Gold and Silver miners (Jr and Exploration)

[Edge83]

Golden Predator Reports Additional High-Grade Drill Results from 3 Aces Project

January 16, 2018

Vancouver, BC, January 16th, 2018: Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) (the “Company” or “Golden Predator”) today reported results of 43 Grade Control drill holes at the 3 Aces Project in southeast Yukon, including the highest gold assays returned to date from drilling on the project.

These drill holes were designed to investigate close-space variability in three different areas of the Spades Zone in order to prepare for resource delineation drilling across the Central Core Area later this year.  Results are being used to: (1) validate predicted grade distribution from previous results in these areas; and (2) design future bulk samples of these areas. Bulk sampling is expected to support previously released data indicating that up to 95% of the gold in the central Spades Zone can be recovered using gravity methods only (see December 7, 2017 News Release).

Highlights include:

Hole 3A17-208 intersected 4.57 m of 81.35 g/t gold from a depth of 0.76 m; Hole 3A17-209 intersected 21.33 m of 18.33 g/t gold from a depth of 2.29 m; Hole 3A17-215 intersected 5.33 m of 49.37 g/t gold from surface; Hole 3A17-220 intersected 13.72 m of 43.02 g/t gold from a depth of 1.52 m, including 0.76 m of 550.00 g/t gold; Hole 3A17-224 intersected 9.91 m of 21.81 g/t gold from a depth of 1.52 m; Hole 3A17-230 intersected 3.05 m of 88.27 g/t gold from a depth of 0.76 m; Hole 3A17-238 intersected 9.15 m of 41.03 g/t gold from a depth of 0.76 m, including 0.76 m of 487.00 g/t gold.

To view 3 Aces location and drilling maps please visit:
http://www.goldenpredator.com/_resources/maps/GPY-NR1802-Combined-Maps-FINAL.pdf

“High-grade gold deposits like 3 Aces require us to exercise great care to establish reliable sampling, assaying and, geological modeling and grade estimation procedures. We are extremely pleased with these drill results, which met and exceeded predicted grades clearly establishing the value of closely spaced drilling. These results will lead to optimized metallurgical processing and determine ideal drill spacing for continuing exploration,” said Janet Lee-Sheriff, Chief Executive Officer. “The Company will continue, as necessary, to grid drill and bulk sample other areas where high grade mineralization has been identified across the project to confirm grade and to better understand each zone’s metallurgical characteristics.”  

The close-spaced Grade Control drilling was completed in three areas, all of which are now considered to be part of the larger central Spades Zone. Significant gold mineralization was encountered in 39 of the 43 holes. The three areas (see maps and images link) were drilled on grids with a 5 m spacing to compare results with observed gold grade from previous drilling, and as a more definitive estimate of grade for comparison against future bulk sampling. This process is intended to accurately predict the returns that could be expected from a mining operation.  Programs of close-spaced drilling followed-up by bulk sampling are an integral part of the Company’s commitment to continuously evaluate the quality of drill hole assays, optimal drill spacing for resource delineation and optimal metallurgical recovery. Bulk sampling of the newly drilled areas in Central Spades is expected to commence in the summer of 2018 and will be processed at the Company’s own 40 tpd gravity processing plant.