HAYDEN, ID / ACCESSWIRE / June 22, 2015 / Golden Predator Mining Corp. (TSX.V: GPY) (the “Company” or “Golden Predator“) is pleased to announce the Company has received its amended Class 3 exploration permit to continue exploration and conduct bulk sampling at the 3 Aces project. The bulk sample program is designed to acquire up to 2,000 cubic meters of high grade gold bearing quartz vein material from the Sleeping Giant zone. The material will be transported off site and is planned to be processed in its entirety to further advance the Company’s understanding of the distribution of the coarse gold particles and provide additional baseline data that could be used in designing a process flow sheet for this type of material.
The bulk sample program is a follow-up to the Sleeping Giant zone’s 2013-2014 large volume sampling and metallurgical testing program where the results on 3 samples ranging from approximately 600 to 800 kg returned gold recoveries by gravity alone of 74.6% to 88.5% and total gold recoveries after CN leaching of the tails of 93.5% to 98.3%(1). The initial bulk sample of 2015 will expand on Sample BS-3A13-03 which contained in excess of 200 gpt Au.
3 Aces Project, Yukon
The 3 Aces property consists of 1,108 contiguous quartz claims (23,000 hectares) located in southeast Yukon. The property is located along the Nahanni Range Road which accesses the operational Cantung Mine located 40 kilometres to the north.
The 3 Aces property contains a number of quartz veins and vein zones that cut Cambrian aged limestone, shale, quartz grits and pebble chert conglomerates of the Hyland Group. Previous sampling and exploration by Golden Predator (formerly Northern Tiger) has outlined extensive gold-in-soil anomalies over nine square kilometres, including numerous high grade gold showings.
The 3 Aces property is located in the traditional territory of the Kaska Nation. In January 2013, Golden Predator signed an Exploration Agreement with the Kaska Nation, as represented by the Ross River Dena Council and the Liard First Nation, with respect to activities within their traditional territories.
The technical content of this news release has been reviewed and approved by Michael Maslowski BSc, CPG, a consultant to the company and a Qualified Person as defined by National Instrument 43‐101.
Golden Predator Mining Corp.
Golden Predator Mining Corp. holds the Brewery Creek project, a past producing heap leach gold mine with a preliminary economic assessment delivered in Q4 2014. The Company also holds the 3 Aces gold project in the Yukon which it continues to delineate and test, and the Castle West project in Nevada.
For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(208) 635-5415
info@goldenpredator.com
www.goldenpredator.com
(1) Golden Predator Mining Corp. News Release dated December 2, 2014
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.
SOURCE: Golden Predator Mining Corp.
ReleaseID: 430018
