VANCOUVER, June 6, 2012 /CNW/ - Golden Predator Corp. (TSX:GPD) (the "Company") is pleased to announce results from 13 diamond drill holes completed at the West Big Rock Zone on its flagship Brewery Creek Project. The current drill results extend mineralization to the southwest along strike as well as to the southeast down dip. Following on the positive results obtained to date, the Company plans to continue step-out drilling at West Big Rock to expand oxide mineralization along strike and at depth. The 2012 drilling program continues to validate the potential for significant resource expansion at Brewery Creek, where most mineralized zones remain open in one or more directions and at depth.
Highlights of the current release include:
- BC12-401 with 15.0 m of 1.61 g/t gold from a depth of 77.0 m, including 4.3 m of 4.27 g/t gold;
- BC12-411 with 19.0 m of 2.14 g/t gold from a depth of 92.5 m, including 7.0 m of 5.14 g/t gold;
- BC12-406 with 22.0 m of 1.44 g/t gold from a depth of 73.0 m;
- BC12-413 with 27.8 m of 0.98 g/t gold from a depth of 79.5 m, including 5.3 m of 2.77 g/t gold;
- BC12-415 with 17.4 m of 1.30 g/t gold from a depth of 77.7 m, including 4.0 m of 3.98 g/t gold; and
- BC12-410 with 15.0 m of 1.93 g/t gold from a depth of 91.6 m, including 4.5 m of 5.17 g/t gold
A complete table of results and location maps can be found on the Company's website at:
West Big Rock Zone, Brewery Creek
The West Big Rock resource area is the farthest west known gold resource at the Brewery Creek Project. Gold mineralization occurs primarily in clay altered quartz monzonite sills and to a lesser extent in siliclastic sedimentary rocks. The primary mineralized zone outcrops, with a strike of N70 o E and dip of 40o to the southeast.
These 13 holes were designed to test the downdip extension of mineralization at the West Big Rock Zone. Drill holes BC12-410 and BC12-411 tested the extreme southwest section of the mineralized zone and intersected increased grades at an approximate depth of 91 m, suggesting possible higher grade extensions at depth and along strike to the southwest. To date, all 29 step-out holes drilled in 2012 at West Big Rock, which were designed to intersect the mineralized horizon at approximate 25 m intervals, have intersected ore-grade mineralization. Drilling will continue to delineate the extent of oxide mineralization in the West Big Rock Zone.
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 March 24, 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 Chief Operating Officer and a Qualified Person as defined by National Instrument 43‐101.
About Golden Predator Corp.
Golden Predator Corp., Yukon's Gold Company, is mandated to become a mid-tier gold producer. Golden Predator's road-accessible advanced properties include its flagship Brewery Creek Project as well as its Grew Creek and Clear Creek Projects. Golden Predator is committed to moving aggressively to a near term production decision while expanding the existing NI 43-101-compliant resource at Brewery Creek.
Golden Predator has one of the largest controlled land positions in the Yukon, with exploration holdings in excess of 1.0 million acres, and is committed to strong relationships with First Nations and communities. Golden Predator's highly skilled management and technical teams continue to lead aggressive exploration programs in the underexplored regions of the Yukon, focused on advancing new discoveries and leaving a positive legacy.
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.
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