- Golden Predator Mining (TSXV:GPY) has announced the appointment of a new Chief Financial Officer
- Scott Davis, a longtime TSXV Chartered Accountant, replaces Greg Hayes, effective immediately
- Golden Predator has also provided a feasibility study on the Brewery Creek mine
- The company has commenced column leach tests at the site, to determine crush data for crush size
- Golden Predator Mining (TSXV:GPY) is up 2 per cent, and trading at $0.235 per share, with a $36 million market cap
Golden Predator Mining (TSXV:GPY) has announced a new Chief Financial Officer, and updated its feasibility study.
The company has appointed Scott Davis, a seasoned chief financial officer who has served as the financial director of several TSXV companies.
Golden Predator has removed Greg Hayes from the Chief Financial Officer position, effective immediately.
The company has also announced an update on its feasibility study for the Brewery Creek Mine.
Brewery Creek is a historic mine in the Yukon that Golden Predator is attempting to restart.
The initial phase of the feasibility study required some column test work. The test work provides optimisation data for crush size, compaction, and percolation for the reprocessing of the site.
The feasibility of recovering gold from the heap leach pad is the first step the company believes can grant it immediate gold returns for little investment.
The feasibility study includes the key requirements for recovering the gold, including a crushing plant, an assay lab, and other associated infrastructure.
Golden Predator has stated that any potential production decisions will be dictated by the results of the Phase 1 feasibility study.
The company believes that there is significant mineralization at the site.
Drilling which the company funded from 2010 to 2013 increased the inferred gold significantly.
Golden Predator believes that some 765,000 ounces of gold are still recoverable from the site.
The drill results from that time did not include the resources on the leach pad.
There are 200 additional exploration drill holes to be included in an anticipated resource update.
Golden Predator Mining (TSXV:GPY) is up 2 per cent, and trading for $0.235 per share at 12:42pm EST.