July 26, 2011
Golden Predator Commences Drill Program on its Enticing Harlan Project in Yukon’s Selwyn Basin
VANCOUVER, July 26, 2011 /PRNewswire/ - Golden Predator Corp. (TSX:GPD) (the
"Company") is pleased to announce that it has commenced a planned
minimum 1,500 m diamond drill program at its previously undrilled
Harlan Project located in the Selwyn Basin District, Yukon, Canada. The
project area consists of 740 claims covering approximately 150 km(2) lying approximately 90 km south of the Osiris discovery of Atac
Resources Ltd. (TSXV: ATC), and presents at least two major drill-ready
gold targets; the Vortex and West Porphyry Zones.
"I first saw field specimens from Harlan fifteen years ago while working
for the Yukon Geological Survey, and have eagerly awaited the chance to
set foot on the property," said Mike Burke, Chief Geologist. "My recent
field visit to the property did not disappoint; the size and tenor of
the alteration and mineralization of the system is reason for
excitement about our upcoming drill program."
Harlan Project Geology
Two zones of mineralization are know to exist on the project area. The
Vortex Zone consists of a northwest trending
gold-bismuth-arsenic-antimony anomaly measuring 1,600 m by 700 m that
averages over 500 ppb Gold in soils covering a zone consisting of fine
disseminated pyrite and arsenopyrite within a silicified hydrothermal
breccia. Grab samples taken within the Vortex Zone have returned values
up to 6.5 g/t Gold. The Vortex Zone contains a 500 by 300 m core that
is intensely brecciated and clay altered that averaged more than 1 g/t
Gold with peak values up to 10.4 g/t Gold in soils.
The West Porphyry Zone consists of a series of east-southeast trending,
steeply south-southwest dipping altered quartz monzonite dykes. Rock
chip sampling returned values up to 0.86 g/t Gold over 20.8 m.
Anomalous values to 1.26 g/t Gold were returned from dykes across 2.5
The project area is underlain by rocks of the Selwyn Basin that consist
mainly of chert-pebble conglomerates of the Devono-Mississipian Earn
Group. East-west striking thrust faults cross-cut the property placing
the Earn Group rocks in contact with argillites of the Road River
Group. Quartz-monzonite dykes tentatively assigned to the Cretaceous
Tombstone Suite are also present on the property. Mineralization at the
Vortex Zone consists of chalcedonic quartz veining, quartz-sulphide
veining, hydrothermal brecciation and silicification within the
chert-pebble conglomerates over a distance of more than a kilometre
before being obscured under talus cover. At least three generations of
quartz and quartz sulphide veining have been identified within the
Zone. The West Porphyry zone is associated with a swarm of altered
quartz-monzonite dykes intruding graphitic schists of the Road River
The technical content of this news release has been reviewed and
approved by Michael Maslowski, BSc, PGeo, 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., 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 4,000 km(2). Drilling continues at the Company's flagship Brewery Creek project, as
well as at its Grew Creek and Clear Creek projects. 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.
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.
SOURCE Golden Predator Corp.