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Resource Clips


Posts tagged ‘Golden Predator Corp (GPD)’

Reaping the harvest

January 18th, 2013

Golden Predator to become royalties and streaming company Gold Bullion Royalty Corp

by Greg Klein

(Update: Effective February 22, 2013, Golden Predator Corp began trading as Americas Bullion Royalty Corp TSX:AMB.)

In a late afternoon announcement January 18, Golden Predator Corp TSX:GPD proposed a new name and strategy. Currently an advanced-stage exploration company moving towards production, Golden Predator plans to become Gold Bullion Royalty Corp, a company “focused entirely on royalty creation.”

The newly formed Golden Predator Canada Corp would continue advancing Yukon’s Brewery Creek towards its targeted 2014 gold production.

The proposed new company, Golden Predator Canada Corp,
would continue advancing Yukon’s Brewery Creek towards
its targeted 2014 gold production.

The company stated it “intends to build on its existing portfolio of 34 projects to increase revenue and provide lower risk exposure to shareholders through a variety of gold and silver projects in which it will retain a royalty, metal stream or other interest.

“The company plans to divest Golden Predator Canada Corp, which will continue to advance the Brewery Creek Project, as well as a number of other significant properties across the Yukon. This proposed segregation of its two main business components, by spin-out or other mechanism, is designed to maximize shareholder value by allowing the market to independently value two very different businesses.”

How that will happen has yet to be determined. Pending tax and legal advice, the process could involve “a plan of arrangement, dividend or other suitable method” which would have shareholders owning both companies, which would be staffed independently. Golden Predator Canada Corp would apply for a TSX or TSXV listing.

The Gold Bullion portfolio already includes gross proceeds royalties on Midway Gold’s TSXV:MDW Pan and Gold Rock deposits, a 4% GPR on Barrick Gold’s TSX:ABX DTR property, a 1% GPR on a nearby Barrick property and a 2% NSR on Silver Predator’s TSX:SPD Taylor Silver project.

The statement added, “The company controls a royalty package of 34 North America properties, most of which are owned by Gold Bullion Royalty Corp and under lease to a variety of companies including Evolving Gold [TSX:EVG], Orsa Ventures [TSXV:ORN], Columbus Gold [TSXV:CGT],” among others.

“The royalty portfolio also includes several deeded royalties covering projects of McEwen Mining [TSX:MUX], NV Gold [TSXV:NVX] and Silver Scott Mines [OTCPK:SILS].” While the royalty packages brought in $799,762 last year, the company expects royalty revenue to increase as its portfolio grows and projects advance.

The royalty portfolio is “unique in the mineral development industry due to its ability to receive the majority of projected revenues in-kind (gold bullion as opposed to cash),” the statement added.

Golden Predator Corp’s stock opened January 18 at $0.345, a penny higher than its previous close. The shares then reached $0.35 before closing on $0.33. With 153 million shares outstanding, the company had a press time market cap of $50.49 million.

Cross-continent quest

October 4th, 2012

News from Saskatchewan, Mexico, Yukon and the Dominican Republic

by Greg Klein
Next Page 1 | 2

A third mine has begun operations at penny-stock gold-producer Golden Band Resources’ TSXV:GBN central Saskatchewan La Ronge Gold Project. The first ore shipment left the Komis open pit on October 3 for the company’s Jolu Mill, 32 kilometres southwest. Komis is expected to produce 340,000 tonnes grading an average 6.62 grams per tonne gold over an 18-month life.

“The Komis orebody remains open along strike and at depth,” company President Rob Garden said in an October 4 news release. “More drilling is planned that we believe will delineate an increased resource.”

The company began commercial production from its Roy Lloyd underground mine in April 2011, with additional production from its EP open pit starting in December 2011. Golden Band’s La Ronge land package covers 870 square kilometres.

News from Saskatchewan, Mexico, Yukon and the Dominican Republic

Crew members examine drill core at GoGold’s flagship San Diego Project in Mexico.

But cash costs of $1,377 an ounce during fiscal 2013 Q1 (ending July 31, 2012) contributed to a quarterly net loss of $3.6 million. The company projects fiscal 2013’s cash costs between $1,000 and $1,150 an ounce. Golden Band expects to produce about 40,000 to 45,000 ounces during that year.

Golden Band shares closed October 4 at $0.185 after opening the day at $0.175, half a cent below their October 3 close. The company’s 52-week high and low are $0.35 and $0.14.

