Golden Predator Intersects 98.3 m of 1.83 g/t Gold at Carlos Zone, Grew Creek Project, Yukon
TSX: GPD www.goldenpredator.com
VANCOUVER, May 26 /PRNewswire/ -- Golden Predator Corp. (TSX: GPD) (the 'Company') is pleased to announce results from the initial nine core holes of its winter 2011 drill program at its Grew Creek Project, Yukon. Eight of these holes have intersected significant mineralization, including 98.3 m of 1.83 g/t gold beginning at a depth of 54.9 m in core hole GC11-271. Core hole GC11-265 was not completed. Results are pending from the final eleven holes of the program.
Overview of the Grew Creek Project
Drilling results received to date confirm the position and orientation of veins and high-grade stockwork zones modeled from historic drill data. These new data fill gaps in the historic drill patterns and extend the known mineralized zones along strike and down dip. The Company is looking forward to receiving the results from the final eleven core holes of the winter 2011 program, which was completed in early May. The drill spacing achieved during this drilling campaign will provide the data necessary to calculate an indicated resource, which the Company is working to complete later this year.
The Grew Creek project is located 32 km southwest of Faro, Yukon. The property's 72 km(2) encompass 363 quartz claims, extending along both sides of the Robert Campbell Highway for approximately 27 km. 2010 drilling results included a discovery at the Carlos Zone, which lies approximately 900 m off of the highway, and power lines traverse the project area.
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Winter 2011 Diamond Drill Holes at Grew 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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GC11-264 148.9 183.4 34.5 1.56
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including 148.9 173.5 24.6 2.02
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including 148.9 155.4 6.6 5.65
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GC11-266 139.9 167.9 28.0 1.98
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including 139.9 150.4 10.5 3.58
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GC11-266 175.7 179.7 4.0 0.83
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GC11-267 225.6 233.6 8.0 0.90
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GC11-268 223.5 226.6 3.2 3.60
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GC11-269 183.6 189.6 6.0 1.32
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GC11-269 244.6 284.0 39.4 1.04
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including 244.6 264.0 19.4 1.72
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GC11-270 208.1 239.0 30.9 1.34
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including 214.2 220.9 6.7 3.53
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GC11-271 54.9 153.2 98.3 1.83
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including 56.4 73.2 16.8 2.54
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and 85.2 107.2 22.0 4.09
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GC11-272 91.4 99.4 8.0 0.42
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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
The diamond drill holes were drilled by skid mounted drills utilizing HQ core sizes (6.35 cm). Core was cut or split in half; one half was sent to the lab for analysis and the other was retained on site.
The core samples were sent to ALS Minerals' ISO 9001 certified preparation facility in Whitehorse, after which the pulps were analyzed at ALS's ISO 9001 certified laboratory in Vancouver. Approximately 5% of the pulps were sent for secondary check assays at Stewart Group's Eco Tech laboratory in Kamloops, B.C. Blanks, commercial standards, and duplicate samples were included in each batch. To determine Au levels at the ppb level detection limit of 5-10,000 ppb (5-1000 ppb at Stewart Group), 30 g samples were fire assayed, then digested in aqua regia solution and analyzed by atomic absorption. At Eco Tech, values over 1,000 ppb were re-assayed by fire assay, digested in aqua regia, and then re-analyzed by an atomic absorption instrument (detection limit 0.03 g/t). At ALS Minerals, values over 10 g/t gold were re-assayed by fire assay followed by a gravimetric finish (with a 50 ppb lower detection limit). Additional check-analyses were carried out by the lab, which did not receive the original sample.
Other elements, including silver (Ag), were analyzed by a 35 elements package (ME-ICP41) whereby the sample is dissolved in an aqua regia acid solution and then analyzed by ICP-AES (Inductively Coupled Plasma - Atomic Emission Spectrometry). Ag values over 100 g/t were re-assayed by method Ag-OG46, which involves digestion in hydrobromic, nitric, and hydrochloric acids followed by analysis by ICP-AES. Ag values over 1500 g/t were re-assayed by method Ag-GRA21 which is a 30 g fire assay with gravimetric finish (5 g/t lower detection limit).
Drilling Sampling Protocol / Chain of Custody / Data Verification
Golden Predator employs high-standard protocol with respect to the handling and chain of custody of its samples. All sampling is conducted under the supervision of the Company's project geologist, and the chain of custody from the drill to the sample preparation and logging facility is continually monitored by the project geologist. Samples are shipped to the lab by qualified couriers or Company personnel under locked bags with independent identification lock numbers. Data verification of the analytical results includes a statistical analysis of the duplicates, standards and blanks that must pass certain set parameters for acceptance to insure accurate and verifiable results. All assays are reported as drilled intervals and are not to be interpreted as true widths.
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 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, and extensive exploration landholdings, together comprising over 2,300 km(2). Drilling continues at the Company's flagship Brewery Creek project. Commencing in June, 2011 Golden Predator will resume 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.
Golden Predator Corp.
CONTACT: Golden Predator Corp., Investor Relations, (604) 648-GOLD
(4653), info@goldenpredator.com, http://www.goldenpredator.com/