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) | |||
| Leachable | Tonnes | g/t | Gold Oz. |
| Indicated | 22,200,000 | 1.11 | 789,000 |
| Inferred | 16,800,000 | 0.92 | 497,000 |
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
