Golden Predator drills 73 m of 3.09 g/t Au at Brewery
2011-06-30 09:35 ET - News Release
Shares issued 114,728,664
GPD Close 2011-06-29 C$ 0.96
Mr. Bruce Otto reports
GOLDEN PREDATOR CONTINUES TO EXPAND BREWERY CREEK'S BOHEMIAN-SCHOONER ZONE
Golden Predator Corp. has released additional assay results from its continuing diamond drilling campaign at its flagship Brewery Creek project. Significant results include 73 metres of 3.09 grams per tonne gold in hole BC11-200, including 30.0 m of 6.48 g/t gold beginning at a depth of seven m and 28.85 m of 4.60 g/t gold starting at a depth of 8.85 m in hole BC11-203. All of the holes reported herein are from the Schooner zone. The Bohemian and Schooner zones together comprise over 900 metres in length and are open along strike. Importantly, hole BC11-210, the easternmost hole of the program to date, intersected 29.2 m of 1.71 g/t gold starting at a depth of 3.8 m. All 11 holes reported are from the Schooner zone, with nine of these holes intersecting significant mineralization.
Ongoing Brewery Creek Drill Program
The 2011 drill program at Brewery Creek has been designed to expand the recently discovered Bohemian and Schooner Zones and evaluate numerous coincident geophysical and geochemical anomalies. The close spacing of several of the holes in the higher grade area at the Schooner Zone provides accurate hole-to-hole correlations of structural and lithologic features, which the Company interprets as establishing that the Schooner Zone lies along the same major structure as the Bohemian Zone. Ongoing drilling continues to test strike and dip continuity of mineralization along this major structure as well as adjacent areas and explore for potential subsidiary structures. In addition, drilling has commenced on several other target areas elsewhere on the expansive Brewery Creek Project.
The Brewery Creek Project is located 55 km due east of Dawson City, Yukon and comprises 997 quartz claims over 187 km2. Brewery Creek was the site of a heap-leach gold mine that 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 g/t gold and an Inferred Resource of 2.2 MM tonnes averaging 2.01 g/t gold (Diment and Simpson, 2009). The Brewery Creek Project is authorized under a Type A Water License and a production license with expiry dates of December 31, 2021.
The complete results of the Brewery Creek 2011 drill programs, with accompanying maps, are available at: goldenpredator.com
Additional 2011 Diamond Drill Holes at Brewery Creek, YT Significant Intercepts (1),(2)
Drill Hole From (m) To (m) Interval (m) Gold(g/t)
BC11-200 7.00 80.00 73.00 3.09
including 7.00 37.00 30.00 6.48
BC11-201 7.05 35.80 28.75 2.17
including 7.05 19.50 12.45 3.64
BC11-202 8.00 35.00 27.00 2.80
including 15.00 23.00 8.00 5.69
BC11-203 8.85 37.70 28.85 4.60
BC11-204 9.00 16.50 7.50 0.86
and 25.50 47.00 21.50 5.06
BC11-205 16.00 49.00 33.00 1.86
Including 26.00 39.50 13.50 3.74
BC11-206 21.00 47.00 26.00 1.19
BC11-207 71.50 77.00 5.50 1.67
BC11-208 No significant results
BC11-209 No significant results
BC11-210 3.80 33.00 29.20 1.71
Including 17.00 31.00 14.00 3.12
(1) Results where g/t x m is less than 2.5 are not reported in this table, unless the individual grade was = 1 g/t gold over a minimum of 2.0 metres. Other intervals require =0.5 g/t gold to be included.
(2) grams per tonne (g/t) to troy ounces per short ton: g/t divided by 34.2857 or multiply by .0292 metres to feet: 1 m equals 3.28084 ft. 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 Bruce R. Otto, MSc, PGeo, CPG, the Company's Senior Structural Geologist and a Qualified Person as defined by National Instrument 43-101. |
