Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
Golden Predator Corp. (TSX: GPD) announces the results of an additional six core holes from its winter 2011 drill program at the Carlos Zone, Grew Creek Project, Yukon. All of these holes have intersected significant mineralization including 46.7m of 3.78 g/t gold beginning at a depth of 130.4 m in core hole GC11-276 and 47.3m of 1.02 g/t gold from a depth of 47m in core hole GC11-275.
Drilling results received to date continue to confirm the position and orientation of veins and high-grade stockwork zones modeled from historic drill data. These new data fill gaps within the historic drill pattern and extend the known mineralized zones along strike and down dip. The company is looking forward to receiving the results from the final 5 core holes from the 20-hole winter 2011 program which was completed last month. The drill spacing achieved during this drilling campaign will provide the data necessary to calculate an indicated resource, which the company is working to complete later this year.
