Golden Predator Options Sonora Gulch Property in Yukon's White Gold District; Controls 24.65% of Taku Gold Corp.
VANCOUVER, BC--(Marketwired - August 02, 2017) - Golden Predator Mining Corp. (TSX VENTURE: GPY) (OTCQX: NTGSF) (the "Company" or "Golden Predator") is pleased to announce that it has entered into a property option agreement (the "Agreement") with Taku Gold Corp. (CSE: TAK) ("Taku") pursuant to which the Company has granted to Taku the option to acquire the Company's 100% interest in the Sonora Gulch Property in Yukon's White Gold District, in exchange for shares of Taku and a 1% net smelter return royalty. The Agreement follows the previously announced1 sale of additional non-core assets located in the White Gold District from the Company to Taku. Golden Predator is focused on the high-grade gold 3 Aces Project in Southeastern Yukon; the sale of the White Gold assets provides an opportunity to maximize value from the non-core assets held by the Company.