Vancouver, British Columbia, April 30, 2008: Golden Predator Mines Inc. (TSX:GP) is pleased to report it has intersected significant tungsten mineralization in drill holes at its wholly-owned Springer tungsten project in Pershing County, NV. Tungsten assay highlights include: 0.842% WO3 over 9.3 feet (2.8 m) in SMC-001, 0.826% WO3 over 14.7 feet (4.5 m) in SMC-002, and 0.653 WO3 over 21.6 feet (6.6 m) in SMC-004, all intervals true thickness.
Since late 2007, 14 holes have been drilled to test the integrity of historical "mine reserve" estimates and to outline the extent of near-surface tungsten mineralization remaining in the vicinity of previously developed surface mines. Seven of these holes were diamond drill holes, two of which were pre-collared by reverse circulation drilling, five were pre-collared by reverse circulation and intended to be completed with core at a later date and two were drilled entirely by reverse circulation. Assay data is complete for the six drill holes penetrating the tungsten skarn zones.
The Sutton beds, which are historically the largest ore producing beds on the site, were targeted in this initial drilling by Golden Predator. Drill holes SMC-001 and SMC-002 intersected tungsten mineralization in both the hanging wall and footwall of the main Sutton beds and yielded tungsten grades slightly above the historical average for the mine. Drill hole SMC-004 was drilled on the South Sutton beds and intersected long intervals of skarn-altered beds. Drill hole SMC-004 yielded W mineralization at grades exceeding the remaining historic estimate of 3.59 million tons grading 0.446% WO3 reported by the General Electric Company in March 1983 and cited in Golden Predator's previous news release dated April 28, 2007.
A summary of drill assay results can be found in the attached Schedule A.
Drilling is continuing in the South Sutton area, and also in new areas with the intention of identifying resources that are amenable to open pit mining.
ALS CHEMEX of Reno, NV performed all primary lab analyses. For both sawn half drill core samples and reverse circulation chips, samples received in the lab were first logged in and assigned a barcode. The samples were then fine crushed to 70% less than 2 mm then split with a riffle splitter with one split pulverized to 85% less than 75 microns. Tungsten, copper and molybdenum were then analyzed by pressed pellet, wavelength dispersive X-ray fluorescence. Levels of detection for the three elements analyzed are W-0.001% WO3, Cu-10 ppm, and Mo-4 ppm.
QA/QC procedures followed for the initial diamond drilling include submittal of half core for analysis and quarter coring with duplicate and referee samples being submitted for every ten samples assayed. Every tenth sample pulp returned from the primary lab will also be split and duplicate and referee samples resubmitted along with powdered W-standards submitted at the rate of one standard for every five pulps submitted.
Skarn-hosted tungsten mineralization (as scheelite in the case of Springer) presents special challenges in assaying QA/QC because of the extreme nugget effect encountered in the scheelite mineralization. To address this issue, the company has contracted William Gilmour, P. Geo. of Discovery Consultants of Vernon, B.C. to design and recommend a sampling QA/QC protocol unique for reverse circulation drilling of tungsten skarn mineralization. These recommendations will be implemented in ongoing reverse circulation drilling programs.
Information presented here on historical resource estimates was reviewed and approved by Art Ettlinger, Ph.D., P. Geo. the COO of the company and a Qualified Person as defined under National Instrument 43-101. All historical resource estimates quoted herein are based on prior data and reports obtained and prepared by previous operators and certain other information. The historical estimates should not be relied upon. No qualified person (as defined by NI 43-101) has done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Golden Predator has not completed the work necessary to verify the classification of the mineral resource estimates and is not treating the historical estimates as current mineral resources or mineral reserves as defined in sections 1.2 and 1.3 of NI 43-101. Further work will be required to evaluate these resource estimates.
For further information, please contact:
Golden Predator Mines Inc.
Bill Sheriff, President and CEO: (972) 333-2214
Art Ettlinger, COO: (604) 685-1964
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Golden Predator's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in the company's operations. These and other risks are described in the Company's public filings with Canadian Securities Regulators available at www.sedar.com.
