Golden Predator

Golden Predator, V.GPY, gold, Yukon, Bill SheriffGolden Predator Mining Corp. is a well-funded exploration company focused on advancing the 3 Aces Project in Canada’s Yukon.

With experienced management and a strong shareholder base, the Company is well positioned for stable development. Our focus is on the potential for discovery and definition of gold mineralization at the 3 Aces Project.

3 Aces Project: A high grade orogenic vein system that hosts the two highest grade surface outcrops discovered to date in the Yukon. With high grade native gold bearing quartz veins at surface and an expansive land package, the project offers district scale potential.

The primary focus at 3 Aces is to identify and define the distribution and grade of gold in the known veins and to discover additional high-grade veins.

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Conference Season

In the junior mining business, there are conferences going on all the time. However, September is particularly conference heavy. The Metals Investors Forum just wrapped up in Vancouver and now many companies are at Beaver Creek Summit in Colorado. Then it is on to the Denver Gold Show next week.

You can see Beaver Creek presentations live here.

Over to your right you can watch Janet Sheriff give the Golden Predator presentation at the Metals Investors Forum. This is an excellent presentation with a focus on GPY’s Brewery Creek project in the Yukon.

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Golden Predator Mourns the Passing of Dennis Fentie, Former Director, Friend and Former Premier of the Yukon

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company” or “Golden Predator”)  sadly reports that former Golden Predator Director and Yukon  Premier Dennis Fentie has lost his brave battle with cancer, passing away on August 29th, 2019. Dennis passionately and tirelessly served the Yukon for 10 years as Premier before re-entering the private sector where he brought the same passion, wisdom and enthusiasm as a key member of the Company’s board until his resignation two weeks ago.  On behalf of the Board of Directors, management and staff we offer our sincere condolences to his widow Lorraine and his extended family and friends.

“We all have lost a friend and a passionate advocate for the Yukon’s mining industry and the Yukon,” said William Sheriff, Executive Chairman. “A tireless leader, Dennis fully embraced our agenda to meaningfully contribute to community development and expansion of the Yukon’s mining sector as we build a strong company for our shareholders.  We are a stronger and better company due in large part to his influence and our hearts go out to Lorraine, his family and friends at this time.  His life is to be celebrated and his unparalleled contributions to the Yukon and our Company have left a legacy for the future.”

Golden Predator Mining Corp.
Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and low capex to production in a safe first world jurisdiction, Brewery Creek has a clear path to production as an economically and environmentally known project. Optimization studies are progressing to enhance the already positive multi-phase project economics described in the 2014 Preliminary Economic Assessment. Drilling continues to expand the open-ended resources and untested targets across the 186 km2 brownfield property.

At the 3 Aces project, Golden Predator continues to expand on discoveries of native gold in quartz veins while ongoing bulk sampling and processing at the 50 tpd Company-owned processing plant has demonstrated gold recoveries of over 85% using a chemical-free process. This green gold provides the gold for the mintage of .9999 gold coins from the Yukon Mint™, a wholly owned subsidiary of Golden Predator.

For additional information:
Janet Lee-Sheriff                                                                                                            

Chief Executive Officer                                                                                               
Golden Predator Mining Corp.
(604) 260-8435
info@goldenpredator.com
www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements express or implied regarding completion of the transactions described herein, the upcoming season at 3 Aces project, and  projected grades and gold and silver recoveries from the 2018 and proposed 2019 bulk sample program, Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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Golden Predator Provides Mining Restart Notice For Brewery Creek Mine To Yukon Government; Updates on Bridge Upgrade

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company” or “Golden Predator”) is pleased to announce the Company has provided formal notice to the Yukon Government (Yukon) to move the Brewery Creek Mine into the production phase from temporary closure status. The notice formally advises Yukon of the commencement of development/production activities on the Brewery Creek site and has been accepted by Yukon. The Company now has all the necessary licenses, permits and authorizations to commence mineral development activities and mineral production activities as permitted in the Quartz Mining License and Water License. The Brewery Creek Mine, in Canada’s Yukon, is a fully licensed past producing gold mine with existing infrastructure and established resources allowing for a timely restart of mining activities.

Significant Activities:

  • In addition to the formal restart notice as required under the Quartz Mining Act, the Company has provided the Government of Yukon with its Reactivation Plan outlining development activities licensed under the current Quartz Mining License and Water Licence;
  • The Lee Creek Bridge on the Brewery Creek Mine access road (North Fork Road) has been upgraded to a steel span bridge by the Government of Yukon. Work is completed and the new bridge is operational;
  • Heavy equipment has mobilized to the Brewery Creek Mine site and has commenced with haul road improvements and clearing of the licensed cells on the heap leach pad; and
  • Exploration and development drilling has expanded to include a 2nd reverse circulation drill rig and a diamond core rig.

All notices and plans are provided in advance to the Tr’ondëk Hwëch’in First Nation in keeping with the Company’s efforts to meet and exceed industry standards for engagement, information sharing and its Socio Economic Accord for the Brewery Creek Mine.

Brewery Creek Mine, Yukon: Resources and Past Production 

The Brewery Creek Mine is a licensed brownfields heap leach gold mine that was operated by Viceroy Minerals Corporation from 1996 to 2002. Brewery Creek was put into Temporary Closure in 2002 following a collapse of the gold price to below $300 US per troy ounce. Golden Predator commenced work on the project starting in 2009.  Brewery Creek is now authorized to restart mining activities that follow the previously assessed and approved mine plans without further assessment and review as defined in the Quartz Mining License and Water License. The Company intends to resume mining and processing of licensed deposits  while the Company works with Tr’ondëk Hwëch’in and Yukon Government to expand the licensed mining area to include new discoveries made since 2011.

The 180 km2 property is located 55 km due east of Dawson City and is accessible year round by paved and improved gravel roads. Significant infrastructure remains in place, allowing for a timely restart schedule under existing licenses.

The Company conducted exploration drilling on the Brewery Creek project from 2010 to 2013 and increased the resource 5 fold and completed a Preliminary Economic Assessment (PEA) resource estimation including an Indicated oxide resource of 577,000 troy ounces of gold in 14.2 million tonnes averaging 1.27 g/t gold and an Inferred oxide resources of 279,000 troy ounces of gold in 9.3 million tonnes averaging 0.93 g/t gold (includes resource areas located within and outside of production licenses as shown on map). In addition, the resource estimate contains Indicated sulfide resources of 142,000 troy ounces of gold in 3.5 million tonnes at 1.28 g/t gold and Inferred sulfide resources totaling 546,000 troy ounces of gold in 12.4 million tonnes at 1.37 g/t gold (1), although most drilling was historically terminated a short depth below the oxide mineralization, leaving sulfide potential largely untested.

