• Asset Highlights
  • Reports
  • Asset Overview
  • Mineral Resources
  • Geology and Mineralization
  • Historical Exploration
  • Maps
  • References

Asset Highlights

  • A past producing open pit/heap leach mine, temporarily suspended  in 2002 due to gold price dipping  below $300/ounce
  • Quartz Mining License, Water License valid to resume mining operations
  • Socio Economic Accord and Council Resolution with Tr’ondek Hwech’in supporting resumption of mineral production
  • Year-round road access/air service 55 km from Dawson City, 17 km from grid power
  • Three years of drilling (2009-2012) has added total combined 1mm ounces of oxide Gold; 80% exploration success rate(1)
  • 180 km2 property with many exploration targets remaining open or untested
  • 2020 work plan to continue RC drilling to upgrade and expand known resources, undertake permitting plans for expansion of mining license and advance towards a production decision pending results of study for Phase 1 reprocessing of the heap leach pad(8)(9)
2020 Brewery Creek Mineral Resource Estimate(1)
Oxide Tonnes g/t Gold Oz.
Indicated 21,140,000 1.13 765,000
Inferred 14,120,000 0.97 440,000
       
Sulphide Tonnes g/t Gold Oz.
Inferred 8,570,000 0.99 270,000

Asset Overview

Golden Predator is focused on a restart of the Brewery Creek Mine in Canada’s Yukon. This past producing heap leach gold mining operation  produced from seven near-surface oxide deposits along the property's Reserve Trend from 1996 through 2002, when the mine (operated by Viceroy Resource Corporation) went into temporary closure due to low gold prices. The 180 km2 property is located 55 km due east of Dawson City, accessible by paved and gravel roads from the junction of the North Klondike and Dempster Highways. The Project is in receipt of all necessary permits required to conduct additional exploration and host a 43-101 resource. The Brewery Creek Project holds a Type A Water License and a Quartz Mining License (QML). The Company has a Socio-Economic Accord with the Tr'ondek Hwech'in with respect to the Brewery Creek Mine.

Mineral Resources

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. Indicated and inferred resource estimates have been produced for sixteen deposits, which are located inside of conceptual pits.

2020 Brewery Creek Mineral Resource Estimate(1)
Oxide Tonnes g/t Gold Oz.
Indicated 21,140,000 1.13 765,000
Inferred 14,120,000 0.97 440,000
       
Sulphide Tonnes g/t Gold Oz.
Inferred 8,570,000 0.99 270,000

Mineral resources are not mineral reserves and do not demonstrate economic viability.  The quantity and grade of inferred resources reported herein are uncertain in nature and exploration completed to date is insufficient to define these Mineral Resources as indicated or measured. There is no guarantee that further exploration will result in the inferred Mineral Resources being upgraded to an indicated or measured mineral resource category. There is no certainty that all or any part of the mineral resource will be converted to mineral reserves.  Mineral Resources are not mineral reserves and may be materially affected by environmental, permitting, legal, socio-economic, marketing, political, or other factors.  Quantity and grade are estimates and are rounded to reflect the fact that the resource estimate is an approximation.  The effective date of this Mineral Resources Report is October 1st, 2019.

The Brewery Creek Project has been drilled by several companies, with a total of approximately 3,202 unique drill holes and approximately 239,150 meters of drilling. A total of 697 drill holes totaling 97,112 meters have been drilled since 2009. The drillhole database contains 3,188 drillholes with assay values that fall within all of the model areas as well as ongoing exploration areas. 

Gustavson constructed a 3D block model for each resource area in MicroModel® modeling software. Domains were created for each resource area initially based on lithology. The overall lithology was condensed into three main groups; monzonites/volcanic intrusives, sediments, and altered. Drillholes were composited at nominal 3-meter down-hole intervals honoring lithologic contacts. Thus, composites are as close to 3 meters as possible, but always end at a lithologic contact. Partial intervals less than 3 meters length were merged with neighboring intervals.  The 3-meter composite length was chosen with the 5 meters x 5 meters x 3 meters block size to model the (mostly) shallowly dipping deposits. 

