Golden Predator Investigates Gold Recovery from Existing Heap Leach Pad at Brewery Creek Project, Yukon
VANCOUVER, July 18, 2011 /PRNewswire/ -- Golden Predator Corp. (TSX:GPD) (the 'Company') is pleased to announce the commencement of sonic drilling into the existing heap leach pad at its Brewery Creek Project. This drill program is in addition to the Company's aggressive ongoing exploration program at Brewery Creek, which is delineating the recently discovered Bohemian-Schooner Zone as well as exploring other high priority targets across the expansive Brewery Creek Project area.
Brewery Creek was the site of a heap-leach gold mine that operated from 1996 2002 and produced 279,541 ounces of gold. Recovery rates were approximately 65%, leaving a significant amount of gold in the reclaimed heap leach pad. The Company has begun testing the viability of recovery of the contained gold in the heap, including sonic drill testing of the pad, as well as metallurgical and economic studies of the viability of recovering additional gold from the existing leach pads.
The Brewery Creek Project is located 55 km due east of Dawson City, Yukon and comprises 997 quartz claims over 187 km2. Current resources remaining on the property (which excludes any remaining gold in the heap) 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.
Sonic Drill Program A Boart-Longyear Mini Sonic drill will be used to drill over 200 m in 10 holes on the existing heap leach pad at Brewery Creek. The sonic drill will obtain a four inch diameter undisturbed core of the stacked heap material for metallurgical testing over the next few months. The sonic drill is mounted on a low pressure track conveyance system and is supported by similar equipment which requires no site preparation or surface disturbance.
The technical content of this news release has been reviewed and approved by Michael Maslowski, BSc, PGeo, the Company's Vice President, Exploration (Canada) 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.
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