For more information please see our Website at www.goldenpredator.com, or send questions and comments to info@goldenpredator.com
Schedule A
Drill Hole # |
From |
To |
Interval |
True Width, |
W03 |
Mo |
|
ft |
ft |
ft |
ft |
% |
ppm |
SMC-01 |
480 |
486 |
6.0 |
3.9 |
0.309 |
200 |
SMC-01 |
486 |
491 |
5.0 |
3.2 |
0.149 |
67 |
SMC-01 |
491 |
495.5 |
4.5 |
2.9 |
0.111 |
97 |
SMC-01 |
495.5 |
510 |
14.5 |
9.3 |
0.842 |
|
including: |
|
|
|
|
|
|
SMC-01 |
495.5 |
501 |
5.5 |
3.5 |
0.569 |
131 |
SMC-01 |
501 |
505 |
4.0 |
2.6 |
0.725 |
279 |
SMC-01 |
505 |
510 |
5.0 |
3.2 |
1.237 |
236 |
|
|
|
|
|
|
|
SMC-01 |
510 |
514.5 |
4.5 |
2.9 |
0.024 |
885 |
SMC-01 |
475.5 |
480 |
4.5 |
2.9 |
0.006 |
9 |
|
|
|
|
|
|
|
SMC-02 |
334 |
338 |
4.0 |
3.5 |
0.169 |
10 |
SMC-02 |
338 |
342.5 |
4.5 |
3.9 |
0.216 |
31 |
SMC-02 |
338 |
342.5 |
4.5 |
3.9 |
0.105 |
37 |
SMC-02 |
342.5 |
359.5 |
17.0 |
14.7 |
0.826 |
|
including: |
|
|
|
|
|
|
SMC-02 |
342.5 |
348 |
5.5 |
4.8 |
0.588 |
90 |
SMC-02 |
348 |
352 |
4.0 |
3.5 |
1.000 |
178 |
SMC-02 |
352 |
355 |
3.0 |
2.6 |
0.917 |
336 |
SMC-02 |
355 |
359.5 |
4.5 |
3.9 |
0.900 |
1115 |
|
|
|
|
|
|
|
SMC-02 |
359.5 |
363 |
3.5 |
3.0 |
0.272 |
74 |
SMC-02 |
363 |
367 |
4.0 |
3.5 |
0.013 |
28 |
SMC-02 |
329.5 |
334 |
4.5 |
3.9 |
0.004 |
72 |
SMC-02 |
289 |
290.5 |
1.5 |
1.3 |
0.932 |
434 |
|
|
|
|
|
|
|
SMC-03 |
147 |
151 |
4.0 |
3.5 |
1.048 |
430 |
SMC-03 |
174 |
175 |
1.0 |
.87 |
0.033 |
145 |
SMC-03 |
182.5 |
186 |
3.5 |
3.0 |
0.011 |
171 |
SMC-03 |
186 |
191 |
5.0 |
4.3 |
0.121 |
45 |
SMC-03 |
191 |
196 |
5.0 |
4.3 |
0.015 |
171 |
SMC-03 |
196 |
199 |
3.0 |
2.6 |
0.169 |
303 |
SMC-03 |
205 |
207 |
2.0 |
1.9 |
0.156 |
66 |
SMC-03 |
207 |
211.5 |
4.5 |
3.9 |
0.006 |
49 |
SMC-03 |
265 |
269 |
4.0 |
3.5 |
0.053 |
340 |
SMC-03 |
269 |
274.5 |
5.5 |
4.8 |
0.072 |
292 |
SMC-03 |
291.5 |
296 |
4.5 |
3.9 |
0.050 |
209 |
SMC-03 |
296 |
313 |
17.0 |
14.7 |
0.334 |
3040 |
SMC-03 |
319 |
320.5 |
1.5 |
1.3 |
0.033 |
329 |
SMC-03 |
381 |
384 |
3.0 |
2.6 |
0.211 |
276 |
SMC-03 |
385 |
388 |
3.0 |
2.6 |
0.047 |
170 |
SMC-03 |
395 |
397.5 |
2.5 |
2.2 |
0.082 |
42 |
SMC-04 |
178.5 |
183.5 |
5.0 |
3.5 |
0.004 |
69 |
SMC-04 |
183.5 |
187 |
3.5 |
2.5 |
0.513 |
315 |
SMC-04 |
187 |
192 |
5.0 |
3.5 |
0.013 |
37 |
SMC-04 |
248.5 |
252 |
3.5 |
2.5 |
0.004 |
36 |
SMC-04 |
252 |
