Golden Predator intercepts 34.4 m of 2.92 g/t Gold at Sleeman Zone, Brewery Creek Project, Yukon


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 include:

  • 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 Instrument 43‐101.

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)

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Golden Predator Corp.

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