VANCOUVER, Feb. 10 /CNW/ - Golden Predator Royalty & Development Corp. (TSX:GPD) (the "Company") is pleased to announce it has joined Alexco Resource Corp. (TSX: AXR), Capstone Mining Corp. (TSX: CS), Copper Ridge Explorations Inc. (TSX-V: KRX), Northern Freegold Resources Ltd. (TSX-V: NFR), Victoria Gold Corp. (TSX-V: VIT) and Western Copper Corporation (TSX: WRN) as founding members of the Yukon Gold Mining Alliance. The YGMA is holding an investment community launch at the Metropolitan Hotel in Vancouver, British Columbia at 1:30 pm on February 11th, 2010.
"The focus of the Yukon Gold Mining Alliance is on awareness of investment opportunities in gold, silver and copper companies in the Yukon," said Mr. William M. Sheriff, Chair & CEO. "The Alliance has been formed to complement and expand upon the promotion and marketing already being carried out by individual companies and the Yukon government."
Mr. Scott Kent has been appointed the Chair of the YGMA. Mr. Kent's past experience includes serving as a Yukon Cabinet Minister, an Executive Committee Member of the Yukon Environmental and Socio-economic Assessment Board and the Executive Director of the Yukon Chamber of Mines.
"The purpose of the YGMA is to encourage investment in the Yukon and in companies with long-term commitments and investments in the Territory," said YGMA Chair Scott Kent. "The Yukon already has a strong reputation as an excellent place to do business. However, our member companies have noted a lack of knowledge within the investment community about the Yukon and its potential for mineral exploration and mining, which the Alliance will address."
About the Yukon Gold Mining Alliance
The Yukon Gold Mining Alliance (YGMA) is a non-profit industry association with a current membership of seven gold, silver and copper companies working in Yukon mineral exploration and development. The YGMA's goals include:
- liaising between the mining industry and investors;
- promoting awareness of and strengthen investment in member companies
and the Yukon;
- building awareness of established companies which are committed to
mineral exploration and development in the Yukon.
The YGMA will host events to present information to the investment community in Canada, the United States and Europe. In addition, the YGMA will work to bring analysts, media and the investment community to the Yukon to view properties and see the Territory first-hand.
Member companies must have established NI 43-101 compliant resources and or must have spent $2.5 million in drilling programs in the Yukon in five of the last seven years. Member companies must also adopt and adhere to a corporate sustainability policy including community relations, environmental responsibility and labour relations.
About Golden Predator Royalty & Development Corp.
Golden Predator's corporate mandate is to establish a self-funded gold company focused on the Yukon, Canada.
The Company has a leading gold position in the Yukon and is focused on exploring for and developing world class gold deposits in the Yukon's Tintina Gold Belt, where the Company is aggressively exploring the Gold (Scheelite) Dome, Eureka, Antimony Mountain, Clear Creek and Brewery Creek projects.
The Company is advancing its Adelaide project in Nevada with underground drilling and bulk sampling planned. In addition, further drilling is planned at Golden Ridge, and Lantern to potentially provide near term production of small-tonnage high grade ores. The Company intends, through its strategic use of modular mills at its Taylor and Humboldt mill sites, to become a gold producer capable of funding its Yukon program. In addition, the Company currently receives in excess of $1.0 M per year from its royalty stream.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Golden Predator's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Golden Predator assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
SOURCE Americas Bullion Royalty Corp.
For further information: For further information: Golden Predator Royalty & Development Corp., Investor Relations, (604) 648-GOLD (4653)