Among companies reporting assays on October 4, GoGold Resources TSXV:GGD announced some long intervals from the Chispa De Oro Target of its flagship San Diego Project in Durango State, Mexico. Some highlights include

  • 56.9 grams per tonne silver, 0.21 g/t gold and 0.65% copper over 129.7 metres
  • (including 111.5 g/t silver, 0.42 g/t gold and 1.08% copper over 70.1 metres)
  • (including 96.3 g/t silver, 0.28 g/t gold and 3.37% copper over 22 metres)
  • 33.4 g/t silver, 0.09 g/t gold and 0.25% copper over 83.5 metres
  • (including 43 g/t silver, 0.13 g/t gold and 0.28% copper over 47.5 metres)
  • (including 35 g/t silver, 0.11 g/t gold and 0.32% copper over 17 metres)
  • 12.6 g/t silver, 0.02 g/t gold and 0.31% copper over 118.6 metres
  • (including 70.5 g/t silver, 0.1 g/t gold and 1.3% copper over 18.5 metres)
  • 11 g/t silver, 0.02 g/t gold and 0.36% copper over 104.2 metres
  • (including 17 g/t silver, 0.02 g/t gold and 0.48% copper over 55.1 metres)

True widths have yet to be determined. Depths extend to 130 metres.

An additional drill is now focusing on the Chispa South Target, within the 3.5-kilometre Chispa De Oro Target, which the company describes as a “large high-sulphidation epithermal system potentially underlined by a silver-gold-copper porphyry.” Chispa South shows an intrusive quartz diorite and injection breccia which GoGold believes is part of a porphyry system in the area. The breccia and the quartz diorite intrusive are exposed on surface, the company stated.

GoGold has an April 2012 resource estimate for its Parral Tailings Project to the north, in Chihuahua State. Using a cutoff of 0.4 g/t gold-equivalent, the measured category shows 34,000 gold ounces and 4.7 million silver ounces, while the indicated category shows 180,000 gold ounces and 21.7 million silver ounces.

GoGold shares held steady at $1.40 on October 4 after closing the previous day at $1.38. The company’s 52-week high and low were $1.78 and $1.11.
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Golden Predator reports Yukon Gold Assays up to 1.97 g/t over 18m, 1.71 g/t over 23.1m

July 27th, 2012

Resource Clips - essential news on junior gold mining and junior silver mining

Golden Predator Corp TSX:GPD announced the first assays from the West Big Rock Zone of its Brewery Creek Project in Yukon Territory. Results include

1.03 grams per tonne gold over 19.6 metres
(including 6.27 g/t gold over 1.6 metres)
1.46 g/t gold over 11.4 metres
(including 3.7 g/t gold over 2.2 metres)
1.97 g/t gold over 18 metres
(including 5.88 g/t gold over 4.4 metres)
1.71 g/t gold over 23.1 metres
(including 7.01 g/t gold over 2.8 metres)
1.64 g/t gold over 23.2 metres
0.78 g/t gold over 23.9 metres
0.79 g/t gold over 20.1 metres
1.4 g/t gold over 11.4 metres
2.08 g/t gold over 14.5 metres
1.55 g/t gold over 25.5 metres

Brewery Creek is located on 187 square kilometres 55 kilometres east of Dawson City and is accessible by paved and gravel roads. It produced 278,484 gold ounces from 1996 to 2002. A June 2012 43-101 technical report estimated an indicated resource of 20.4 million tonnes grading 0.89 g/t gold for 581,000 ounces gold and an inferred resource of 13 million tonnes grading 0.83 g/t gold for 346,000 ounces gold, at cutoff grades of 0.2 g/t for oxides and 0.7 g/t for sulfides.

View Company Profile

William M Sheriff
Chairman/CEO
604.648.4653

by Kevin Michael Grace

Golden Predator report Yukon Gold Assays: 1.22 g/t over 59.2m, 1.04 g/t over 17.3m

July 19th, 2012

Resource Clips - essential news on junior gold mining and junior silver mining

Golden Predator Corp TSX:GPD announced the first assays from the Moosehead Zone of its Brewery Creek Project in Yukon Territory. Results include

0.66 grams per tonne gold over 11.7 metres
0.96 g/t gold over 26.9 metres
1.24 g/t gold over 12 metres
1.04 g/t gold over 12 metres
1.01 g/t gold over 16.8 metres
1.89 g/t gold over 6 metres
0.61 g/t gold over 19.2 metres
1.22 g/t gold over 19.2 metres
(including 3.23 g/t gold over 9.7 metres)

Brewery Creek is located on 187 square kilometres 55 kilometres east of Dawson City and is accessible by paved and gravel roads. It produced 278,484 gold ounces from 1996 to 2002. A June 2012 43-101 technical report estimated an indicated resource of 20.4 million tonnes grading 0.89 g/t gold for 581,000 ounces gold and an inferred resource of 13 million tonnes grading 0.83 g/t gold for 346,000 ounces gold, at cutoff grades of 0.2 g/t for oxides and 0.7 g/t for sulfides.

View Company Profile

William M Sheriff
Chairman/CEO
604.648.4653

by Kevin Michael Grace

Golden Predator reports Yukon Gold Assays as high as 1.46 g/t over 20.8m

May 8th, 2012

Resource Clips - essential news on junior gold mining and junior silver mining

(Update: Effective February 22, 2013, Golden Predator Corp began trading as Americas Bullion Royalty Corp TSX:AMB.)

