Golden Preda­tor bulk sam­ples 29.65 kg Au from 3 Aces

Stockwatch Daily - - MINES & METALS - Ms. Janet Lee-Sher­iff re­ports

GOLDEN PREDA­TOR Min­ing Corp. has pro­vided the rec­on­cil­i­a­tion from the bulk sam­ple pro­gram at the 3 Aces project in south­east Yukon, which yielded 29.654 kilo­grams (953.4 troy ounces) of fine gold from 776 met­ric tonnes pro­cessed. The av­er­age cal­cu­lated grade of the bulk sam­ple was 46.18 grams per tonne (g/t). The bulk sam­ple was pro­cessed solely by the com­pany us­ing con­ven­tional grav­ity re­cov­ery meth­ods (crush­ing, grind­ing, sluic­ing and shaker ta­bles) and has pro­vided valu­able tech­ni­cal in­for­ma­tion, and ef­fec­tively demon­strates that grav­ity pro­cess­ing is suf­fi­cient to ob­tain high gold re­cov­er­ies with­out the use of chem­i­cals or elab­o­rate equip­ment.

(See GPY Ta­ble 1 on page 13)

Of the to­tal metal re­cov­ered from the bulk sam­ple, 671 troy ounces of gold has been sold for pro­ceeds of $865,446 (U.S.). The com­pany re­tains 256 troy ounces of fine gold on ac­count with the re­fin­ery and 19.5 troy ounces in process at com­pany fa­cil­i­ties. The re­main­ing 6.9 troy ounces were re­tained by the re­fin­ers and the smelter for their ser­vices.

As­sum­ing an av­er­age gold con­tent of eight g/t in the tails, the re­sult­ing re­cov­ery rate is 83 per cent from a sim­ple grav­ity re­cov­ery cir­cuit. Ad­di­tional test­ing by Met-Solve Lab­o­ra­to­ries Inc. has in­di­cated that up to 75 per cent of the re­main­ing gold in the tail­ings can be re­cov­ered with ad­di­tional grav­ity pro­cess­ing us­ing an in­ex­pen­sive Fal­con con­cen­tra­tor. To­tal grav­ity re­cov­er­able gold is ex­pected to be ap­prox­i­mately 95 per cent.

“These met­al­lur­gi­cal char­ac­ter­is­tics have im­por­tant pos­i­tive con­se­quences for 3 Aces. We can see the po­ten­tial for low-cost, on site, en­vi­ron­men­tally friendly pro­cess­ing which could con­tribute to im­proved eco­nom­ics and fewer en­vi­ron­men­tal hur­dles,” said Janet Lee-Sher­iff, chief ex­ec­u­tive of­fi­cer. “While the pro­ceeds from gold sales are wel­come, the over­rid­ing im­por­tance of the bulk sam­ple pro­gram is the sci­en­tific in­for­ma­tion, es­pe­cially the un­der­stand­ing of the met­al­lurgy of the high-grade ma­te­rial from the Ace of Spades vein.”

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease (erikaf@stock­watch.com).

Den­nis Fen­tie, Richard J Gold­farb, Wil­liam B Har­ris, An­thony Le­siak, Wil­liam Mor­ris Sher­iff, Ste­fan Spears, Bradley Glen Thiele

(GPY) Shares: 94,373,210

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