Golden Predator Announces Updated Technical Report; Oxide Gold Resource Ounces Increase more than 50% at Brewery Creek Mine, Yukon
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.