VANCOUVER – Stock in Golden Predator Corp. (TSX:GPD) was up sharply in a down day on the markets Wednesday after the mineral exploration company announced a second major gold discovery at its flagship Brewery Creek project in the Yukon.
“We are excited with the continued success at our expansive Brewery Creek project,” said William Sheriff, chairman and CEO of the Vancouver-based company.
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“”We have been rewarded with two major discoveries at Brewery Creek, utilizing our geophysical and geochemical data, and are looking forward to further defining both the Sleeman discovery, which remains open in all directions, and the growing Bohemian-Schooner zone, as well as testing the numerous additional targets across this large property holding.”
On the Toronto Stock Exchange, Golden Predator shares closed up 20 cents, or 18.87 per cent at $1.26 Wednesday, in afternoon trading Wednesday, a day that saw Toronto’s main board down almost 268 points overall.
In response to the continuing success at Brewery Creek, the company said it planned to increase its 2011 exploration budget by $1.5 million to $7.5 million following the tripling of the annual budget announced May 31.
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