Golden Predator Enhances Brewery Creek Team; Expands Focus on Mine Development Planning
June 09 2020 - 7:30AM
Golden Predator Mining Corp. (TSX.V:GPY,
OTCQX:NTGSF) (the “
Company”) reports
additional technical talent has been added to the Brewery Creek
team as work continues on the proposed restart of the licensed
Brewery Creek Mine located near Dawson City, Yukon. Former Yukon
Deputy Minister of Environment, Edward Huebert, and Joe Harrington,
President of Minewater LLC., who oversaw the award-winning
reclamation and previous closure of Brewery Creek, will contribute
essential environmental skills and project knowledge to the
Company. Ed Huebert and Joe Harrington join Jim Hesketh and Mike
Maslowski, both charged with development and potential operational
activities at Brewery Creek.
Golden Predator CEO Janet Lee-Sheriff noted: “To
fast track the past-producing Brewery Creek Mine we have made a
concerted effort to assemble a team with strong knowledge of the
project. Ed Huebert brings specific experience as the Yukon’s
former Deputy Minister of Environment where he worked on the
Brewery Creek Mine project together with the Tr’ondek Hwech’in
First Nation and the proponent, which included Joe Harrington. Joe
Harrington has been extremely successful in numerous reclamation
and remediation projects across North America and has specific
experience with the Brewery Creek project, a recipient of awards
for its successful reclamation programs. Golden Predator is
being very strategic and working aggressively at a time when gold
prices are high to bring value to shareholders and benefits to
Yukon communities from jobs, business opportunities and resource
revenue following a challenging time due to the Covid-19
slowdowns.
Edward Huebert, Government Relations and Environmental
Affairs
An experienced environmental affairs
professional, Mr. Huebert joins Golden Predator Mining Corp. on
contract as the Director of Government Relations and Environmental
Affairs. Mr. Huebert previously served as Senior Environmental
Affairs Manager with DeBeers Canada (NWT) where he oversaw the Snap
Lake Mine and permitting of the Gahcho Kue Project. Previously, he
has served as Yukon Deputy Minister of Environment and while the
Yukon’s Deputy Minister was responsible for the temporary closure
and reclamation of the Brewery Creek Mine and implemented
innovative solutions at the site in collaboration with industry and
the Tr’ondek Hwech’in.
Mr. Huebert also has served as the Executive
Vice President of the Mining Association of Manitoba and Director
of Marketing with Manitoba Energy and Mines. Recently he has been
managing Essential Resource Strategies a boutique consulting firm.
He holds Masters of Natural Resources Management from the
University of Manitoba and attended UBC in Regional Planning as a
PhD Candidate. He is a past Emergency Preparedness Canada Research
Fellow and is a past World Wildlife Fund of Canada board
member.
Joe Harrington, President, Minewater LLC
– Geochemical and Environmental Technical Advisor
Mr. Harrington serves as the President of
MineWater LLC. Formerly he served as the Vice President of Business
& Strategic Development with Alexco Resource Corp (Alexco), as
CEO and Founder of Green World Science, and is the patent inventor
of the heavy metals immobilization treatment technology. Prior to
his role at Alexco, Mr. Harrington was the Vice President of the
mining and metals business for ARCADIS, conducted research and
development for controlled release fertilizers, fuel ethanol,
phosphate mineral processing and bioremediation technologies for
the J.R. Simplot Company. While with ARCADIS, and prior to that
with Green World Science, he was instrumental in the implementation
of innovative solutions for the reclamation of the Brewery Creek
Mine from 1999 through 2004 and continued to provide advice and
technical support to the project and Golden Predator. Mr.
Harrington graduated summa cum laude from the University of Idaho
in 1996 with majors in Chemistry and Microbiology and completed his
graduate work at the University of Idaho in 1998 in Metallurgical
Engineering.
