RE:RE:NewsOh c'mon. Of all the assets in the world, precious metals (and especially gold) is holding its value...and in fact, going higher. Heck, you can buy 2 ounces of platinum for just one ounce of gold...when has that ever happened?
And it's good thing they raised enough money (last year) to conduct the current exploration, because the results have proven to be extremely good...which increases the value of the property.
VANCOUVER, British Columbia, March 11, 2020 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports continuing positive drill results from its 2019 drill program at its 100% owned and licensed Brewery Creek Mine project located 45 minutes from Dawson City, Yukon. Step-out drill holes at the Lucky Zone along Brewery Creek’s prolific Reserve Trend extended gold mineralization an additional 100 m of strike length to the southwest of the historic Lucky Pit. Nineteen of the 20 drill holes reported today encountered significant gold grades. The holes released today also confirm the down dip continuation of mineralization below the historic Lucky pit and the known resource area.
Highlights of the Lucky Zone 2019 drill program include:
- 2019 drill results to date have confirmed continuous gold mineralization over a 3.1 km strike length along the Reserve Trend. Modelling indicates that the previously separate Lucky, Fosters, Kokanee and Golden resource areas have coalesced into a single continuous mineralized zone.
- Drill highlights include:
- 36.6 m of 1.73 g/t Gold from a depth of 45.7 m in hole RC19-2673
- 13.7 m of 1.12 g/t Gold from a depth of 62.5 m in hole RC19-2674
The final 15 Lucky Zone drill hole results from the 2019 program are currently being processed and will be released as they become available.
To view Brewery Creek maps: https://www.goldenpredator.com/_resources/news/NR20-08_Lucky_Drill_Results_2020_Maps.pdf
Golden Predator CEO Janet Lee-Sheriff noted, “We continue to see previous small pits coalescing into larger continuous mineralization across the Reserve Trend. These observations are making Brewery Creek a larger and much more attractive project than previously envisioned. Our ongoing work to complete the restart feasibility study in April 2020 is also beginning to consider a much larger project going forward. A new resource estimate is also scheduled for the second quarter of 2020 to incorporate the drill data from the successful 2019 program.”