Golden Predator Discovers Coarse Visible Gold 

 

VANCOUVER, BC - Golden Predator Mining Corp. reported discovery of visible gold mineralization in the newly identified Jack of Spades quartz vein at its 3 Aces Project in southeastern Yukon.  This is the first discovery arising from the Company’s phase II exploration program commenced on August 3, 2016. The Jack of Spades vein was discovered through systematic trenching and mapping of a small portion of one of the 16 soil anomalies present across the 10 km2 central core area of the 225 km2 property. 

The newly discovered Jack of Spades vein is 2.5m thick and is located 100m east of the Sleeping Giant vein (now renamed the Ace of Spades vein), and 1,100m east-northeast of the Main Discovery Vein, (now renamed the Ace of Hearts vein).   Trenching at the Jack of Spades vein has exposed 25m of strike length and the top 3m of dip extent.  Patchy coarse gold, sometimes crystalline, occurs within a 4m x 3m area along the western end of the exposed Jack of Spades vein.  Two other occurrences of visible gold occur in the central area of the Jack of Spades vein.  This style of mineralization is consistent with the gold occurrences along and within the Ace of Spades vein. 

The newly discovered Jack of Spades vein, trending 097/60SW has a different orientation than the previously discovered Ace of Spades vein and Ace of Hearts vein. The Ace of Spades vein which is oriented 050/50SE is the site of the Company’s bulk sampling conducted earlier this year. The Ace of Hearts vein, which is oriented 170/70NE is the site of the original discovery of coarse gold in an outcropping quartz vein in 2009.

The Jack of Spades vein, Ace of Spades vein and Ace of Hearts vein have all formed at the contact between softer shales  and harder sandstone to conglomerate grit unit.  Optimal conditions contributing to vein geometry include the intersection of high-angle, north to north-northwest trending structures and the favorably oriented contact between the shales and the grit unit. These northerly trending structures appear to exhibit a significant influence over gold mineralization as coarse visible gold occurs along with arsenopyrite adjacent to and within their intersections with the westerly Jack of Spades vein. The newly recognized relationships between gold mineralization, structure and host rock lithology will provide better targeting for the potential discovery of additional high grade vein zones.