Golden Predator drills 92.0 m of 2.02 g/t Gold; Commences Resource Calculation at Carlos Zone, Grew Creek Project
VANCOUVER, July 5, 2011 /PRNewswire/ -- Golden Predator Corp. (TSX: GPD) (the 'Company') is pleased to announce results from the final five core holes from its winter 2011 drill program at the Carlos Zone, Grew Creek Project, Yukon. Four of the five holes have intersected significant mineralization including 92.0 m of 2.02 g/t Gold beginning at a depth of 60 m in core hole GC11-281, 104.2 m of 1.68 g/t Gold from a depth of 42.7 m in core hole GC11-283 and 104.0m of 1.33 g/t Gold from a depth of 130.9 m in core hole GC11-279.
The Company has now released all results from its winter 2011 core drilling campaign at Grew Creek, which totalled 4,317 m in 20 holes in the Carlos Zone. These holes complete a drill pattern with an average spacing of 25 m, to support a recently commissioned NI 43-101 compliant resource calculation. Results also support the current interpretation of structural controls on gold mineralization. These data extend known mineralized trends down dip, along both strike directions, and through areas where prior drilling was sparse. The deposit remains open at depth but appears to be cut off along strike. The Company has commenced its next phase of exploration on the Grew Creek Project, will include property-wide geological mapping, geophysical surveys, and reverse-circulation drilling of known altered areas on strike with the Carlos Zone as well as projected structural offsets.
The Grew Creek Project is located 32 km southwest of Faro, Yukon. The property's 72 km2 encompasses 363 quartz claims, extending along both sides of the Robert Campbell Highway for approximately 27 km with power lines traversing the Project area.
_______________________________________________________
|Final Winter 2011 Diamond DrillHoles at Grew Creek, YT|
|Significant Intercepts(1),(2) |
|_______________________________________________________|
|DrillHole|From |To |Interval|Gold |
| |(m) |(m) |(m) |(g/t) |
|_________|______|______|________|______________________|
|GC11-279 |56.39 |72.39 |16.00 |0.59 |
|_________|______|______|________|______________________|
|and |130.87|234.87|104.00 |1.33 |
|_________|______|______|________|______________________|
|including|164.87|182.87|18.00 |3.12 |
|_________|______|______|________|______________________|
| | | | | |
|_________|______|______|________|______________________|
|GC11-280 |No significant results |
|_________|_____________________________________________|
| | | | | |
|_________|______|______|________|______________________|
|GC11-281 |60.05 |152.05|92.00 |2.02 |
|_________|______|______|________|______________________|
|including|90.05 |134.05|44.00 |3.09 |
|_________|______|______|________|______________________|
| | | | | |
|_________|______|______|________|______________________|
|GC11-282 |61.15 |201.16|140.01 |0.93 |
|_________|______|______|________|______________________|
|including|155.15|189.15|34.00 |1.68 |
|_________|______|______|________|______________________|
| | | | | |
|_________|______|______|________|______________________|
|GC11-283 |42.67 |146.83|104.16 |1.68 |
|_________|______|______|________|______________________|
|including|50.67 |63.01 |12.34 |5.25 |
|_________|______|______|________|______________________|
| | | | | |
|_________|______|______|________|______________________|
(1) Results where g/t x m is less than 2.5 are not reported in this table, unless the individual grade was >= 1g/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. Meters to feet: 1 m equals 3.28084 ft.
The complete results of the Grew Creek 2011 winter drill program, with accompanying maps, are available at: http://www.goldenpredator.com/documents/GPDNR11-25-GC-Results.pdf
Sampling Methodology, Quality Control and Assurance
Samples were fire assayed by ALS Chemex in Vancouver. Refer to the Company's news release dated May 26, 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, exploration, geochemical, geophysical and reverse circulation drilling activities are underway at Grew Creek, and diamond drilling 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.
Investor Relations
(604) 648-GOLD (4653)
info@goldenpredator.com
http://www.goldenpredator.com/