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Golden Predator Mining Corp. (GPY.V)

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Previous Close0.2250
Open0.2200
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52 Week Range0.1500 - 0.4800
Volume65,930
Avg. Volume154,963
Market Cap38.775M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.0650
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1y Target Est0.50
  • Golden Predator Completes 2020 Drill Program at Brewery Creek Mine, Yukon
    GlobeNewswire

    Golden Predator Completes 2020 Drill Program at Brewery Creek Mine, Yukon

    VANCOUVER, British Columbia, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) today announces the completion of its 2020 work program at its licensed 100%-owned Brewery Creek mine project ‎located approximately 55 km by road from Dawson City, Yukon. The 2020 program consisted of 60 drill holes for ~5,600 m of drilling including ~ 4,400 m of exploration and in-fill drilling plus 1,200 m of metallurgical and geotechnical drilling. All samples have been shipped and are currently being processed. Brewery Creek maps can be viewed at: https://www.goldenpredator.com/_resources/news/GPY-NR-2020-Drill-Program-Completed-MAPS.pdf.2020 Exploration and Technical Drill Program The 2020 Brewery Creek drill program consisted of exploration, in-fill, geotechnical, hydrogeologic and metallurgical drilling to advance the Bankable Feasibility Study currently underway and projected for completion in Q1/21.Infill Drilling This program builds on Golden Predator’s successful 2019 program that established continuity of mineralization within the licensed Reserve Trend between the eastern edge of the Canadian-Fosters-Kokanee-Golden pits east to the Lucky pit. The 32 reverse circulation drill holes drilled in 2020 were designed to fill in and expand the gold resource between the eastern Golden zone and western Lucky zone. The targeted mineralization between these zones has been offset by a high-angle normal fault and was previously untested until 2019 when the zone was intersected with multiple drill holes. Infill drilling within this 400 m gap between the eastern edge of the Fosters to Golden trend and the western edge of the Lucky zone is also to increase the density of drilling to convert Inferred resources to Indicated resources and confirm continuity of mineralization between the two deposits while testing for additional resources. The goal is to establish and confirm continuous mineralization along the Fosters-Canadian-Kokanee-Golden-Lucky zones for mine design now in progress as a part of the Brewery Creek Bankable Feasibility Study (BFS).A total of 32 reverse circulation drill holes totaling 3,706 m were completed in the gap area between the eastern edge of Golden and western edge of Lucky. Samples from this program have been submitted to ALS Laboratories for sample preparation in Whitehorse, Yukon and assaying in Vancouver, British Columbia. Initial assay results from the program are expected in late November with complete assay results expected by the end of the year.2020 Exploration Drilling of New Large-Scale Targets – Classic and Lonestar Zone The 2020 drill program, targeted newly defined extensions of the Classic/Lone Star porphyry-style intrusive, with 3 reverse circulation holes totaling 687 m. The holes were very wide 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 at least 650 m southeast of the closest previous drilling within the Classic and Lone Star zones. These holes targeted an area defined by anomalous gold and arsenic soil and rock chip geochemistry within a structural zone. The third drill hole (RC20-2711), 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. All three drill holes encountered multiple fault zones and variable amounts of intrusive rock as dikes/sills within the structural zones.The Classic Zone is 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-hosted mineralization historically exploited in the Reserve Trend which is the subject of the ongoing bankable feasibility study.Metallurgical & Geotechnical Drilling A total of 14 PQ diamond drill holes totaling 540 m were completed in Foster-Canadian-Kokanee-Golden and Lucky pit areas. The program was designed to obtain mineralized material from the Fosters, Kokanee, Golden and Lucky areas for additional column leach tests. The core was shipped to McClelland Labs in Reno, NV where it is currently being tested. The core samples will be used to conduct additional column leach tests at a coarser crush size of approximately 3/4” versus previous test work conducted at 3/8” crush size at Kokanee, Golden and Lucky. These column tests are being conducted to confirm the recent results of column leach tests run at various crush sizes on material from the historic heap