The Company has a Socio Economic Accord with Tr’ondëk Hwëch’in for the Brewery Creek Mine and is licensed to resume mining activities under the current Water License and Quartz Mining Licenses. The project also has a Class IV Mining Land Use Permit to conduct additional exploration.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company.

Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and low capex to production in a safe first world jurisdiction, Brewery Creek has a clear path to production as an economically and environmentally known project. Optimization studies are progressing to enhance the already positive multi-phase project economics described in the 2014 Preliminary Economic Assessment. Drilling continues to expand the open-ended resources and untested targets across the 186 km2brownfield property.

At the 3 Aces project, Golden Predator continues to expand on discoveries of native gold in quartz veins while ongoing bulk sampling and processing at the 50 tpd Company-owned processing plant has demonstrated gold recoveries of over 85% using a chemical-free process. This green gold provides the gold for the mintage of .9999 gold coins from the Yukon Mint™, a wholly owned subsidiary of Golden Predator.

For additional information:
Janet Lee-Sheriff                                                                                                            

Chief Executive Officer                                                                                               
Golden Predator Mining Corp.
(604) 260-8435
info@goldenpredator.com
www.goldenpredator.com

(1)NI 43-101 Technical Report “Preliminary Economic Assessment for the Brewery Creek Property Yukon Territory, Canada” Release Date of November 19, 2014.
(2)Brewery Creek Technical Report, Richard Diment, PGeo May 18, 2003

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements express or implied regarding completion of the transactions described herein, the upcoming season at 3 Aces project, and  projected grades and gold and silver recoveries from the 2018 and proposed 2019 bulk sample program, Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

 

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Interview with Golden Predator CEO Janet Sheriff

Peter Bell did an interesting interview with Janet Sheriff at Golden Predator (V.GPY)

Here’s an excerpt but you should read the whole thing:

Peter Bell: Amazing. It’s one of the questions I had from a friend — are there any roadblocks to permitting at Brewery Creek? I tried to explain to him that he wasn’t asking the right question. He seemed to have missed some of the news. I wonder what’s the story of Brewery Creek, where did you get it and when did you figure out this temporary closure thing for this clear pathway forward?

Janet Lee-Sheriff: We picked it up in 2009. A gentleman by the name of Joe Harrington was involved with the reclamation of Brewery Creek and was with Alexco. He happened to be sitting on a plane next to Bill Sheriff and they got to talking about this. Bill likes the Yukon, he wanted a project and Joe said he should check out Brewery Creek. Bill was very clear that he didn’t want a project without road access. We want to see a mine go into production — not spend 20 years building a road. That’s been one of our our requirements on projects. Bill and Joe had this relationship and we auctioned Brewery Creek. A few years later, we ended up buying the whole thing, 100%. We spent three years exploring it and increased five-fold in three years. We had a great success rate in exploration, 80%. We stopped because of market conditions and the challenges that we were running into for licensing. We just waited for the right time. About a year ago, I started looking at the licenses because they have timelines and I didn’t want them to hit those timelines. I could not find proof that it was in permanent closure, as I was being told. I spent months in the data room pulling everything, reading it, building a chronology, and finding the source of the information. We had contact with Tr’ondëk Hwëch’in First Nation and I made the case to them. I showed it to them, they did their due diligence, and they agreed my opinion was correct. We presented it to the government. The government said we were correct. It’s fully licensed. Your friend is very representative of most people, “You’ve got a license, now you need some sort of approval?” No.

Janet Lee-Sheriff: I think we have to keep repeating the message that we’re fully licensed for an immediate restart. We need money, but we’ve got to get the license and then get the team before we get the money. It’s over a gram per tonne in a first-world jurisdiction — not too many new mines sitting there in North America ready to go.

Janet Lee-Sheriff: We’re pretty comfortable, but it’s hard to absorb that no we’re absolutely ready to go now. We had to apply for a fuel storage permit in order to increase the size of our tank on site and that was it. We did it and now we’re done.

Peter Bell: Amazing. It may be that people are waiting for some exploration drill results or some surface sampling or drilling in the old heap to give some sense more guidance on what next? It’s not so clear to me that they will get the routine sets of information that they might expect from a developer because you are jumping into the queue at an unconventional spot — a pretty advanced spot. To just have this appear is perfect for a gold bull market and a bullish summer!

Janet Lee-Sheriff: Yes, you’re right we are we are not the typical story facing the same timeline as others. People will get it, I have no doubt. It’s just a matter of us communicating in a really clear way.

Peter Bell: And your actions speak loudly, too. Building up the team is an important message. I wonder about guidance looking forward on news flow? Should we be waiting and watching for any exploration work at Brewery Creek in the near term, or is the immediate path forward to do with other things more around financing?

Janet Lee-Sheriff: I think you’re going to see both. There is a lot of exploration work and we will have three rigs going. We’re doing some core drilling — deep. We’ve always stopped once we hit the sulphides at Brewery Creek, but the sulphides are there and there’s a resource on them. We found some old studies from the Viceroy days where they looked at bio-oxidation on the sulphides. We really want to put in some deep holes on the sulphides and start to explore that potential. We think it’s there.

Janet Lee-Sheriff: We’ve got a large oxide program planned, too. Those results will come out over time. The first twenty holes are already done. We’ve also been doing some sampling. When you were at Brewery Creek, I don’t know if they took you by the cliffs — the big orange cliffs — but we did some soil sampling there. We just can’t believe that there’s been very little exploration in the southern part of the project. That’s already underway. Looking at the heap, what we’re doing there will come out. There will be a steady news flow from this place.

Full interview at CEO.CA

(Editor’s note: We’ve been watching Peter Bell’s whirlwind of activity on twitter, Linked-In and at CEO.CA. Had a pleasant beer or two with Peter a couple of weeks ago and he is just as smart in person as he is in social media. So, from time to time, we will be featuring Peter’s work at motherlodetv.net. Peter is entirely independent and will disclose positions as and if necessary.)

