The Yellowknife Gold Project contains the Ormsby Zone, the Bruce Zone, the Nicholas Zone, the Clan Main Zone and the Goodwin Vad Zone.The resource estimates are based on geological models for which the nature and orientation of the mineralization is derived from the results of diamond drilling programs, underground mapping and sampling of decline development as well as on an extensive amount of technical data obtained during previous exploration programs. The resource estimates have been calculated using a search ellipsoid in an inverse distance to the second power model.The figures are rounded for presentation. The Ormsby, Bruce, Goodwin Vad and Clan Main Zones are at a 1.25 gpt cutoff. The Nicholas Zone is at a 1.1 gpt cutoff.The resource estimates incorporate all of the data available as of November 2009 and conform to National Instrument 43-101 policies. Mr. V. Pratico, P.Geol., the designated QP within the meaning of NI 43-101, has reviewed this resource summary and approves of its content. The December 23, 2009 technical report titled “Report on the Resource Estimate of the Yellowknife Gold Project, District of Mackenzie, NWT, Canada” is filed on www.sedar.com and www.tyhee.com.
Report on the Resource Estimate of the Yellowknife Gold Project, District of Mackenzie, NWT, Canada
Table 1. Yellowknife Gold Project Resource Summary |
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Measured |
Indicated |
M + I |
Inferred |
|
Ormsby Zone Tonnes |
3,003,000 |
7,898,000 |
10,901,000 |
223,000 |
Grams per Tonne |
3.41 |
3.42 |
3.42 |
3.14 |
Troy Ounces, Gold |
329,000 |
869,000 |
1,198,000 |
23,000 |
Nicholas Zone Tonnes |
1,249,000 |
1,484,000 |
2,733,000 |
955,000 |
Grams per Tonne |
3.81 |
3.32 |
3.54 |
3.92 |
Troy Ounces, Gold |
153,000 |
158,000 |
311,000 |
120,000 |
Bruce Zone Tonnes |
791,000 |
791,000 |
396,000 |
|
Grams per Tonne |
3.31 |
3.31 |
2.76 |
|
Troy Ounces, Gold |
84,000 |
84,000 |
35,000 |
|
Clan Main Zone Tonnes |
3,021,000 |
3,021,000 |
||
Grams per Tonne |
3.64 |
3.64 |
||
Troy Ounces, Gold |
354,000 |
354,000 |
||
Goodwin Vad Zone Tonnes |
971,000 |
|||
Grams per Tonne |
2.91 |
|||
Troy Ounces, Gold |
91,000 |
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Resource Totals |
Measured |
Indicated |
M + I |
Inferred |
Tonnes |
4.252,000 |
13,194,000 |
17,446,000 |
2,545,000 |
Grams per Tonne |
3.53 |
3.45 |
3.47 |
3.29 |
Troy Ounces, Gold |
482,000 |
1,465,000 |
1,947,000 |
269,000 |