VANCOUVER, April 21 /PRNewswire-FirstCall/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce that it has staked several additional project areas in the Yukon's Selwyn Basin comprising a total of 2,410 quartz claims and covering approximately 520 km2. These project areas are in addition to the Company's existing Rogue, Cynthia and Harlan project areas, and increase the Company's total land base in the Selwyn Basin to 7,805 quartz claims.
The Selwyn staking project furthers the Company's objective of being the leading gold exploration and development company in the Yukon, with the Company's total Yukon land position now exceeding 11,000 quartz claims covering over 2,300 km2.
Selwyn Basin Gold District
The Selwyn Basin Gold District is a significant new emerging gold district in the Yukon. The recent discovery of Atac Resources' (ATC:TSX.V) Osiris project in the area has proven the district's potential to host gold mineralization. The 7,805 quartz claims in this area have been acquired to cover large areas which have been identified as prospective based on an analysis of the extensive regional geochemical stream sediment survey data of the Yukon Government combined with observations on the geological, stratigraphic, and structural controls of the mineralization in this newly emerging district. In particular, the stream sediment survey data indicated areas with anomalous concentrations of one or more of the important pathfinder elements; Gold, Arsenic, Mercury, and Antimony. These data combined with visual observation of alteration cells guided this staking program.
The technical content of this news release has been reviewed and approved by Gilles Dessureau, M.Sc., P.Geo. Mr. Dessureau is a Senior Geologist with Golden Predator and a Qualified Person as defined by National Instrument 43-101.
About Golden Predator Corp.
Golden Predator Corp.'s mandate is to be the leading gold property explorer and developer in Yukon, Canada. Golden Predator has a vast Yukon property position with three advanced gold projects, 6 pipeline prospects as well as exploration landholdings, all totalling over 2,300 km2. The 2011 winter drilling program has been completed at the Brewery Creek project and continues at the Grew Creek project. In 2011 Golden Predator will continue aggressive drill programs and work towards completing initial resource estimates for Grew Creek and Clear Creek and updating the existing resource estimate for Brewery Creek, in addition to conducting initial drilling at the recently acquired Harlan project.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Golden Predator's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Golden Predator assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
SOURCE Golden Predator Corp.