VANCOUVER, Sept. 28, 2011 /CNW/ - Golden Predator Corp. (TSX:GPD) (the "Company") is pleased to announce results for the first
11 diamond drill holes from its 2011 drilling campaign at its Clear
Creek Project. All 11 holes encountered gold mineralization. Of
particular interest are the following:
25.5 m of 2.19 g/t gold from a depth of 15.0 m from Hole CC11-043; and
46.5 m of 1.69 g/t gold from a depth of 19.5 m from Hole CC11-049; and
52.95 m of 2.26 g/t gold from a depth of 3.05 m from Hole CC11-051.
"The impressive drill results at Clear Creek illustrate the project's
considerable potential, with significant mineralization from multiple
zones. These results, confirm the Company's interpretation of a
deposit with good continuity of grade occurring at shallow depths from
surface at Bear Paw," said William M. Sheriff, Chairman & CEO. "We
look forward with great anticipation to receipt of the results from the
final seven holes from the 2011 drilling at Bear Paw, as we continue to
build towards a resource estimate on this advanced, road accessible
A complete table of results, location map and geological information can
be found on the Company's website at:
The Clear Creek project is located 65 km northwest of Mayo, Yukon,
comprises approximately 60 km2 and contains five identified target areas: the Bear Paw, Contact,
Saddle, Josephine, and Juno Zones. The Contact Zone is 5.0 km northeast
from the Bear Paw Zone (see map). The Clear Creek property is in an
active placer mining area that has produced more than 129,000 oz Au
(Allen et all, 1999).
The full 2011 diamond drill program consisted of 18 core holes; with 4
having been drilled at the Contact Zone and 14 at the Bear Paw Zone.
The Company has also begun compiling and modeling the drill data from
previous operators, the Company's 2010 drill program and the 2011 drill
results at the Bear Paw Zone, all in anticipation of the preparation of
an initial resource estimate on the Bear Paw Zone.
Sampling Methodology, Quality Control and Assurance
The diamond drill holes were drilled by skid mounted drills utilizing
HQ3 core sizes (6.35 cm). Core was cut or split in half; one half was
sent to the lab for analysis and the other was retained on site.
The core samples were sent to ALS Minerals' ISO 9001 certified
preparation facility in Whitehorse, after which the pulps were analyzed
at ALS's ISO 9001 certified laboratory in Vancouver. At ALS Minerals,
values over 10 g/t gold were re-assayed by fire assay followed by a
gravimetric finish (with a 50 ppb lower detection limit).
Other elements, including silver (Ag), were analyzed by a 35 elements
package (ME-ICP41) whereby the sample is dissolved in an aqua regia
acid solution and then analyzed by ICP-AES (Inductively Coupled Plasma
- Atomic Emission Spectrometry). Ag values over 100 g/t were
re-assayed by method Ag-OG46, which involves digestion in hydrobromic,
nitric, and hydrochloric acids followed by analysis by ICP-AES. Ag
values over 1,500 g/t were re-assayed by method Ag-GRA21 which is a 30
g fire assay with gravimetric finish (5 g/t lower detection limit).
Drilling Sampling Protocol / Chain of Custody / Data Verification
Golden Predator employs high standards of protocol with respect to the
handling and chain of custody of its samples. All sampling is
conducted under the supervision of the Company's project geologist, and
the chain of custody from the drill to the sample preparation and
logging facility is continually monitored by the project geologist.
Samples are shipped to the lab by qualified couriers or Company
personnel under locked bags with independent identification lock
numbers. Data verification of the analytical results includes a
statistical analysis of the duplicates, standards and blanks that must
pass certain set parameters for acceptance to insure accurate and
verifiable results. All assays are reported as drilled intervals and
are not to be interpreted as true widths.
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
(604) 648-GOLD (4653)