VANCOUVER, Nov. 18, 2011 /CNW/ - Golden Predator Corp. (TSX:GPD) (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:
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
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 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)