News Releases

April 30, 2008
Golden Predator Intersects Tungsten Mineralization in Surface Drilling at the Springer Mine

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

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