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Golden Predator discovers high-grade gold mineralization on Rogue B property, Yukon

Friday, Jan 25, 2013

WHITEHORSE, YT, Jan. 24, 2013 /CNW/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce the results of its early stage soil and rock chip sampling programs from 2011 and 2012 from the Rogue A, B and F properties located in the central Selwyn (Figure 1).

On the Rogue B property, the Company has discovered an area of high-grade gold mineralization exposed over an area of approximately 1 km x 1 km that it is calling the Valley Gold area. The gold mineralization is associated with arsenopyrite-bearing quartz veins, breccias and stockworks hosted in Cretaceous quartz monzonite intrusive and peripheral siltstone and chert of the Paleozoic Road River and Earn Groups. A total of forty-eight rock chip samples were collected from the Valley Gold area and twenty-four (50%) returned values over 0.48 g/t gold. Twelve of the forty-eight rock chip samples (25%) returned gold
values greater than 4.32 g/t gold with a high value of 152.0 g/t gold.

The 2012 sampling program was guided by gold anomalous stream sediment samples from Golden Predator's 2011 generative program.

Sampling at three areas over 1 km that generally parallels the sediment intrusive contact returned the following results at the Valley Gold area (Figure 3). The highest grade samples were collected 100 m from the intrusive contact in brecciated and silicified siltstone and chert with quartz veining and disseminated arsenopyrite with seven samples containing greater than 4.78 g/t gold with a high of 152.0 g/t gold.

A second sampling site, 200 m west of the seven high grade samples, returned values of 10.10 g/t gold and 5.06 g/t gold from quartz-arsenopyrite veins and stockworks hosted in quartz monzonite.

A third sampling site, approximately 600 m west of the second site is an outcrop of variably hornfelsed siliciclastics and quartz monzonite exposed in the valley floor. A channel sample from a quartz-arsenopyrite vein parallel to the quartz monzonite contact returned a value of 4.20 g/t gold over 8.12 m including 1.28 m of 12.20 g/t gold. A channel sample from an adjacent outcrop with arsenopyrite veinlets in shale returned a value of 4.32 g/t gold over 3.42 m. Chip samples from outcrops 65 to 70 m northwest and southeast returned values of 18.30 and 1.63 g/t gold from pyrrhotite hornfels and 3.55, 2.33 and 0.90 g/t gold from quartz veinlets, up to 10 cm wide, cutting quartz monzonite (Figure 3).

Approximately 300 m north of the intrusive contact an outcrop of clay altered siltstone with quartz-arsenopyrite stockworks adjacent to a quartz monzonite dike returned a value of 0.96 g/t gold over 4.0 m from a channel sample perpendicular to the strike of the dike (Figure 3).

The Arrowhead Pass area is located 3 km east of the Gracie area adjacent to a small quartz monzonite pluton. A total of 15 rock samples (float) were collected over an area of 0.5 km by 0.5 km and all returned values above detection (10 ppb gold) and six samples returned gold values greater than 1.00 g/t gold with a maximum value of 7.51 g/t gold. Soil samples (talus fines) collected along a 4 km soil contour line returned a continuous 700 m section of samples (50 m spacing) with values greater than 30 ppb gold. The gold mineralization occurs as quartz-arsenopyrite-pyrite-chalcopyrite veins in quartz monzonite and hornfels and as silicification with disseminated arsenopyrite in quartz monzonite.

Geologic mapping and gold geochemistry from the Rogue B property define an east-west trending zone approximately 8 km in length and an undetermined width with gold mineralization hosted in intrusive lithologies and in fine-grained, variably hornfelsed sediments proximal to the intrusive contact. Gold mineralization is associated with quartz-arsenopyrite veins and stockworks.

Source: Golden Predator Corp.

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