Oxide blocks were reported inside a $1600 Au LG pit, and the reporting cutoff was based on $1325/oz Au, corresponding to the 2-year trailing average gold price, and below the current spot price greater than $1,450. The parameters for pit construction are listed in Table 14-7. Oxidation generally conforms to surface topography but penetrates deeper along structures into altered intrusive rocks and is also noted deeper in pyritized sedimentary rocks at or near intrusive contacts.  A probabilistic indicator oxide model was constructed to completely capture the complex occurrence of oxide material. All sulfide blocks were classified as Inferred.

Table 14-7  Oxide Pit Parameters

Costs
Resource Area Mining ($/tonne) G&A

 

($/tonne leached)

Mining Differential Processing ($/tonne leached) LG Processing ($/tonne leached) Au Recovery Au Cutoff (g/t)*
Kokanee, Golden $3.10 $2.65 $0.32 $9.41 $12.06 70% 0.504
Pacific, Blue $2.78 $2.65 $0.00 $9.41 $12.06 70% 0.493
Lucky $3.20 $2.65 $0.42 $9.41 $12.06 70% 0.507
Bohemian $3.20 $2.65 $0.42 $9.41 $12.06 77% 0.461
Schooner $3.20 $2.65 $0.42 $9.41 $12.06 74% 0.480
Lower Fosters $2.97 $2.65 $0.19 $9.41 $12.06 73% 0.479
West Big Rock $2.92 $2.65 $0.14 $9.41 $12.06 83% 0.420
East Big Rock $2.92 $ 2.65 $0.14 $9.41 $12.06 77% 0.453
 

* The internal cutoff grade used for reporting mineral resources includes processing, G&A, and the differential haul for ore from different pits.

Table 14-8  Summary of Total Mineral Resources

Resource Area Au Cutoff (g/t) Indicated Oxide Resources Inferred Oxide Resources Inferred Sulfide Resources
Tonnes (000's) Au (g/t) Au Ozs (000's) Tonnes (000's) Au (g/t) Au Ozs (000's) Tonnes (000's) Au (g/t) Au Ozs (000's)
Blue 0.530          1,296 1.154 48.08         1,788 0.926 53.25            193 0.786 4.88
Bohemian 0.461          1,196 1.302 50.06            672 1.116 24.11            932 0.996 29.84
Canadian 0.507             260 0.736 6.15            547 0.919 16.16            364 0.767 8.98
Classic 0.490     0.00               85 0.655 1.79            102 0.673 2.21
East Big Rock 0.453          1,333 0.848 36.34            604 0.886 17.21            399 0.802 10.29
West Big Rock 0.420          1,867 1.025 61.53         3,476 0.967 108.02            989 0.970 30.84
Lower Fosters 0.479          1,523 1.296 63.46            295 1.467 13.91            303 1.614 15.72
Upper Fosters 0.479                27 1.435 1.25                -     0.00            725 1.096 25.55
Golden 0.504          2,467 1.056 83.76            656 1.042 21.97            580 0.945 17.62
Kokanee 0.504          2,547 1.102 90.24         1,408 1.006 45.56         1,088 0.931 32.57
Lucky 0.507          2,878 1.274 117.88            768 0.946 23.37            815 1.119 29.32
Moosehead 0.480          1,792 0.868 50.01         1,132 0.829 30.18            856 0.835 22.98
Northslope 0.504          1,038 1.183 39.48            943 0.786 23.83               97 1.112 3.47
Pacific 0.493             767 0.946 23.33            414 0.895 11.91            742 0.835 19.92
Schooner 0.480          1,064 1.638 56.03            427 1.537 21.10            283 1.621 14.75
Sleeman 0.480          1,083 1.066 37.12            902 0.914 26.51            106 0.765 2.61
Total   21,138 1.125 765 14,117 0.967 439 8,574 0.985 272
 

 

Geology and Mineralization

The Brewery Creek Project resources exhibit characteristics of both epithermal type and intrusive-related gold systems. It is generally considered to be an alkalic intrusion-associated gold deposit, as most of the mineralization is concentrated within or proximal to the monzonites.  Gold mineralization consists of fracture-controlled quartz stockwork in both siliciclastic and intrusive rocks along an east-northeast striking, moderately south dipping structural trend known as the Brewery Creek Reserve Trend. 

