Tr’ondëk Hwëch’in Provides Support To Golden Predator for Brewery Creek Mine License Renewals
28 Avril 2021 - 2:00PM
Golden Predator Mining Corp. (TSX.V:GPY,
OTCQX:NTGSF) (the “
Company” or
“
Golden Predator”) advises the Tr’ondëk Hwëch’in
First Nation submitted letters of support, for the timely renewal
of the Brewery Creek Water License and Quartz Mining License, to
the Yukon Water Board and the Yukon Environmental and
Socio-economic Assessment Board. The 100%-owned Brewery Creek mine
project located approximately 55 km by paved and gravel road from
Dawson City, Yukon and operates under a Socio Economic Accord with
Tr’ondëk Hwëch’in. Golden Predator looks forward to working with
Tr’ondëk Hwëch’in, and all regulatory agencies to advance the
renewal applications.
The Brewery Creek Mine is a brownfields heap
leach gold mine that was operated by Viceroy Minerals Corporation
from 1996 to 2002. Important infrastructure remains in place
allowing for a timely restart schedule.
Brewery Creek currently holds valid Quartz
Mining and Water Use Licenses, which expire December 31, 2021. The
Company has submitted renewal applications on existing terms and
conditions for 10-year extensions to the Quartz Mining License
(QML) Water Use License (WUL). Tr’ondëk Hwëch’in has a long history
of both direct involvement and consultation about the property with
its various owners, including an Amended and Restated Socio
Economic Accord signed in 2012. Golden Predator is applying for
renewals of the Licenses with the same terms and conditions. Golden
Predator will consider further licence amendments in the future
which would be assessed separately, based on what the company
proposes following the completion of the Feasibility Study.
Brewery Creek Mine Work Plan
A Feasibility Study (FS) is being conducted by
Kappes Cassiday & Associates of Reno, Nevada which will include
a multi-year mine plan for the advancement of the Brewery Creek
project. The FS will include an inventory of the mineralized
material remaining on the heap and mine planning (completed by
Tetra Tech Inc of Golden, Colorado) for the resumption of the
mining of material from leachable resources contained within the
licensed area and reported in the Company’s Mineral Resource
Estimate. The FS will include all the key parameters involved in
reconstructing or adding necessary infrastructure the
Adsorption-Desorption-Recovery (“ADR”) plant, mine schedule,
operating and capital cost estimates, 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 a study
demonstrating positive technical and economic viability.
Golden Predator Mining Corp – Viva Gold
Corp. (TSX.V: VAU; OTCQB: VAUCF) ("Viva
Gold")
The Company previously announced (March 3, 2021)
it has entered into a definitive arrangement agreement whereby
Golden Predator will acquire all of the outstanding securities of
Viva Gold by way of a plan of arrangement under the Business
Corporations Act (British Columbia). The proposed Arrangement
brings together proven mine building expertise, jurisdictional
diversification and two advanced stage gold development projects as
the two company’s merge their Nevada and Yukon assets and
management to position the company as an emerging junior gold
producer.
The technical content of this news release has
been reviewed and approved by Michael Maslowski CPG, a Qualified
Person as defined by National Instrument 43-101 and a consultant to
the Company.
About 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. The project has established resources grading
over 1.0 g/t Gold and a Feasibility Study is underway to define the
economics of a restart of heap leach operations at the Brewery
Creek Mine, once complete it will be reported in a Technical Report
in accordance with NI 43-101. The 180 km2 brownfield property is
located 55 km by road from Dawson City, Yukon and operates under a
Socio-Economic Accord with the Tr’ondëk Hwëch’in First Nation. The
Company also holds the Marg Project, with a current mineral
resource and reported in accordance with NI43-101 and the Technical
Report is posted on SEDAR, the Gold Dome Project and Grew Creek
Project. For additional information on Golden Predator and the
Brewery Creek Mine, please visit our website:
www.goldenpredator.com.
For additional information:Janet
Lee-Sheriff Chief Executive Officer (604)
260-8435info@goldenpredator.comwww.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.
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