Gravity Tests Indicate 87% to 96% Gold Recovery at Golden Predator’s 3 Aces Project

EDMONTON, Alberta--()--Golden Predator Mining Corp. (TSX.V: GPY) (the “Company”) announces that results from Gravity Recoverable Gold (GRG) tests done on three samples from the 3 Aces project in the Yukon Territory have returned GRG recoveries of 86.9 to 95.8%. The GRG testing was completed on three 20-kg sub-samples taken from three larger volume samples collected at the 3 Aces Project’s Sleeping Giant Zone for metallurgical and mineralogical characterization test work (news release dated July 15, 2014). The three samples will now be processed in their entirety in bulk fashion to measure total gold recovery from each of the 600 to 800 kg samples.

 

Summary of Gravity Recoverable Gold Tests

Metallurgical
Sample ID

 

Head Grade
(Au g/t)

 

Total
GRG %

 

GRG %
P80 -20 mesh

 

 

GRG %
P80 -75 mesh

 

 

GRG %
P80 -200 mesh

 

BS-3A13-01   1.79   86.9   52.1   27.5   7.3  
BS-3A13-02   10.5   93.7   51.7   37.2   4.8  
BS-3A13-03   212.5   95.8   69.2   22.0   4.6  
         

Prior to the GRG tests, SGS Canada Inc. completed screen metallic assays on three 2-kg sub-samples split from the larger volume samples. The screen metallic assays compare very well with the GRG tests and indicate that routine large pulp (approximately 2-kg at minus 10 mesh) screen metallic assays should provide reliable assays going forward in exploration and delineation of the high-grade coarse gold mineralization at the 3 Aces project.

 

Summary of Screen Metallic Assay Results

Metallurgical
Sample ID

 

Screen Metallic
Total Au g/t

 

+150 fraction
Au g/t

 

-150 fraction Au
g/t

BS-3A13-01   1.6   6.3   1.3
BS-3A13-02   10.5   117.9   6.5
BS-3A13-03   215.5   2109.8   105.3
     

In 2013 GPY collected 3 samples, 842 kg, 800 kg and 620 kg, from the hanging wall portion of the Sleeping Giant vein zone. The samples were shipped via truck to SGS Canada Inc. Laboratories in Burnaby, British Columbia and stored in a secure location. 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.

The characterization test work is being carried out by SGS Canada Inc. in Burnaby, British Columbia. The remaining material from each large sample is now being processed for total gold recovery with gravity methods and processed in bulk fashion. 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 processing of the complete large samples should be available in the fourth quarter of 2014.

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 (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.

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.

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Golden Predator Mining Corp.

Golden Predator’s corporate mandate is to advance the Brewery Creek project towards production through a joint venture arrangement. 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 3 Aces and Grew Creek gold projects and the Marg and Clear Lake polymetallic massive sulfide deposits.

For additional information:

Greg Hayes, Chief Executive Officer

(587) 524 1599

or

William M. Sheriff, Co-Chair

(208) 635 5415

info@goldenpredator.com

www.goldenpredator.com

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.

Contacts

Golden Predator Mining Corp.
Greg Hayes, 587-524-1599
Chief Executive Officer
or
William M. Sheriff, 208-635 5415
Co-Chair
info@goldenpredator.com
www.goldenpredator.com

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Contacts

Golden Predator Mining Corp.
Greg Hayes, 587-524-1599
Chief Executive Officer
or
William M. Sheriff, 208-635 5415
Co-Chair
info@goldenpredator.com
www.goldenpredator.com