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Message: Golden Predator Intercepts 23.30 m of 5.67 g/t Gold at Brewery Creek
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NEWS RELEASE |
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Golden Predator Intercepts 23.30 m of 5.67 g/t Gold at Brewery Creek
Vancouver, British Columbia — October 17th, 2011: Golden Predator Corp. (TSX:GPD) (the “Company”) is pleased to release positive results from an additional twelve diamond drill holes and provide an update on the ongoing activities at its flagship Brewery Creek Project. The Company‘s Bohemian-Schooner Zone infill drilling program continues to demonstrate consistent grade and width. Highlights of the current release include:
In addition to the previously discovered style of mineralization, encountered in all 12 holes, holes BC11-273 and BC11-274 intersected mineralization uncharacteristically high in silver and copper with values up to 948 g/t silver and 0.3% copper, over multiple 2 m intervals.
Brewery Creek Project Update Through the end of September, the Company has completed 153 core holes and 75 reverse circulation holes for a combined total of 36,097 m. Drilling has concentrated on delineating the two 2011 discoveries at the Bohemian-Schooner and Sleeman Zones, although significant drilling has been directed toward the North Slope and Classic Zones as well. Results are still pending for more than 60 core holes and all 75 RC holes. Drilling continues with 4 core rigs and one reverse circulation rig presently operating on site.
The Company has also completed an extensive road and pad building program to provide improved winter access for the Company’s year round drill programs. In addition, the Company has expanded the Project’s existing facilities with the installation of a 30 man permanent all weather camp, as well as making significant improvements to the existing multipurpose building at site.
The Company has also completed a 5,500 sample soil survey over the south central area of the Project, between the Classic and Sleeman Zones. Results from this survey are pending.
Bohemian-Schooner Zone Geology The Bohemian-Schooner Zone is a strongly mineralized, steeply dipping structural corridor that strikes east-northeast. The corridor intersects a lower-angle tabular mineralized zone in strongly altered quartz monzonite sills. The Zone lies approximately 500 m east of the Lucky deposit, the nearest past producing area, and is at over 1 km in length and is open along strike to the east and at depth.
    Sampling Methodology, Quality Control and Assurance Samples were fire assayed by ALS Chemex in Vancouver. 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 Vice President, Exploration (Canada) and a Qualified Person as defined by National Instrument 43-101.
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.
For additional information: Golden Predator Corp. William M. Sheriff, Chairman & Chief Executive Officer or Frank Lagiglia, Director of Communications (604) 648-GOLD (4653) info@goldenpredator.com www.goldenpredator.com
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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