EDMONTON, Alberta--(BUSINESS WIRE)--
Golden Predator Mining Corp. (GPY.V) (the “Company”)
is pleased to announce Mr. Dennis Fentie has joined the Golden Predator
Board of Directors.
Mr. Dennis Fentie
Mr. Fentie served as the Premier of the
Yukon from 2002 to 2011, having first entered politics in 1996 as the
MLA for Watson Lake. He has represented both the Yukon Party and the New
Democratic Party during his tenure. As Premier he also served as
Minister of Finance, Minister responsible for devolution, land claims
and Yukon Energy Corp. and as the Minister of Environment. Mr. Fentie's
priorities included rebuilding the Yukon economy, formalizing relations
with First Nations and revitalizing the mining industry. During his
tenure the unemployment rate in Yukon declined from 9.8% to
approximately 4%, annual mineral exploration expenditures grew from $7
million in 2002 to over $300 million in 2011 and the value of mineral
production grew 264 percent. Mr. Fentie currently is a private
businessman residing in Watson Lake, Yukon.
“Working together, the Yukon offers a wealth of opportunity to the
mining industry and to the people of the Yukon. It is important to
create partnerships in the community, specifically with First Nations to
get them more involved in the mining sector,” said Mr. Fentie. “I look
forward to serving with my former colleague Piers McDonald and a great
team of Yukoners on the Board.”
Mr. Fentie joins the current Board of Directors:
Blair Shiletto William M. Sheriff Greg Hayes Piers
McDonald Jesse Duke Bradley Thiele
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Co-Chair Co-Chair Chief Executive Officer
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Mr. Fentie replaces Mr. Toby Pierce on the Board, Mr. Pierce has
resigned to pursue personal interests and we thank him for his
commitment and years of service.
Chief Financial Officer Appointment
Mr. Timothy P. Leybold
has also replaced Ms. Natasha Tsai as Chief Financial Officer. We thank
Ms. Tsai for her service to the Company.
Golden Predator Mining Corp.
Golden Predator’s corporate
mandate is to advance the Brewery Creek project towards production
through a joint venture arrangement. In 2013, the Brewery Creek project
established an updated oxide resource estimate of 14.1 million Indicated
tonnes at an average grade of 1.27 g/t Au for 577,000 ounces and 9.3
million Inferred tonnes at an average grade of 0.94 g/t Au for 269,000
ounces. Resources were estimated with an average oxide cutoff grade of
approximately 0.50 g/t Au as disclosed in a NI 43-101 technical report
filed on SEDAR(1). The Brewery Creek mine operated from 1996
to 2002, before closing due to low gold prices. Mining licenses and
permits are in place for continued exploration along with a Socio
Economic Accord with the Tr'ondek Hwech'in. The Company holds additional
projects with current resources and/or new discovery potential,
including the high grade 3Aces and Grew Creek gold projects and the Marg
& Clear Lake polymetallic massive sulfide deposits.
For additional information:
Greg Hayes, Chief Executive
Officer
(587) 524 1599
or
William M. Sheriff,
Co-Chair
(208) 635 5415
info@goldenpredator.com
www.goldenpredator.com
1)NI 43-101 Technical Report on Resources, Brewery Creek Project, Yukon
Territory, Canada by Donald Hulse, P.E., SME-RM, M. Claiborne Newton,
III, Ph.D., SME-RM et al. Dated January 2014 filed on SEDAR.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained herein.
This press release contains projections and forward-looking information
that involve various risks and uncertainties regarding future events.
Such forward-looking information can include without limitation
statements based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance. There are
numerous risks and uncertainties that could cause actual results and the
Company’s plans and objectives to differ materially from those expressed
in the forward-looking information. Actual results and future events
could differ materially from those anticipated in such information.
These and all subsequent written and oral forward-looking information
are based on estimates and opinions of management on the dates they are
made and are expressly qualified in their entirety by this notice.
Except as required by law, the Company assumes no obligation to update
forward-looking information should circumstances or management's
estimates or opinions change.