256.5 |
4.5 |
3.2 |
0.028 |
97 |
SMC-04 |
256.5 |
261 |
4.5 |
3.2 |
0.061 |
100 |
SMC-04 |
261 |
265 |
4.0 |
2.8 |
0.239 |
352 |
SMC-04 |
265 |
267 |
2.0 |
1.4 |
0.417 |
252 |
SMC-04 |
267 |
272 |
5.0 |
3.5 |
0.033 |
185 |
SMC-04 |
272 |
273 |
1.0 |
.71 |
0.134 |
37 |
SMC-04 |
273 |
275 |
2.0 |
1.4 |
0.001 |
18 |
SMC-04 |
307 |
311.5 |
4.5 |
3.2 |
0.003 |
156 |
SMC-04 |
311.5 |
316 |
4.5 |
3.2 |
0.382 |
228 |
SMC-04 |
316 |
321 |
5.0 |
3.5 |
0.322 |
45 |
SMC-04 |
321 |
325 |
4.0 |
2.8 |
0.124 |
61 |
SMC-04 |
325 |
331 |
6.0 |
4.2 |
0.068 |
43 |
SMC-04 |
343.5 |
344.5 |
1.0 |
.71 |
0.007 |
121 |
SMC-04 |
388.3 |
389.3 |
1.0 |
.71 |
0.132 |
103 |
SMC-04 |
396 |
400 |
4.0 |
2.8 |
0.010 |
36 |
SMC-04 |
400 |
405 |
5.0 |
3.5 |
0.038 |
135 |
SMC-04 |
405 |
409 |
4.0 |
2.8 |
0.001 |
2770 |
SMC-04 |
417 |
421 |
4.0 |
2.8 |
0.007 |
56 |
SMC-04 |
421 |
425.5 |
4.5 |
3.2 |
0.089 |
214 |
SMC-04 |
425.5 |
428.5 |
3.0 |
2.1 |
0.003 |
18 |
SMC-04 |
428.5 |
432 |
3.5 |
2.5 |
0.117 |
322 |
SMC-04 |
432 |
436 |
4.0 |
2.8 |
0.042 |
391 |
SMC-04 |
436 |
440 |
4.0 |
2.8 |
0.106 |
93 |
SMC-04 |
440 |
444.5 |
4.5 |
3.2 |
0.095 |
69 |
SMC-04 |
444.5 |
449 |
4.5 |
3.2 |
0.051 |
51 |
SMC-04 |
449 |
454 |
5.0 |
3.5 |
0.287 |
460 |
SMC-04 |
454 |
458.5 |
4.5 |
3.2 |
0.024 |
114 |
SMC-04 |
458.5 |
489 |
30.5 |
21.6 |
0.653 |
|
including: |
|
|
|
|
|
|
SMC-04 |
458.5 |
463.5 |
5.0 |
3.5 |
0.556 |
190 |
SMC-04 |
463.5 |
467.5 |
4.0 |
2.8 |
0.858 |
237 |
SMC-04 |
467.5 |
472.5 |
5.0 |
3.5 |
0.047 |
770 |
SMC-04 |
472.5 |
476.5 |
4.0 |
2.8 |
0.337 |
2910 |
SMC-04 |
476.5 |
481 |
4.5 |
3.2 |
0.599 |
748 |
SMC-04 |
481 |
486 |
5.0 |
3.5 |
1.400 |
232 |
SMC-04 |
486 |
489 |
3.0 |
2.1 |
0.807 |
219 |
|
|
|
|
|
|
|
SMC-04 |
489 |
494 |
5.0 |
3.5 |
0.013 |
50 |
SMC-04 |
494 |
501 |
7.0 |
4.9 |
0.019 |
162 |
|
|
|
|
|
|
|
SMC-05 |
Pre-collars only - no assays at this time |
|||||
SMC-06 |
Pre-collars only - no assays at this time |
|||||
SMC-07 |
Pre-collars only - no assays at this time |
|||||
SMC-08 |
Pre-collars only - no assays at this time |
|||||
SMC-09 |
Pre-collars only - no assays at this time |
|||||
SMC-10 |
Pre-collars only - no assays at this time |
|||||
|
|
|
|
|
|
|
SMC-11 |
475 |
477.5 |
2.5 |
1.5 |
0.001 |
60 |
SMC-11 |
477.5 |
480 |
2.5 |
1.5 |
0.003 |
18 |
SMC-11 |
480 |
482.5 |
2.5 |
1.5 |
0.004 |