leach pad where the data showed slightly better recoveries of gold in solution for the coarser 3/4” crush size. A coarser crush size would help streamline any recovery process. These tests will be detailed in the Bankable Feasibility Study currently underway.A total of eleven geotechnical/hydrogeologic drill holes were completed to support the ongoing Bankable Feasibility Study at Brewery Creek. A total of 975 m of drilling was completed in 8 diamond drill holes (792 m) and 3 reverse circulation drill holes (182 m). The diamond drill program was consisted of oriented, HQ3 core to support detailed fracture analysis of lithologies in the proposed pit walls and three of these were completed with piezometers. The 3 reverse circulation drill holes were drilled and completed as hydrogeologic monitor wells. Brewery Creek Mine: Resources¹2020 Brewery Creek Mineral Resource Estimate(1) LeachableTonnesg/tGold Oz. Indicated22,200,0001.11789,000 Inferred16,800,0000.92497,000      SulphideTonnesg/tGold Oz. Inferred30,600,0000.84828,000 Materials on the heap leach pad were not included in the resource update. Mineral Resources estimates conducted within a pit shell developed at $2,000/oz gold with an internal cut-off grade calculated at $1,500/oz gold was used to report mineral resource inventories. The resource estimate is based on a recovery model created from assay data, bottle and column leach test work and historic recovery analysis instead of a less accurate visual oxide-sulfide boundary developed from geologist drill logs. Sedimentary and intrusive rocks, which have distinct metallurgical characteristics, were estimated separately based on gold-grade distribution analysis.The current 2020 Mineral Resources Estimate supersedes the 2019 Mineral Resource Estimate. A supporting NI 43-101 Technical Report is filed on SEDAR at www.sedar.com.‎Brewery Creek Mine Work Plan The Brewery Creek Mine is a licensed brownfields heap leach gold mine that was operated by Viceroy Minerals Corporation from 1996 to 2002. Brewery Creek is authorized to restart mining activities as defined within the Quartz Mining License and Water License. The Company intends to resume mining and processing of licensed deposits when supported by an independent study that outlines technical and economic viability. The 180 km² property is located 55 km east of Dawson City and is accessible year-round by paved and improved gravel roads. Significant infrastructure remains in place, allowing for a timely restart schedule under existing operating licenses.A Bankable Feasibility Study (BFS) is being conducted by Kappes Cassiday & Associates of Reno, Nevada which will include a multi-year mine plan for the advancement of the Brewery Creek project. The BFS will include an inventory of the mineralized material remaining on the heap and mine planning (completed by Tetra Tech Inc of Golden, Colorado) for the resumption of the mining of material from leachable resources contained within the licensed area and reported in the Company’s Mineral Resource Estimate. The BFS will include all the key parameters involved in reconstructing or adding necessary infrastructure including a crushing facility, the Adsorption-Desorption-Recovery (“ADR”) plant and assay lab and an implementation schedule, sourcing, and economic cash flow model sufficiently detailed to move directly into procurement, development and construction if economically warranted. Any production decisions would be dependent on the outcome of a study demonstrating positive technical and economic viability.The technical content of this news release has been reviewed and approved by Michael Maslowski, CPG, a Qualified Person as defined by National Instrument 43-101 and is employed by the Company as its Chief Operating Officer.About Golden Predator Mining Corp. Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t gold the Company is completing a Bankable Feasibility Study for the restart of heap leach operations. The Brewery Creek Mine project operates with a Socio Economic Accord with the Tr’ondëk Hwëch’in First Nation.For additional information: Janet Lee-Sheriff Chief Executive Officer (604) 260-8435 info@goldenpredator.com www.goldenpredator.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains 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 that the Brewery Creek will advance to an early production decision, or the extent of any additional mineral resource that could result from incorporating 2019 exploration drilling. 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, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change. 1. The 2020 Mineral Resource Estimate was conducted in accordance with CIM guidelines and is reported in a NI 43-101 Technical Report which will be filed on SEDAR and the Company’s website within 45 days.

