Golden Predator intercepts 31.55 gpt gold along with 76.5 gpt silver across
4.72 meters at Adelaide Project, NV; Appoints Travis Schwertfeger VP
Exploration (US)
TSX: GPD
"We are highly encouraged by these latest results which infill an important gap in our more than 1,000 feet of strike length in the main
Drilling Results
The results continue to demonstrate continuity of high gold grades in the bonanza vein style system, while expanding the tonnage potential for the zone. Specifically hole GPA-042 and GPA-035 infill an important 300 foot gap in drilling in the middle segment of the vein zone. The program included 10 RC holes into the
------------------------------------------------------------------------- Adelaide Project, Margarite Vein Structural Zone Significant Intercepts (greater than) 1.0 gpt (0.03 opt) Au ------------------------------------------------------------------------- Drilled True True Drill Thick- Thick- Thick- Hole From To ness ness Gold Silver ness Gold Silver No. (ft) (ft) (ft) (m) (gpt) (gpt) (ft) (opt) (opt) ------------------------------------------------------------------------- GPA-042 355 380 25 5.91 2.75 54.6 19.4 0.080 1.59 ------------------------------------------------------------------------- 395 425 30 7.09 21.67 54.0 23.3 0.632 3.06 ------------------------------------------------------------------------- including 395 415 20 4.72 31.55 76.5 15.5 0.920 2.23 ------------------------------------------------------------------------- 465 470 5 1.18 5.01 20 3.9 0.146 0.58 ------------------------------------------------------------------------- ------------------------------------------------------------------------- GPA-045 140 145 5 4.29 30.0 0.125 0.88 ------------------------------------------------------------------------- 160 165 5 1.75 29.0 0.051 0.85 ------------------------------------------------------------------------- GPA-046 725 730 5 1.68 5.0 0.049 0.15 -------------------------------------------------------------------------
Drill holes GPA-034 through GPA-042 and GPA-046 tested the
Drill holes GPA-043 to GPA-045 were drilled on the newly targeted Sage vein zone located approximately 450 m (1,500 ft) to the northwest of the Margarite area. The Sage vein is located in historic trenching, and intersected by a single historic drill hole GT 3-1 drilled by Grand Teton in 1988, containing 3 m of 4.13 gpt (10 ft of 0.120 opt) gold, including 1.5 m of 7.0 gpt (5 ft of 0.204 opt). The 3 hole program was designed to identify strike direction and potential continuity of the GT 3-1 intercepts. Hole GPA-045 is very encouraging, confirming a favourable strike orientation for the mineralized zone in a 122 m (400 ft) offset to the south of GT 3-1. No true thickness of the Sage vein intercepts have been estimated due to the limited understanding of this new zone.
The Company holds an option to acquire up to 100% of Atna Resources Ltd.'s interest in the
Appointment
The Company is pleased to announce the appointment of
Laboratory Analysis and QA/QC
ALS CHEMEX of Elko, NV received all samples for primary lab analyses. Samples received in the lab were first logged-in and assigned a barcode. The samples were then fine crushed to 70% less than 2 mm then split with a riffle splitter with one split pulverized to 85% less than 75 microns. Gold was analyzed by fire assay and AAS using a nominal 30 gm sample weight. Assay results for gold and silver are reported by the lab in ppm units. In public disclosure, ounce per empirical ton (opt) and gram per metric tonne (gpt) is used, where 34.2857 ppm is equivalent to 1 opt and 1 ppm is equivalent to 1 gpt. For samples exceeding 10 ppm, values were analyzed by fire assay with a gravimetric finish. Silver was analyzed by aqua regia digestion and ICP-AES or AAS. Levels of detection for gold and silver are, 0.005 and 1 ppm, respectively. QA/QC procedures for the drilling include a QA/QC sample added the lab submittal for every eighteen samples submitted, and are a combination of blank samples, field duplicates and standard reference material.
Results of historic drilling have been verified by the qualified person. All assay numbers are reported as un-cut and all intercepts are reported as drill thickness not true thickness unless otherwise indicated.
About Golden Predator Royalty & Development Corp.
Golden Predator's corporate mandate is to establish a self-funded gold company focused on the Yukon,
The Company is focused on exploring for and developing world class gold deposits in the Yukon's Tintina Gold Belt, where the Company is aggressively exploring its Gold (Scheelite) Dome, Antimony Mountain, Clear Creek and the Brewery Creek projects.
The Company is also drilling a number of its Nevada and California properties with bonanza-style gold targets, including
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.
For further information: Golden Predator Royalty & Development Corp., Investor Relations, (604) 648-GOLD (4653)
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