Golden Predator expands North Slope Zone at its Brewery Creek Project, Yukon
TSX: GPD
VANCOUVER, Nov. 18, 2011 /CNW/ - Golden Predator Corp.
(the 'Company') is pleased to announce further results of 19 RC drill holes from the North Slope Zone at its flagship Brewery Creek Project. Highlights of the current release include:
-- RC11-2364 with 34.0 m of 1.31 g/t gold from a depth of 106.0 m;
-- RC11-2369 with 8.0 m of 2.09 g/t gold from a depth of 182.0 m;
-- RC11-2371 with 14.0 m of 2.74 g/t gold from a depth of 220.0 m;
and
-- RC11-2385 with 8.0 m of 2.38 g/t gold from a depth of 152.0 m.
A complete table of results and location map can be found on the Company's website at:
http://www.goldenpredator.com/documents/GPD-NR11-44-BC-Nov-18-2011.pdf
Brewery Creek Project Update
The Company completed 35 additional core holes for 5,427 m and 31 additional RC holes for 3,550 m at Brewery Creek in October. To date in 2011, the Company has completed more than 290 drill holes at Brewery Creek, totalling over 45,000 m. Drilling has been concentrated on delineating the two 2011 discoveries at the Bohemian-Schooner and Sleeman Zones, with significant additional drilling on the North Slope and Classic Zones, as well as the newly identified Ice Fog Zone. Results are still pending for over 100 core and RC holes. Year-round drilling continues at Brewery Creek, with 2 core rigs and one RC rig presently operating on site. Resource modeling in support of an updated resource estimate is well underway.
North Slope Zone Geology
The North Slope area lies approximately 1 km northwest of the Reserve-trend deposits which were historically mined at Brewery Creek. It is parallel and structurally similar to those deposits but occupies a different (lower) part of the stratigraphic section. Gold mineralization at North Slope is hosted in altered quartz monzonite sills and adjacent siltstones.
Sampling Methodology, Quality Control and Assurance
Samples were fire assayed for gold by ALS Chemex and ACME Laboratories in Vancouver. All assays are reported as drilled intervals and are not to be interpreted as true widths. Refer to the Company's news release dated October 27, 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 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 become a mid-tier gold producer. Golden Predator's road-accessible advanced properties including its flagship Brewery Creek Project at 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 one of 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
or
Frank Lagiglia, Director of Communications
(604) 648-GOLD (4653)
info@goldenpredator.com
www.goldenpredator.com