  • Group 11 Technologies Appoints Board of Directors
    GlobeNewswire

    Group 11 Technologies Appoints Board of Directors

    Board Focuses on Advancing Work to Demonstrate Commercial in-Place MiningDALLAS, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Group 11 Technologies Inc., (“Group 11”) a US-based private company committed to testing and implementing commercially viable processes for in-place (“In-Situ”) recovery of precious metals, announces the initial five appointees to the Company’s Board of Directors. Jeananne Hauswald, Director Ms. Hauswald is the Managing Partner of Solo Management Group and has spent more than 25 years in the investment management, corporate finance, strategic planning and human resource fields. She was a director of Constellation Brands, Inc and Thomas & Betts, Inc., both NYSE-listed companies, and was the Chairman of the Audit and Human Resource committees of both companies. She served as Vice President and Treasurer of the Seagram Company, where she was also responsible for overseeing the corporate secretary, risk management, benefits funding and investor relations departments. Prior to joining Seagram, Jeananne spent 15 years at Celanese Corporation as Assistant Treasurer, Jeananne’s early work experience included banking at Morgan Guaranty Trust Company and Strategic Planning at International Paper Company and Shell Oil. Ms. Hauswald received her MBA in Finance from New York University and has a BS in Chemistry from Iowa State University.Janet Lee-Sheriff, Director & President A co-founder of Group 11 Technologies Inc, Ms. Lee-Sheriff has served as Chief Executive Officer of Golden Predator Mining Corp. since 2015. Golden Predator’s Secondary Recovery Unit was used in the successful first field test of EnviroLeach’s proprietary, non-cyanide based, solution for the recovery of gold. She also serves as Executive Chair of Taku Gold Corp. and previously served as President of Tigris Uranium Corp. She has worked proactively for over 30 years with First Nation governments and business groups as a strong advocate for environmental and social sustainability, inclusion and regional economic benefits. She is a recipient of the Queen’s Jubilee Commemorative Medal awarded for outstanding achievements by Canadians, is a member of PDAC’s Indigenous Affairs Committee and a graduate of Queen’s University.David Morgan, Director Mr. Morgan is a renowned precious metals analyst that has been involved in the natural resource sector for over 30 years. He originated The Morgan Report, a monthly report that covers economic news, the global economy, and to invest in the resource sector. Mr. Morgan frequently travels the world providing presentations and media appearances. He has appeared on media outlets including Fox Business, CNBC, Wall Street Journal and BNN Blomberg. He holds degrees in finance and engineering. A dynamic, much-in-demand speaker all over the globe, he is a big-picture macroeconomist whose main job is education—educating people about honest money and the benefits of a sound financial system. Mr. Morgan has an MS Business from La Verne, Los Angeles, California and a BS Aeronautical Engineering from San Luis Obispo, California.Duane Nelson, Director Mr. Nelson is the founder and Chief Executive Officer of EnviroLeach Technologies Inc, a co-founder of Group 11 Technologies Inc. He has been instrumental in the development of EnviroLeach’s proprietary environmentally friendly solution to extract precious and strategic metals from ores, concentrates and e-Waste. Prior to EnviroLeach, Mr. Nelson was Chief Executive Officer and co-founder of Silvermex Resources Inc., a past TSX listed gold and silver producer. He is also the founder of Quotemedia Inc., a successful financial market data company and a leading provider of global financial stock market data for the Toronto Stock Exchange, NASDAQ, OTC, and others. Mr. Nelson also serves as a Director with NGO Sustainability, Inc., in consultative status to the United Nation’s Environment and Social Council.William M. Sheriff, Director Mr. Sheriff is a co-founder of Group 11 Technologies Inc. An entrepreneur and visionary with over 30 years’ experience in the minerals and securities industries, Mr. Sheriff was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp. He was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp for $1.8 Billion. Mr. Sheriff also founded and serves as Executive Chairman of Golden Predator Mining Corp. and enCore Energy Corp. and serves as a Director with Ely Gold Corp. and Exploits Discovery Corp. He holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso.Background on Group 11 Technology for