Golden Predator Intersects 74 m of 7.08 g/t Gold 250m East of Bohemian Zone, Brewery Creek Project, Yukon
VANCOUVER, April 26 /PRNewswire/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce final assay results from its winter 2011 diamond drilling campaign, which was designed to expand the recently discovered Bohemian Zone at the Company's Brewery Creek Project. Significant results include 74 m of 7.08 g/t gold in hole BC11-198, including 57.5 m of 8.90 g/t gold beginning at a depth of 6 m. Four of the final ten holes reported (including hole BC11-198) are from the new Schooner Zone located 250 m east of the recently discovered Bohemian Zone. Importantly, hole BC11-199 - the easternmost hole of the program - intersected 51.6 m of 1.71 g/t gold starting at a depth of 20 m with the hole bottoming in 2.85 g/t gold from 69.5 m to the final depth of 71.6 m. Nine of the ten final holes reported herein intersected significant mineralization. In total the 2011 winter program reported significant mineralization on 24 of the 25 holes drilled.
"The excellent results of this winter's drilling program have resulted in a significant eastern expansion of the Bohemian discovery. This clearly redefines the potential of the Brewery Creek project as a larger and higher grade gold deposit." said William M. Sheriff, Chairman & CEO. "This latest discovery illustrates the great untapped potential of the entire Brewery Creek Project area which remains greatly underexplored."
Brewery Creek Winter Drill Program
The 2011 winter drilling program at Brewery Creek focused on the Bohemian Zone and its potential eastern extension to the Schooner Zone. This program resulted in the delineation of a strongly mineralized east-northeast striking corridor at Bohemian that has a minimum strike length of 250 m and an average width in excess of 25 m. The zone is open along strike in both directions and at depth. It is thought that the strong mineralization encountered at Schooner, approximately 250 m east of the last Bohemian hole may represent the extension of the Bohemian zone. The full extent of the mineralization will ultimately be determined by infill drilling between the Bohemian and Schooner Zones as well as step-out drilling along the projected extensions to the known zones. This next phase of drilling is set to commence in May 2011.
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.
The complete results of the Brewery Creek winter drill program, with accompanying maps, are available at: http://www.goldenpredator.com/documents/GPDNR11-17-BC-results-FINAL.pdf
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2011 Diamond Drill Holes at Bohemian and Schooner Zones,
Brewery Creek, YT
Significant Intercepts (1), (2)
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Drill Hole From To Interval Gold
(m) (m) (m) (g/t)
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BC11-190 29.0 39.0 10.0 1.26
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BC11-191 54.0 73.4 19.4 2.37
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including 62.0 73.4 11.4 3.73
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BC11-192 56.0 78.8 22.8 2.61
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including 72.7 78.8 6.1 6.40
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BC11-193 42.0 56.0 14.0 2.59
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BC11-195 24.0 61.0 37.0 0.70
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BC11-196 8.0 43.0 35.0 0.87
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BC11-197 3.0 36.0 33.0 1.02
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including 30.0 36.0 6.0 2.93
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BC11-198 6.0 80.0 74.0 7.08
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including 6.0 63.5 57.5 8.90
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and 18.0 36.5 18.5 11.86
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BC11-199 20.0 71.6 TD 51.6 1.71
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including 30.5 71.6 TD 41.1 2.02
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and 58.0 71.6 TD 13.6 3.01
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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 2.0 metres. 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, MSc, PGeo, 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., a well-funded exploration and development company, has a mandate 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 km(2). 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.
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