Golden Predator Mining Corp. is a gold exploration company focused on advancing key projects with significant exploration upside, good infrastructure and community support. With experienced management and a strong shareholder base, the Company is well positioned for stable development.
The 3 Aces Project is an orogenic gold target consisting of 1,734 claims covering 357 km2 (35,700 ha) in southeast Yukon. Orogenic gold deposits are among the world’s largest and richest, such as the California Mother Lode Belt and the Juneau Gold Belt. The Company has to date focused exploration on the 13.5 km2 Central Core Area, a broad gold-in-soil anomaly, where numerous orogenic gold bearing quartz veins have been discovered. Exploration over the past two years has systematically advanced the project by establishing: (1) high gold grades can be reliably sampled; (2) gold mineralization is in predictable stratigraphic structural locations; and (3) gold grades have robust continuity within the recognized controlling features. Results support a stratigraphic structural model that predicts extensive lateral and vertical continuity of the 3 Aces mineral system. The 3 Aces Project has an Exploration Agreement with the Kaska Nation.
The initial focus of the 2018 exploration program at 3 Aces will be to drill wide-spaced diamond core holes into the major shear zones and folds associated with the postulated anticline. Core drilling will begin in the adjacent Sprogge area some 7 km to the southeast of the Central Core Area, where work by previous operators has contributed further evidence supporting Golden Predator’s geological model. The program will be designed to establish the extent of the mineralization in the Central Core Area, delineate the mineralization at Sprogge and ultimately, attempt to connect the two areas of mineralization.
The Brewery Creek Project is a past producing heap leach gold mining operation, operated by Viceroy Resource Corporation, shut down primarily due to low gold prices. The 181 km2 property is located 55 km east of Dawson City, Yukon. Brewery Creek has NI43-101 Indicated mineral resources of 577,000 oxide gold ounces contained in 14.15 million tonnes of material with an average grade of 1.27 g/t, and Inferred mineral resources of 279,000 oxide gold ounces contained in 9.3 million tonnes with an average grade of 0.93 g/t.1 The Brewery Creek Project has a Socio Economic Accord with the Tr’ondek Hwech’in.
Metallurgical testing is planned at Brewery Creek in 2018.
The Company also holds the Marg Project, Yukon, which has a 2013 NI 43-101 Indicated Resource of 3.96 million tonnes of 1.57% copper, 1.92% lead, 3.90% zinc, 49.40 g/t silver, and 0.79 g/t gold and an Inferred Resource of 7.78 million tonnes of 1.12% copper, 1.36% lead, 2.89% zinc, 34.88 g/t silver, and 0.52 g/t gold filed on SEDAR (Burgoyne, 2011).