Golden Predator Continues to Expand Brewery Creek's Bohemian-Schooner Zone
VANCOUVER, June 30, 2011 /PRNewswire/ -- Golden Predator Corp. (TSX:GPD) (the 'Company') is pleased to announce additional assay results from its ongoing diamond drilling campaign at its flagship Brewery Creek Project. Significant results include 73 m of 3.09 g/t gold in hole BC11-200, including 30.0 m of 6.48 g/t gold beginning at a depth of 7 m and 28.85 m of 4.60 g/t gold starting at a depth of 8.85 m in hole BC11-203. All of the holes reported herein are from the Schooner Zone. The Bohemian and Schooner Zones together comprise over 900 metres in length and are open along strike. Importantly, hole BC11-210, the easternmost hole of the program to date, intersected 29.2 m of 1.71 g/t gold starting at a depth of 3.8 m. All eleven holes reported are from the Schooner Zone, with nine of these holes intersecting significant mineralization.
Ongoing Brewery Creek Drill Program The 2011 drill program at Brewery Creek has been designed to expand the recently discovered Bohemian and Schooner Zones and evaluate numerous coincident geophysical and geochemical anomalies. The close spacing of several of the holes in the higher grade area at the Schooner Zone provides accurate hole-to-hole correlations of structural and lithologic features, which the Company interprets as establishing that the Schooner Zone lies along the same major structure as the Bohemian Zone. Ongoing drilling continues to test strike and dip continuity of mineralization along this major structure as well as adjacent areas and explore for potential subsidiary structures. In addition, drilling has commenced on several other target areas elsewhere on the expansive Brewery Creek Project.
The Brewery Creek Project is located 55 km due east of Dawson City, Yukon and comprises 997 quartz claims over 187 km2. Brewery Creek was the site of a heap-leach gold mine that 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 2011 drill programs, with accompanying maps, are available at: http://www.goldenpredator.com/documents/GPDNR11-24-BC-results.pdf
_______________________________________________________
|Additional 2011 DiamondDrill Holes at Brewery Creek, YT|
| Significant Intercepts(1),(2) |
|_______________________________________________________|
|Drill Hole|From | To |Interval| Gold |
| | (m) | (m) | (m) | (g/t) |
|__________|_____|_____|________|_______________________|
| BC11-200 |7.00 |80.00| 73.00 | 3.09 |
|__________|_____|_____|________|_______________________|
|including |7.00 |37.00| 30.00 | 6.48 |
|__________|_____|_____|________|_______________________|
| | | | | |
|__________|_____|_____|________|_______________________|
| BC11-201 |7.05 |35.80| 28.75 | 2.17 |
|__________|_____|_____|________|_______________________|
|including |7.05 |19.50| 12.45 | 3.64 |
|__________|_____|_____|________|_______________________|
| | | | | |
|__________|_____|_____|________|_______________________|
| BC11-202 |8.00 |35.00| 27.00 | 2.80 |
|__________|_____|_____|________|_______________________|
|including |15.00|23.00| 8.00 | 5.69 |
|__________|_____|_____|________|_______________________|
| | | | | |
|__________|_____|_____|________|_______________________|
| BC11-203 |8.85 |37.70| 28.85 | 4.60 |
|__________|_____|_____|________|_______________________|
| | | | | |
|__________|_____|_____|________|_______________________|
| BC11-204 |9.00 |16.50| 7.50 | 0.86 |
|__________|_____|_____|________|_______________________|
| and |25.50|47.00| 21.50 | 5.06 |
|__________|_____|_____|________|_______________________|
| | | | | |
|__________|_____|_____|________|_______________________|
| BC11-205 |16.00|49.00| 33.00 | 1.86 |
|__________|_____|_____|________|_______________________|
|Including |26.00|39.50| 13.50 | 3.74 |
|__________|_____|_____|________|_______________________|
| | | | | |
|__________|_____|_____|________|_______________________|
| BC11-206 |21.00|47.00| 26.00 | 1.19 |
|__________|_____|_____|________|_______________________|
| | | | | |
|__________|_____|_____|________|_______________________|
| BC11-207 |71.50|77.00| 5.50 | 1.67 |
|__________|_____|_____|________|_______________________|
| | | | | |
|__________|_____|_____|________|_______________________|
| BC11-208 |No significant results |
|__________|____________________________________________|
| | | | | |
|__________|_____|_____|________|_______________________|
| BC11-209 |No significant results |
|__________|____________________________________________|
| | | | | |
|__________|_____|_____|________|_______________________|
| BC11-210 |3.80 |33.00| 29.20 | 1.71 |
|__________|_____|_____|________|_______________________|
|Including |17.00|31.00| 14.00 | 3.12 |
|__________|_____|_____|________|_______________________|
(1) Results where g/t x m is less than 2.5 are not reported in this table, unless the individual grade was >= 1 g/t gold over a minimum of 2.0 metres. Other intervals require >=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 metres 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 comprising over 2,300 km2. Drilling continues at the Company's flagship Brewery Creek project and at Grew Creek, and has begun at Clear Creek. In 2011 Golden Predator will 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.
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(604) 648-GOLD (4653)
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