Resource World Magazine

28 www.resourceworld.com a u g u s t / s e p t e m b e r 2 0 1 6 Golden Predator's high-grade gold 3 Aces Project by Ellsworth Dickson Golden Predator Mining Corp. [GPY-TSXVN TGSF-OTC] has seen a dramatically rising share price with the company focus- ing most of its efforts on the 100%-owned 3 Aces gold property in southeast Yukon. The prospect features very high-grade native gold vein outcrops that have returned assays up to 4,820 grams gold/tonne. In an interview, William Sheriff, Chairman, told Resource World that the rising share price is due to several factors. "Once we were above 10 cents, I think much of the increase was a result of our exploration results at 3 Aces and the participation of key inves- tors plus retiring over 10 million shares." Golden Predator extracted a 750-tonne bulk sample of high- grade material from the Sleeping Giant Zone at 3 Aces in winter 2016. Sampling began April 10, with 66.65 dry tonnes processed by June 3. A total of 3,442.8 grams (110.7 troy oz) of gold concen- trate with an estimated gold content of 85.9% has been recovered from processing. Sheriff said there are a couple of objectives for the bulk sampling program. "It all centres around trying to get a better understanding of the distribution and recovery of the high-grade gold in the veins," he said. "To avoid the 'nugget effect' of very high-grade or low-grade intersections skewing resource calcula- tions, the bulk sample will address this problem. We also want to determine what metallurgical procedures are best to maximize gold recoveries." Initial gold gravity recoveries from the bulk sample are run- ning 80.81% to 92.79%. "We are recovering more gold than the program is costing us," noted Sheriff. A small drilling program was completed at 3 Aces before the winter ice bridge was gone. "It was a bit ambitious to carry out a drill program in the Yukon in the winter but we did it and gen- erated some confidence when we successfully demonstrated that we had multiple high-grade veins with some continuity and very good gold recovery," said Sheriff. "The results of our winter pro- gram along with the overall potential of the project brought in some important investors, including FCMI Parent Co, operated by Albert Friedberg, Power One's Pat DiCapo, McEwen Mining Ltd. and Eric Sprott. In addition, Tony Lesiak, Managing Director and Global Head of Mining Research for Canaccord Genuity, and Stefan Spears of McEwen Mining joined the board." With summer here and the convenient ice bridge access to 3 Aces melted, the company has put in an application to build an all- weather bridge. Bridge parts have arrived and will be assembled following permit approvals. Meanwhile, the company has permits to cross the Little Hyland River at an easily crossable location. Golden Predator has released assay results for the reverse circu- lation (RC) drill program at 3 Aces. Highlights include: • 3A16-RC003 with 6.4 metres of 13.8 g/t gold from a depth of 22.55 metres, including 1.83 metres of 31.32 g/tgold; • 3A16-RC007 with 2.28 metres of 96.78 g/t gold from a depth of 3.51 metres, including 0.76 metres of 272 g/t gold; • 3A16-RC015 with 11.43 metres of 31.89 g/t gold from a depth of 12.8 metres, including 6.1 metres of 50.5 g/t gold; • 3A16-RC025 with 10.36 metres of 14.3 g/t gold from a depth of 10.06 metres, including 0.76 metres of 53.1 g/t gold, 2.29 metres of 22.54 g/t gold and 0.46 metres of 42.9 g/t gold. "Drill results continue to demonstrate impressive values along with an apparent thickening of mineralization with depth," said Janet Lee-Sheriff, CEO. "With each successive program, we con- tinue to demonstrate continuity of mineralization and expand our working knowledge of the nature of the veins and mineralization at 3 Aces. We look forward to applying this knowledge to the system- atic exploration of additional veins at the project, while continuing to expand the mineralization along the Sleeping Giant vein." Golden Predator is planning another drill program but not until some other work is first started. William Sheriff said that there are many gold-rich areas at 3 Aces and with a recently announced financing the company will begin road building, trenching, detailed structural mapping, sampling and drilling. At the 100%-owned Brewery Creek gold project, 55 km east of Dawson City, a heritage study is under way with the Tr'ondek Hwech'in in order to advance permitting to place the mine back into production. The Brewery Creek camp is also reopening with a PQ core drill program planned as the initial program. Refer to company website for details on the positive Brewery Creek PEA. Golden Predator has about nine other projects; however, the main focus is on 3 Aces and Brewery Creek. n A backhoe extracts gold-rich material form the Sleeping giant Zone at the 3 Aces project in the Yukon for the bulk sample. photo courtesy golden predator mining Corp. miNiNg

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