Golden Predator Mining Corp. (TSXV:GPY) (“Golden Predator” or the “Company”) announces that due to strong demand it has agreed with Clarus Securities Inc. (“Clarus”) to increase the previously announced (GP NR dated April 21, 2020) marketed offering from 10,000,000 units (“Units”) to 11,200,000 Units (the “Offering”). The offering price of C$0.25 per Unit remains unchanged. The Company has filed an amended and restated preliminary short form prospectus, which amends and restates the preliminary short form prospectus filed on April 20, 2019.
VANCOUVER, British Columbia, April 21, 2020 (GLOBE NEWSWIRE) — Golden Predator Mining Corp. (TSXV:GPY) (“Golden Predator” or the “Company”) announces that it has filed a preliminary short form prospectus (the “Prospectus”) with respect to a marketed offering (the “Offering”) of 10,000,000 units (“Units”) at a price of C$0.25 per Unit (the “Issue Price”). Each Unit consists of one Class A common share (a “Common Share”) of the Company and one-half of one Common Share purchase warrant, with each whole warrant (a “Warrant”) exercisable for one Common Share at an exercise price of C$0.35 for 36 months following the completion of the Offering. Warrants are subject to acceleration of the expiry date to 30 calendar days upon notice provided to the warrant-holder by the Company in the event that the volume weighted average price of the Common Shares is equal to or higher than $0.75 for a period of 5 consecutive trading days on the TSX Venture Exchange or other Canadian stock exchange on which the Common Shares are principally traded.
The Yukon Mint™ Corporation (Yukon Mint™) announces that due to Covid-19 the deadline for its Yukon-wide gold coin design contest has been extended to June 1, 2020. The contest is open to all current Yukon residents and offers Yukoners the opportunity to interpret the Yukon culture, history and the land by presenting a design that will be presented on the 2020 Yukon gold coin. The Yukon Mint also wishes to advise the 2018 and 2019 gold coin inventory is sold out due to strong demand. The Yukon Mint looks forward to producing additional gold coins in 2020 as part of the ongoing ‘MY YUKON’ contest.
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports that all of the final 15 holes in its 2019 drill program at its 100% owned and licensed Brewery Creek Mine project encountered significant gold grades. The drilling successfully tested an additional 1,000 m of the Reserve Trend for both near surface oxide mineralization and the continuation of mineralization down dip within structural zones below the historically mined pits. The holes released today also confirm additional high-grade mineralization in the eastern portion of the Lucky resource area.
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) announced today that it has entered into an agreement with Seabridge Gold Corp. for the sale of a 100% interest in the 3 Aces gold project located in Canada’s Yukon, for 300,000 Seabridge common shares, contingent future cash payments totaling $2.25 million and a 0.5% net smelter return royalty on the entire 3 Aces gold project. The arrangement includes an immediate cash payment to Golden Predator of $263,000 for reimbursement of previously incurred expenses. Closing of the transaction is subject to completion of due diligence by Seabridge and the approval of the applicable stock exchanges.
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports the Company remains committed to a restart of the Brewery Creek Mine and reports that leaching of column test work commenced this week at McLelland Labs in order to advance the Feasibility Study. This important test work provides critical optimization data for crush size, compaction and percolation for the reprocessing of the heap leach material.
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports continuing positive drill results from its 2019 drill program at its 100% owned and licensed Brewery Creek Mine project located 45 minutes from Dawson City, Yukon. Step-out drill holes at the Lucky Zone along Brewery Creek’s prolific Reserve Trend extended gold mineralization an additional 100 m of strike length to the southwest of the historic Lucky Pit. Nineteen of the 20 drill holes reported today encountered significant gold grades. The holes released today also confirm the down dip continuation of mineralization below the historic Lucky pit and the known resource area.
Golden Predator Mining Corp. (TSX-V: GPY) (OTCQB: NTGSF) (the “Company“) announced today that the Company has signed an Letter of Intent (“LOI”) with EnviroLeach Technologies Inc. (CSE: ETI) OTCQB: EVLLF) and enCore Energy Corp. (TSX-V: EU) (OTCQB: ENCUF) to establish Group 11 Technologies Inc (“Group 11”), a US-based technology firm focused primarily on non-invasive extraction technology utilizing environmentally-friendly liquids to recover gold and other metals.
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company “or “Golden Predator”) reports continuing success in field testing of EnviroLeach Technologies Inc.’s (“EnviroLeach”) (CSE: ETI) (OTCQB: EVLLF) (7N2: FSE) non-cyanide environmentally-friendly solution in Golden Predator’s Secondary Recovery Unit (SRU) at its Yukon test processing plant (“Plant”). Eleven test batches totaling approximately 2 tonnes of the previously announced 5 tonne test sample resulted in 93.17% recovery of contained gold yielding 132.23 ounces of gold doré. Recoveries improved as the tests advanced with the final five test batches yielding 96.8% recovery of gold. These highly gratifying results confirm that processing and recovering environmentally friendly gold from high grade sulfide concentrate can be achieved with greater efficiency than cyanide, with far less environmental risk and far fewer regulatory requirements.