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 from 1996 to 2002, temporarily closed due to low gold prices. The 180 km2 property is located 55 km east of Dawson City, Yukon. Brewery Creek has NI 43-101 Indicated mineral resources of 789,000 oxide gold ounces contained in 22.20 million tonnes of material with an average grade of 1.11 g/t, and Inferred mineral resources of 497,000 oxide gold ounces contained in 16.80 million tonnes with an average grade of 0.92 g/t.1 The Brewery Creek Project has a Socio Economic Accord with the Tr’ondek Hwech’in.
|2020 Brewery Creek Mineral Resource Estimate(1)|
Materials on the heap leach pad were not included in the resource update. See News Release dated August 31, 2020 for details.
Mineral Resources estimates conducted within a pit shell developed at $2000/oz gold with an internal cut-off grade calculated at $1500/oz gold was used to report mineral resource inventories
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)