Non-Invasive Extraction In Situ Recovery (“ISR”) is a non-invasive extraction method that has transformed the uranium industry: oxygenated water-based solutions are circulated underground, dissolving the targeted metals, and then returned to surface for processing and recovery. ISR’s unparalleled environmental advantage includes no open pits or underground mining, no tailings or large waste dumps and no discharge of noxious chemicals at surface. It is a low-impact, low capital cost mining method. As for remediation and rehabilitation requirements, ISR delivers substantially reduced mine-closure time and costs compared to conventional practices. In addition, energy requirements, water usage and the environmental footprint of mining projects are significantly reduced by ISR technology.Non-invasive extraction of minerals has been successfully implemented in the mining sector with many innovators and patent holders now involved at enCore, one of the Group 11 partners. These innovators pioneered In-situ Recovery which has been successfully utilized to recover metals including uranium and copper using liquid solutions other than cyanide. Group 11 is committed to the development and application of ISR extraction for gold and other metals using EnviroLeach’s patented environmentally friendly process along with enCore’s expertise in ISR extraction. This combination of expertise will advance a business model that has potential to disrupt the conventional mining industry.The Group 11 Team: The future of metals extraction is a serious challenge for the mining industry which must address mounting concerns over its environmental and carbon footprint, energy consumption, operational safety and its impact on water use and water quality while responding to an ever-increasing need for metals in our daily lives. Each Group 11 partner brings a vital skill set to address these challenges and create a unique business opportunity. Group 11 is backed by a top tier staff of scientists and engineers; an extraordinary data set; independent technical validations; strategic relationships; research and development and commercially proven processes and technologies.About Group 11 Technologies Inc. (‘Group 11’): is a private US-based company committed to the development and application of environmentally and socially responsible precious metals mineral extraction. The combination of non-invasive extraction technology and environmentally friendly processes to recover gold and other metals provides an alternate solution to conventional open pit and underground mineral extraction. The goal of advancing sustainable extraction considers growing concerns surrounding water use and discharge, carbon footprint, energy consumption, community stakeholders and workplace safety while addressing a growing global need for metals in our daily lives. Group 11 is owned by Enviroleach Technologies Inc. (OTCQB: EVLLF) (CSE: ETI), Encore Energy Corp. (OTCQB: ENCUF) (TSXV: EU) and Golden Predator Mining Corp. (OTCQB: NTGSF) (TSXV: GPY).Group 11 is a group of elements in the periodic table, also known as the coinage metals, consisting of gold (Au), silver (Ag) and copper (Cu). For additional information:         Group 11 Technologies Inc. Janet Sheriff, President 214-304-9552 info@gr11tech.com www.gr11tech.com Cautionary Note Regarding Forward-Looking Statements This news release includes certain forward-looking statements within the meaning of applicable securities laws including transactions and other properties, and the potential advancement thereof. Forward- looking statements are statements that relate to future, not past, events. In this context, forward- looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Estimates of mineral resources and reserves are also forward looking statements because they constitute projections regarding the amount of minerals that may be encountered in the future. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms and completion of the transaction are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

  • GlobeNewswire

    Group 11 Acquires First Precious Metals Test Projects

