EDMONTON, Alberta--(BUSINESS WIRE)--Golden Predator Mining Corp. (TSX.V: GPY) (the “Company”) announces that metallurgical and mineralogical characterization test work has commenced on 3 large volume samples collected from the Sleeping Giant zone on the 3 Aces property in the Yukon Territory. The 3 Aces project has areas such as the Sleeping Giant zone that contain high grade gold values with abundant visible and coarse gold. These metallurgical tests will provide Golden Predator information on the coarse gold particle size distribution and other parameters to enable them to design proper sampling and assaying techniques to accurately account for the coarse gold nugget effect in future exploration programs. The test work also includes gravity recoverable gold tests which will indicate the materials amenability for simple gravity recovery methods.
In 2013 GPY collected 3 large samples, each approximately 800 kg, from the hanging wall portion of the Sleeping Giant vein zone. The apparent hanging wall contact of the Sleeping Giant vein zone is exposed as a dip slope on the property and in order to obtain more information concerning the distribution of gold mineralization within the vein, the areas were drilled and blasted with small controlled blasts. The drilled and blasted areas were about 2 m by 3 m along the dip slope and 1 m deep (into the vein). The blasted material was then collected by hand and placed into 1 ton poly ore bags. The bags were sealed with numbered security straps and flown by helicopter to a nearby flat deck truck. The samples were shipped via truck to SGS Canada Inc. Laboratories in Burnaby, British Columbia and stored in a secure location.
The sample locations are spread out along about 140 m of strike length. Samples 1 and 2 were collected from the Mesa outcrop area and sample 3 was collected from the 2012 Trench 1 area about 100 m south of the Mesa outcrop. All three samples were collected in areas that were previously channel sampled and the areas were selected in order to obtain samples from areas with low, medium and high gold values. Selected channel sample results adjacent or close to the three metallurgical sample sites are shown in the table below.
Table 1: Select Channel Sample Results from Metallurgical Sample Locations
|Metallurgical Sample ID||Channel Sample ID||Composite Gold g/t||Composite Length (m)|
*Previously released in August 8, 2012 Press Release by Northern Tiger Resources.
The characterization test work is being carried out by SGS Canada Inc. laboratory in Burnaby, British Columbia and is designed to begin developing understandings of the physical occurrence of the gold in the vein material, to establish a preferred assay sample size and method, and to begin metallurgical characterization of the coarse gold bearing material. The samples will be stage crushed by SGS Canada Inc. to -10 and -20 mesh. A 2,000 gram test charge from each sample will be split out and submitted for gold and silver analysis by screen metallic method. A sub-sample from one of the three large samples will be submitted for a gold deportment study. The gold deportment study will consist of gold speciation and quantification of all gold minerals, their size distribution, liberation characteristics and association with other minerals. Additionally, a 20-kg sub-sample from each of the large samples will be submitted for E-GRG testing (Gravity Recoverable Gold) to determine the materials amenability to gravity concentration as a function of size distribution. The remaining material from each large sample may be submitted for total gold recovery with gravity methods and processed in bulk fashion depending on the results from the earlier test work. If one or more samples are processed in bulk, a representative split from the tails of each sample will be subjected to test for identification of additional gold recovery by traditional mineral process techniques by grinding the tails to 75 microns and leaching with cyanide.
Results from the phase I program which includes the screen metallic assays, gold deportment study and gravity recoverable gold test should be completed by mid to late August.
3 Aces Project, Yukon
The 3 Aces property consists of 1,108 contiguous quartz claims (23,000 ha) located in southeast Yukon. The property is located along the Nahanni Range Road which accesses the operational Cantung Mine located 40 km 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 (see property map below).
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.
To view Property Au Soil Geochemistry, please follow this link:
To view the Sleeping Giant Zone Metallurgical Sample Locations, please
follow this link:
Golden Predator Mining Corp.
Golden Predator’s corporate mandate is to advance the Brewery Creek project towards production through a joint venture arrangement. In 2013, the Brewery Creek project established an updated oxide resource estimate of 14.1 million Indicated tonnes at an average grade of 1.27 g/t Au for 577,000 ounces and 9.3 million Inferred tonnes at an average grade of 0.94 g/t Au for 269,000 ounces. Resources were estimated with an average oxide cutoff grade of approximately 0.50 g/t Au as disclosed in a NI 43-101 technical report filed on SEDAR(1). The Brewery Creek mine operated from 1996 to 2002, before closing due to low gold prices. Mining licenses and permits are in place for continued exploration along with a Socio Economic Accord with the Tr'ondek Hwech'in. The Company holds additional projects with current resources and/or new discovery potential, including the high grade 3Aces and Grew Creek gold projects and the Marg & Clear Lake polymetallic massive sulfide deposits.
Mr. Mike Maslowski, CPG, a Qualified Person as defined by National Instrument 43-101 and a consultant for the Company, has reviewed, verified and approved disclosure of the technical information contained in this news release.
1) NI 43-101 Technical Report on Resources, Brewery Creek Project, Yukon Territory, Canada by Donald Hulse, P.E., SME-RM, M. Claiborne Newton, III, Ph.D., SME-RM et al. Dated January 2014 filed on SEDAR.
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.