2010 Mining Explorers: Golden Predator Royalty & Development Corp.

 

Last updated 10/31/2010 at Noon



GPD: TSX-V

Chairman and CEO: William M. Sheriff, B.Sc.

President: John Legg, B.A., LLB

Vice President Exploration (Canada):

Corwin (Cor) Coe, A.Sc.T., B.Sc., P.Geo.

Golden Predator Royalty & Development Corp., spun out with the precious metal assets of Golden Predator Mines Inc. in 2009, began operation with a gold royalty portfolio with average annual revenues exceeding C$1 million. The company is mandated to establish early high-grade precious metals production in Nevada, while conducting aggressive exploration and potential development of large precious metal projects in the prolific Tintina Gold Belt and the Rocky Mountain Alkalic Gold Province. The Vancouver, B.C.-based junior also rapidly acquired a huge asset base including a dozen or so mining projects and additional acreage across Yukon and northern British Columbia.

Golden Predator pulled out the stops this year, spending C$7 million to mount exploration programs at five advanced exploration projects in Yukon.

Drill rigs are busy at the Eureka, Clear Creek, Antimony, Brewery Creek, Gold (Scheelite) Dome projects, and exploration was under way at the recently acquired Cynthia and Grew Creek projects in eastern Yukon.

Golden Predator Sept. 7 reported initial results from 2010 diamond and reverse circulation drill programs on Clear Creek Project, including RC Hole No. CC10-07, which intercepted gold mineralization 1.87 g/t over 42.68 meters starting at 1.52 meters depth and including higher grade intervals of 2.59 g/t gold over 25.91 meters starting at 10.67 meters depth and 5.64 g/t gold over 9.15 meters starting at 16.76 meters depth.

The junior also increased its Clear Creek and Gold Dome land positions in Yukon to more than 230 square kilometers.

Golden Predator Sept. 1 further reported acquisition of the Rogue District, six separate properties located in east-central Yukon that comprise, in the aggregate, 3,154 quartz mineral claims covering about 659 square kilometers, or 254.4 square miles, of land.

The acquisition doubled not only the junior's land holdings but also the number of its active projects in Yukon.

Cash and short-term deposits: C$7.66 million (at May 31, 2010)

Working capital: C$11.04 million (at May 31, 2010) ($3.01 million raised in private placement in August 2010)

Market capitalization: C$45.39 million (Sept. 10, 2010)

1100 - 888 Dunsmuir St. • Vancouver, B.C.

Canada V6C 3K4

Tel: 604-648-4653 • Fax: 604-642-0604

http://www.goldenpredator.com

 

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