    Launches Work to Demonstrate Commercial in-Place Mining For Distribution in the US OnlyDALLAS, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Group 11 Technologies Inc., (“Group 11”) a US-based private company committed to testing and implementing environmentally responsible, commercially viable, in-place recovery of precious and other metals (“In Place Mining” or “IPM”), announced today it has successfully acquired four gold projects in Nevada and New Mexico (“the Projects”) for initial testing of its proprietary IPM technology. Together they represent a cross-section of potential applications of Group 11 IPM technologies, providing an opportunity to test diverse parameters for the application of IPM.The projects have previously identified mineralization through drilling and sampling and represent a cross-section of potential applications of Group 11 IPM technologies.  These projects provide an opportunity to test diverse parameters to consider their potential for IPM.  Full data sets have been collected for each project and are being evaluated by Group 11’s technical team.  Various factors including rock type, geologic setting, mineralogy, and water table levels are considered in project selection, criteria and initial test design work. Initial controlled lab testing of samples is to begin in the near future in advance of field testing. All projects are located in established US mining jurisdictions with excellent, all year access.“The projects we have selected represent valuable precious metal opportunities which, for various reasons, have not advanced beyond exploration,” said Janet Lee-Sheriff, President. “Previous work has provided sufficient technical information to allow for design and testing of a variety of geologic settings and types of mineralization to determine the suitability of our technology for IPM recovery of gold and other metals. We are excited to begin this work and develop our thesis that IPM can revolutionize the mining industry.”Lantern Project, Pershing County, Nevada The Lantern project contains several types of gold and silver mineralization in a number of geological settings and is considered the most promising test project due to previous advanced exploration by several companies including Santa Fe Mining, Lac Minerals and Quincy Gold.The geological setting is complex and includes gold and silver mineralization occurring as disseminations in lake sediments, volcanic fanglomerates, and quartz veins and stockworks in volcanic rocks. These settings offer a wide spectrum of deposit types to be tested for their amenability to Group 11’s IPM technology. In addition, both low-grade and high-grade mineralization and a variety of minerals including gold, silver, electrum and silver sulfosalts, sulfide, and selenides occur, furthering the range of possible testing parameters.Historic drilling encountered gold and silver in several settings including: * 13.72 m of 0.618 g/t gold from surface; and * 6.09 m of 202.4 g/t silver from a depth of 25.91 m; and * 21.33 m of 205.0 g/t silver from a depth of 56.39 m; and * 13.72 m of 1.01 g/t gold from a depth of 149.35 mClayton Ridge Project, Esmeralda County, Nevada The Clayton Ridge Project will be among the first mineralized projects tested by Group 11 as the style and type of near surface mineralization, with relatively simple geology, facilitates easy site access and bulk sampling. Mineralization includes precious metals occurring in quartz veins and stockworks veining hosted by moderately to strongly silicified sediments. In 1990 Billiton Minerals USA, Inc. mapped, grid sampled, trench sampled, and drilled 19 holes on the Clayton Ridge Project.Significant intercepts from three of these holes include: * 3.05 m of 2.12 g/t gold from 6.1 m * 1.62 m of 1.03 g/t gold from 3.05 m and 3.05 m of 3.97 g/t gold from 10.67 m * 3.05 m of 4.38 g/t gold from 10.67 m Liberty Springs Project, Nye County, Nevada The Liberty Springs project offers a wide array of parameters including outcropping mineralization. The geological setting includes gold and silver mineralization as disseminations, stockworks and veins hosted in metavolcanics, metasediments, and volcanics. Pegasus Gold drilled approximately 1,600 m, the only drilling on the project, with 14 of 19 holes containing significant gold and/or silver mineralization.Significant drill intercepts from three of these holes include: * 16.76 m of 0.615 g/t from 1.62 m * 9.14 m of 0.752 g/t gold from 88.39 m * 21.34 m of 0.513 g/t gold from 3.05 m Questa Blanca Project, Sierra County, New Mexico Unique geologic settings and modes of precious metals and uranium mineralization make the Questa Blanca Project an intriguing test for Group 11’s IPM testing. Gold and silver mineralization occur in fault breccias in volcanoclastic rocks adjacent to intrusive rock that contains disseminated gold and silver associated with pyrite.Previous owners have completed several drill holes on the project with significant intercepts including: * 6.1 m of 1.13 g/t gold from 6.1 m * 42.67 m of 0.245 g/t gold and 12.64 g/t silver from 102.1 mThe Option Agreement Group 11 has entered into agreement with Nevada Select Royalty Inc. to acquire a 100% interest in the