North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Golden Predator Mining Corp. Dec. 14 reported that results from 36 reverse circulation holes drilled at the 3 Aces Project in southeast Yukon have extended the mineralization has extended the Spades zone and confirmed the potential for near surface bulk tonnage type gold mineralization there.

Highlights from this batch of drill results include: 1.5 meters of 36.33 grams per metric ton gold from a depth of 32 meters in hole 3A17-175, drilled in the North-Central Spades (formerly known as the Queen of Spades) zone; 14.5 meters of 1.06 g/t gold from a depth 16.8 meters in hole 3A17-266, drilled in the Southern Spades (formerly Nine of Spades) zone; 14.5 meters of 3.4 g/t gold from a depth of 40.4 meters in hole 3A17-275, drilled in the Southern Spades zone; and 47.3 meters of 1.11 g/t gold from a depth of 5.3 meters in hole 3A17-144, also at Southern Spades.

Golden Predator said the latest batch of results extend the Spades zone by more than 20 meters to the south and confirm the high-grade gold mineralization and near surface bulk tonnage type mineralization. Drilling on the northern extent of the Spades zone, roughly 1,000 meters northwest of the step-out drilling, has encountered significant near surface bulk type mineralization.

Golden Predator Mining Corp.

Visible gold at an outcrop of the Jack of Spades vein at 3 Aces.

Gold grades in the northern and north-central portions of the Spades Zone are thought to represent leakage into the hanging wall from a major northwest trending shear zone that controls mineralization in the Spades, Clubs and Hearts zones. This mineralization is in the form of higher angle, higher grade gold in quartz veins typical of the central Spades Zone, as well as potentially bulk minable grades. Based on the evolving geological model, Golden Predator said the holes along the northern and north-central Spades trend should be extended 50 to 150 meter to reach and properly test this identified northwest trending shear zone target which appears to underlie most of the Spades Zone. This interpretation opens up a new target for exploration. The company also believes the shear zone accounting for the Spades Zone may be one of several such structures controlling gold deposition at 3 Aces.

"This drilling has opened our eyes to the very significant potential for disseminated mineralization in tandem with high grade veins in specific, repeating structures," said Golden Predator CEO Janet Lee-Sheriff. "With these new results from the southern end of the Spades which contain significant gold, you can see that we have successfully increased the known mineralization footprint by over 200 meters along strike to the south. The total strike of the Spades Zone is now approximately one kilometer."

–SHANE LASLEY