North of 60 Mining News - The mining newspaper for Alaska and Canada's North

New junior options Grew Creek, Yukon

 

Last updated 2/5/2018 at 7:07pm



Bravura Ventures Corp. said Oct. 24 it has entered into an option agreement to acquire up to a 90 percent interest in Golden Predator Mining Corp.'s Grew Creek gold property in southeastern Yukon.

Golden Predator has invested roughly C$4.7 million on exploration at Grew Creek, including 19,000 meters of drilling in 70 holes, since 2010. Highlights from this work includes 68 meters of 5.96 grams per metric ton gold and 24.1 g/t silver in hole GCRC11-3281; 146.3 m of 1.72 g/t gold inGC10-0012; and 92 meters of 2.02 g/t gold in GC11-2813.

To earn 90 percent ownership of Grew Creek, Bravura Ventures has agreed to pay Golden Predator C$950,000 over a six-year earn-in period.

Additionally, Bravura has agreed to issue 2 million shares to Golden Predator over the first three years plus 2 percent of its undiluted issued and outstanding common shares annually over the final three years of the earn-in.

"The company is very excited in its latest option and welcomes the opportunity to align itself with a progressive company such as Golden Predator," said Bravura CEO Greg Burns. Bravura Ventures, a newly formed Vancouver-based exploration company, also recently entered into an option to acquire the Musgrove Creek gold project in Idaho.

-SHANE LASLEY

 

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