Golden Predator Positioned to
Advance Brewery Creek;
Appoints Chief Operating
Officer and Chief Mining Engineer
Golden
Predator Corp. (TSX:GPD) (the �Company�) is pleased to announce the
appointment of Mr. Michael Maslowski as Chief
Operating Officer and Mr. Randall (Randy) Peterson as Chief Mining Engineer.
Mr. Maslowski has been charged with responsibility
for all the Company�s exploration and development operations, with his initial
focus being the advancement of the Brewery Creek Project to a near-term
production decision. Mr. Peterson�s primary responsibility will be to develop
and implement operational plans for the Brewery Creek Project.
�These appointments mark a major milestone for Golden Predator as we move
towards production at our flagship Brewery Creek Project,� said William M.
Sheriff, Chairman and CEO. �I look forward to working closely with both Mike
and Randy as we work to transition into a mid-tier gold producer.�
Michael G. Maslowski, BSc, CPG
Mr. Maslowski brings 30 years of exploration and
production experience to Golden Predator. Prior to his appointment as Vice
President, Exploration (Canada) of the Company in June 2011, Mr. Maslowski served as the Assistant General Manager for Coeur
d�Alene Mines�s 6,000 tpd Palmarejo Mine in Mexico. Mr. Maslowski
oversaw daily open pit and underground operations (including managing the work
of 950 employees & on-site contractors as well as managing corporate and
governmental communications). Under Mr. Maslowski�s
management the Palmarejo Mine grew from construction
phase to sustained production, with silver and gold production rising from
350,000 to 600,000 oz and 7,000 to 10,000 oz per month, respectively. Mr. Maslowski
holds a BSc in Geological Engineering from the Colorado School of Mines and is
a Certified Professional Geologist with the American Institute of Professional
Geologists.
Randall D. Peterson,
MSc, MBA, PEng
Mr. Peterson has over 25 years� experience in all facets of the mining
industry, from mine planning and design through permitting, operations and
reclamation in the USA, Canada, Australia and Mexico. Mr. Peterson has worked
in coal, precious metals and phosphate operations, in both surface and
underground operations, as well as in the industrial construction industry. Mr.
Peterson holds a Master of Science degree and a Master of
Business Administration degree from the University of Utah and is a Registered
Professional Engineer.
Brewery Creek Project
Golden Predator holds an option to acquire up to a 75% interest in the Brewery
Creek Project from Alexco Resources and is working
aggressively towards a near-term production decision. To date in 2011 the
Company has completed more than 290 drill holes at Brewery Creek, totalling over 45,000 m. Drilling has been concentrated on
delineating the two 2011 discoveries at the Bohemian-Schooner and Sleeman Zones, with significant additional drilling on the
North Slope and Classic Zones, as well as the newly identified Ice Fog Zone.
Results are pending for over 100 of these holes. Year-round drilling continues
at Brewery Creek, with 2 core rigs and one RC rig presently operating on site.
Resource modeling in support of an updated resource estimate is well underway.
The Brewery Creek Project is a past producing heap leach gold mining operation
with a total of 278,484 oz Au produced from seven
near-surface oxide deposits along the property's Reserve Trend from 1996
through 2002, when the mine (operated by Viceroy Resource Corporation) shut
down due to low gold prices. The 187 km2 property is located 55 km due east of
Dawson City, accessible by paved and gravel roads from the junction of the
North Klondike and Dempster Highways. In May 2011 the Company staked an
additional 204 quartz claims east of the historic Brewery Creek property,
increasing the Project to a total of 997 quartz claims.
The Project is in receipt of all necessary permits, including the Class 3
Mining Land Use permit required to conduct additional exploration. The Brewery
Creek Project is authorized under a Type A Water
License with an expiry date of December 31, 2021, subject to the restrictions
and conditions contained in the Yukon Water Act and Regulations. The Project
also has a production license with an expiry date of December 31, 2021, and the
ninety-three mining leases covering mine facilities, pits, waste dumps and
adjacent drill indicated deposits have expiry dates beginning in 2016. In
addition, a Socio-Economic Accord with Tr'ondek Hwech'in First Nation with
respect to the Brewery Creek Project is in place.
About Golden Predator Corp.
Golden Predator Corp., Yukon�s Gold Company, is a
well-funded exploration company mandated to create a mid-tier gold producer.
Golden Predator�s road-accessible advanced properties include its flagship
Brewery Creek Project on which the Company is moving aggressively to a near
term production decision, as well as its Grew Creek and Clear Creek Projects.
Golden Predator has the largest
controlled land position in the Yukon, with exploration holdings in excess of
1,400,000 acres (over 5,700 km2), and is committed to strong relationships with
Yukon First Nations and communities. Golden Predator�s management and technical
teams continue to lead aggressive exploration programs in the underexplored
regions of the Yukon, and are driven to bring value to shareholders and leave a
positive legacy in the Yukon.
For additional
information:
Golden Predator Corp.
William M. Sheriff, Chairman & Chief Executive Officer