GOLD: Brewery Creek PEA points way for Golden Predator

YUKON – Golden Predator Mining Corp., headquartered in Hayden, ID, says the preliminary economic assessment of the Brewery Creek gold property gives the project a net present value of $18.1 million if gold is US$1,150/oz or $114.5 million if the gold price rises to US$1,500/oz. Using the same prices, the internal rate of return would vary between 12% to 45%. The numbers are pre-tax and a 5% discount rate is assumed.

Brewery Creek, located 55 km east of Dawson City, is a former gold producer, operated by Viceroy Gold from 1996 to 2002. Golden Predator is examining the re-processing of the heap leach material and waste rock. About one-third of the feed will come from the former heap leach.

Golden Predator says the PEA includes 14.1 tonnes of oxide material at 1.27 g/t Au in the indicated category and 9.3 million tonnes at 0.93 g/t Au in the inferred category.

Total life of mine capital requirements are $89.4 million, including sustaining capital of $4.2 million. Life of mine opiating costs are estimated to be $19.95 per tonne of feed treated.

For additional information, please see GoldenPredator.com.