GREY:CQXFF - Post Discussion
Post by
manifest30 on Feb 23, 2012 11:15am
GPD = results.. check the NR up up up!
Check out those gold grades. this will retest it's 2011 high of 1.40 in no time. Those are some great holes. 2012 company expects to start producing from it's 100% owned brewery creek as well. Do your own DD but look at level 2 buying pressure. This one isn't leveling out anytime soon. ( note: letting popular boards know, so people can research and make an educated decision.. not a random spam, i mention companies when good news comes out)
VANCOUVER, Feb. 23, 2012 /PRNewswire/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce results from the final 47 RC holes from its 2011 drill program at its Grew Creek Project, Yukon. Of these 47 holes, 19 were extensional or in-fill drilling at the Carlos Zone, and 28 were exploration holes in various locations across the expansive property. Drilling at the Carlos Zone returned significant mineralization in 12 of 19 holes including:
GCRC-284 with 24 m of 3.24 g/t gold from a depth of 216 m;
GCRC-325 with 76 m of 1.97 g/t gold from a depth of 24 m including 6 m of 8.49 g/t gold and 20.0 g/t silver;
GCRC-326 with 76 m of 2.22 g/t gold from a depth of 24 m including 2 m of 15.55 g/t gold and 43.0 g/t silver;
GCRC-327 with 78 m of 1.20 g/t gold from a depth of 26 m;
GCRC-328 with 68 m of 5.96 g/t gold and 24.1 g/t silver from a depth of 32 m including 4 m of 63.15 g/t gold and 344.0 g/t silver; and
GCRC-329 with 60 m of 1.86 g/t gold from a depth of 40 m including 2 m of 22.0 g/t gold.
"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."
A complete table of results, location maps and additional geological information can be found on the Company's website at:
https://www.goldenpredator.com/documents/GPD-NR12-09-2012-02-23-Grew-Creek-Final-2011-Drill-Results-FINAL.pdf
The Grew Creek Project is located 32 km southwest of Faro and 24 km northwest of Ross River, Yukon. The property's 134 km2 encompasses 666 quartz claims, extending along both sides of the Robert Campbell Highway for approximately 27 km with power lines traversing the Project area.
The Carlos Zone
The Carlos Zone at Grew Creek is an epithermal gold discovery in Eocene volcanic rocks located along the Tintina Trench 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, and the 2011 drill program was intended to further define these controls and the distribution of higher-grade mineralization. 2011 results support the current interpretation of structurally controlled epithermal gold mineralization. This new data extends known mineralized trends down dip, along both strike directions, and through areas where prior drilling was sparse; the Carlos Zone remains open at depth but appears to be cut off along strike.
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