The 2016 exploration program has consisted of road work and trenching that has successfully identified over 25 mineralized veins and lead to target identification for the drill program, currently underway, and future bulk sampling. The Class 4 MLUP allows the Company the ability to significantly expand its exploration program.
“Golden Predator commenced the application process for this permit in 2016 following the Company’s bulk sampling program when the need for expanded exploration became clear,” said Janet Lee-Sheriff, Chief Executive Officer. “We want to thank the Yukon Government, the Yukon Environmental and Socio Economic Assessment staff and Board and the Kaska Nation for their due diligence in the review and approval of our application.”
A total of eight (8) projects in the Yukon operate under a Class 4 Mining Land Use Permits, including two projects held by Golden Predator; the 3 Aces project and the Brewery Creek project.
Read the full press release.
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