285 |
SMC-11 |
482.5 |
485 |
2.5 |
1.5 |
0.007 |
150 |
SMC-11 |
485 |
487.5 |
2.5 |
1.5 |
0.001 |
59 |
SMC-11 |
487.5 |
490 |
2.5 |
1.5 |
0.003 |
16 |
SMC-11 |
490 |
492.5 |
2.5 |
1.5 |
0.004 |
24 |
SMC-11 |
492.5 |
495 |
2.5 |
1.5 |
0.002 |
13 |
SMC-11 |
495 |
497.5 |
2.5 |
1.5 |
0.001 |
19 |
SMC-11 |
497.5 |
500 |
2.5 |
1.5 |
0.002 |
7 |
SMC-11 |
500 |
502.5 |
2.5 |
1.5 |
0.003 |
7 |
SMC-11 |
502.5 |
505 |
2.5 |
1.5 |
0.012 |
5 |
SMC-11 |
505 |
507.5 |
2.5 |
1.5 |
0.003 |
8 |
SMC-11 |
507.5 |
510 |
2.5 |
1.5 |
0.005 |
4 |
SMC-11 |
510 |
512.5 |
2.5 |
1.5 |
0.122 |
11 |
SMC-11 |
512.5 |
515 |
2.5 |
1.5 |
1.200 |
275 |
|
|
|
|
|
|
|
SMC-12 |
310 |
312.5 |
2.5 |
1.8 |
0.018 |
21 |
SMC-12 |
312.5 |
315 |
2.5 |
1.8 |
0.228 |
153 |
SMC-12 |
315 |
317.5 |
2.5 |
1.8 |
0.133 |
1040 |
SMC-12 |
317.5 |
320 |
2.5 |
1.8 |
0.223 |
528 |
SMC-12 |
320 |
322.5 |
2.5 |
1.8 |
0.066 |
118 |
SMC-12 |
322.5 |
325 |
2.5 |
1.8 |
0.022 |
54 |
SMC-12 |
325 |
327.5 |
2.5 |
1.8 |
0.003 |
14 |
SMC-12 |
327.5 |
330 |
2.5 |
1.8 |
0.003 |
27 |
SMC-12 |
330 |
332.5 |
2.5 |
1.8 |
0.002 |
27 |
SMC-12 |
332.5 |
335 |
2.5 |
1.8 |
0.004 |
36 |
SMC-12 |
335 |
337.5 |
2.5 |
1.8 |
0.002 |
12 |
SMC-12 |
337.5 |
340 |
2.5 |
1.8 |
0.002 |
14 |
SMC-12 |
340 |
342.5 |
2.5 |
1.8 |
0.002 |
22 |
SMC-12 |
342.5 |
345 |
2.5 |
1.8 |
0.001 |
23 |
SMC-12 |
345 |
347.5 |
2.5 |
1.8 |
0.001 |
30 |
SMC-12 |
347.5 |
350 |
2.5 |
1.8 |
0.001 |
11 |
SMC-12 |
350 |
352.5 |
2.5 |
1.8 |
0.001 |
44 |
SMC-12 |
352.5 |
355 |
2.5 |
1.8 |
0.001 |
11 |
SMC-12 |
355 |
357.5 |
2.5 |
1.8 |
0.001 |
18 |
SMC-12 |
357.5 |
360 |
2.5 |
1.8 |
0.001 |
36 |
SMC-12 |
360 |
362.5 |
2.5 |
1.8 |
0.007 |
58 |
SMC-12 |
362.5 |
365 |
2.5 |
1.8 |
0.027 |
43 |
SMC-12 |
365 |
367.5 |
2.5 |
1.8 |
0.044 |
67 |
SMC-12 |
367.5 |
370 |
2.5 |
1.8 |
0.054 |
123 |
SMC-12 |
370 |
372.5 |
2.5 |
1.8 |
0.047 |
97 |
SMC-12 |
372.5 |
375 |
2.5 |
1.8 |
0.016 |
230 |
SMC-12 |
375 |
377.5 |
2.5 |
1.8 |
0.023 |
245 |
SMC-12 |
377.5 |
380 |
2.5 |
1.8 |
0.019 |
768 |
SMC-12 |
380 |
382.5 |
2.5 |
1.8 |
0.038 |
597 |
SMC-12 |
382.5 |
385 |
2.5 |
1.8 |
0.020 |
103 |
SMC-12 |
385 |
387.5 |
2.5 |
1.8 |
0.005 |
83 |
SMC-12 |
387.5 |
390 |
2.5 |
1.8 |
0.003 |
75 |
SMC-12 |
390 |
392.5 |
2.5 |
1.8 |
0.026 |
132 |
SMC-12 |
392.5 |
395 |
2.5 |
1.8 |
0.014 |
68 |
SMC-12 |
395 |
397.5 |
2.5 |
