Golden Predator Intercepts 28 m of 5.06 g/t Gold at Brewery Creek's Bohemian Discovery Zone
TSX: GPD
VANCOUVER, April 7 /PRNewswire/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce results from ten additional core holes from its winter 2011 drill program at its Brewery Creek Project, Yukon. All ten of these holes, which are in the Bohemian Zone discovered late last year, intersected significant mineralization with best results of 28.0 m of 5.06 g/t gold beginning at a depth of 46.0 m in hole BC11-183, including 13.5 m of 8.78 g/t beginning at a depth of 53.5 m.
"These consistent results, with increasingly high grades, are extremely promising for the rapid development of the Brewery Creek project beyond the exploration phase." said Chairman & CEO William M. Sheriff. "With all 15 of the holes from our winter drill program received to date providing exceptional results, we look forward to the continued expansion of the open ended Bohemian Zone.
Brewery Creek
Core drilling at Brewery Creek this winter delineated a strongly mineralized steeply dipping, structural corridor that traverses the Bohemian Zone. The east-west corridor intersects a lower angle tabular mineralized zone in intrusive rocks; both remain open along strike. The steeply dipping structural zone lies approximately 500 m east of the Lucky deposit, the nearest past producing deposit, and is an extension of the 12 km Reserve Trend that traverses the Brewery Creek district. Results from the final holes drilled in the current program are pending.
The Brewery Creek Property is located 55 km due east of Dawson City, Yukon and comprises 793 quartz claims over 165 km(2). Brewery Creek was the site of a heap-leach gold mine which operated from 1996-2002 and produced 279,541 ounces of gold. Current resources remaining on the Property include an Indicated Resource of 3.98 MM tonnes grading 1.135 g/t gold and an Inferred Resource of 2.2 MM tonnes averaging 2.01 g/t gold (Diment and Simpson, 2009). The Brewery Creek Project is authorized under a Type A Water License and a production license with expiry dates of December 31, 2021.
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2011 Diamond Drill Holes at Brewery Creek, YT
Significant Intercepts(1),(2)
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Drill From To Interval Gold
Hole (m) (m) (m) (g/t)
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BC11-180 52.0 88.0 36.0 0.69
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including 52.0 60.0 8.0 1.24
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BC11-181 46.0 56.7 10.7 1.50
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including 53.5 56.7 3.2 3.04
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BC11-182 39.0 49.0 10.0 3.56
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including 39.0 45.0 6.0 5.18
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BC11-183 12.0 15.0 3.0 2.15
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BC11-183 46.0 74.0 28.0 5.06
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including 53.5 67.0 13.5 8.78
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BC11-184 37.0 83.1 46.1 1.00
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including 45.0 49.0 4.0 3.99
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BC11-185 18.0 58.0 40.0 1.06
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including 35.5 56.0 20.5 1.63
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BC11-186 0.0 25.0 25.0 1.01
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BC11-187 15.0 26.0 11.0 3.10
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BC11-187 39.9 57.4 17.5 0.80
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including 45.0 55.5 10.5 0.96
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BC11-188 31.0 45.7 14.7 1.15
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including 31.0 37.0 6.0 1.76
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BC11-189 29.0 41.0 12.0 1.32
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(1) Results where g/t x m is less than 2.5 are not reported in this
table, unless the individual grade was (greater than or equal to)
1 g/t gold over a minimum of 3.0 m. Other intervals require (greater
than or equal to) 0.5 g/t gold to be included.
(2) grams per tonne (g/t) to troy ounces per short ton: g/t divided by
34.2857 or multiply by .0292
meters to feet: 1 m equals 3.28084 ft.
Sampling Methodology, Quality Control and Assurance
Samples were fire assayed by ALS Chemex in Vancouver. Refer to the Company's news release dated March 24, 2011 for a complete discussion of sampling methods, quality control and assurance.
The technical content of this news release has been reviewed and approved by Bruce R. Otto, M.Sc., P.Geo., CPG, the Company's Senior Structural Geologist 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 comprising over 2,000 km(2). The 2011 winter drilling program has commenced at the Brewery Creek and Grew Creek projects. 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.
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