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Golden Predator Welcomes Additions to the Brewery Creek Technical Team

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company” or “Golden Predator”) announced today that Robin Fraser of Canadian Northern Mining Corp. and James Hesketh of Kalex LLC. have joined the Golden Predator team as contractors providing engineering, mining and metallurgical services to the Brewery Creek Mine in Canada’s Yukon.  The Brewery Creek Mine is a fully licensed past producing gold mine with existing infrastructure and established resources.

Robin Fraser | Mining & Metallurgy

Robin Fraser and his team at Canadian Northern Mining Corp. have completed many mining construction, operation & maintenance projects worldwide and provide expert personnel, detailed evaluations and optimization plans.  Joining Golden Predator initially to enhance and optimize the Company’s bulk sample processing plant, Robin and team will expand their involvement, working towards the restart of the Company’s Brewery Creek Mine. Canadian Northern Mining has an established track record in early design, construction, start up and day to day operations. They will continue providing processing plant management, operations, maintenance and laboratory services for the 3 Aces bulk sampling project.

James Hesketh M.Sc. MMSA | Engineering

James Hesketh has 35 years experience in open pit heap leach operations and management.  His strong background in mining finance, mine engineering, development and operations includes senior positions with Atna Resources Ltd, Canyon Resources Corporation, NM Rothschild & Sons (Denver) Inc., Cyprus Amax Minerals Company, Pincock Allen & Holt, Inc., and Dresser Industries Inc.  He brings previous knowledge of the operations of the Brewery Creek Mine where he headed up the economic evaluation of the project for Rothschild’s.  One of the few engineers with actual year round commercial operational experience in the Yukon, he operated an open pit barite mine and processing plant in the SE Yukon during the 1980s.  He is qualified to assist with mineral valuation, financial and mining costing, infrastructure and project management. He holds a B.S. in Mining Engineering and a M.S. in Mineral Economics, both from the Colorado School of Mines.

Director Resignation

The Company advises that Dennis Fentie has resigned, effectively immediately, from the Board of Directors due to personal reasons. Mr. Fentie has been instrumental in assisting management secure certainty with its Quartz Mining License and Water License in addition to providing consistent and sound strategic advice. Mr. Fentie has provided the Company with exceptional service since joining the Board in 2015 and we are immensely thankful for his dedication and service.

Stock Option Grant

The Company has granted 1,175,000 stock options to directors and officers of the Company.  The stock options are exercisable for a term of three years at an exercise price of $0.37 per common share.  Vesting will occur over a period of eighteen months, with an initial 25% of the stock options vesting immediately, followed by an additional 25% of the stock options every six months thereafter until fully vested.

Brewery Creek Mine, Yukon: Resources and Past Production 

The Brewery Creek Mine is a licensed brownfields heap leach gold mine that was operated by Viceroy Minerals Corporation from 1996 to 2002. Brewery Creek was put into Temporary Closure in 2002 following a collapse of the gold price to below $300 US per troy ounce. Golden Predator commenced work on the project starting in 2009.  Brewery Creek is now authorized to restart mining activities that follow the previously assessed and approved mine plans without further assessment and review as defined in the Quartz Mining License and Water License. The Company intends to resume mining and processing of established resources remaining within the existing licensed and permitted areas while the Company works with Tr’ondëk Hwëch’in and Yukon Government to expand the licensed mining area to include new discoveries made since 2011.

The 180 km2 property is located 55 km due east of Dawson City and is accessible year round by paved and improved gravel roads. Significant infrastructure remains in place, allowing for a timely restart schedule under existing licenses.

The Brewery Creek Mine has a Preliminary Economic Assessment (PEA) resource estimation including an Indicated oxide resource of 577,000 troy ounces of gold in 14.2 million tonnes averaging 1.27 g/t gold and an Inferred oxide resources of 279,000 troy ounces of gold in 9.3 million tonnes averaging 0.93 g/t gold (includes resource areas located within and outside of production licenses as shown on map). In addition, the resource estimate contains Indicated sulfide resources of 142,000 troy ounces of gold in 3.5 million tonnes at 1.28 g/t gold and Inferred sulfide resources totaling 546,000 troy ounces of gold in 12.4 million tonnes at 1.37 g/t gold (1), although most drilling was historically terminated a short depth below the oxide mineralization, leaving sulfide potential largely untested.

The Brewery Creek Mine holds a Socio Economic Accord with Tr’ondëk Hwëch’in and is licensed to resume mining activities under the current Water License and Quartz Mining Licenses. The project also has a Class IV Mining Land Use Permit to conduct additional exploration.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company.

Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and low capex to production in a safe first world jurisdiction, Brewery Creek has a clear path to production as an economically and environmentally known project. Optimization studies are progressing to enhance the already positive multi-phase project economics described in the 2014 Preliminary Economic Assessment. Drilling continues to expand the open-ended resources and untested targets across the 186 km2brownfield property.

At the 3 Aces project, Golden Predator continues to expand on discoveries of native gold in quartz veins while ongoing bulk sampling and processing at the 50 tpd Company-owned processing plant has demonstrated gold recoveries of over 85% using a chemical-free process. This green gold provides the gold for the mintage of .9999 gold coins from the Yukon Mint™, a wholly owned subsidiary of Golden Predator.

For additional information:
Janet Lee-Sheriff

Chief Executive Officer
Golden Predator Mining Corp.
(604) 260-8435
info@goldenpredator.com
www.goldenpredator.com

(1) NI 43-101 Technical Report “Preliminary Economic Assessment for the Brewery Creek Property Yukon Territory, Canada” Release Date of November 19, 2014.
(2) Brewery Creek Technical Report, Richard Diment, PGeo May 18, 2003

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements express or implied regarding completion of the transactions described herein, the upcoming season at 3 Aces project, and  projected grades and gold and silver recoveries from the 2018 and proposed 2019 bulk sample program, Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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A Gold Mine, A Plant and a Mint: Golden Predator

We’ve been trying to get an interview with Golden Predator Mining Corp (GPY:TSXV) CEO Janet Sheriff since the beginning of July. Because Sheriff has been incredibly busy.

“I’ve been on the road a lot,” said Sheriff when we finally managed to connect. “A big reason is finalizing the approvals for the Quartz Mining License and Water License for our Brewery Creek Gold Mine in the Yukon. Following that we completed a private placement and now are busy advancing the Brewery Creek Mine, with drilling and site improvements underway.”

