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| August 07, 2014 --- Vol. 08, No. 32 | August 2014
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Yukon Territory
GOLD – Golden Predator Mining Corp. Aug. 5 said it has retained Tetra Tech EBA to complete a preliminary economic assessment on its Brewery Creek gold project located 55 kilometers (34 kilometers) east of Dawson City, Yukon. The PEA, scheduled for release in the fourth quarter, is being conducted to demonstrate the potential viability of the mineral resources at Brewery Creek and is based on ongoing metallurgical, engineering and environmental studies. The PEA will examine a scenario of open pit mining from a number of shallow oxide deposits. The mined material would be crushed to provide enhanced gold recoveries versus the run of mine recoveries experienced during the former operation. Results of metallurgical testing showed recoveries ranging from 77.9 percent to 82.9 percent after crushing to 80 percent passing 9.5 millimeters (0.37 inches). Crushed material would be stacked on an unbuilt but permitted three-cell expansion of an existing heap leach pad. From 1996 through 2002, Viceroy Resource Corp. recovered 278,484 ounces of gold from seven near-surface oxide deposits along the property's Reserve Trend. Reprocessing a portion of the old heap leach pile by crushing the former run of mine material for additional gold recoveries as indicated by metallurgical testing is anticipated to be included in this assessment. The Brewery Creek project contains indicated oxide mineral resources of 14.1 million metric tons grading 1.27 grams per metric ton (577,000 ounces) gold and inferred oxide mineral resources of 9.3 million metric tons at 0.93 g/t (279,000 ounces) gold. Brewery Creek holds a Type A Water License with an expiry date of December 31, 2021, subject to the restrictions and conditions contained in the Yukon Water Act and Regulations. The project also holds a Quartz Mining License with an expiry date of December 31, 2021. Golden Predator is working to amend the Water License and the QML to incorporate current mine planning and design studies which are currently underway. In addition, a Socio-Economic Accord with Tr’ondek Hwech’in First Nation with respect to the Brewery Creek Project is in place.
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