VANCOUVER, Feb. 22 /CNW/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce that drilling commenced at its Brewery Creek Project on February 18th initiating the aggressive 2011 Yukon exploration program. The Brewery Creek winter drill program, with a minimum of 2,500 m of oriented core, is intended to expand upon the 2010 discovery at the Bohemian zone where the Company encountered multiple ore-grade intercepts including 56.5m of 3.20 g/t Au beginning at a depth of 27 m in core hole BC10-170.(1)
The Company has also contracted Precision Geosurveys Inc. to conduct a helicopter borne high resolution aeromagnetic survey across the Brewery Creek Project commencing in March 2011. This program includes the completion of over 400 line kilometres of geophysical profiling on a 100 m grid, and has been designed to establish and further define drill targets beneath the extensive untested soil geochemical and rock chip anomalies which occur along the eastern extension of the "Reserve Trend" and elsewhere on the property. The grid will also encompass known quartz monzonite intrusive sills identified by previous operators.
Mark J. Abrams, MSc, PGeo
The Company is also pleased to announce the appointment of Mr. Mark Abrams as Vice President, Exploration (USA). Based in Reno, Nevada Mr Abrams is charged with advancing the Company's US exploration projects.
Mr. Abrams has over 30 years of mineral exploration experience including 19 years with Placer Dome where he held various exploration and management roles primarily in Nevada and Alaska. In Nevada Mr. Abrams was instrumental in identifying and expanding ore reserves on a number of projects within the Battle Mountain and Carlin trends. In Alaska, Mr. Abrams spearheaded the initial acquisition and first two years' drilling programs at Donlin Creek and managed exploration programs in the Livengood and Fairbanks districts.
Most recently, Mr. Abrams was responsible for exploration and acquisitions in the United States for Agnico-Eagle (USA) Limited where he led his exploration team to a major gold discovery in Nevada. Mr. Abrams has designed, initiated and conducted advanced project evaluations and exploration programs throughout the Americas in a diverse range of commodities in addition to gold including mercury, uranium, copper and molybdenum. Mr Abrams holds a MSc in Geology from Eastern Washington University.
The technical content of this news release has been reviewed and approved by Corwin (Cor) Coe, A.Sc.T., B.Sc., P.Geo., 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.'s mandate is to be the leading gold property explorer and developer in Yukon, Canada. The Company has a vast Yukon property position with three advanced gold projects, 6 pipeline prospects as well as exploration landholdings comprising over 2000 km(2). The 2011 winter drilling program has commenced at Brewery Creek and is expected to begin soon on the Grew Creek project. In 2011 the Company will continue aggressive drill programs and work towards completing initial 43-101 resources for Grew Creek and Clear Creek and updating the existing 43-101 resource for Brewery Creek.
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.
(1) GPD News Release December 8, 2010
SOURCE Golden Predator Corp.
For further information: Golden Predator Corp., Investor Relations, (604) 648-GOLD (4653)