Renamed from American Bullion Development Corp.
North American Royalties and Assets in Nevada and the Yukon
Message: The Gold Report Interview with Wayne Atwell (02/25/11)
The Gold Report Interview with Wayne Atwell (02/25/11)
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"Golden Predator is pretty interesting. Again, it's a banking client and none of us own it. It's a very exciting company with a number of deposits in the Yukon, which is a rather new territory for gold exploration in the sense that the Yukon has not had the money spent on it that a lot of the places in North and Central America have. I don't want to say it's virgin territory but, to some extent, it's undiscovered. In the Yukon, there's a lot of what we refer to as 'placer gold.' If you have a gold deposit and it gets worn and weathered, the flakes and pebbles roll into the creeks and rivers. Then miners and prospectors mine the gold out of the creeks. The point is that if it's in the streams it came from somewhere else. So, they follow the riverbeds and find out where the gold stops being attractive and chances are that's pretty close to where it came from. A lot of deposits are being 'reversed engineered' by virtue of the gold in the streams. Golden Predator has uncovered some very exciting properties but it's early days for the company. It's got some huge properties that have a great deal of potential. Golden Predator is a pretty exciting company. . .Golden Predator has a number of properties that it's sold or made available to other miners on which GPD gets paid a royalty. That's going to provide some nice value for the company, as well." View Entire Article: Wayne Atwell: Mideast Mayhem to Drive Gold Higher |
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