Linking the golden zones at Brewery Creek
Drilling indicates separate deposits merge into larger zone
Last updated 2/22/2020 at 2:19pm
Golden Predator Mining Corp. Jan. 20 said its 2019 drilling has confirmed a 2,800-meter continuous trend of gold mineralization at its Brewery Creek Mine project about a 45-minute drive from Dawson City, Yukon.
Previous modelling had suggested that the Fosters, Kokanee and Golden resource areas were discrete deposits within the larger Reserve trend at Brewery Creek. Results from Golden Predator's 2019 drill program and recent remodeling suggest that these previously separate resources are one continuous zone of gold mineralization that remains open to the northeast.
"The original resource modeling at Brewery Creek identified small, discrete deposits which imposed significant limitations on the design and operation of the mine," said Golden Predator Mining CEO Janet Lee-Sheriff. "The 2019 drill results, in conjunction with the recently announced updated resource estimation, suggest a very different interpretation which will allow the company to aggressively target additional undrilled mineralization in 2020 to further increase the currently reported mineral resource."
This resource, which was completed in January, outlines 21.14 million metric tons of indicated oxide resource averaging 1.13 grams per metric ton (765,000 ounces) gold; and 14.12 million metric tons of inferred oxide resource averaging 0.97 g/t (440,000 oz) gold.
Golden Predator drilled 177 holes last year that have yet to be incorporated into the resource, including these newest holes from Golden zone.
Step-out holes at the Golden zone, which is located toward the northeast end of the Reserve trend, have extended mineralization an additional 400 meters along strike to the northeast of the historical lower Golden pit. These holes tested a previously undrilled 500-meter-long segment of the projected mineralized structural zone extending from the Golden pit to the Lucky Pit.
Highlights from these Golden step-out holes include:
• 10.7 meters of 1.39 grams per metric ton gold from a depth of 9.1 meters in hole RC19-2614.
• 12.2 meters of 2.60 g/t gold from a depth of 22.9 meters in RC19-2624.
• 7.6 meters of 1.24 g/t gold from a depth of 29 meters in RC-2659.
Golden Predator said infill drilling is also confirming the resource within the Golden deposit, highlights include:
• 9.2 meters of 3.9 g/t gold from a depth of 24.4 meter in hole RC19-2646.
• 19.8 meters of 0.56 g/t gold from a depth of 15.2 meters in RC19-2596.
Earlier this month, the company reported results from drilling on the southwest side of Golden where the zone converges with Kokanee. Highlights from this Golden-Kokanee zone drilling include:
• 15.2 meters of 4.6 g/t gold from a depth of 65.5 meters in in-fill hole RC19-2561.
• 30.5 meters of 1.25 g/t gold from a depth of 53.3 meters in in-fill hole RC19-2562.
• 10.7 meters of 3 g/t gold from a depth of 115.8 meters in step-out hole RC19-2599.
• 19.8 meters of 1.28 g/t gold from a depth of 9.1 meters in step-out hole RC19-2651.
Further 2019 drill results are currently being processed and will be released as they become available and an updated resource calculation that includes the 2019 drill data is expected before mid-year.