Golden Predator follows the gold to Sprogge
Last updated 8/10/2018 at 6:29am
Golden Predator Mining Corp. July 26 reported that a 2,500-meter drill program is underway in the Sprogge area of the company's 3 Aces gold project in southeastern Yukon.
Sprogge, situated immediately southeast of the original 3 Aces property, was acquired by Golden Predator late in 2017.
The Sprogge property blankets favorable structural-stratigraphic contacts similar to those that host the high-grade gold occurrences Golden Predator has outlined in the core zone at 3 Aces. The company said these contacts can be traced 8,000 meters southeast from the 3 Aces core zone onto the Sprogge property.
Overall, these structural-stratigraphic contacts are projected to extend from Sprogge, through 3 Aces and northwest to the Reef and Hy-Jay gold occurrences, a span of roughly 35 kilometers (22 miles) covered by Golden Predator's land package.
"We are increasingly confident that we understand the gold deposition at 3 Aces and that the primary structural control in our model accounts for the most important gold occurrences on 3 Aces over a distance of more than 30 kilometers (19 miles)," said Golden Predator Chairman William Sheriff.
A 3,682-meter winter drill program tested the company's structural model with wide-spaced holes to test the continuity along favorable stratigraphic-structural contacts within the 3 Aces core zone.
Extensive quartz veining was encountered in 12 of the 15 holes drilled during the program, with significant gold reported in seven. The best hole, 3A18-309, cut 2.5 meters of 13.93 grams per metric ton gold from a depth of 87.5 meters.
With the winter program confirming the model, Golden Predator is now targeting a 2,000-meter stretch of the primary structural control at Sprogge.
Previous surface sampling of the primary structural zone at Sprogge returned 25 quartz outcrop samples ranging from 5.73 to 46.49 g/t gold along 2,000 meters. This exposed primary structural control lies along the eastern edge of an extensive gold-in-soil anomaly.