The Yellowknife Gold Project extends from 50 to 90 km north of Yellowknife in the South Mackenzie Mining District of the Northwest Territories, Canada. The project covers 12,635 hectares and consists of the Ormsby, Nicholas Lake, Bruce and recently added Clan and Goodwin Vad Zones.
A NI 43-101 Preliminary Assessment Report (PA) was completed in 3rd quarter of 2008 demonstrating robust economics based on 2007 resource calculations. A NI 43-101 Preliminary Feasibility Study (PFS) was completed in July, 2010 confirming strong economics utilizing advanced modeled engineering. Recent additions to the resource calculation are expected to support strong future reports as management continues to move toward mine development.
Permitting is in progress with several milestones completed (Project Description Report filed in 2008, Terms of Reference and Work Plan received 2009) and the full environmental assessment report (Developers Assessment Report "DAR") due to be filed in early 2011.
Management plans to develop a centralized processing operation to facilitate development of all current and future zones. Production estimates from the PFS consider a 3000 tpd operation with production of 108,000 oz Au per year,
