Silver Predator Clarifies Technical Disclosure on Taylor Property
11.04.2011 | CNW
VANCOUVER, April 11 /CNW/ - Silver Predator Corp. (TSX: SPD) (the "Company") announces that as a result of a review by the British Columbia Securities Commission, it is issuing this news release to clarify disclosure with respect to the Company's news releases dated March 14, 2011 and April 5, 2011, in which the Company disclosed a combined measured and indicated resource estimate of its Taylor Property, located in White Pine County, Nevada. The measured and indicated silver resource is required to be stated separately to be compliant with National Instrument ("NI") 43-101 as per section 2.2(b) and section 3.4(b). Therefore, the Company is restating the silver resource at its Taylor Property in the following table:
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Taylor Mineral Resource ( using a cutoff grade of 1.2 oz/ton silver
(41.1 g/t silver); "Taylor Silver Project, White Pine County,
Nevada USA Technical Report" (Hester; December 14, 2010 )
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Contained
Resource Silver Silver
Resource Class ----------------------------------------------
Contained
tons tonnes (3) ounces (2)
(1000) (1000) oz/ton g/t (1) (1000)
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Measured Mineral Resource 1,238 1,123 2.5 85.71 3,095
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Indicated Mineral Resource 5,195 4,712 2.27 77.83 11,793
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Measured and Indicated 6,433 5,835 2.31 79.20 14,888
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Inferred Mineral Resource 757 687 2.54 87.09 1,923
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(1) conversion multiplication factor of 34.2857 to convert oz/t to g/t
(2) rounded off to the nearest 1000 ounces
(3) conversion multiplication factor of 0.9071 to convert tons to tonnes
The technical content contained in this news release has been reviewed and approved by Corwin (Cor) Coe, A.Sc.T., B.Sc., P.Geo., the Company's President and Chief Executive Officer and a Qualified Person as defined by NI 43-101.
About Silver Predator Corp.
Silver Predator Corp.'s corporate mandate is to explore and develop commercially viable silver resources in the leading silver districts of Yukon, Canada and Nevada, USA. Working within stable geopolitical jurisdictions, Silver Predator is focused on silver-dominant bulk tonnage and/or high grade opportunities. Proven management plus access to unparalleled geological talent in the Yukon and extensive experience in Nevada provide the ability to maximize shareholder value from the quality asset base. For more information on Silver Predator Corp. please visit our website at www.silverpredator.com.
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 Silver 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, Silver Predator assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
For further information: Silver Predator Corp., Investor Relations: (604) 648-4653, info@silverpredator.com