High Grade Discovered At Rogue B

 

WHITEHORSE, YT - Golden Predator Corp. reported 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 Basin, Yukon.

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.

The Rogue B property is located in the Old Cabin Creek drainage immediately north of the Emerald Lake Pluton in the central Selwyn Basin, Yukon Territory. The property is being explored by the Company targeting gold mineralization, centered on and peripheral to, a cluster of mid-Cretaceous age plutons in the Emerald Lake area. Golden Predator's 2011 stream sediment program defined an area (~25 km2) of gold mineralization west of the small quartz monzonite pluton at Arrowhead Mountain. Sampling in 2011 and 2012 has identified three areas of gold mineralization along an 8 km east-west trend; the Valley Gold, Gracie and Arrowhead Pass areas (Figure 2). The continuity of gold mineralization along strike between the zones is currently unknown and the width of the zone is only locally constrained by sampling and ranges from 200 to 300 m.

Sampling at three areas over 1 km that generally parallels the sediment intrusive contact returned the following results at the Valley Gold area. 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.

The Gracie area is located 4 km east of the Valley Gold area and gold mineralization is localized along a northeast trending, steeply dipping fault zone cutting hornfelsed sediments of the Paleozoic Earn Group.╩ A total of 144 rock chip samples were collected in 2011 and 2012 over an area of 1 km by 1 km and 105 samples returned values above detection (10 ppb) and 30 of the samples returned values greater than 0.40 g/t gold with a high value of 57.00 g/t gold.