Properties for total payments of $240,000 as follows:                       (a)US$24,000 cash at Closing (paid); (b)US$24,000 on the 1st anniversary of Closing;  (c) US$24,000 on the 2nd anniversary of Closing; and  (d)A final payment US$168,000 on the 3rd anniversary of Closing. Nevada Select Royalty Inc. retains a 2% Net Smelter Royalty on each property. A one (1) mile area of interest applies to the acquisition of surrounding claims.Background on Group 11 Technology for Non-Invasive Metal Extraction IPM is perhaps best known from uranium and copper in-situ operations. In-situ recovery (ISR) is a type of IPM and is a non-invasive extraction method that has transformed the uranium industry. ISR uranium extraction uses oxygenated water based solutions that are circulated underground, dissolving the targeted metals, and then returned to surface for processing and recovery. ISR’s unparalleled environmental advantage includes no open pits or underground mining, no tailings or large waste dumps and no discharge of noxious chemicals at surface. It is a low-impact, low capital cost mining method. As for remediation and rehabilitation requirements, ISR delivers substantially reduced mine-closure time and costs compared to conventional practices. In addition, energy requirements, water usage and the environmental footprint of mining projects are significantly reduced by ISR technology.  The Group 11 Team Non-invasive extraction of minerals has been successfully implemented in the mining sector with many innovators and patent holders now working at enCore Energy Corp., one of the Group 11 partners. These innovators pioneered ISR which has been successfully utilized to recover metals including uranium and copper using liquid solutions. Group 11 is committed to the development and application of ISR extraction for gold and other metals using EnviroLeach Technology Inc., patented environmentally friendly process along with enCore’s expertise in ISR extraction. This combination of expertise will advance a business model that has potential to disrupt the conventional mining industry.Each Group 11 partner brings a vital skill set to address these challenges and create a unique business opportunity. Group 11 is backed by a top tier staff of scientists and engineers; an extraordinary data set; independent technical validations; strategic relationships; over $20 million in research and development and commercially proven processes and technologies.About Group 11 Technologies Inc. (‘Group 11’) The future of metals extraction is a serious challenge as the mining industry must address mounting concerns over its environmental and carbon footprint, energy consumption, operational safety and its impact on water use and water quality while responding to an ever-increasing need for metals in our daily lives.Group 11 is a private US-based company committed to the development and application of environmentally and socially responsible precious metals mineral extraction through IPM. The combination of non-invasive extraction technology and environmentally friendly processes to recover gold and other metals provides a possible alternative to conventional open pit and underground mineral extraction. The goal of advancing sustainable extraction considers growing concerns surrounding water use and discharge, carbon footprint, energy consumption, community stakeholders and workplace safety while addressing a growing global need for metals in our daily lives. Group 11 is owned by Enviroleach Technologies Inc. (OTCQB: EVLLF) (CSE: ETI), Encore Energy Corp. (OTCQB: ENCUF) (TSXV: EU) and Golden Predator Mining Corp. (OTCQB:NTGSF) (TSXV:GPY).Group 11 is a group of elements in the periodic table, also known as the coinage metals, consisting of gold (Au), silver (Ag) and copper (Cu). For additional information:         Group 11 Technologies Inc. Janet Sheriff, President 970-844-6888 info@gr11tech.com www.gr11tech.comCautionary Note Regarding Forward-Looking Statements This news release includes certain forward-looking statements within the meaning of applicable securities laws including transactions and other properties, and the potential advancement thereof. Forward- looking statements are statements that relate to future, not past, events. In this context, forward- looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Estimates of mineral resources and reserves are also forward looking statements because they constitute projections regarding the amount of minerals that may be encountered in the future. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms and completion of the transaction are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.