VANCOUVER, Nov. 4, 2011 /CNW/ - (TSX:GPD) (the "Company") is pleased to
announce further results of 13 diamond drill holes from its ongoing
infill program at the Bohemian-Schooner Zone from its flagship Brewery
Highlights of the current release include:
BC11-287 with 10.9 m of 4.61 g/t gold from a depth of 42.1 m;
BC11-288 with 24.3 m of 3.88 g/t gold from a depth of 14.2 m;
BC11-292 with 14.1 m of 3.40 g/t gold from a depth of 63.5 m; and
BC11-293 with 22.8 m of 3.78 g/t gold from a depth of 44.0 m.
A complete table of results and location map can be found on the
Company's website at:
Brewery Creek Project Update
To date in 2011, the Company has completed more than 240 drill holes at
Brewery Creek, totalling over 38,000 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 120 core and RC holes. Year-round
drilling continues at Brewery Creek, with 3 core rigs and one RC rig
presently operating on site. Resource modeling in support of an
updated resource estimate is well underway.
Bohemian‐Schooner Zone Geology
The Bohemian‐Schooner Zone is a strongly mineralized, steeply dipping
structural corridor that strikes east‐northeast. The corridor
intersects a lower‐angle tabular mineralized zone in strongly altered
quartz monzonite sills. The Zone sits approximately 500 m east of the
Lucky deposit, the nearest past producing area, and is over 1 km in
length and is open along strike to the east and at depth.
Core holes BC11-282, BC11-283 and BC11-285 failed to reach target depths
having been terminated at depths of 72, 4.5 and 39 m respectively. No
significant mineralization was encountered in these holes or hole
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 March 24, 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
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 the largest controlled land position in the Yukon,
with exploration holdings in excess of 1,400,000 acres (over 5,700 km2), 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.
SOURCE Golden Predator Corp.
For further information:
Golden Predator Corp.
William M. Sheriff, Chairman & Chief Executive Officer
Frank Lagiglia, Director of Communications
(604) 648-GOLD (4653)