TYHEE GOLD CORP

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Message: source of additional ounces

Tyhee has three general sources of additional ounces to add to the M&I. I disagree with Rugers about needing to show the banks 10 years, and believe that the next year or so TDC should do a feasability study and move towards getting a mine started because the largest source of additional ounces can not be drilled off from the surface. IN the PA, Tyhee explained that as they jproceed down with the pit, the'll begin to drill off the resources that underlie the pit. They also said that Con and Giant never had more than about a million ounces drilled off, and expanded as they went *under.

SO here are the additinoal ounces:

1. Surface (300M) drilling to establish Clan Lake historical ounces (600,000) That will be proceeding as they firm up the geology, and I bet it's be their drilling program for 09.

2. Deeper drilling after an open pit starts at Ormsby, to define the underground workings to follow the open pit. This can't start until about 2010 or 2011, but should at least match what's been drilled off so far, given the history of Discovery mine. 1,300,000 additional ounces or far more over the life of the mine.

3. Deeper drilling under Nik Lake and Clan lake. Suppose only one of those two deposits has enough deeper gold to be economic, and adds only 500,000 oz over the life of the mine.

4. Goodwin lake surface and deep. Suppose it's zero.

That still adds 2.4 million ounces. So on the order of 4 million ounces for Tyhee investors, but I believe that once this mine gets started, exploration of the YGP region will bring in blue sky and the life of the mine keeps extending while production rates are also increased.


SO let's get this party started with a mine at ormsby to fund continued exploration and expansion. Feasability study.

SKELEG

1
Nov 03, 2008 04:26AM

Nov 03, 2008 05:56AM
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