Golden Predator Corp TSX:GPD announced drill results from the West Big Rock zone of its Brewery Creek Project in Yukon. Highlights include

1.12 g/t gold over 17.1 metres
1.1 g/t over 20.1 metres
0.92 g/t over 22 metres (including 4.38 g/t over 1.6 metres)
1.46 g/t over 20.8 metres
1.36 g/t over 12.4 metres

The Brewery Creek Project has an NI 43-101 indicated resource of 581,000 ounces gold and 345,000 ounces gold inferred. The project produced 278,484 ounces of gold between 1996 and 2002.

View Company Profile

Contact:
William H. Sheriff
Chairman/CEO
604.648.4653

by Ted Niles

Golden Predator reports Yukon Assays of 1.81 g/t Gold, 19.7 g/t Silver over 40.9m

March 22nd, 2012

Resource Clips - essential news on junior gold mining and junior silver mining

(Update: Effective February 22, 2013, Golden Predator Corp began trading as Americas Bullion Royalty Corp TSX:AMB.)

Golden Predator Corp TSX:GPD announced drill results from the Sleeman zone of its Brewery Creek project in Yukon. Highlights include

1.17 g/t gold and 21.2 g/t silver over 14 metres
1.35 g/t gold and 66.5 g/t silver over 3.7 metres
1.81 g/t gold and 19.7 g/t silver over 40.9 metres
1.11 g/t gold and 13.9 g/t silver over 16.9 metres
(including 2.68 g/t gold and 37.5 g/t silver over 3.4 metres)

The Brewery Creek project produced 278,484 ounces gold between 1996 and 2002. A resource estimate is currently underway and is expected April 2012.

View Company Profile

Contact:
William M. Sheriff
Chairman/CEO
604.648.4653

by Ted Niles

Golden Predator reports Yukon Gold Assays including 1.47 g/t over 24m

March 16th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGolden Predator Corp TSX:GPD announced results the Bohemian-Schooner zone of its Brewery Creek project in Yukon. Assays include

1.47 g/t gold over 24 metres
0.96 g/t over 28.7 metres

The Brewery Creek project produced 278,484 ounces gold between 1996 and 2002. A resource estimate is currently underway and is expected April 2012.

View Company Profile

Contact:
William M. Sheriff
Chairman/CEO
604.648.4653

by Ted Niles

Golden Predator reports Yukon Results including 1.97 g/t Gold over 30.5m

January 12th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGolden Predator Corp TSX:GPD announced assays from the North Slope Zone of its Brewery Creek Project in central Yukon. Results include

1.97 g/t gold over 30.5 metres
(including 5.16 g/t over 7.6 metres)
2.06 g/t over 10 metres
1.04 g/t over 35.1 metres

Brewery Creek has a July 2009 resource estimate of 3.98 million tonnes grading 1.14 g/t gold indicated and 2.2 million tonnes grading 2.01 g/t inferred. An updated estimate is anticipated before the end of January.

View Company Profile

Contact:
William M. Sheriff
Chairman/CEO
604.648.4653

by Greg Klein

Golden Predator reports Yukon Gold Assays including 2.1 g/t over 16.7m

January 11th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGolden Predator Corp TSX:GPD announced results from its Cache Creek project in the central Selwyn Basin, Yukon. Assays include

0.53 g/t gold over 57 metres
0.49 g/t over 39.9 metres
0.51 g/t over 77.4 metres (including 0.77 g/t over 35.6 metres)
2.1 g/t over 16.7 metres (including 6.85 g/t over 4.5 metres)

Chairman/CEO William Sherriff commented, “We are extremely encouraged by the results from Cache Creek. This is our third discovery from the 2011 drill campaign, following on our 2-headframe finds at the Bohemian-Schooner and Sleeman Zones at our Brewery Creek Project. The wide-spaced nature of the initial 6 holes, coupled with the multiple intercepts in the last two holes and mineralized intervals in excess of 50 metres in both, is cause for excitement. We look forward to additional drilling in 2012 on the newly discovered Vortex Zone, as well as initial drill testing of the neighbouring West Porphyry Zone.”

View Company Profile

Contact:
William M. Sheriff
Chairman/CEO
604.648.4653

by Ted Niles

Golden Predator reports Yukon Gold Assays as high as 2.3 g/t over 23.5m

January 6th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGolden Predator Corp TSX:GPD announced assays from the North Slope zone of its Brewery Creek project in the Yukon. Results include

3.2 g/t gold over 16 metres
3.2 g/t over 5.4 metres
2.3 g/t over 23.5 metres
1.23 g/t over 22 metres

The Brewery Creek Project has a resource estimate of 3.98 million tonnes grading 1.14 g/t gold indicated and 2.2 million tonnes averaging 2.01 g/t inferred. The project is located 55 kilometres east of Dawson City.

View Company Profile

Contact:
William M. Sheriff
Chairman/CEO
604.648.4653

by Ted Niles