Golden Predator Intersects 52.95m of 2.26 g/t Gold at Bear Paw Zone, Clear Creek Project, Yukon
TSX:GPD
www.goldenpredator.com
VANCOUVER, Sept. 28, 2011 /PRNewswire/ - Golden Predator Corp.
(the 'Company') is pleased to announce results for the first 11 diamond drill holes from its 2011 drilling campaign at its Clear Creek Project. All 11 holes encountered gold mineralization. Of particular interest are the following:
-- 25.5 m of 2.19 g/t gold from a depth of 15.0 m from Hole
CC11-043; and
-- 46.5 m of 1.69 g/t gold from a depth of 19.5 m from Hole
CC11-049; and
-- 52.95 m of 2.26 g/t gold from a depth of 3.05 m from Hole
CC11-051.
'The impressive drill results at Clear Creek illustrate the project's considerable potential, with significant mineralization from multiple zones. These results, confirm the Company's interpretation of a deposit with good continuity of grade occurring at shallow depths from surface at Bear Paw,' said William M. Sheriff, Chairman & CEO. 'We look forward with great anticipation to receipt of the results from the final seven holes from the 2011 drilling at Bear Paw, as we continue to build towards a resource estimate on this advanced, road accessible project.'
A complete table of results, location map and geological information can be found on the Company's website at:
http://www.goldenpredator.com/documents/GPD-NR11-37-Clear-Creek-Results-Sept-28-2011-FINAL.pdf
Clear Creek
The Clear Creek project is located 65 km northwest of Mayo, Yukon, comprises approximately 60 km(2) and contains five identified target areas: the Bear Paw, Contact, Saddle, Josephine, and Juno Zones. The Contact Zone is 5.0 km northeast from the Bear Paw Zone (see map). The Clear Creek property is in an active placer mining area that has produced more than 129,000 oz Au (Allen et all, 1999).
The full 2011 diamond drill program consisted of 18 core holes; with 4 having been drilled at the Contact Zone and 14 at the Bear Paw Zone. The Company has also begun compiling and modeling the drill data from previous operators, the Company's 2010 drill program and the 2011 drill results at the Bear Paw Zone, all in anticipation of the preparation of an initial resource estimate on the Bear Paw Zone.
Sampling Methodology, Quality Control and Assurance
The diamond drill holes were drilled by skid mounted drills utilizing HQ3 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. 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).
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 1,500 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 standards of 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 Michael Maslowski, BSc, CPG, 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., Yukon's Gold Company, is a well-funded exploration company mandated to create a mid-tier gold producer. Golden Predator's road-accessible advanced properties include its flagship Brewery Creek Project on which the Company is moving aggressively to a near term production decision, as well as its Grew Creek and Clear Creek Projects.
Golden Predator has the largest controlled land position in the Yukon, with exploration holdings in excess of 1,400,000 acres (over 5,700 km(2)), and is committed to strong relationships with Yukon First Nations and communities. Golden Predator's management and technical teams continue to lead aggressive exploration programs in the underexplored regions of the Yukon, and are driven to bring value to shareholders and leave a positive legacy in the Yukon.
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.
William M. Sheriff, Chairman & Chief Executive Officer
(604) 648-GOLD (4653)
info@goldenpredator.com
www.goldenpredator.com