Altered intrusive rocks are typically the preferred host for gold mineralization, however gold mineralization at the Pacific deposit exhibits a strong preference for a siltstone host, and in other deposits into adjacent intrusives.  Major ore-controlling structures in intrusive rocks are related to a post Tombstone age, NNW compressional event that produced ESE and NE striking conjugate shears and ENE listric normal faulting localized along graphitic argillite/intrusive sill contacts. Approximately 85% of the mined ore was hosted by the various Cretaceous-aged quartz monzonite sills with the balance contained in silicified and brecciated Earn Group sediments.

Throughout the property, Tombstone Suite (91 Ma) Cretaceous monzonite and quartz monzonite intrudes Paleozoic Earn and Road River Groups lithologies as a series of semi-comformable sills along a 15km strike length.  Younger, Tombstone Suite syenite and biotite monzonite occur locally in the south-central portion of the property.  All compositional phases of the Tombstone Suite intrusives are known to host gold mineralization. This suite of coeval granitic rocks is known to be associated with gold mineralization at Fort Knox in Alaska and Dublin Gulch, Clear Creek and Gold Dome (Scheelite Dome) in Yukon. Intrusive rocks of a slightly younger age (70 Ma) host most of the gold mineralization at the world class Donlin Creek deposit in Alaska.

Sill emplacement is primarily controlled by a tectonized, graphitic argillite at the contact between the Earn and Road River Groups.  This contact is also the locus of NNE-directed thrust faulting that has placed thin (<150 m thick) sequences of Silurian siltstone against Devonian siliciclastic rocks.  The age of faulting is probably related to earlier Mesozoic compression along the Dawson, Tombstone and Robert Service Thrust Faults and the closing of the Selwyn Basin.

West and East Big Rock Zones 

The Big Rock zone, including West and East Big Rock, is the furthest known mineralization to the west and has a drill-defined strike length of approximately 1.5 km. First discovered in 1991, the initial deposit definition occurred between 1994 and 1998. Golden Predator Corp. expanded this mineralization along strike, laterally and down dip including oxide mineralization at depths greater than 100 m. The West Big Rock deposit is ~650 m in length, ~30 m wide, and ~220 m down dip. The East Big Rock deposit is ~640 m in length, ~30 m wide and ~180 m down dip.  The Big Rock zones remain open to expansion at depth and to the southwest.

Pacific Zone
The Pacific deposit was mined by Viceroy; the pit was not backfilled and remains in its fully mined state. Pacific lies along the Brewery Creek Reserve Trend, immediately east of the Classic Fault. The deposit is defined by 17 core holes and 80 RC holes, totaling 6,966 m. The deposit is ~500 m in length, ~50 m wide, and ~300 m down dip.

Pacific is the only deposit in the district that is hosted primarily by Paleozoic siltstone.  Mineralization is generally tabular and follows a combination of shallow south dipping bedding and high-angle Brewery Creek Reserve Trend parallel faults. Higher grade parts of the deposit are steeper along these faults.  The deposit has been segmented by several post-mineralization northwest-trending dextral faults.

Blue Zone
The Blue deposit was mined by Viceroy, and the pit was partially backfilled.  Blue lies directly east of the Pacific deposit along the Brewery Creek Reserve Trend.  A fault separates the two deposits; one possible restoration of displacement suggests that the two deposits may have been a single mineralizing system.  The deposit is defined by 26 core holes and 113 RC holes, totaling 8,149 m. The deposit is ~560 m in length, ~45 m wide, and ~200 m down dip. 

Blue is hosted primarily by Cretaceous quartz monzonite and subordinately by Paleozoic siltstone.  Mineralization is generally tabular and follows the strike and dip of the sill complex.  Unlike Pacific, the primary strike of the deposit lies along a series of northeast-trending faults.

Fosters-Canadian Zone

The Fosters mineralized zone includes only the un-mined Lower Fosters deposit which lies approximately 3.5 km from the current heap leach pad. The Lower Fosters deposit is ~550 m in length, ~30 m wide, and ~260 m down dip. A large sill complex extends throughout the Canadian-Fosters area and hosts most of the known mineralization.  It has a strike length of at least 1.2 km and a down-dip extent of at least 500 m.  It strikes 070° azimuth and dips approximately 20° southeast. 

North Slope Zone
The North Slope zone lies approximately 1 km north of the Brewery Creek Reserve Trend. The current drilled extent of the structure and sill complex at North Slope is 750 m along strike and approximately 450 m down dip, with mineralization intersected at up to 700 m down dip. The mineralization is ~40 m wide.  It strikes 070° azimuth and dips approximately 40° southeasterly.  The mineralized sills and structural zone remain unconfined along both strike directions. 

