Golden Predator Intersects Significant Mineralization in 16 out of 16 Holes at West Big Rock Zone, Brewery Creek Project
TSX: GPD
VANCOUVER, May 8, 2012 /CNW/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce the results from 16 diamond drill holes completed in early 2012 on the West Big Rock Zone its flagship Brewery Creek Project. The current drill results extend the mineralization at least 40 meters to the southeast down dip along a strike length of approximately 225 meters. The mineralization encountered to date remains open.
Highlights of the current release include:
- BC12-396 with 17.1 m of 1.12 g/t gold from a depth of 70 m.
- BC12-398 with 20.1 m of 1.10 g/t gold from a depth of 69 m including 2.1 m of 3.46 g/t gold;
- BC12-402 with 22.0 m of 0.92 g/t gold from a depth of 74.0 m including 1.6 m of 4.38 g/t gold;
- BC12-403 with 20.8 m of 1.46 g/t gold from a depth of 76.0 m; and
- BC12-404 with 12.4 m of 1.36 g/t gold from a depth of 75 m;
A complete table of results and location maps can be found on the Company's website at:
http://www.goldenpredator.com/documents/GPD-NR12-17-Brewery-Creek-2012-West-Big-Rock-Results-FINAL.pdf
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 16 holes were designed to test the southeasterly extension of mineralization in the western section of the West Big Rock Zone. Drill holes BC12-396, BC12-398 and BC12-402 through BC12-404 encountered more significant gold mineralization, suggesting increased grade and consistency along strike to the west starting at an approximate depth of 70 m. All 16 step-out holes, designed to intersect the mineralized horizon at approximate 25 meter intervals, intersected ore-grade mineralization. Drilling will continue to delineate the extent of oxide mineralization in the West Big Rock Zone.
Condemnation Drilling Begun
A recent review of historic soil sampling data revealed a gold in soil anomaly located close to the current camp and office site. An initial four hole drill program was carried out in around the existing camp to test the soil anomaly and two holes intersected ore grade mineralization on the east end of the camp area. Holes BC12-384 and BC12-385 intersected near surface ore-grade mineralization at shallow depths including hole BC12-384 which intersected 12.4 m of 1.66 g/t gold at a depth of 12.2 meters. Additional drilling is planned to follow up on this newly encountered mineralization.
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 position 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.
SOURCE Golden Predator Corp.