VANCOUVER, Feb. 24 /CNW/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce that it has commenced its second winter drill program of 2011 on the Carlos discovery zone at its Grew Creek Project. The minimum 3,000 m oriented core drill program is intended to expand upon the Company's 2010 discovery at the Carlos zone where the Company encountered significant mineralization in all three late-season holes, including 146.3 m of 1.72 g/t Au beginning at a depth of 40.0 m in core hole GC10-001.(1) This initial 2011 program consists of in-fill drilling to provide data for a planned 43-101 compliant resource estimate, anticipated to be completed later this year, and to test strike and dip extensions of mineralization.
The Carlos Zone at Grew Creek is an epithermal gold discovery within the Tintina Gold Belt that bears similarities to significant Nevada deposits including Sleeper and Midas. The Company's 2010 drill program defined important structural controls and orientations of high-grade veining. The initial 2011 drill program is intended to further define these controls and the distribution of higher-grade mineralization. The Carlos zone is located 900m off the Campbell Highway, 25 km from the community of Faro with power lines traversing the project area.
The technical content of this news release has been reviewed and approved by Bruce R. Otto, M.Sc., C.P.G., P.Geo., the Company's Senior Structural Geologist 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 the Brewery Creek and Grew Creek projects. In 2011 the Company will continue aggressive drill programs and work towards completing initial resource estimates for Grew Creek and Clear Creek and updating the existing resource estimate for Brewery Creek, in addition to conducting initial drilling at the recently acquired Harlan project.
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 October 25, 2010.
SOURCE Golden Predator Corp.
For further information: Golden Predator Corp., Investor Relations, (604) 648-GOLD (4653)