Golden Predator has two active projects in the Yukon: the Brewery Creek Gold Mine, a past-producing, licensed mine in the centre of the territory, 45 kilometres from Dawson City, and the Three Aces project which is an exploration project in the South Eastern corner of the territory. GPY also owns and runs the Yukon’s first test processing plant and the Yukon Mint which and produces gold coins and bar. All of which means Sheriff and her husband and GPY Chair, William Sheriff are flat out busy.

“Brewery Creek operated from 1996 to 2002 and closed when the gold price fell below $300/ounce explained Sheriff. “However, looking at the paperwork over the past year I saw this was a temporary closure. Which I was pretty sure meant that, legally, the Quartz Mining Licence and the Water License were still valid. We needed confirmation from the Yukon Government and the support of Tr’ondek Hwech’in First Nation which we received following their due diligence.”

“Tr’ondek Hwech’in has been very supportive and we are very appreciative of the support to reopen the Brewery Creek Mine under existing licenses,” said Sheriff. “We met with Tr’ondek Hwech’in and presented our information, then they completed their own due diligence and agreed with our assessment of the license as did the Yukon Government. I wasn’t surprised, we had our facts correct.  We have a mine,  a proven project, both economically and environmentally, on a brownfields site that provided economic benefit locally while also acting in an environmentally responsible manner that can open again under the already assessed and licensed mine plan.”

The great advantage of Brewery Creek is that it can be put back into production quickly with a very low CAPEX.

“We have a resource of approximately 850,000 oxide ounces of gold with a significant amount of infrastructure already in place,” said Sheriff. “a heap leach pad with 10 licensed cells but only 7 built gives us room to grow quickly under existing permits. And our first step will be to reprocess the ore currently on the heap leach pad. “

“We intend to reprocess the 10.4 million tons of rock which are already on the heap leach pad,” said Sheriff. “The former operator was taking “run of mine” rock and leaching it. Which means they were only getting a little over 50% recovery. And with 10.4 million tonnes on the heap, we can recover ounces already mined by reprocessing, essentially crushing and restacking, balancing the pH on the heap and removing any leaching pathways created  that would reduce the efficiency of the operation.”

Starting Brewery Creek back up with the rock in the leach cells and the stockpile rock could mean, if everything goes perfectly, building up the mine in about 18 months.

“We’ll get a lot done this year. Pre-strip, clear more roads, check the existing foundations,” said Sheriff. “We are licensed to install a camp, have our septic system, a road to Dawson City which is only 45 kilometres away.”

“We’ll also be drilling to expand and upgrade resource at Brewery Creek to help extend the mine life,” said Sheriff. “Last year we found six good targets, drilled three of them and hit three times. We can expand our mining area by way of amending our existing licenses which is in the plan. Most of the drilling has been shallow for oxide resources and we have found sulfide at depth. Long term, we also plan to look to expand the sulfide potential and consider different processes in the future.”

(Golden Predator put out a press release August 7, which outlines the Brewery Creek work program in detail.)

A thousand kilometres away is Golden Predator’s Three Aces exploration project. When I visited Three Aces two years ago it was very clear that the geology of the project was challenging.

“At 3 Aces the gold occurs like pearls on a string,” said Sheriff. “You get high-grade gold where a cross structure crosses the main structure. It’s complicated but we are understanding it. Our understanding changed with our late season drilling last year.”

“This is old school, boots on the ground, type of exploration,” said Sheriff. “The challenge is how to identify where those cross structures actually are. Trenching and sampling work at 3 Aces.”

Part of the 3 Aces puzzle is that the high grade is actually off the scale but nearly impossible to accurately drill test. So Golden Predator decided to bulk sample to try to get a handle on the grade. However, to test the bulk sample GPY had to actually process the rock which led to the construction, in 2016, of a bulk sample pilot processing plant. This plant has been upgraded significantly and is now capable of processing 50 tonnes per day of material.

The bulk sampling and processing program achieves two goals. First, in conjunction with closely spaced drilling, it gives GPY the ability to continuously evaluate the quality of drill hole assays, rock mechanics, optimal drill spacing for resource delineation and optimal metallurgical recovery. Second, it produces gold.

“Our plant sorts into three concentrates,” said Sheriff. “The high grade, what we call “the middlings” and the rest. The rest runs 3-5 gpt gold. The middlings are high grade in the thousands of grams per ton. And the high grade is free-milling nuggety gold from which we pour doré bars.”

“In addition to working to test processing without chemicals and getting over 80% recovery, we have moved into testing the middlings. We had been sending the middlings to a smelter but we were not impressed with the results,” said Sheriff. “So, we decided to try to process the middlings ourselves. We’ve just started but we’ve developed a proprietary, cyanide free process which has worked well in the lab and we will field test it soon. We’ve filed a provisional patent and we’re now pilot testing the process and excited to see if it might work. Next, what to do with the rest and at 3 to 5 gpt we have some ideas.”

Meanwhile, the main processing plant should be done with the 2018 bulk sample later this year.

The obvious advantage to processing the bulk sample is that Golden Predator is a rare exploration company which has pre-production revenue. It also means that Golden Predator’s Yukon Mint has a steady supply of gold to turn into coins and bars. The mint struck its first coin in 2018 and this year will be issuing two new coins based on designs from Kaska Nation artists.

Golden Predator has just completed a 9.3 million dollar private placement with legendary gold investor Eric Sprott taking 5,000,000 non-flow-through Class A common shares sold through the offering increasing his total ownership to 13 million Class A common shares of the Company. A huge vote of confidence and more than enough funding to help advance Brewery Creek and keep up the exploration and bulk sampling effort at 3 Aces.

Janet Sheriff is going to be busy for quite a while as Golden Predator moves towards mining gold at Brewery Creek and closer to understanding the rich geology of 3 Aces. Which means that there will be a steady news flow from both projects with a heavy emphasis on the near-term production visibility at Brewery Creek, just in time for the current rally in the price of gold.

 

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Golden Predator Advances Reopening of the Brewery Creek Mine

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company” or “Golden Predator”) announced today that it has commenced site improvements and an accelerated exploration/development drilling program at its fully licensed 100%-owned Brewery Creek Mine near Dawson City, Yukon.  Site development work is underway following the receipt of formal notification from the Yukon Government  confirming the validity of the current Quartz Mining License and Water License which permits the immediate start of work to reactivate the Brewery Creek Mine. The 2019 exploration drilling program will test numerous targets across the property with the objective of expanding and upgrading the existing mineral resource.

