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|   Adelaide Project Location
The Adelaide property, part of the Gold Run Mining District which has been active since the late 1870's, is located in northeastern Humboldt County, Nevada, about 18 miles south-east of Winnemucca. Golden Predator controls over 92,000 acres covering 3.6 miles of strike along the mineralized Adelaide structure. The property comprises 90 unpatented claims and 75 leased unpatented claims. Approximately 220 percussion and reverse circulation holes and 18 core holes have been drilled in several areas by previous operators, including the Adelaide-Crown, Margarite-Recovery veins, and the Robbers Knob area. Each of these prospects in the district has various non NI43-101 compliant historic resources and reserves announced on them. The property is located at the projected intersection of the Getchell and Battle Mountain-Eureka gold trends. The rock units underlying the property consists primarily of Cambrian Preble Formation and the Ordovician Valmy Formation which are separated by the Adelaide fault. The Adelaide property has been the focus of exploration over the last 30 years by a number of companies including Newmont. Current Work Program Golden Predator initiated a 44 drill hole drill program testing various targets along 1.6 miles of strike on the mineralized Adelaide fault zone. This program resulted in 32 reverse circulation holes and 12 diamond core holes being drilled to primarily test extensions of historic underground and surface mining. Please refer to the recent press releases at http://www.goldenpredator.com/s/NewsReleases.asp for current results. The Adelaide property is optioned in conjunction with the Tuscarora Project under an agreement with Atna Resources Corp. (formerly Canyon Resources Corporation). Golden Predator assumed the position of Atna in an underlying agreement with Newmont Mining Corporation which requires us to spend a total of US$3 million on either or both projects over a five year period to earn our interest in the projects, and issue to Atna up to US$1 million in shares of Golden Predator. Newmont retains a one time option on either project to enter into a joint venture with us whereby Newmont would hold a 51% and Golden Predator a 49% interest. Photos
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