Golden Predator Announces Former Yukon Premier Dennis Fentie Appointed to the Board of Directors
EDMONTON, Alberta--(BUSINESS WIRE)--Golden Predator Mining Corp. (TSX.V: GPY) (the “Company”) is pleased to announce Mr. Dennis Fentie has joined the Golden Predator Board of Directors.
“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”
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:
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.
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.
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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.