Golden Predator Chief Executive Officer Janet Lee-Sheriff said “This is the ideal time to intensify our Brewery Creek Mine work program which has been ongoing since 2009. This mine shut down in 2002 due to a collapse in the gold price, not a failure of its technical underpinnings or a lack of gold resources. With the recent resurgence of the gold price and the lack of licensed projects in North America, we believe we can create significant new value by adding resources and working towards a near-term start-up of a relatively high grade heap leach project that has extensive economic and environmental information to support a viable operation.”

To view the Brewery Creek Mine project and maps please visit:
http://www.goldenpredator.com/_resources/news/BC_Work_Plan_2019_NR.pdf

Golden Predator intends to proceed with a feasibility study on the Brewery Creek Mine, and thereafter, should the feasibility study support a production decision,  proceed to production in a safe, environmentally respectful manner that can provide economic benefit to the company, the local community, the Tr’ondëk Hwëch’in  (TH) and the Yukon. Exploration and engineering studies to date as disclosed in the Preliminary Economic Assessment dated November 19, 2014 (“PEA”), have shown that the property can potentially be brought back into operation, initially by re-processing the existing heap leach pile and mining the known near-surface oxide resources.

At present, one reverse circulation drill rig is operating at the Brewery Creek Mine and has already completed 1,200 m of drilling. Two additional drill rigs are planned to commence drilling in mid-August 2019. In addition, the Company is mobilizing heavy equipment to commence pre-construction work in preparation for mine reconstruction which is expected to begin in earnest in 2020.

Work Program: Brewery Creek Mine

The Company has commenced work to put in place infrastructure as approved under its Water License and Quartz Mining License which permits mining at  a rate of 4.0 million tonnes of mineralized material per year with gold processing and recovery by sodium cyanide heap leaching and activated carbon recovery.

The licensed Brewery Creek Mine consisted of a permanent heap leach pad, an adsorption-desorption and gold recovery (“ADR”) plant, process and overflow ponds and ancillary facilities. The ADR plant and the laboratory building were removed but the concrete foundations were preserved; testing is underway to assure their ability to be returned to use. The work plan commencing in 2019 and continuing through 2020 is designed to:

  • Re-establish east access road to ADR plant and sediment/erosion control structures;
  • Re-establish west access road to ADR plant site and sediment/erosion control structures;
  • Remove soil cover from concrete foundations of former ADR plant and assay lab and surrounding area;
  • Re-grade as needed and re-line three solution ponds;
  • Expand the existing camp as permitted;
  • Clear brush, remove and stockpile topsoil and silt materials, prepare the soil foundation for installation of liners and leak detection systems on cells  8, 9 and 10 of the leach pad area;
  • Re-construct infrastructure, ADR plant, power plant, assay lab, warehouses, maintenance shop, office buildings in permitted locations from earlier operations;
  • Construct crushing, processing and conveyor stacking systems;
  • Re-habilitate haul road to Fosters licensed for ore extraction and waste disposal;
  • Extract mineralized material from licensed pits (Pacific, Blue, Moosehead, Canadian, Fosters, Kokanee, Golden and Lucky);
  • Commence monthly water sampling/quarterly groundwater sampling at established compliance sites;
  • Expand environmental studies, including monthly sampling at newly established hydrological baseline sites, and quarterly sampling at newly installed groundwater monitoring wells;
  • Refine and update economic studies on mine plans to include new information developed since the 2014 Preliminary Economic Assessment (PEA) including the commissioning of a Feasibility Study for the initial phase of reactivation.

The plans summarized above, including a Feasibility Study, are focused on steps necessary to permit a decision to proceed with production of gold from oxidized heap-leachable mineralized material.  A significant amount of sulfide material exists at Brewery Creek and while portions of this material are not receptive to heap leaching, other recovery methods will be investigated including but not limited to bioxidation.  A commercial production decision would be based on a feasibility study.

Additional exploration success is anticipated to further extend the mine life beyond the 8 years originally contemplated in the PEA.  The Company considers the PEA to be current pending completion of the additional work described above.  While the development work and initial production activities are being carried out, Golden Predator will continue to explore, develop and submit amendments to the licenses covering additional areas in order to extend the life of mine.

The PEA is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.

Drilling and Ongoing Exploration Work

The Company is accelerating its successful exploration and development drilling program which began in 2009 and was interrupted in 2012 after having increased NI 43-101 resources five-fold from an Indicated Resource of 3.98 million tonnes @ 1.135 g/t gold (145,000 contained ounces) and an Inferred Resource of 2.2 million tonnes @ 2.01 g/t gold (142,000 contained ounces), to17.61 million tonnes @ 1.27 g/t gold (719,000 contained ounces) and an Inferred Resource of 21.717 million tonnes @ 1.18 g/t gold (825,000 contained ounces of gold).  Oxide only resources were reported at 14.1 million tonnes @ 1.27 g/t gold Indicated (577,000 ounces gold) and 9.3 million tonnes @ 0.93 g/t gold Inferred (279,000 ounces gold)(1, 2) . The Company has experienced a high exploration drilling success rate at Brewery Creek with over 80% of the holes having intercepted significant mineralization. Only limited drilling has been conducted since 2012, primarily for metallurgical and geotechnical analysis. Many targets remain open or untested across the 180 km2 property.

The 2019 Q3/Q4 drilling at Brewery Creek will consist of development, exploration and metallurgical drilling along with continuing prospecting and target generation along strike extensions of mineralized trends.

A minimum of 6,000 m of drilling will be completed in 2019. Two reverse circulation rigs will complete a minimum of 4,500 m of development drilling within the central portion of the Reserve Trend to expand currently defined gold resources along strike. The development drilling will focus on the productive Fosters-Kokanee-Golden-Lucky (FKGL) corridor.

Exploration drilling will continue along the 4.5 km long Classic/Lone Star structural corridor.  A minimum of 1,500 m of drilling will test over 1 km of additional strike length on the un-drilled southern extension as well as the sparsely drilled northern extension of the mineralized corridor.

