Overview
From the web site: Golden Predator's corporate mandate is to establish a self-funded gold exploration company with an immediate focus on exploring for and developing world class gold deposits in the Yukon's Tintina Gold Belt. The Company seeks internal revenue generation from early high grade precious metals production in Nevada augmented by increasing revenues from its royalty portfolio.
In the Yukon, the Company is aggressively exploring Gold (Scheelite) Dome, Brewery Creek, and Antimony Mountain in the Tintina Gold Belt. In addition, further advanced exploration & development projects within this prolific Belt are being evaluated for potential acquisition.
In Nevada, Golden Predator is drilling a number of its properties with bonanza-style gold mineralization in 2009 with the intent of identifying one or more properties for near term production of small-tonnage high grade ores. The Company intends, through its strategic use of its Taylor Mill near Ely, Nevada and a facilities use agreement at EMC Metals Corp.'s Springer Facility in Pershing County, Nevada, to become a mid-tier precious metals producer.
Golden Predator is partially self-financed through its passive pre-production royalty stream from a portfolio of properties, yielding approximately $1.2 million during 2009. The Company owns royalties on several known deposits including a portion of the Barrick Bald Mountain property, the Pan deposit of Midway Gold, significant portions of US Gold's Tonkin Springs deposit and Evolving Gold's Rattlesnake project.
Highlights
- Royalty package bringing in $1.2MMCAD in 2009, potential for $10-12MM within 4-5 years
- Nevada small mines division - low tonnage, high grade deposits.
- Taylor Mill & Springer Facilities (use agreement, EMC-owned) - near-term mid-tier gold production
- Yukon exploration
--- Brewery Creek Mine - near-term production, mill with water rights and mining license.
--- Gold Dome
--- Antimony Mountain
Work In Progress
10/08/09 - Core rig drilling at Golden Ridge Project, California
11/10/09 - Announced drilling at Eagleville
11/10/09 - Announced initial holes from Adelaide, additional holes pending assays
Share Structure
From the August 2009 PP announcement: "Of the 4,400,000 flow-through shares issued, 730,000 are subject to a hold period expiring November 22, 2009 and 3,670,000 are subject to a hold period expiring December 8, 2009. The shares and share purchase warrants comprised in the 500,000 non-flow-through units are subject to a hold period expiring November 15, 2009."
Resources
Golden Predator web site
Golden Predator projects (Google Docs spreadsheet)
Charts and Images
Clear Creek Project - Location Map
Adelaide Project - Drill Collar Location Map
Yukon project locations
Weekly chart |
