The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Golden Predator Mining Corp. Oct. 5 reported new high-grade gold results and the discovery of new veins at its 3 Aces project in southeastern Yukon Territory. More than 800 rock chip, composite grab, channel and panel samples have been collected within the central core area of the property this year.
Trenching is being targeted in areas of anomalous gold geochemistry, known areas of mineralization and along new or existing road cuts.
Detailed geological mapping, surveying using a Differential Global Positioning System and 3D modeling of the trenching results are being conducted to estimate true widths of the newly exposed veins and to plan the upcoming drill program.
The company's program of road building followed by extensive trenching has continued to expose additional mineralized quartz veins including several with visible gold across the Spades, Hearts and Clubs zones.
Panel sampling of the three principal veins at the Jack of Spades discovery zone returned 186.5 grams per metric ton, 94.7 g/t and 64.3 g/t gold respectively.
Sampling of the northeast extension of the Ace of Spades vein returned assays of 51.2 g/t and 55.1 g/t gold.
Two new mineralized quartz veins were discovered in the Clubs zone with the Six of Clubs assaying 16.85 g/t gold from a large composite grab sample and the Ten of Clubs assaying 10.65 g/t gold from a panel sample. These discoveries in the Clubs Zone are 2,000 to 2,500 meters northwest of the Jack and Ace of Spades.
These recently identified and sampled veins will be targeted for drilling commencing in October 2016.
A total of 4,500 meters has been budgeted for the remainder of 2016, increasing to more than 25,000 meters in 2017.
"Our aggressive road-building, trenching, and sampling program has returned impressive high- grade results over a broad area. The newly discovered veins now provide ample targets for our RC (reverse circulation) drill program, which is set to begin this month and continue through the winter," said Golden Predator CEO Janet Lee-Sheriff.
-SHANE LASLEY
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