Golden Predator is advancing the past-producing Brewery Creek Gold Mine towards a resumption of mining activities, under its Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading ~ 1.0 g/t Gold and low capex to production in a safe first world jurisdiction, the turnkey Brewery Creek Mine is proving a path to production. Drilling continues to expand the numerous open ended resources and untested targets across the 180 km2 brownfield property.
The Brewery Creek Project is a past producing heap leach gold mining operation, operated from 1996 to 2002, temporarily closed due to low gold prices. The 180 km2 property is accessible by road 55 km east of Dawson City, Yukon. Brewery Creek has NI 43-101 Indicated mineral resources of 765,000 oxide gold ounces contained in 21.14 million tonnes of material with an average grade of 1.13 g/t, and Inferred mineral resources of 440,000 oxide gold ounces contained in 14.12 million tonnes with an average grade of 0.97 g/t.1 The Brewery Creek Project has a Socio Economic Accord with the Tr’ondek Hwech’in.
|October 2019 Brewery Creek Mineral Resource Estimate(1)|
The wholly-owned subsidiary, the Yukon Mint™, is focused on creating gold coins that will be Yukon in almost every aspect, from raw material to design. The Yukon Mint™ works to ensure local communities benefit from Yukon mining and exploration projects.
The Company holds a 20% equity ownership position in Group 11 Technologies Inc., a U.S. based technology firm focused on non-invasive extraction technology utilizing environmentally friendly liquids to recover gold and other metals. Additionally, the Company holds an approximate 32% interest in Taku Gold Corp. (CSE: TAK), one of the largest landholders within Yukon's emerging White Gold district, and 300,000 shares in Seabridge Gold (TSX: SEA). Seabridge Gold is advancing the KSM asset, one of the largest undeveloped gold and copper assets in the world.
The Company also holds non-core assets available for sale or option including the Grew Creek, Gold Dome and Marg projects. The Marg project has a 2013 NI 43-101 Indicated Resource of 3.96 million tonnes of 1.57% copper, 1.92% lead, 3.90% zinc, 49.40 g/t silver, and 0.79 g/t gold and an Inferred Resource of 7.78 million tonnes of 1.12% copper, 1.36% lead, 2.89% zinc, 34.88 g/t silver, and 0.52 g/t gold filed on SEDAR (Burgoyne, 2011)