Golden Predator Mining Corp. - CEO, Janet Lee Sheriff
CEO, Janet Lee Sheriff
Source: 121 Mining Investment Events
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  • Golden Predator Mining (TSXV:GPY) have released assays from Brewery Creek
  • The final 15 drill holes were targeting near surface gold oxide on the property
  • The latest results include 15 grams per tonne of gold across 1.5 metres
  • Further intercepts included 3.3 grams per tonne of gold across 15.2 metres
  • Before the market opens, Golden Predator Mining (GPY) is trading at C$0.27 per share, with a market cap of $42 million 

Golden Predator Mining (TSXV:GPY) has finished drilling at the company’s Brewery Creek Mine.

Golden Predator have reported that the final 15 drill holes of its drill program have returned results, and all drills intersected gold.

The drilling was testing for near surface gold oxide mineralization.

The company has stated the holes released today also confirm additional high-grade mineralization in the eastern portion Brewery Creek property.

Assays included 1.5 metres of 15.0 grams per tonne gold from a depth of 57.9m.

Other highlights from the program include 15.2 metres of 3.3 grams per tonne gold from a depth of 1.5 metres. The final high-grade intercept was 12.2 metres of 2.1 grams per tonne gold at 19.8 metres down.

The relatively shallow gold presence at the site is especially valuable, as shallow views provide immediate production targets.

The intercepts now extend mineralization over a 3.5 km strike through several mineral resource areas.

The current data indicated that gold mineralization is continuous between the resource areas and this trend remains open for resource expansion along strike and at depth along the entire reserve trend.

Golden Predator’s CEO Janet Lee-Sheriff said the results confirmed the oxide gold the company had been looking for.

“These final results of the Brewery Creek 2019 drill program confirm continuous gold mineralization along a 3.5 km segment of the 9km long Reserve Trend extending from the western edge of Fosters along strike to the east through the lucky zone.

“The reserve trend represents one of three known mineral trends on the Brewery Creek Project site, but we have made a clear decision to focus our efforts solely on the licensed area where we are planning for a restart of mining activities,” he said.

Before the market opens, Golden Predator Mining (GPY) is trading at C$0.27 per share, with a market cap of $42 million.

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