Mr. Bruce Otto reports
GOLDEN PREDATOR DRILLS 92.0 M OF 2.02 G/T GOLD; COMMENCES RESOURCE CALCULATION AT CARLOS ZONE, GREW CREEK PROJECT
Golden Predator Corp. has released results from the
final five core holes from its winter 2011 drill program at the Carlos
zone, Grew Creek project, Yukon. Four of the five holes have
intersected significant mineralization including 92.0 metres of 2.02 grams per tonne gold beginning at a depth of 60 metres in core hole GC11-281, 104.2 m of
1.68 g/t gold from a depth of 42.7 m in core hole GC11-283 and 104.0 m
of 1.33 g/t gold from a depth of 130.9 m in core hole GC11-279.
The company has now released all results from its winter 2011 core
drilling campaign at Grew Creek, which totalled 4,317 m in 20 holes in
the Carlos zone. These holes complete a drill pattern with an average
spacing of 25 m to support a recently commissioned NI 43-101-compliant resource calculation. Results also support the current
interpretation of structural controls on gold mineralization. These
data extend known mineralized trends down dip, along both strike
directions, and through areas where prior drilling was sparse. The
deposit remains open at depth but appears to be cut off along strike.
The company has commenced its next phase of exploration on the Grew
Creek project, which will include property-wide geological mapping,
geophysical surveys and reverse-circulation drilling of known altered
areas on strike with the Carlos zone as well as projected structural
offsets.
The Grew Creek project is located 32 kilometres southwest of Faro, Yukon. The
property's 72 square kilometres encompass 363 quartz claims, extending along both sides of the Robert
Campbell Highway for approximately 27 kilometres, with power lines traversing
the project area.
FINAL WINTER, 2011, DIAMOND DRILL HOLES
AT GREW CREEK, YUKON -- SIGNIFICANT INTERCEPTS (1), (2)
Drill hole From (m) To (m) Interval (m) Gold (g/t)
GC11-279 56.39 72.39 16.00 0.59
and 130.87 234.87 104.00 1.33
including 164.87 182.87 18.00 3.12
GC11-280 No significant results
GC11-281 60.05 152.05 92.00 2.02
including 90.05 134.05 44.00 3.09
GC11-282 61.15 201.16 140.01 0.93
including 155.15 189.15 34.00 1.68
GC11-283 42.67 146.83 104.16 1.68
including 50.67 63.01 12.34 5.25
(1) Results where g/t times m are less than 2.5 are not reported in
this table, unless the individual grade equalled one g/t gold over a
minimum of 2.0 metres. Other intervals require equals 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 multiplied by .0292. Metres to feet: one m equals 3.28084
feet.
The complete results of the Grew Creek 2011 winter drill program, with
accompanying maps, are available at the company's website.
Sampling methodology, quality control and assurance
Samples were fire assayed by ALS Chemex in Vancouver. Refer to the
company's news release dated May 26, 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 Otto, MSc, PGeo, CPG, the company's senior
structural geologist and a qualified person as defined by National
Instrument 43-101.
We seek Safe Harbor.
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