Golden Predator Doubles Yukon Holdings
VANCOUVER, BC - Golden Predator Corp. reported that it has signed an option agreement pursuant to which it can acquire a 100% interest in 6 separate properties located in east central Yukon which the Company is calling the Rogue district. The property package comprises, in the aggregate, 3,154 quartz mineral claims covering approximately 659 km2 of land featuring Intrusion-Related Gold mineralization associated with several Tombstone Suite monzonitic intrusions.
"This acquisition doubles not only Golden Predator's land holdings but also the number of active projects we have in the Yukon. The potential of the Tintina trend and more particularly the Tombstone Gold Belt is just beginning to be realized on the heels of several significant recent discoveries" said William M. Sheriff, Chairman & CEO. "We are extremely excited to have this district-sized land package, which is immediately north of our Cynthia project, in our property portfolio. We look forward to conducting a number of geological studies on the entire area next year in preparation for a major drill campaign". The Rogue district is located approximately 190 km northeast of Ross River, in east central Yukon. The project areas lie immediately north of the Company's Cynthia project, which is currently being drilled, within the eastern Tintina Gold Belt. The Tintina Gold Belt hosts several major deposits including Donlin Creek, Pogo, Fort Knox, Keno Hill, Dublin Gulch and Brewery Creek, as well as the recently discovered Rau, White Gold and Coffee deposits. The Rogue district is located approximately 20 km north of a winter road extending from the North Canol Road to the Plata Airstrip, and is accessible by helicopter and float plane. The Rogue district projects (referred to as Projects A through F) were staked to cover several Cretaceous Tombstone Suite monzonite intrusions, which intrude Proterozoic and Paleozoic metasediments of the Selwyn Basin, with associated Au-As soil anomalies and known Intrusion-Related Gold mineralization, Epithermal Gold-Silver Veins, and Porphyry Copper-Gold Deposits (Yukon Geological Survey Minfile 105O 009, 030, 039, 054, and 055). Historical grab samples of mineralized sheeted quartz veins up to 22.5 g/t have been reported in previous assessment reports. The company╒s address is 1100 - 888 Dunsmuir Street, Vancouver, BC V6C 3K4, 604-648-4653, fax: 604-642-0604, email: [email protected].