Vancouver, BC, January 15, 2019: Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) today announced the results of an updated NI 43-101 Technical Report for the Brewery Creek project in Canada’s Yukon. Prepared by Gustavson & Associates, the report estimates that, at a gold price of $1325/oz, Indicated oxide gold resources have increased 55% while Inferred oxide gold resources have increased 78% since the previous resource estimate (2014 PEA). Indicated tonnage rose 89% and Inferred tonnage rose 85% while the Indicated resource grade declined 18% and Inferred oxide grade fell 3%, reflecting the benefit of a higher gold price assumption compared to 2014.
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) is pleased to announce that the Company has installed its fully owned 49 person all-season camp complete with dorm rooms, an 80 person industrial kitchen, recreational & mud room, and arctic corridors. The camp is in excellent condition and currently on site at the Brewery Creek Mine site located near Dawson City, Yukon. Importantly, the camp will be added to the current 24 person camp and maintenance/office facilities and will provide all the on-site accommodations required for contemplated development and operational activities at the Brewery Creek Mine.
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) is pleased to announce Mr. Michael (Mike) Maslowski has commenced his position, effective December 2, 2019 as Chief Operating Officer. Mike will lead the mine development team and is charged with advancing the Brewery Creek Mine, located near Dawson City in Canada’s Yukon, through development towards planned operations. Mike previously served as Chief Operating Officer of Golden Predator from 2011 to 2014 and his familiarity with the project will enable the fully licensed Brewery Creek to advance quickly once a production decision has been made based on the ongoing Feasibility Study.
One of the biggest issues miners face is processing the material they extract in an efficient and effective manner. For Golden Predator’s (V.GPY) 3 Aces project, bulk sampling has yielded a great deal of knowledge and with it three distinct concentrates. All are high grade, but each presents a different processing challenge.
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) today announced that is has retained Kappes, Cassiday & Associates to complete a fast-track Feasibility Study (“FS”) for Phase 1 of the Company’s production plans to reopen it’s 100% owned Brewery Creek Gold Mine located 45 minutes from Dawson City, Yukon.
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company “or “Golden Predator”) is pleased to announce tests have successfully confirmed that EnviroLeach Technologies Inc.’s (“EnviroLeach”) (CSE: ETI) (OTCQB: EVLLF) (7N2: FSE) formula effectively extracts and recovers more than 95% of the gold from sulfide concentrates produced at the Company’s 3 Aces Project. The concentrate is produced using Golden Predator’s Secondary Recovery Unit (SRU™). With this environmentally friendly technology confirmed in successive tests both in the EnviroLeach facility and at the Golden Predator bulk sample processing plant (the “Plant”), the companies have initiated a larger material test run to process up to 5 tonnes of gold-bearing sulfide concentrates to be completed onsite at Golden Predator’s Plant in Canada’s Yukon.
The Yukon Mint Corporation (Yukon Mint™, a subsidiary of Golden Predator Mining Corp.) (TSXV:GPY; OTCQX:NTGSF) is pleased to unveil the winning designs of the 2019 Yukon Gold Coin and Kaska Gold Coin. The 2019 Yukon Gold Coin beautifully features the work of artist Gord Peter’s original carving: Aha Da Ta (Eagle Man). Artist Dennis Shorty’s original work is proudly displayed on the 2019 Kaska Gold Coin: Kaska Kayeh (Kaska Land). The Yukon Mint™ produces its 2019 Limited Edition series in 1 ounce, ¼ ounce and 1/10 ounce denominations.
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company” or “Golden Predator”) reports significant gold mineralization in 9 of the 10 initial drill holes from its Fall 2019 exploration program at its 100% owned fully licensed Brewery Creek Mine project located 45 minutes from Dawson City, Yukon. Several of these holes, which were generally shallow and proximal to the existing pits, encountered higher than anticipated gold grades. The Company has focused intensely on preparing the former gold producer for redevelopment work to commence in 2020 and has undertaken an aggressive exploration program designed to expand and upgrade current resources. To date, 138 exploration drill holes have been completed for a total of 15,223 m (59,995 ft).
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company” or “Golden Predator”) reports major advances in the work program at its 100% owned Brewery Creek Mine project located 45 minutes from Dawson City, Yukon. Following the announcement (July 2019) of the approval of the Quartz Mining License and Water License at Brewery Creek, the Company has focused intensely on preparing the former gold producer for redevelopment work to commence in 2020. The Company has also undertaken an aggressive exploration program designed to expand and upgrade current resources.