TYHEE GOLD CORP

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Message: Less doubt on first ounces coming from a Feasibility Study.
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Jul 19, 2011 10:30PM

"Even if the anticipated numbers of ounces are not there at first, it is likely that they will be found during the mining process (history of mining in the area)".-Woodstock

There will be less doubt about the number of estimated reserve ounces delivered in next year's Feasibility Study (FS) than those calculated 810K ounces in last years Prefeasibiliy Study. I heard John Doody say that the Prefeas. error on reserve estimates can be more that 20% off. Predictabilty is a lot better when delivered in a FS. This should further reduce risk.

Those two expensive ~ 1000 ft. holes at Ormsby that came up with high grades suggest what many assume to be inevitable, i.e., there's much more high grade gold at depth, as is characteristic of these Archean deposits.

If anything, it's not the initial number of ounces that might disappoint, but it's those at depth that we all sense must be there, but have had relatively little drilling to allow us to evaluate. Hey, there's always the promising blue sky at Clan and Goodwin. Remember the 1000 tonne surface bulk sample from Clan that delivered 14gpt.

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