The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
GPD: TSX-V
Chairman and CEO: William M. Sheriff, B.Sc.
President: John Legg, B.A., LLB
Vice President Exploration (Canada): Michael G. Maslowski
Golden Predator Royalty & Development Corp. was spun out with the precious metal assets of Golden Predator Mines Inc. in 2009. Launching a C$15 million exploration campaign in 2011, the company has followed up on aggressive 2010 exploration of large precious metal projects in Yukon Territory with an eye to becoming a gold producer.
Golden Predator holds an extensive Yukon property position comprising more than 5,700 square kilometers (2,200 square miles), including three advanced projects, six pipeline projects and an extensive property package in the emerging Selwyn Basin District of the eastern Yukon.
The company continued drilling its flagship Brewery Creek project where it has successfully expanded the Bohemian-Schooner Zone and announced a significant discovery at the Sleeman Zone.
The explorer now believes Brewery Creek could host a multimillion-ounce gold resource, and is eyeing gold production at Brewery Creek by 2014.
Golden Predator is also investigating the potential for gold recovery from the existing heap leach pad at Brewery Creek.
Drilling also continued at Grew Creek where favorable results have been reported and at the recently acquired Harlan Project where it aims to drill 1,500 meters in nine holes this season.
During the final months of 2011, the company said it will focus on completing initial resource estimates for Grew Creek and Clear Creek and updating an existing resource estimate for Brewery Creek.
It also will continue to collect soil and stream sediment samples on its extensive, recently staked Selwyn Basin properties.
Golden Predator also monetized its silver properties by disposing of them to Silver Predator Corp., and currently holds a 17.78 percent interest in Silver Predator.
In addition, Golden Predator entered into a letter of intent with Wolfpack Gold Corp. and Seabridge Gold Inc. to dispose of certain of its U.S. assets.
The company also sold its Tonkin Springs Property interest for C$5.85 million and closed a C$22.77 million bought-deal private placement in March.
It also benefits from a gold royalty portfolio with average annual revenues exceeding C$1 million.
Cash and short-term deposits: C$19.69 million (May 31, 2011)
Working capital: C$23.64 million (May 31, 2011)
Market capitalization: C$136.59 million (Sept. 9, 2011)
1100 - 888 Dunsmuir Street
Vancouver, B.C., Canada V6C 3K4
Tel: 604-648-4653 Fax: 604-642-0604
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