At least 500 m of PQ core will be obtained from sulfide gold mineralization from the Fosters-Kokanee-Golden-Lucky corridor for bio-oxidation testing.  This work will follow up on a document from the previous operator that reported positive metallurgical results from bio-oxidation of sulfide material.  Bioxidation has advanced considerably in the past 30 years since this initial test and could, if successful and economical, unlock the large sulfide resources underlying the oxide mineralization across the property. (2)

Bulk Sampling, Process Optimization-Reprocessing Remaining Gold in Heap Leach Pads

Historical records available to the Company from prior operations by Viceroy Minerals Corporation for the period of approximately 1996 through 2002 indicate that the prior operator of the mine placed 10.43 million tonnes on the heap leach pad at an average grade of 1.5 g/t gold containing approximately 525,094 ounces of gold.  Refinery records state that 277,170 ounces were produced from the heap leach pad, which based solely on those historical records would result in 247,924 contained ounces in the existing heap leach pad.

Note that the above estimates, including estimates of tonnage and grade from prior operations, are considered historical estimates.  Historical information has not been classified as a current mineral resource.   A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource or mineral reserve.  The issuer is not treating the historical estimate as a current mineral resources or mineral reserves.  Data was provided in extensive historic mining, ADR recovery and refinery reports available to the Company and are believed to be relevant and reliable.

The estimates based on the historical data contrast with a 2011 mineral resource estimate on the material located on the heap leach pad, which  provided an Indicated Resource of 2.977 million tonnes @ 0.88 g/t gold (84,000 ounces of gold) plus an Inferred Resource of 1.682 million tonnes @ 0.60 g/t gold (32,000 ounces of gold)(1).   Several factors are believed to have contributed to the more conservative assessment in the 2011 mineral resource estimate including attempting to utilize standard drill hole-based resource modelling protocol for in-situ unmined material on modeling a multi-sourced, variably graded, already mined, hauled and mixed body of gold bearing material.  In addition, there are tens of thousands of assay and data points including 2445 exploration drill holes and the resultant individual deposit resource modelling used in the mining of the deposits, blast hole data from every mined bench and detailed reports and records from the ADR plant as well as the refinery used to report the historic figures.

By contrast, the 2011 estimates utilized  18 sonic drill holes, located on an approximate 100 m grid, drilled to a maximum depth of 22.86 m containing 177 samples, each one representing a 5 foot interval from a sonic drill hole, whose results were included in the NI-43-101 resource estimate.  There was an additional 3.366 million tonnes considered to be “waste” (Table 16-9 of the PEA) from the total 8.025 million tonnes to be removed from the heap leach pad for a strip ratio of 0.72.  The limited drill data and the limitations of modelling mined material, as discussed above, result in the model treating a significant portion of the material as “waste” on a heap leach pad.   The Company views that the classification as waste addresses the limitations of the drill program, however by definition material placed on a heap leach pad would typically not include waste, as only mineralized material is intended to be placed on it for extraction of gold.  The proposed additional work on the leach pad as described below is intended to address this limitation.

Leach pad mineralized material was originally placed as run-of-mine, uncrushed material which resulted in a low overall gold recovery of approximately 52%.

The sonic drill hole samples from 2011 were composited to create material for four column leach tests, crushed to 80% passing 9.5mm, and then subjected to column leaching for 141 days. The four columns returned recovery values ranging from 42.9% to 57.3% averaging 52.1%. This work demonstrated the potential to recover substantial additional gold from heap leach pad inventory.

Additional testing of the heap leach pad will be conducted In order to address the limitations described above for the 2011 resource estimate.  This additional work will include drilling and bulk sampling to be completed this year to further test leach recovery characteristics and to determine optimal crushing size versus recovery tradeoffs from a series of column leach tests to be conducted with different crush size material including 1”, ¾”, ½” and ¼”.  In addition, the bulk sampling material will be tested to determine crusher feed parameters for the heap material to be reprocessed as well as heap stability and stacking characterization.  Crushing and re-processing heap leach inventory is a permissible activity under existing licenses.

Leach Pad Expansion Pre-Stripping

The original heap leach was designed in 10 cells, with only 7 cells built to date. The pad is currently licensed to hold 15 million Tonnes of mineralized material of which 10.43 million Tonnes are currently in place.  Accordingly the remaining 3 cells will be built under this plan to accommodate the remaining tonnage permitted under the license, including new mineralized material or crushed heap lead pad material for reprocessing.  Work will commence in 2019 to clear brush and remove topsoil from the remaining leach pad construction area and to prepare the surface for placement of additional leach pad liner in 2020.

Haul Road Reconstruction

Approximately 12.5 km of haul roads were constructed to haul ore from the open pits at Brewery Creek to the leach pad. In addition to these main haul roads, a number of secondary haul roads were constructed to gain access to individual pit benches and waste rock piles. The existing haul roads require removal of soil/growth media that was placed over the width of the road and drainage crossings will be re-established with installation of culverts.  In some instances, the width of the haul roads will be increased as necessary for optimal safety and operating conditions. Mining of the Brewery Creek deposits will be done by conventional open pit methods with pits designed for each deposit and linked to the leach pad and mine services area via the 12.5 km of existing haul roads.

Brewery Creek Mine, Yukon: Resources and Past Production 

The Brewery Creek Mine is a licensed brownfields heap leach gold mine that was operated by Viceroy Minerals Corporation from 1996 to 2002. Brewery Creek was put into Temporary Closure in 2002 following a collapse of the gold price to below $300 US per troy ounce. Golden Predator commenced work on the project starting in 2009.  Brewery Creek is now authorized to restart mining activities that follow the previously assessed and approved mine plans without further assessment and review as defined in the Quartz Mining License and Water License. The Company intends to resume mining and processing of established resources remaining within the existing licensed and permitted areas while the Company works with Tr’ondëk Hwëch’in and Yukon Government to expand the licensed mining area to include new discoveries made since 2011.

The 180 km2 property is located 55 km due east of Dawson City and is accessible year round by paved and improved gravel roads. Significant infrastructure remains in place, allowing for a timely restart schedule under existing licenses.

The Brewery Creek Mine has a Preliminary Economic Assessment (PEA) resource estimation including an Indicated oxide resource of 577,000 troy ounces of gold in 14.2 million tonnes averaging 1.27 g/t gold and an Inferred oxide resources of 279,000 troy ounces of gold in 9.3 million tonnes averaging 0.93 g/t gold (includes resource areas located within and outside of production licenses as shown on map). In addition, the resource estimate contains Indicated sulfide resources of 142,000 troy ounces of gold in 3.5 million tonnes at 1.28 g/t gold and Inferred sulfide resources totaling 546,000 troy ounces of gold in 12.4 million tonnes at 1.37 g/t gold (1), although most drilling was historically terminated a short depth below the oxide mineralization, leaving sulfide potential largely untested.

