Yellowknife gold project, Canada
Name and Location
Yellowknife gold project, Northwest Territories, Canada.
Client
Tyhee Gold Corp.
Project Description
The Ormsby, Bruce, Nicholas, Clan Main and the Goodwin Vad zones contain total proven and probable reserves of 20.43-million tonnes grading at 2.03 g/t of gold.
The Yellowknife Gold project contains measured and indicated resources are estimated at 27.12-million tonnes at a grade of 1.97 g/t of gold, and inferred resources at 5.77-million tonnes grading 2.62 g/t of gold.
A bankable feasibility study on the project proposes a 4 000 t/d processing plant, comprising a conventional gravity-flotation-cyanide process and incorporating openpit and underground mining methods on the Ormsby, Bruce Lake, Clan Lake and Nicholas Lake deposits.
Yellowknife has a mine life of 15 years.
Value
The project is estimated at $193-million.
Duration
Construction was proposed to begin in the first quarter of 2014, subject to ongoing permitting, with production expected to start in the third quarter of 2015.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Tyhee Gold Corp president of investor relations Greg Taylor, tel +1 905 337 7673 or email gtaylor@tyhee.com.
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