EDMONTON, Alberta--(BUSINESS WIRE)--
Golden Predator Mining Corp. (GPY.V) (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.
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Summary of Gravity Recoverable Gold Tests
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Metallurgical Sample ID
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Head Grade (Au g/t)
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Total GRG %
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GRG % P80 -20 mesh
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GRG % P80 -75 mesh
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GRG % P80 -200 mesh
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BS-3A13-01
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1.79
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86.9
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52.1
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27.5
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7.3
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BS-3A13-02
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10.5
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93.7
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51.7
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37.2
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4.8
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BS-3A13-03
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212.5
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95.8
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69.2
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22.0
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4.6
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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.
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Summary of Screen Metallic Assay Results
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Metallurgical Sample ID
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Screen Metallic Total Au g/t
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+150 fraction Au g/t
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-150 fraction Au g/t
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BS-3A13-01
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1.6
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6.3
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1.3
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BS-3A13-02
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10.5
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117.9
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6.5
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BS-3A13-03
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215.5
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2109.8
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105.3
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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.
http://www.fscwire.com/sites/default/files/NR/887/3802_goldenimage.jpg
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.
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