Kokanee Zone

The Kokanee deposit was mined by Viceroy from four pits; all pits were partially backfilled.  The southern two pits remain mostly open while the northern two are almost entirely backfilled and reclaimed.  The deposit is centrally located along the Brewery Creek Reserve Trend and formed in the thickest and most extensive part of the Cretaceous quartz monzonite sill complex.  The deposit is defined by 31 core holes and 506 RC holes, totaling 29,654 m. The deposit is ~1100 m in length, ~40 m wide, and ~190 m down dip.

Mineralized material at Kokanee occurs primarily in the quartz monzonite sill complex and subordinately in siltstone and argillite.  Observations of mineralized material exposed in pit walls shows millimeter-scale veinlets with iron-oxide ± quartz fillings.  The mineralized quartz monzonite typically contains several percent of evenly disseminated oxidized pyrite.

Golden Zone

The Golden deposit lies immediately east of Kokanee and may be a faulted offset of Kokanee.  It was mined by Viceroy from 4 pits; three were backfilled and reclaimed, the lowest and farthest south pit was not backfilled and remains in its fully mined state.  The deposit is defined by 19 core holes and 363 RC holes, totaling 21,251 m. The deposit is ~950 m in length, ~30 m wide, and ~150 m down dip.

Golden, like Kokanee, is hosted by the thickest and most extensive part of the Cretaceous quartz monzonite sill complex.  It is a nearly identical system structurally, and the styles of alteration identical.  Both of these deposit areas show a bi-directionality to the strike direction of the highest-grade material, one northeast and the other northwest trending, forming a conjugate pattern.

Lucky Zone

The Lucky deposit was mined by Viceroy and partially backfilled. It is situated immediately west of the Bohemian-Schooner deposits and northeast of the Golden deposit.  The Lucky deposit is defined by 169 RC drillholes and 3 diamond drillholes, totaling 11,240 m.  The deposit is ~550 m in length, ~50 m wide, and ~360 m down dip. 

Altered Cretaceous quartz monzonite that intrudes lower Earn Group sedimentary rocks host mineralized material at Lucky, similar to that at Bohemian-Schooner. 

Bohemian-Schooner Zone

The Bohemian-Schooner deposit and surrounding mineralized area was originally discovered by soil sampling, trenching and drilling in the 1990’s by Viceroy.  The area remains unmined and is defined by 129 RC drillholes and 122 core drillholes, totaling 23,385 m.  A linear distance of approximately 7 km separates the zone from the old heap leach pad.  The Bohemian deposit is ~520 m in length, ~50 m wide, and ~160 m down dip. The Schooner deposit is ~450 m in length, ~50 m wide, and ~160 m down dip. 

A sill complex at Bohemian/Schooner hosts the majority of mineralization.  It intrudes a section of siltstones of the Steele Formation and interleaved, structurally dismembered carbonaceous argillite of unknown affinity.  The composite strike length of the sill complex is over 1 km oriented east-west, dipping 5° to 10° to the south.  A prominent high-angle east-west striking structural zone traverses the entire length of the area.  Sills occur on both sides of the structure and are displaced down to the north across it.  The sills are thickest along the structure, indicating that it may have localized the intrusions.  Higher grade parts of the deposit also align along this structure.

Sleeman Zone

The Sleeman zone is located to the southeast of the Reserve Trend and the deposit is ~500 m in length, ~25 m wide, and ~220 m down dip. Mineralization at the Sleeman zone is located in the midst of a 4 km geochemical and geophysical anomaly. This major anomaly appears to be associated with a significant structure oriented approximately 330º that intersects the Reserve Trend. The style of veining and alteration at Sleeman is similar to other deposit areas, however the Sleeman deposit has higher base metals and potentially economic silver concentrations. The Sleeman deposit is also less oxidized compared to the other mineralized zones.

