Golden Predator Reports Final Drill Results from Brewery Creek Mine - Seite 2

2020 Brewery Creek Exploration Program - Classic/Lone Star
Three reverse circulation drill holes, totaling 687 m, were completed in 2020 targeting newly defined extensions of the Classic/Lone Star porphyry-style mineralization. The drill holes were widely-spaced step-out holes drilled at significant distances from any existing drilling at the Classic and Lone Star areas. Two of the drill holes (RC20-2710 and RC20-2711) were located approximately 500 m from each other and 650 m southeast of the closest previous drilling within the Classic and Lone Star areas. No significant gold was intersected in either drill hole. The third drill hole (RC20-2712), located approximately 1,330 m to the east of the nearest previous drilling, tested a coincident aeromagnetic and radiometric anomaly indicating a structural zone along the margin of a biotite monzonite intrusive within an area of spotty gold and arsenic in soil geochemistry. This initial test was encouraging with gold intersected in two intervals of monzonite with 0.33 g/t gold over 1.52 m at a depth of 120.40 m and 0.27 g/t gold over 1.52 m at a depth of 131.06 within a 15.29 m zone of anomalous mineralization. Mineralization within the zone consists of pyrite with local arsenopyrite associated with chlorite and calcite alteration minerals.

Continuing exploration will develop extensions to the Classic and Lone Star area mineralization, a near surface bulk tonnage target that lies approximately 3 km south of the Brewery Creek Reserve Trend. Together with the Lone Star zone, the Classic zone demonstrates the discovery potential of the entire southern portion of the large Brewery Creek property where a large syenite intrusion hosts gold mineralization primarily in sheeted quartz/carbonate/pyrite veins and as fine-grained disseminations. Initial column leach tests have indicated that this intrusive hosted mineralization is leachable to at least a 200 m depth. This mineralization is clearly a separate younger mineralizing event not associated with the quartz monzonite, thrust fault hosted, mineralization historically exploited in the Reserve Trend which is the subject of the ongoing bankable feasibility study.