Golden Predator Announces Chief Operating Officer to Implement Brewery Creek Mine Restart in Canada’s Yukon
December 05 2019 - 8:00AM
Golden Predator Mining Corp. (TSX.V:GPY,
OTCQX:NTGSF) (the “
Company”) is
pleased to announce Mr. Michael (Mike) Maslowski has commenced his
position, effective December 2, 2019 as Chief Operating Officer.
Mike will lead the mine development team and is charged with
advancing the Brewery Creek Mine, located near Dawson City in
Canada’s Yukon, through development towards planned operations.
Mike previously served as Chief Operating Officer of Golden
Predator from 2011 to 2014 and his familiarity with the project
will enable the fully licensed Brewery Creek to advance quickly
once a production decision has been made based on the ongoing
Feasibility Study.
Mr. Maslowski will coordinate and manage all the
Company's construction, mine development and activities at the
Brewery Creek Mine. In addition, he will oversee the continuing
expansion of the project through aggressive mine site exploration,
environmental studies, permitting and future development. Mike will
lead a skilled and experienced team with proven abilities to
develop and operate restarts of heap leach operations in California
and mines across North America.
"With Mike now in the position of Chief
Operating Officer we have completed our mine development team and
have the right people in place to advance projects like Brewery
Creek into development and operations," said Janet Lee-Sheriff,
Chief Executive Officer. "The collective skills of the team provide
100 years of development and operations experience with a
significant northern component. Mike is joined by James Hesketh, a
proven operator of heap leach operations and Yukon based projects
plus Robin Fraser skilled in Yukon projects, materials management
and metallurgy.”
Golden Predator Mining Management
Team
Michael Maslowski, Chief Operating
Officer
Mr. Maslowski is a geological engineer with a
career in the mineral resource industry spanning more than 35 years
in exploration, engineering, underground and open pit mining design
and operation in the Americas and East Africa. Mr. Maslowski
previously worked with Golden Predator from 2011 to 2014 as Vice
President of Exploration and then Chief Operating Officer,
expanding the Brewery Creek heap leach recoverable oxide resource
more than 5 fold in 3 years and directing the Brewery Creek
Preliminary Economic Assessment Study of 2014. Since 2017 he has
been the Technical Services Superintendent for Teck Washington Inc.
at their Pend Oreille mine in NE Washington State, an underground
lead-zinc mine. Prior to 2011, he was with Coeur d’Alene Mines for
ten years in numerous positions including Director of Exploration
and Assistant General Manager of the Palmarejo Mine in Mexico. He
was the team leader for the discovery of the Diamond Hill Mine for
Pegasus Gold then was responsible for advancing the mine into
production. Mike is a member of the Society for Mining, Metallurgy
and Exploration (SME) and the American Institute of Professional
Geologists. He holds a B. S. in Geological Engineering from the
Colorado School of Mines and is a Certified Professional Geologist
(CPG) with the American Institute of Professional Geologists (AIPG)
and a Qualified Person (QP) as defined by National Instrument
43-101.
James Hesketh M.Sc. MMSA |
Engineering
James Hesketh has 35 years’ experience in open
pit heap leach operations and management. His strong background in
mining finance, mine engineering, development and operations
includes senior positions with Atna Resources Ltd, Canyon Resources
Corporation, NM Rothschild & Sons (Denver) Inc., Cyprus Amax
Minerals Company, Pincock Allen & Holt, Inc., and Dresser
Industries Inc. He brings previous knowledge of the operations of
the Brewery Creek Mine where he headed up the economic evaluation
of the project for Rothschild’s. One of the few engineers with
actual year-round commercial operational experience in the Yukon,
he operated an open pit barite mine and processing plant in the SE
Yukon during the 1980s. He is qualified to assist with mineral
valuation, financial and mining costing, infrastructure and project
management. He holds a B.S. in Mining Engineering and a M.S. in
Mineral Economics, both from the Colorado School of Mines.
Robin Fraser | Mining &
Metallurgy
Robin Fraser and his team at Canadian Northern
Mining Corp. have completed many mining construction,
operation & maintenance projects worldwide and
provide expert personnel, detailed evaluations and optimization
plans. Joining Golden Predator initially to enhance and optimize
the Company’s bulk sample processing plant, Robin and team will
expand their involvement, working towards the restart of the
Company’s Brewery Creek Mine. Canadian Northern Mining has an
established track record in early design, construction, start up
and day to day operations. They will continue providing processing
plant management, operations, maintenance and laboratory
services for the 3 Aces bulk sampling project.
Golden Predator Mining
Corp.
Golden Predator is advancing the past-producing
Brewery Creek Mine towards a timely resumption of mining
activities, under its valid Quartz Mining and Water Licenses, in
Canada’s Yukon. With established resources grading over 1.0 g/t
Gold and low capex to production in a safe first world
jurisdiction, Brewery Creek has a clear path to production as an
economically and environmentally known project. Optimization
studies are progressing to enhance the already positive multi-phase
project economics described in the 2014 Preliminary Economic
Assessment. Drilling continues to expand the open-ended resources
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.(1) (2)
At the 3 Aces project, Golden Predator continues
to expand on discoveries of native gold in quartz veins while
ongoing bulk sampling and processing at the 50 tpd Company-owned
processing plant has demonstrated gold recoveries of over 85% using
a chemical-free process. This green gold provides the gold for the
mintage of .9999 gold coins from the Yukon Mint™, a wholly owned
subsidiary of Golden Predator.
For additional information: Janet Lee-Sheriff Chief
Executive Officer (604) 260-8435 info@goldenpredator.com
www.goldenpredator.com
(1) |
NI 43-101 Technical Report "Preliminary Economic Assessment for the
Brewery Creek Property Yukon Territory, Canada" Release Date of
November 19, 2014. |
|
|
(2) |
Brewery Creek Technical Report, Richard Diment, PGeo May 18,
2003 |
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 private placement will complete as
described herein, that the Project will advance through permitting
and feasibility. 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.
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