1.8 |
0.018 |
44 |
SMC-12 |
397.5 |
400 |
2.5 |
1.8 |
0.080 |
89 |
SMC-12 |
400 |
402.5 |
2.5 |
1.8 |
0.020 |
182 |
SMC-12 |
402.5 |
405 |
2.5 |
1.8 |
0.028 |
154 |
SMC-12 |
405 |
407.5 |
2.5 |
1.8 |
0.021 |
275 |
SMC-12 |
407.5 |
410 |
2.5 |
1.8 |
0.019 |
440 |
SMC-12 |
410 |
412.5 |
2.5 |
1.8 |
0.023 |
1065 |
SMC-12 |
412.5 |
415 |
2.5 |
1.8 |
0.012 |
337 |
SMC-12 |
415 |
417.5 |
2.5 |
1.8 |
0.112 |
2180 |
SMC-12 |
417.5 |
420 |
2.5 |
1.8 |
0.386 |
1645 |
SMC-12 |
420 |
422.5 |
2.5 |
1.8 |
0.020 |
467 |
SMC-12 |
422.5 |
425 |
2.5 |
1.8 |
0.206 |
229 |
SMC-12 |
425 |
427.5 |
2.5 |
1.8 |
0.135 |
424 |
SMC-12 |
427.5 |
430 |
2.5 |
1.8 |
0.181 |
184 |
SMC-12 |
430 |
432.5 |
2.5 |
1.8 |
0.159 |
102 |
SMC-12 |
432.5 |
435 |
2.5 |
1.8 |
0.326 |
153 |
SMC-12 |
435 |
445 |
10.0 |
7.1 |
0.610 |
|
including: |
|
|
|
|
|
|
SMC-12 |
435 |
437.5 |
2.5 |
1.8 |
0.705 |
203 |
SMC-12 |
437.5 |
440 |
2.5 |
1.8 |
0.822 |
267 |
SMC-12 |
440 |
442.5 |
2.5 |
1.8 |
0.206 |
57 |
SMC-12 |
442.5 |
445 |
2.5 |
1.8 |
0.707 |
163 |
|
|
|
|
|
|
|
SMC-12 |
445 |
447.5 |
2.5 |
1.8 |
0.180 |
113 |
SMC-12 |
447.5 |
450 |
2.5 |
1.8 |
0.117 |
73 |
SMC-12 |
450 |
452.5 |
2.5 |
1.8 |
0.192 |
89 |
SMC-12 |
452.5 |
455 |
2.5 |
1.8 |
0.203 |
148 |
SMC-12 |
455 |
457.5 |
2.5 |
1.8 |
0.298 |
136 |
SMC-12 |
457.5 |
462.5 |
5.0 |
3.5 |
0.535 |
|
including: |
|
|
|
|
|
|
SMC-12 |
457.5 |
460 |
2.5 |
1.8 |
0.551 |
187 |
SMC-12 |
460 |
462.5 |
2.5 |
1.8 |
0.518 |
162 |
|
|
|
|
|
|
|
SMC-12 |
462.5 |
465 |
2.5 |
1.8 |
0.089 |
72 |
SMC-12 |
465 |
467.5 |
2.5 |
1.8 |
0.093 |
50 |
SMC-12 |
467.5 |
470 |
2.5 |
1.8 |
0.699 |
95 |
SMC-12 |
470 |
472.5 |
2.5 |
1.8 |
0.154 |
91 |
SMC-12 |
472.5 |
475 |
2.5 |
1.8 |
0.170 |
105 |
SMC-12 |
475 |
477.5 |
2.5 |
1.8 |
0.016 |
17 |
SMC-12 |
477.5 |
480 |
2.5 |
1.8 |
0.017 |
12 |
SMC-12 |
480 |
482.5 |
2.5 |
1.8 |
0.008 |
12 |
SMC-12 |
482.5 |
485 |
2.5 |
1.8 |
0.006 |
50 |
SMC-12 |
485 |
487.5 |
2.5 |
1.8 |
0.040 |
1090 |
SMC-12 |
487.5 |
490 |
2.5 |
1.8 |
0.116 |
921 |
SMC-12 |
490 |
492.5 |
2.5 |
1.8 |
0.196 |
120 |
SMC-12 |
492.5 |
495 |
2.5 |
1.8 |
0.016 |
128 |
SMC-12 |
495 |
497.5 |
2.5 |
1.8 |
0.015 |
62 |
SMC-12 |
497.5 |
500 |
2.5 |
1.8 |
0.015 |
52 |
|
|
|
|
|
|
|
SMC-13 |
Pre-collars only - no assays at this time |
|||||
SMC-14 |
Pre-collars only - no assays at this time |