YUKON – Golden Predator Mining Corp. of Vancouver is consolidating its land position at the 3 Aces project in the southeast part of the territory. The company has entered into an option agreement with Precipitate Gold Corp. for the Reef property.
Map of Golden Predator claims including 3 Aces.
The Reef property lies between the Hyland and Little Hyland rivers between the 3 Aces property to the south and the Hy Jay property that Golden Predator acquired earlier this year to the north.
“With the acquisition of the Reef project we have control of over 30 kilometers of mineralized trend along strike from the known high grade gold veins at 3 Aces. This package now includes all of the high priority critical ground that appears favorable to host orogenic veins in the emerging 3 Aces district,” said Golden Predator CEO Janet Lee-Sheriff. “We look forward to conducting detailed site work this summer on the new holdings while a robust drill program continues at the original 3 Aces property.”
Golden Predator has agreed to make cash payments totaling $1.05 million over 36 months to Precipitate Gold. The vendor is also to receive common shares and warrants of Golden Predator over the same period.
CMJ outlined the work Golden Predator has done at 3 Aces in its January 2017 issue. Or visit www.GoldenPredator.com.