RE: Northern Miner: Analysis of GPD's latest drill
Golden Predator* (GPD : TSX :
.79), Net Change: 0.10, % Change: 14.49%, Volume: 3,167,197
Keeps on rolling. Shares of Golden Predator jumped after the company announced more high quality drill holes from their
Grew Creek Project in the Yukon. The company released a total of 47 RC holes, 19 of which were in-fill holes at the Carlos
Zone and 28 were exploration holes in various locations. Drilling at the Carlos Zone returned significant mineralization in 12 of
19 holes, with GCRC-328 returning a robust 5.96 g/t gold over 68 m, including 63.15 g/t gold over 4 m. "The grade and
continuity of the Carlos Zone continues to exceed our expectations," said William M. Sheriff, Chairman & CEO. "With new
exploration permits in place we can follow-up on our promising results at the Knoll Zone and explore other high priority targets
now accessible throughout the Grew Creek Project." Recently the company announced the commencement of its 2012 drill
program at its Brewery Creek Project, Yukon. Management noted that winter drilling has resumed at Brewery Creek as the
initial phase of another major exploration and development program slated for 2012. Targets for the 2012 drill program include:
i) Extension of Sleeman Discovery along strike in both directions and down dip; ii) Extension of Bohemian-Schooner Discovery
to the east and down dip; iii) Extension and expansion of the Classic Discovery in three directions and down dip; iv) Extension
of the West Big Rock Zone to the west; v) Extension of the North Slope Zone in all directions; and vi) Extension of the Ice Fog
Zone. Looking ahead, the expansion of the remaining resources in the previously mined areas between and along existing pits,
initial drill testing of the offset portion of the Classic Zone and initial drill testing of other high-priority coincident geochemical
and geophysical anomalies are all planned for 2012. While, condemnation drilling of proposed new heap or in-valley leach sites
and geotechnical drill tests of known resources for additional metallurgy and rock mechanics, will also take place. Golden
Predator anticipates receiving a NI 43-101 compliant resource estimate, currently underway, in April 2012. The resource
estimate will included all results from the 2011 drill program.