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Golden Predator Discovers New Style of Disseminated Gold

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douginil   Monday, 11/19/18 12:38:01 PM
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Golden Predator Discovers New Style of Disseminated Gold Mineralization at 3 Aces Project, Yukon

Results from drilling to extend the high grade Hearts Zone xpected in early January

Vancouver, BC, November 19, 2018: Golden Predator Mining Corp. (TSX.V: GPY , OTCQX:NTGSF ) (the “ Company ”) reported today that drilling of the extensive soil geochemical target in the Sprogge Area of the 3 Aces Project located in s outheast Yukon has discovered an important new style of disseminated gold mineralization. The Sprogge Area discovery represents a potentially large gold - bearing intr usive system not previously encountered at the 3 Aces Project . Follow - up exploration of this new gold discovery is planned for 2019 starting with geophysical surveys designed to target blind intrusive - related gold mineralization at depth.

A total of 27 HQ diamond drill holes amounting to 2,169 meters tested six separate zones within 1.4 by 1.0 km of the Sprogge Area at the 3 Aces Project. Surface gold mineralization, defined by gold and arsenic in soil geoch emical anomalies and subsequent rock chip geochemistry, is present along stratigraphic contacts and structures exposed at the surface. The shallow drill holes targeted this near - surfa ce gold mineralization at the lithologic contacts .

Th e new ly discovered mineralization differs from the previously defined , structurally - controlled o rogenic - style high - grade veins encountered in the Central Core Area of the 3 Aces project. In the Sprogge drilling, s teeply dipping, north - northwest trending dike - filled faults an d shears were encounter ed that show coherent intervals of gold grade. The intrusive - hosted mineralization is entirely in felsic dikes a nd appears to be significantly younger than the orogenic mineralization. Hole 3A18 - 335 intercepted 16.86m of 1.35 g/t g old from a depth of 16.2 meters including 1.38m of 8.34 g/t and 0.8m of 7.29 g/t gold. A second hole, 3A18 - 346, confirm ed the intrusive hosted mineralization (see figures 4 through 6 ).

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