Golden Predator and Yukon Government Announce Project Coordination Committee Struck for Brewery Creek Mine
February 05 2020 - 11:52AM
Golden Predator Mining Corp. (TSX.V:GPY,
OTCQX:NTGSF) (the “
Company”) announces
the Government of Yukon and Golden Predator Mining Corp.
established a project coordination committee pertaining to the
Brewery Creek Mine, effective January 6, 2020. The committee had
its first meeting during the Mineral Exploration Roundup Mining
Conference in Vancouver, British Columbia, last month. The
committee will enhance communications with respect to the
development and production plans for the Brewery Creek project
located near Dawson City, Yukon.
The committee will share and exchange
information pertaining to the Brewery Creek Mine project in a frank
and timely manner. The committee will enable the Government of
Yukon and Golden Predator Mining Corp. to each make informed
decisions that fall within their respective roles and jurisdiction
for the project. This approach to information sharing and exchange
also gives the two parties an ongoing ability to coordinate
information as Golden Predator advances the project.
Quotes
The Government of Yukon supports and encourages
responsible development. Establishing this committee is aimed at
ensuring an environmentally and socially responsible operation.
Improving the flow of information between the regulator and the
company will improve the process and make it more
efficient.– Minister of Energy, Mines and Resources Ranj
Pillai
Canada’s Yukon is a premier jurisdiction that
has an amazing future capable of realizing on the potential for
local wealth creation, employment, training, tax revenue and
business development to Yukon communities from mining activities. I
am proud to be working with progressive colleagues as we seek the
restart of the Brewery Creek Mine, placed in temporary closure in
2002 awaiting the right time to restart activities. The Yukon often
seeks innovative solutions and continues to illustrate its
dedication to working together on this project and with the mineral
sector in the Yukon.– Golden Predator Chief Executive
Officer Janet Lee-Sheriff
Quick facts
- Golden Predator Mining Corp. is a
gold exploration company with two main projects in Yukon: Brewery
Creek and 3 Aces. It is a junior mining company that also owns the
Yukon Mint and works with First Nation artists to create gold coin
designs with proceeds assisting the artist’s community.
- The Brewery Creek Mine is a
brownfield heap leach gold mine, or an operation that uses
chemicals on piles of ore to leach and retrieve dissolved minerals
on ground that has been previously worked. It is located 55
kilometres east of Dawson City and operates with a socio-economic
accord with the Tr’ondëk Hwëch’in First Nation.
- The socio-economic accord between
Golden Predator and the Tr'ondëk Hwëch'in First Nation was
developed to build on their effective working relationship, foster
successful social and economic development for Tr'ondëk Hwëch'in
First Nation government and citizens while ensuring successful
environmental screening, licensing and permitting, financing and
construction and operation of the Brewery Creek project.
- The committee comprises
representatives from Golden Predator, Government of Yukon Mineral
Resources branch and the Government of Yukon’s Major Projects
Yukon. Major Projects Yukon will provide secretariat functions for
the committee.
- Between 1996 and 2002, Viceroy
Minerals Corporation operated the mine. Golden Predator Mining
Corp. took ownership of the mine in 2009.
- The Brewery Creek Mine holds a
Class 4 Mining Land Use Permit, Quartz Mining License and Water
License.
Contact
Stewart BurnettCabinet
Communications867-332-0480stewart.burnett@gov.yk.ca
Natalie PendergastCommunications, Energy, Mines and
Resources867-667-5809natalie.pendergast@gov.yk.ca
Janet Lee-Sheriff Chief Executive Officer, Golden Predator (604)
260-8435info@goldenpredator.com
Golden Predator Mining Corp.
Golden Predator is advancing the past-producing
Brewery Creek Mine towards a timely resumption of mining activities
in Canada’s Yukon. With established resources grading over 1.0 g/t
Gold and a study currently underway by Kappes Cassiday considering
the economics of a restart of heap leach operations at the Brewery
Creek Mine, 2020 proves to be a pivotal year for the Company.
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.
The Yukon-based Company-owned processing plant
has demonstrated gold recoveries, from the 3 Aces project, of over
85% using a combination of a gravity and water process and an
innovative mobile batch cyanide-free process. This ‘green’ gold
provides the content for the mintage of .9999 gold coins from the
Yukon Mint™, a wholly owned subsidiary of Golden Predator.
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/be17a94b-15d9-43df-b834-16994ce6bd8d
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