Feb 25 2011
Golden Predator Corp. (TSX: GPD) has announced that it has commenced its second winter drill program of 2011 on the Carlos discovery zone at its Grew Creek Project.
The minimum 3,000 m oriented core drill program is intended to expand upon the Company's 2010 discovery at the Carlos zone where the Company encountered significant mineralization in all three late-season holes, including 146.3 m of 1.72 g/t Au beginning at a depth of 40.0 m in core hole GC10-001.(1) This initial 2011 program consists of in-fill drilling to provide data for a planned 43-101 compliant resource estimate, anticipated to be completed later this year, and to test strike and dip extensions of mineralization.
The Carlos Zone at Grew Creek is an epithermal gold discovery within the Tintina Gold Belt that bears similarities to significant Nevada deposits including Sleeper and Midas. The Company's 2010 drill program defined important structural controls and orientations of high-grade veining. The initial 2011 drill program is intended to further define these controls and the distribution of higher-grade mineralization. The Carlos zone is located 900m off the Campbell Highway, 25 km from the community of Faro with power lines traversing the project area.
The technical content of this news release has been reviewed and approved by Bruce R. Otto, M.Sc., C.P.G., P.Geo., the Company's Senior Structural Geologist and a Qualified Person as defined by National Instrument 43-101.
Source: Golden Predator Corp.