Tuesday, September 29, 2020

Golden Predator Mining (NTGSF)(GPY:CA)

Drilling Program Begins; Feasibility Study Expected in Q1-21

Golden Predator Mining Corp is a Canada based exploration stage company engaged in the business of acquiring and exploring mineral properties. It owns properties primarily in Yukon, Canada. Some of the company's projects located in Yukon are the 3 Aces, Sprogge, Reef, Brewery Creek, Marg, Sonora Gulch, Grew Creek, Upper Hyland and others.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Drilling program begins. Golden Predator has commenced a 3,000-meter reverse circulation drilling program, along with a 1,000-meter metallurgical core drilling program. Drilling started on September 22 and is expected to be complete by the end of October. While a recent updated technical report confirmed the efficacy of combining four deposits (Canadian, Fosters, Golden and Kokanee) into one elongated pit now named "Keg", drilling will focus on connecting these four with a fifth deposit known as Lucky. Core drilling samples will be used in leach column tests to confirm whether a coarser crush size results in better recoveries of gold.

Bankable feasibility study (BFS) expected in Q1-21.  A BFS is being completed by Kappes Cassiday & Associates and will include a multi-year mine plan for the advancement of the Brewery Creek project. The BFS will include an inventory of material on the heap to be re-processed and a plan to resume mining of material from leachable resources contained within the licensed area and reported in ...

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.