Renamed from American Bullion Development Corp.
North American Royalties and Assets in Nevada and the Yukon
Message: Schooner Zone extended to approximately 1 km
Golden Predator Further Expands Brewery Creek’s Bohemian ‐Schooner Zone http://www.goldenpredator.com/documents/GPDNR11-26-BC-Schooner-results_000.pdf Vancouver, British Columbia — July 7, 2011: Golden Predator Corp.
(TSX:GPD) (the “Company”) is
pleased to announce additional assay results from the eastern section of Bohemian
Schooner Zone at its
flagship Brewery Creek Project. Significant results include 46.5 m of 1.54 g/t gold in hole BC11‐
212
beginning at a depth of 22.5 m, 24.0 m of 1.65 g/t gold in hole BC11 ‐
217 beginning at a depth of 62.5
m, and 10.87 m of 7.57 g/t gold in hole BC11 ‐227 beginning at a depth of 33.5 m
. Twelve of the
seventeen new holes intersect significant mineralization. The Bohemian
Schooner Zone has now been
extended to approximately 1 km in length and remains open along strike to the east as well as down dip. These latest holes were designed to delineate the main structure along the eastern section of the Bohemian
Schooner Zone. Peripheral holes that were drilled through strata that comprise either the
hanging wall or footwall of the target structure also show minor mineralization away from this main structure. The central portion of the zone is located under a bog which the Company intends to infill drill during the winter freeze
Schooner
Zone as well as other high
priority targets throughout the Project area. Additional 2011 Diamond Drill Holes at Bohemian ‐
Schooner Zone Brewery Creek, YT
Significant Intercepts
(1), (2) Drill Hole From (m) To (m) Interval (m) Gold (g/t) BC11 ‐
211 71.24 95.40 24.16 1.39 including 71.24 77.72 6.48 4.68 BC11 ‐
212 22.50 69.00 46.50 1.54 including 29.00 40.50 11.50 2.56 and 51.00 59.40 8.40 3.13 BC11
213 No significant results
2 (1)
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. BC11
214 79.00 113.00 34.00 0.94
BC11
215 66.00 74.00 8.00 1.42
BC11
216 9.00 11.00 2.00 1.30 BC11 ‐
217 62.50 86.50 24.00 1.65 BC11
218 No significant results BC11 ‐
219 24.40 49.00 24.60 1.29 including 36.50 44.00 7.50 2.43 BC11
220 No significant results
BC11
221 14.00 35.00 21.00 0.66 including 26.00 35.00 9.00 1.01 BC11
222 27.50 39.00 11.50 0.82
BC11
223 26.50 51.50 25.00 0.65
BC11
224 No significant results BC11 ‐
225 21.00 33.50 12.50 2.35
BC11 ‐
227 33.53 44.40 10.87 7.57 BC11
228 No significant results
3 Ongoing Brewery Creek Drill Program 4 Overview of the 2011 Brewery Creek Drill Program The 2011 drill program at Brewery Creek has been designed to expand the recently discovered Bohemian
Schooner Zone and evaluate numerous coincident geophysical and geochemical anomalies.
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 km
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. 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. About Golden Predator Corp. Golden Predator Corp., a well
funded exploration and development company, has a mandate 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 2,300 km
. Drilling continues at the Company's flagship Brewery Creek
Project and at Grew Creek, and has begun at Clear Creek. In 2011 Golden Predator will work towards completing initial resource estimates for Grew Creek and Clear Creek and updating the existing resource estimate for Brewery Creek, in addition to conducting initial drilling at the recently acquired Harlan project. 5 For additional information: Golden Predator Corp. Investor Relations (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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