The Brewery Creek Mine holds a Socio Economic Accord with Tr’ondëk Hwëch’in and is licensed to resume mining activities under the current Water License and Quartz Mining Licenses. The project also has a Class IV Mining Land Use Permit to conduct additional exploration.

From 1996 to 2002 approximately 280,000 oz gold were produced from seven near-surface oxide deposits along the property’s Reserve Trend.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company.

Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and low capex to production in a safe first world jurisdiction, Brewery Creek has a clear path to production as an economically and environmentally known project. Optimization studies are progressing to enhance the already positive multi-phase project economics described in the 2014 Preliminary Economic Assessment. Drilling continues to expand the open-ended resources and untested targets across the 186 km2 brownfield property.

At the 3 Aces project, Golden Predator continues to expand on discoveries of native gold in quartz veins while ongoing bulk sampling and processing at the 50 tpd Company-owned processing plant has demonstrated gold recoveries of over 85% using a chemical-free process. This green gold provides the gold for the mintage of .9999 gold coins from the Yukon Mint™, a wholly owned subsidiary of Golden Predator.

For additional information:
Janet Lee-Sheriff                                                                                                            

Chief Executive Officer                                                                                               
Golden Predator Mining Corp.
(604) 260-8435
info@goldenpredator.com
www.goldenpredator.com

(1)            NI 43-101 Technical Report “Preliminary Economic Assessment for the Brewery Creek Property Yukon Territory, Canada” Release Date of November 19, 2014.
(2)            Brewery Creek Technical Report, Richard Diment, PGeo May 18, 2003

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements express or implied regarding completion of the transactions described herein, the upcoming season at 3 Aces project, and  projected grades and gold and silver recoveries from the 2018 and proposed 2019 bulk sample program, Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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Golden Predator moving towards restarting Brewery Creek Gold Mine

Over at North of 60 Mining News there is an excellent article on Golden Predator’s (V.GPY) efforts to bring the Brewery Creek mine back into operation in the Yukon.

Our friend, Golden Predator CEO, Janet Lee-Sheriff is quoted as saying, “”In 2012, Tr’ondëk Hwëch’in and Golden Predator signed a socio-economic accord for the Brewery Creek project and have established a strong and respectful working relationship. Combining this with the demonstrated support of the Yukon Government to resume mining activities, without re-entering the permitting process, will provide the company a clear path forward to restart the Brewery Creek mine in a timely manner that benefits our shareholders, the First Nation, the community of Dawson (City), and the entire Yukon.”

Go read the whole thing.

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Cambridge Conference 2019 Part Two V.GPY

V.GPY, Golden Predator, Yukon, gold
Janet Lee Sheriff and Yukon Mining Minister Ranj Pillai look at Golden Predator gold

One of the things I was very much looking forward to at this year’s Cambridge was meeting, in person, Janet Lee-Sheriff, CEO of Golden Predator, (V.GPY). I’ve done several phone interviews with Janet and very much enjoyed the conversation.

Golden Predator had its booth right on the Yukon Trail. At the front of the booth, in a well-lighted plexiglass case was gold. Gold coins and gold bars from GPY’s Yukon Mint and gold flakes processed from the gold GPY is extracting from its bulk sample. Standing behind the case and looking like high end jeweler was Janet herself. Simple, elegant black dress, warm and smart and just a pleasure to speak to.  Behind Janet was her husband and Chairman of Golden Predator, Bill Sheriff.

Janet was handling the front of the shop – Yukon Mining Minister and Deputy Premier, Ranj Pillai was examining the golden merchandise –  and I had an opportunity to actually sit down and talk to Bill. GPY had a press release which would be out before market. While the details are in that release, what Sheriff told me was that GPY’s thinking about the 3 Aces deposit had swung back to its original position from a few years back. Essentially, a view that the high-grade outcrops which GPY had been exploring were, in fact, part of a large and well-controlled system. A system which continued along strike and which is open at depth.

What this means for GPY is that next season’s drilling will not need to be as extensive while being significantly more focused. Essentially, Sheriff seems to think that this season has confirmed the general outline of the 3 Aces mineralization and confirmed that there is plenty of high grade rock along with lesser grades.

Which I suspect is good news for GPY’s Board of Directors and Janet Sheriff. It will mean that less money will be needed and a lot of that money will come from the sale of the gold recovered from this year’s bulk sample. For Golden Predator, every season is making the structure of the 3 Aces project clearer. I wasn’t taking notes but I was impressed when Sheriff said, “We’ve pretty much gone back to what we thought this deposit was when we started drilling.”

 

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Golden Predator Drilling Extends Major Gold-Bearing Structure at 3 Aces Project, Yukon; Continuity Confirmed 500m Down Dip and 220m Along Strike

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) today announced results of the 2018 drill program in the Central Core Area at the 3 Aces Project in southeast Yukon, Canada, which was completed to test for extensions of the high grade structures outcropping  in the Hearts Zone.   Seven HQ diamond drill holes consistently intercepted two parallel, closely spaced gold-bearing structures along 220m of strike and 500m down dip from the Hearts discovery outcrop.   This was the deepest drilling to date on the project and the structures in the Hearts Zone continue to be open in all directions along strike and at depth.

Golden Predator Executive Chairman William Sheriff commented: “Confirming the continuity and mineralization of the structures down dip and on strike, right where we projected them to be, is a game-changer in terms of demonstrating the size potential of the 3 Aces Project.  It is now clear that the high grade surface outcrops previously discovered in the Central Core Area are not isolated occurrences but rather expressions of a much larger system, which significantly expands the potential at 3 Aces.”

To view 3 Aces property and drill location maps:
http://www.goldenpredator.com/_resources/news/GPY-NR18-01-Hearts-Drilling-Maps.pdf

All seven drill holes cut the structures where they were expected and reported excellent widths of gold mineralization with localized high grades. This drilling confirms that 3 Aces Project structures have persistent lateral and vertical continuity and that these structures likely account for other high grade surface outcrops exposed along the 4.5km long Hearts-Clubs corridor and elsewhere within the 13.5 km2 Central Core Area.

Hearts Drill Program

The exploration drilling program was conceived as a first pass lateral and down dip test of the gold bearing structures that crop out at the Hearts discovery.  Drill collars were off-set along strike for 220m of the Hearts Zone towards the Spades Zone to the east.  The projection of these moderately-dipping structures was tested at various depths to 500m down dip from the Hearts discovery.  Intersections of gold-bearing structures were encountered at the predicted locations in each of these drill holes, confirming both lateral and vertical continuity.  These higher grade parallel structures lie within thick envelopes of anomalous gold mineralization.

