Is something good brewing?Is something good brewing? Golden Predator rallied after announcing initial drill results from the newly discovered Sleeman Zone at its Brewery Creek Project, the second major discovery on the company's project this year. Results of particular significance include the following: i) 191.5 m of 1.46 g/t gold beginning at a depth of 4.5 m in core hole BC11-226 (drilled subparallel to mineralized dike); ii) 40.3 m of 1.21 g/t gold beginning at a depth of 13.2 m in core hole BC11-229; and iii) 24.0 m of1.65 g/t gold from a depth of 62.5 m in core hole BC11-217. GPD says all holes reaching target depth encountered significant
mineralized intercepts of 24 m or more. The Sleeman Zone, located 2.5 km southeast of the previously announced Bohemian-Schooner Zone discovery, remains open in all directions. Given the success at Brewery Creek, GPD plans to further expand its2011 exploration budget: the company now looks to spend $7.5 million during the current fiscal year, an increase of $1.5 million following the tripling of the annual budget announced May 31, 2011. Drilling continues at Brewery Creek with two core rigs and one RC rig, and GPD is working to secure an additional rig in the coming weeks. Drilling is now being planned on a year-round basis, and the company is also establishing a permanent all-weather camp at Brewery Creek to augment existing facilities. GPD's Brewery Creek project is located in the Yukon.
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