Classic Zone

The Classic zone is located approximately 3 km south of the main Brewery Creek Reserve Trend, 7 km west of the Sleeman resource and 4 km south of the old heap leach pad.  Discovered originally in 1991 (Hemlo Gold Mines Inc.-Loki Gold Corporation) through a southern grid expansion, the Classic zone was then being classified as an isolated, arsenic gold anomaly.  To date, the Classic zone remains poorly understood with current interpretations based on the underlying pluton and faulting.  It is currently defined by 52 RC drillholes and 17 core holes, totaling 13,478 m.  The currently identified mineralization lies entirely on the southwest side of the Classic Fault.  The zone is ~1400 m in length, ~30 m wide, and ~240 m down dip.

The Classic zone is a near surface bulk tonnage target that lies approximately 3 km south of the Brewery Creek Reserve Trend and, together with the newly discovered Lone Star zone, demonstrates the discovery potential of the entire southern portion of the large Brewery Creek Property. A large alkalic syenite intrusion hosts gold mineralization primarily in sheeted quartz/carbonate/pyrite+\-arsenopyrite veins and as fine-grained disseminations associated with pyrite.

Significant intercept examples:(2)

  • BCRC 11-2354 with 200.0 m of 0.38 g/t gold from surface including 10.0 m of 1.10 g/t gold and 38.0 m of 0.90 g/t gold;

  • BCRC 11-2348 with 148.0 m of 0.32 g/t gold from a depth of 2.0 m; and

  • BCRC11-2349 with 134.0 m of 0.34 g/t gold from surface, including 22.0 m of 0.80 g/t gold

Lone Star Zone
The Lone Star mineralized area lies approximately 5 km south of the main Reserve Trend along the northeast side of the Classic Fault, southeast of and adjacent to the Classic zone.  Surface mineralization was first recognized by soil sampling in the 1990’s but the area remained untested until 2012.  Drilling in 2012 consists of 17 core holes and 12 RC holes, totaling 6,147 m. The zone is ~1100 m in length, ~20 m wide, and ~220 m down dip. 

Drilling by Golden Predator Corp. in 2012 intersected multiple mineralization types including disseminated gold and sheeted quartz/carbonate/pyrite+\-arsenopyrite veins both hosted in syenitic intrusive stocks and sills. The 2012 drill program also discovered gold bearing calc-silicate skarn mineralization in carbonate rocks on the periphery to the syenitic intrusive. Three styles of mineralization occur at Lone Star; elevated Au associated with skarns, disseminations in syenite, and auriferous sheeted quartz veins.  The geometry of the system is poorly understood; it remains open in both strike directions and at depth.

Significant intercept examples:(3)

  • BCRC12-2519 with 32.0 m of 0.81 g/t gold from a depth of 172.2 m;

  • BCRC12-2522 with 157.0 m of 0.27 g/t gold from a depth of 44.2 m;

  • BCRC12-2523 with 10.7 m of 1.14 g/t gold from a depth of 25.9 m, and 21.3 m of 2.24 g/t gold from 166.1 m;

  • BCRC12-2528 with 27.4 m of 1.24 g/t gold from a depth of 1.5 m; and

  • BCRC12-2529 with 93.0 m 0.27 g/t gold from the surface.

Historical Exploration

The claims comprising the Brewery Creek Project were initially staked in 1987 by Noranda Exploration Limited, and most of the mineralized zones that have been mined to date were identified by 1989 through detailed geochemical surveys. Since 1989 more than 200,000 meters of drilling has been completed in addition to comprehensive soil sampling and trenching programs.

In 2011, Golden Predator Corp. drilled approximately 55,000 meters resulting in the delineation of the Schooner, Sleeman and Classic resources, as well as increasing confidence in existing resources. In 2012, Golden Predator Corp. drilled approximately 27,000 meters and discovered the Lone Star mineralized zone. 

To view a table of past drilling results please click below:
2012 Drill Results
2011 Drill Results

References

  1. NI 43-101 Technical Report "NI 43-101 Technical Report on Resources, Brewery Creek Project, Yukon, Canada" Effective Date of October 1, 2019.
  2. Golden Predator News Release dated March 5, 2012.
  3. Golden Predator News Release dated October 11, 2012.
  4. Golden Predator News Release dated January 5, 2012.
  5. Golden Predator News Release dated November 18, 2011.
  6. Golden Predator News Release dated March 22, 2012.
  7. Golden Predator News Release dated November 10, 2011.
  8. Golden Predator News Release dated November 14, 2019.
  9. Golden Predator News Release dated November 18, 2019.

The technical content of this website 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.