This 2,600m drill program was designed to find extensions of the structures in the Hearts Zone and determine if they were mineralized. Relatively small diameter HQ drill tools (58.5 mm in diameter) were used to maximize the number of intersections. At surface, the Hearts discovery outcrop assays above 30 grams per tonne and samples contain abundant coarse gold. Gold values were obtained from the widely-spaced split HQ core in the 2018 program, however, they only provide an initial assessment of the gold present within the mineralized structure due to the small sample volumes.  The larger the sample, the more precise the grade estimate, as we have demonstrated in past drilling and in our ongoing bulk sampling in the Spades Zone.   Assay results from larger diameter PQ core, reverse circulation drilling and bulk sampling generate considerably larger sample volumes and produce more reliable grade estimates than split HQ drill core that has a much smaller sample volume.  Golden Predator will continue to use HQ core to explore for and confirm continuity of mineralized structures at depth and along strike but will rely on larger diameter PQ core and reverse circulation (RC) in-fill drilling for grade determination within the structures.

Composite results from the down dip drill test of the Hearts Zone are:

Hole ID1 From (m)To (m)Thickness2Gold g/t3
3A18-347
incl.
213.02
213.02
227.65
218.21
14.63
  5.19
  0.71
  1.60 
and
incl.
230.00
234.34
244.23
236.50
14.23
  2.16
  0.50
   2.33 
3A18-349
incl.
287.67
294.50
305.50
295.43
17.83
  0.93
  0.94
   7.56 
and
incl.
314.24
316.85
328.68
324.00
14.44
  7.15
  0.84
   1.35 
3A18-350
incl.
219.50
225.90
241.75
226.44
22.25
0.54
  0.57
   8.30 
and
incl.
249.61
252.13
255.85
254.05
6.24
1.92
  1.21
   3.56 
3A18-351
incl.
incl.
and incl
175.00
175.00
175.00
196.40
203.50
177.50
175.55
202.50
28.50
2.50
  0.55
  6.10
  0.93
  3.09
  6.35
   2.31
and
Incl.
220.30
228.58
248.50
239.72
28.20
11.34
  0.74
  1.15 
3A18-352
incl.
incl.
115.35
122.50
125.00
145.50
126.00
126.00
30.15
  3.50
  1.00
  0.83
  4.31
  11.55 
and
incl.
incl.
and incl.
203.00
210.65
211.65
214.50
216.40
216.40
212.50
215.00
13.40
  5.75
  0.85
  0.50
  2.88
  6.56
  31.52
   14.77
3A18-353
incl.
incl.
272.65
275.20
279.65
296.32
284.00
280.78
23.67
 8.80
1.13
  1.06
  2.37
  13.05 
and
incl.
302.72
305.73
310.00
308.13
7.28
2.40
  0.63
  1.29 
3A18-354
incl.
incl.
235.00
259.00
261.00
272.50
267.10
263.00
37.50
  8.10
  2.00
  0.64
  1.88
    6.26 

1Significant intervals are length weighted average grades chosen based on continuity of mineralization and gold grade with composite grade exceeding 0.5 g/t gold.
All holes were HQ core holes cut in half for sample submission
2All intervals are reported as drilled thicknesses; true thicknesses are estimated to be 90-100% of drilled thicknesses.
3Reported Au assay grade sourced from SGS using SGS_GO_FAA 505 method.

A key observation from this drill program is that the high-grade intercepts are surrounded by broad envelopes of lower grade gold.  This observation was not available to GPY during earlier drill programs exploring other high grade structures that crop out in the 13.5 km2 Central Core Area.  These low grade envelopes reliably signal that high-grade gold values will likely be encountered with additional closer-spaced drilling along mineralized structures within the low grade envelope. In the case of the Hearts Zone, GPY believes that the presence of the broad envelopes of mineralization surrounding the gold bearing structures suggest grade enhancement is likely with closer-spaced drilling. Utilizing this observation, GPY can now re-evaluate results from previous programs, like the Clubs Zone, to ensure that the drilling fully tested the target potential.

3 Aces Project, Yukon 

The 3 Aces Project is an orogenic gold target covering 357 km² (35,700 ha) in southeast Yukon. The Company has to date focused exploration on the 13.5 km2 Central Core Area, a broad gold-in-soil anomaly, where numerous orogenic gold-bearing quartz veins have been discovered. Exploration over the past two years has systematically advanced the project by establishing: (1) high gold grades can be reliably sampled; (2) gold mineralization is in predictable stratigraphic structural locations; and (3) gold grades have robust continuity within the recognized controlling features. Results support a stratigraphic structural model that predicts extensive lateral and vertical continuity of the 3 Aces mineral system. Orogenic gold deposits are among the world’s largest and richest such as the California Mother Lode Belt and the Juneau Gold Belt.

Sampling Methodology, Quality Control and Assurance

All analyses for the drill samples were performed by SGS Canada, Inc. with sample preparation in Whitehorse, YT and Burnaby, BC, and assaying in Burnaby, BC.  Drill samples were analyzed for gold using a 50 gram fire assay with atomic absorption finish (GO FAA505) or gravimetric finish (GO FAG505) on over limit results (>100 g/t gold).  Quality control standards include standard reference material, certified blank and field duplicate samples in every sample dispatch.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG, a Qualified Person as defined by National Instrument 43-101 and Project Geologist for the 3 Aces Project.

Golden Predator Mining Corp.

Golden Predator Mining Corp. is a gold exploration company focused on advancing key projects with significant exploration upside, good infrastructure and community support. The Company is actively advancing the Brewery Creek Project, Yukon, a past-producer with a 2014 Preliminary Economic Assessment prepared in accordance with NI 43-101. At 3 Aces Project, the high grade orogenic gold project with visible gold at surface shows structural continuity at depth.  Bulk sampling and processing at the 50 tpd Company-owned processing plant has demonstrated gold recoveries of over 85% using a chemical-free process. This green gold provides for the production of .9999 gold coins from the Yukon Mint, a wholly-owned subsidiary of Golden Predator.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-5029
info@goldenpredator.com
www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations that the private placement will complete as described herein, that the Project will advance through permitting and feasibility.  Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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