News

Sep 24, 2008

Golden Predator Intersects 1.00% Tungsten (WO3) over 11.4 Feet at Springer

Vancouver, British Columbia, September 24, 2008: Golden Predator Mines Inc. (TSX:GP) is pleased to report it has intersected, near surface, high grade tungsten mineralization in drilling at its wholly-owned Springer tungsten project in Pershing County, Nevada.

Assay highlights include:

2.24% WO3 over 4.6 feet (1.4 m) and 0.43% WO3 over 7.0 feet (2.1 m) in the Sutton South area and

1.00% WO3 over 11.4 feet (3.5 m) from the George Bed area.

(All intervals true thickness)

Golden Predator announced the first drill results ever reported from the George beds in a news release dated July 9, 2008. This target is located approximately one half mile to the northwest of the South Sutton area, for which earlier results were announced in news releases dated April 30, 2008, June 5, 2008, June 16, 2008; and June 25, 2008. Drilling in the George area lies outside of the historical tungsten resource for Springer 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.When commenting on the George bed drilling, Steve Vanry, President of Golden Predator stated: "this near-surface tungsten mineralization compares favorably in grade to the historic resource estimates for the Sutton zone at Springer and demonstrates that while General Electric designed the project around a vertical shaft, a surface target for tungsten mineralization also exists. As a result of this drilling, we recently engaged SRK Consulting of Lakewood, CO to produce a resource estimate for the George area and look forward with anticipation to the results coming from this work."

Golden Predator has completed more than 200 reverse circulation drill holes within near-surface tungsten mineralization over three separate areas on the Springer property since late 2007.. Drilling was interrupted in late August to allow for the receipt of outstanding laboratory assays and the initiation of resource modeling by SRK. Assays will continue to be reported as they come available.

Springer Mine Drill Assay Highlights

Drill Hole #

From, ft

To, ft

True Thickness, ft

WO3, %

 

 

 

 

 

Sutton South area

 

 

 

 

 

SMC-052*

70

80

7.7

0.37

SMC-052

176

182

4.6

2.24

 

 

 

 

 

SMC-073

186

200

7.0

0.43

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

George Bed area

 

 

 

 

 

SMC-139

240

250

4.2

0.66

 

 

 

 

 

SMC-159

124

128

1.8

0.56

 

 

 

 

 

SMC-169

408

418

2.1

0.83

SMC-169

426

464

8.0

0.56

including:

426

434

1.7

0.84

 

448

464

3.4

0.89

SMC-169

484

498

2.9

0.41

 

 

 

 

 

SMC-171

100

126

11.4

1.00

 

 

 

 

 

SMC-172

44

48

2.9

0.983

 

 

 

 

 

*Denotes previously released




Laboratory Analysis and QA/QC

ALS CHEMEX of Reno, NV performed all primary lab analyses. Their sample preparation procedure is described in Golden Predator's news release of April 30. The QA/QC procedures being followed by the Company for reverse circulation drilling are those recommended by William R. Gilmour of Discovery Consultants of Vernon, BC in his report dated Feb. 11, 2008 entitled: "Proposed Sample Preparation and Analytical Procedures and Proposed Quality Control / Quality Assurance Programs for a RC Drill Program Springer Property for Golden Predator Resources Inc."

Chip samples are collected at the drill on two-foot sampling intervals. All of the drilled material is recovered. Each sample for which scheelite is noted using an ultraviolet light, along with an appropriate buffer zone on each side of the mineralized sample, is sent to the ALS Chemex sample preparation facility in Winnemucca, NV. After ALS Chemex pulverizes the samples, they are returned to Springer where they are repackaged and relabeled. Prior to resubmitting the samples to ALS Chemex for analysis at their Vancouver laboratory, two tungsten standards, one of which is a blank, as well as a duplicate split pulp sample are inserted along with the pulped samples with one standard, one blank and one duplicate submitted at a minimum for every twenty samples.

Permitting at Springer

The company recently received the draft Water Pollution Control Permit (WPCP) for the Tungsten Mill for internal review. This means that the soonest that the final WPCP may be issued is late November 2008. This delay will not impact the start-up target date for operational status of the Springer mill as the company recently implemented cost-saving measures at Springer as announced in a news release dated September 17, 2008 which has delayed the Springer mill becoming operational until more favorable financial markets prevail.


Information presented here on QA/QC procedures and historical resource estimates was reviewed and approved by Art Ettlinger, Ph.D., P. Geo. the CTO 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.

Golden Predator is a tungsten and gold mining company focused on mineral development in Nevada and surrounding states. The company's aggressive growth strategy has uniquely positioned it to develop core assets in tungsten, gold and silver including 100% ownership in the Springer tungsten and Taylor silver mills in Nevada.

For further information, please contact:

Golden Predator Mines Inc.

Bill Sheriff, CEO: (972) 333-2214
Steve Vanry, President: (604) 648-4660

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.