The project currently holds valid licenses which expire on December 31, 2021. Thus, with the First Nation support, Golden Predator submitted renewal applications on existing terms and conditions for 10-year extensions.
“Tr’ondëk Hwëch’in has a long history of both direct involvement and consultation about the property with its various owners, including an amended and restated socio-economic accord signed in 2012,” the mining company said in a press release.
“Golden Predator is applying for renewals of the licenses with the same terms and conditions [and] will consider further licence amendments in the future which would be assessed separately, based on what the company proposes following the completion of the feasibility study.”
Located 55 kilometers from Dawson City, Brewery Creek is a brownfield, heap-leach gold mine that was operated by Viceroy Minerals from 1996 to 2002.
According to Golden Predator, a feasibility study on the project is being conducted by Kappes Cassiday & Associates and it will include a multi-year mine plan, an inventory of the mineralized material remaining on the heap and mine planning for the resumption of the mining of material from leachable resources contained within the licensed area.