Golden Predator Intercepts 38.10 m of 1.48 g/t Gold including 19.81 m of 2.28
g/t Gold at Brewery Creek, Yukon
TSX: GPD
VANCOUVER, Sept. 10 /CNW/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce additional results from its ongoing diamond and reverse circulation drilling programs on its Brewery Creek Project. The Brewery Creek Project is one of the seven separate gold projects Golden Predator is drilling in Yukon in 2010 and is located 59 km east-southeast of the Company's Clear Creek Project for which initial drill results were reported earlier this week.
Brewery Creek
To date the Company has drilled 6 diamond drill holes totalling 1,430 m and 17 RC drill holes totalling 2,350 m on its Brewery Creek Property, located 55 km due east of Dawson City, Yukon. Results for an additional 7 of the RC drill holes have now been received and analyzed. The Company's Yukon Project map showing its property holdings, as well as a detailed Brewery Creek plan map and drillhole-results table, is available for viewing on the Company's website http://www.goldenpredator.com/i/pdf/2010-09-10_NR.pdf
Highlights of the drill results are set forth in the table below. Of particular significance are the results from hole BCRC10-2322 which intercepted 1.48 g/t Au over 38.10 m starting at 32.0 m depth including 2.28 g/t Au over 19.81 m starting at 42.67 m depth. Also noteworthy are RC holes BCRC10-2319 and BCRC10-2321 which intercepted 3.97 g/t Au over 9.14 m starting at 53.34 m depth and 4.13 g/t Au over 4.57 m starting at 60.96 m depth, respectively.
The ongoing exploration program at Brewery Creek has been designed to explore the potential for higher-grade feeders lying beneath the historic resource, and to increase the existing resources through near surface drilling. Initial results indicate the presence of gold mineralization down-dip of the known resource near structural intersections and laterally along strike. Drillholes BCRC10-2318 and 2323 tested downdip of known high-grade zones in the Lucky pit that were not mined; holes BCRC10-2319, 2321, and 2322 offset previously drilled high-grade intercepts in the unmined Bohemian resource area.
-------------------------------------------------------------------------
Additional 2010 Drill Hole Highlights from the Brewery Creek Project, YT
Select Significant Intercepts(1),(2)
-------------------------------------------------------------------------
Drill Hole From To Interval Au
(m) (m) (m) g/t
-------------------------------------------------------------------------
BCRC10-2318 73.15 83.82 10.67 1.23
-------------------------------------------------------------------------
including 80.77 82.3 1.53 5.19
-------------------------------------------------------------------------
BCRC10-2319 53.34 62.48 9.14 3.97
-------------------------------------------------------------------------
BCRC10-2321 60.96 67.06 6.1 4.13
-------------------------------------------------------------------------
BCRC10-2322 32 70.1 38.1 1.48
-------------------------------------------------------------------------
including 42.67 62.48 19.81 2.28
-------------------------------------------------------------------------
and 57.91 62.48 4.57 3.90
-------------------------------------------------------------------------
BCRC10-2323 21.34 45.72 24.38 0.9
-------------------------------------------------------------------------
including 39.62 45.72 6.1 1.83
-------------------------------------------------------------------------
and 39.62 42.67 3.05 3.20
-------------------------------------------------------------------------
(1) Results where g/t x m is less than 2.5 are not reported in this
table, unless the individual grade was greater than or equal to
1 g/t gold over a minimum of 1.0 metres. Other intervals require
greater than or equal to 0.7 g/t Au to be included.
(2) Conversions: grams per tonne (g/t) to troy ounces per short ton:
g/t divided by 34.2857 or multiply by 0.0292; meters to feet:
1m equals 3.28084 feet.
Brewery Creek was the site of a heap-leach gold mine which operated from 1996-2002 and produced 279,541 ounces of gold. Current resources remaining on the Property include an Indicated Resource of 3.98 MM tonnes grading 1.135 gpt Au and an Inferred Resource of 2.2 MM tonnes averaging 2.01 gpt Au (Diment and Simpson, 2009).
The Brewery Creek Project is authorized under a Type A Water License with an expiry date of December 31, 2021, subject to the restrictions and conditions contained in the Yukon Water Act and Regulations. The Project also has a production license with an expiry date of December 31, 2021.
Sampling Methodology, Quality Control and Assurance
The RC drill holes were drilled by track mounted drills that produce a 5" (12.7 cm) diameter drill hole. Samples were collected from 1/8th of the material from a 5 ft (1.5 m) interval utilizing a splitter incorporated on the cyclone.
The RC samples were sent to ALS Chemex's prep lab in Whitehorse and then forwarded to their ISO 9001 certified preparation facility in Terrace, B.C. The pulps were analyzed at ALS's ISO 9001 certified laboratory in Vancouver. Approximately 5% of the pulps are sent for secondary check assays at Stewart Groups Eco Tech laboratory in Kamloops, B.C. Blanks, commercial standards and duplicate samples were included in each batch. To determine Au levels at the ppb level detection limit 5-10,000 ppb (5-1000 ppb at Stewart Group)) 30 g samples are fire assayed then digested in aqua regia solution and analyzed by atomic absorption. At Eco Tech, values over 1,000 ppb are re-assayed by fire assay and then digested with aqua regia and then re-analyzed by an atomic absorption instrument (detection limit 0.03 g/t). At ALS Chemex, values over 10 g/t gold are re-assayed by fire assay followed by a gravimetric finish (50 ppb lower detection limit).
Other elements are analyzed by a 35 elements package (ME-ICP41) whereby the sample is dissolved in a aqua regia acid solution and then analyzed by ICP. Additional check-analyses are carried out by the lab which did not receive the original sample.
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 Corwin (Cor) Coe, A.Sc.T., B.Sc., P.Geo., 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.'s corporate mandate is to be the leading gold property explorer and developer in Yukon, Canada. The Company has an extensive Yukon property position with an industry leading seven advanced exploration gold projects comprising approximately 1,400 km2. Drill programs have been initiated on all seven advanced projects and continue at Clear Creek, Gold Dome, Brewery Creek, Cynthia, and Grew Creek. Additional results from these programs are pending.
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 Corp., Investor Relations, (604) 648-GOLD (4653)
Share this article