Heap Leach Reprocessing Study: Phase
1
Kappes Cassiday is currently conducting a study
to determine the feasibility of reprocessing the run-of-mine
material on the heap leach pad to extract additional gold. The
study will include an inventory of the mineralized material
remaining on the heap followed by detailed analysis of all the key
parameters involved in reconstructing or adding necessary
infrastructure including a crushing plant, ADR plant, and assay
lab. The study will estimate all projected capital and operating
costs, production levels and will estimate projected economic
returns. The study is focusing on remediating and reprocessing the
heap leach pad as a means of fast-tracking re-development of the
site. The study will include a project implementation schedule,
sourcing, and economic cash flow model sufficiently detailed to
move directly into procurement, development and construction if
economically warranted. Any production decisions would be dependent
on the outcome of this study demonstrating positive technical and
economic viability.
Brewery Creek Mine: Production
History
The Brewery Creek Mine is a licensed brownfields
heap leach gold mine that was operated by Viceroy Minerals
Corporation from 1996 to 2002. Brewery Creek was put into Temporary
Closure in 2002 following a collapse of the gold price below $300
US per troy ounce. Golden Predator’s team commenced work on the
project starting in 2009. Brewery Creek is authorized to restart
mining activities as defined in their Quartz Mining License and
Water License. The Company intends to resume mining and processing
of licensed deposits when supported by an independent economic
study. The Company is also working with Tr’ondëk Hwëch’in and Yukon
Government to expand the licensed mining to include new discoveries
and mining activities contemplated for an expansion of mining
beyond the existing license.
The 180 km2 property is located 55 km east of
Dawson City and is accessible year-round by paved and improved
gravel roads. Significant infrastructure remains in place, allowing
for a timely restart schedule under existing licenses.
Brewery Creek Mine:
Resources1
The Company conducted exploration drilling on
the Brewery Creek project from 2010 to 2013 which increased the
resource significantly. The project has a 2019 Mineral Resource
Estimate of Indicated oxide resource of 21,140,00 tonnes at 1.125
g/t Gold containing 765,000 ounces, plus an Inferred oxide resource
of 14,120,000 tonnes at 0.967 g/t Gold containing 440,000 ounces.
In addition, resources include 8,570,000 tonnes of Inferred sulfide
resource at 0.985 g/t Gold containing 270,000 ounces. Materials on
the heap leach pad were not included in the resource update.
The Mineral Resource Estimate is available on
SEDAR and the Company’s website.
An updated Mineral Resource Estimate is
currently underway forthcoming to incorporate the successful 2019
drill program which included more than 135 in-fill and step out
holes.
The technical content of this news release has
been reviewed and approved by Jeff Cary, CPG a Qualified Person as
defined by National Instrument 43-101 and is employed by the
Company as its Senior Project Geologist.
About Golden Predator Mining Corp.
Golden Predator is advancing the past-producing
Brewery Creek Mine towards a timely resumption of mining
activities, under its Quartz Mining and Water Licenses, in Canada’s
Yukon. The Brewery Creek Mine project has established resources
grading over 1.0 g/t Gold and a study currently underway by Kappes
Cassiday to consider the feasibility of reprocessing the existing
heap leach material. Drilling continues to expand the open-ended
mineralized areas and untested targets across the 180 km2
brownfield property located 55 km by road from Dawson City, Yukon.
The Company has a Socio-Economic Accord with the Tr’ondëk Hwëch’in
First Nation.
For additional information: Janet Lee-Sheriff Chief
Executive Officer (604) 260-8435
info@goldenpredator.com www.goldenpredator.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein. This press release contains
forward-looking information that involve various risks and
uncertainties regarding future events. Such forward-looking
information can include without limitation statements based on
current expectations that the Brewery Creek will advance to an
early production decision, or the extent of any additional mineral
resource that could result from incorporating 2019 exploration
drilling. Actual results and future events could differ materially
from those anticipated in such information. These and all
subsequent written and oral forward-looking information are based
on estimates and opinions of management on the dates they are made
and are expressly qualified in their entirety by this notice.
Except as required by law, the Company assumes no obligation to
update forward-looking information should circumstances or
management's estimates or opinions change.
1. |
The 2019 Mineral Resource Estimate was conducted in accordance with
CIM guidelines and is reported in a NI 43-101 Technical Report
available on SEDAR and the Company’s website |
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