VANCOUVER, Nov. 10, 2011 /CNW/ - Golden Predator Corp. (TSX:GPD) (the "Company") is pleased to announce the results of 8 additional
diamond drill holes from the Sleeman Zone at its flagship Brewery Creek
Project, where the Company is continuing to drill with two diamond and
one reverse circulation rigs. Highlights of the current release
BC11-309 with 33.0 m of 0.96 g/t gold from depth of 69.3 m;
BC11-311 with 30.1 m of 2.29 g/t gold from depth of 49.9 m;
BC11-316 with 42.5 m of 0.91 g/t gold from depth of 47.8 m; and
BC11-321 with 34.4 m of 2.92 g/t gold from a depth of 45.8 m.
A complete table of results and location map can be found on the
Company's website at:
Sleeman Zone Geology
Mineralization at the Sleeman Zone is hosted in altered intrusive rocks
occurring as a tabular zone dipping moderately to the south‐southwest.
To date, gold mineralization has been drilled to a vertical depth of
150 m from surface, extends horizontally well over 300 m, and is open
in both directions along strike and down dip. The geochemical signature
of the gold bearing zone at Sleeman is distinctly elevated in lead,
zinc and silver. Infill drilling continues to advance the Sleeman Zone
in anticipation of a year end 43-101 compliant resource estimate.
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
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 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)