Golden Predator Mining

Deep Value Gold Resources in Canada’s Yukon

Overview

Golden Predator Mining Corp. (TSXV:GPY,OTCQX:NTGSF) is focused on advancing the past-producing Brewery Creek gold mine towards production under its valid quartz mining and water licenses, which are endorsed by the Yukon government and Tr’ondek Hwech’in First Nation. The turnkey Brewery Creek mine has a clear path to production as an economically and environmentally-proven project with its low CAPEX and established resources of over 1 g/t gold. Golden Predator issued its formal notice to the Yukon Government to move the Brewery Creek mine into production in August 2019.

Optimization studies are currently underway to enhance the already positive multi-phase project economics described in the 2014 preliminary economic assessment (PEA)(1). Drilling continues to expand the numerous open-ended resources and untested targets across the 186-square-kilometer brownfield property.

At the company’s 3 Aces project, Golden Predator continues to expand on discoveries of native gold in quartz veins as well as its bulk sampling programs. The company signed an agreement to use EnviroLeach Technologies Inc.’s (CSE;ETI,OTCQB:EVLLF,FWB:7N2) cyanide-free hydrometallurgical technology to extract gold from gravity concentration in an eco-friendly manner. Processing at the company’s wholly-owned 50-ton-per-day processing plant has demonstrated gold recoveries of over 85 percent using a chemical-free process. This green gold provides the gold for the mintage of 0.9999 gold coins from the Yukon Mint™, a wholly-owned subsidiary of Golden Predator.

Aside from the company’s exploration activities, Golden Predator is also focused on being a socially responsible mining company and is actively involved with the communities around its projects. The company has brought forward numerous community initiatives to foster its relationships and to keep community stakeholders up-to-date with corporate activities. To this aim, Golden Predator has launched a first-of-its-kind Elders-in-Residence program at 3 Aces, which invites the Ross River Dena Council and Liard First Nation Elders to the project to help support learning and understanding, promote cultural awareness and share wisdom and teachings as part of the exploration process.

[1] Golden Predator is actively advancing the Brewery Creek mine while towards production while exploring to upgrade and expand resources. A 2014 preliminary economic assessment (PEA) prepared in accordance with NI 43-101 is in place.

Brewery Creek Project Highlights

  • The Brewery Creek project is a past open-pit heap leach producer from 1996 to 2002
  • Golden Predator has year-round access via paved and gravel roads and is 17 kilometers from grid power lines, local labor and regularly scheduled air service
  • Permits and licenses include a Quartz Mining License, Water License and a Class IV mining land use permit
  • Metallurgical and geotechnical drilling completed in September 2016 and 2018
  • Pre-tax NPV at five percent ranged from US$18.1 million at US$1,150 per ounce gold to US$114.5 million at US$1,500 per ounce gold with IRRs ranging from 12 percent to 45 percent with corresponding gold prices.
  • Post-tax NPV at five percent ranged from US$4 million at US$1,150 per ounce gold to US$69.36 million at US$1,500 per ounce gold with IRRs ranging from seven percent to 32 percent with corresponding gold prices.
  • Recover 372,000 ounces of gold from eight open pits and old heap leach material
  • Metallurgical recoveries for the open pits range from 70 percent to 82.9 percent and averaged 45 percent for the former heap leach material
  • Permits and licenses include a Type A water license and a quartz mining license, both with an expiry date of December 31, 2021. A Class IV mining land use permit which expires on July 5, 2022.
  • 2012 Socio-Economic Accord with the Tr’ondek Hwech’in in place
  • 2018 diamond drilling and metallurgical testing along with exploration drilling took place at Brewery. Highlights from the program include 8.5 meters grading 5.05 g/t gold, 6.5 meters grading 3.03 g/t gold and two meters grading 21 g/t gold.
  • Golden Predator received approvals from the Yukon government and the Tr’ondek Hwech’in to restart operations at Brewery Creek in July 2019.
  • The company issued its formal notice to move Brewery Creek into production to the Yukon Government in August 2019

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The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Golden Predator Mining Corp. and seek advice from a qualified investment advisor.