Golden Predator to Host Conference Call;Resumes Drilling at Brewery Creek Projec
posted on
May 10, 2011 01:12PM
North American Royalties and Assets in Nevada and the Yukon
NEWS RELEASE
TSX: GPD
MAY 10, 2011
NR 11-18
www.goldenpredator.com
Golden Predator to Host Conference Call;
Resumes Drilling at Brewery Creek Project, Yukon
Vancouver, British Columbia — May 10, 2011: Golden Predator Corp. (TSX: GPD) (the “Company”) is pleased to announce it has resumed its Brewery Creek drill program following the recently announced discoveries at the Bohemian and Schooner Zones. The Company also reports it has completed an airborne geophysical survey of the Brewery Creek project, conducted to identify and delineate additional drill targets for the 2011 drill program. The Company will host a conference call and live audio webcast at 9 AM PST on Wednesday, May 11th, 2011 to provide information about the discovery and future plans for its Brewery Creek Project. Information on the conference call and live audio webcast is outlined below.
2011 Winter Drill Program
The Brewery Creek winter 2011 diamond drilling campaign was designed to expand the Bohemian Zone, discovered by the Company in 2010 and resulted in a second discovery at the Schooner Zone, 250 m east of the Bohemian Zone with results that included:
- Hole BC11-198: 74 m of 7.08 g/t gold including 57.5 m of 8.90 g/t gold
beginning at a depth of 6 m(1);
- Hole BC11-199: 51.6 m of 1.71 g/t gold starting at a depth of 20 m
withthe hole bottoming in 2.85 g/t gold from 69.5 m to the final depth of
71.6 m(1);
- Hole BC11-183: 28.0 m of 5.06 g/t gold beginning at a depth of 46.0 m
in hole BC11-183, including 13.5 m of 8.78 g/t beginning at a depth of
53.5 m(2);
- Holes BC11-176: 32.9 m of 3.01 g/t gold beginning at a depth of 42.6
(3).
The Company’s 2011 winter program at Brewery Creek reported significant mineralization on 24 of the 25 holes drilled. The current drill program is planned to include an additional 20 holes and will focus on the extension of mineralization along strike and down dip from this important discovery.
Airborne Geophysical Survey
Results of the airborne survey have identified nine major gold exploration targets consisting of four previously unidentified sites as well as five enhanced target sites. These sites will be systematically tested as the Company’s drill program intensifies throughout the year.
Golden Predator has analyzed and characterized the extensive exploration data and the nature of mineralization at the previously mined areas at Brewery Creek as a guide to identify and prioritize other targets in the eastern region of the Property. The known mineralization is associated with quartz monzonite intrusions, which typically show a magnetic low response from hydrothermal destruction of magnetite. In total, the airborne survey identified nine individual areas-of-interest that correlate strongly with anomalous gold in soils.
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.
Conference Call and Webcast Information
Golden Predator will host a conference call and live audio webcast to discuss the significance of the recent Brewery Creek discoveries, its 2011 winter drill program, the airborne geophysical survey results, and its future plans for development of the Brewery Creek Project.
Date: Wednesday, May 11, 2011
Time: 9:00am Pacific Time (12:00pm Eastern Time)
Participant Dial-In Numbers:
• Operator assisted toll-free dial-in number (North America): 888-231-8191
• Local/International dial-in number: 647-427-7450
Audio Webcast:
• A live audio webcast can be accessed at:
http://event.on24.com/r.htm?e=312856&s=1&k=824F602B5A3199BC27A18B51CBBE853F
Q&A Session: Please log into the webcast to submit questions.
Playback Available for One Week Following the Call:
• North American toll-free number: 1-800-642-1687
• Local dial-in number: 416-849-0833
• Pass code: 66277030
Conference call and live audio webcast details are also available on the Golden Predator website: www.goldenpredator.com.
(1)GPD NR April 26, 2011
(2)GPD NR April 7, 2011
(3)GPD NR March 24, 2011
About Golden Predator Corp.
Golden Predator Corp.’s mandate is to be the leading gold property explorer and developer in Yukon, Canada. Golden Predator has a vast Yukon property position with three advanced gold projects, 6 pipeline prospects as well as exploration landholdings comprising over 2,000 km2. The 2011 winter drilling program has been completed at Brewery Creek and continues at the Grew Creek project. In 2011 Golden Predator will continue aggressive drill programs and work towards completing initial resource estimates for Grew Creek and Clear Creek and updating the existing resource estimate for Brewery Creek including the newly discovered Bohemian Zone, in addition to conducting initial drilling at the recently acquired Harlan project.
For additional information:
Golden Predator Corp.
Investor Relations
(604) 648-GOLD (4653)
info@goldenpredator.com
www.goldenpredator.com