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Message: Link provides a document regarding Tyhee progress on ore storage and water issue

Link provides a document regarding Tyhee progress on ore storage and water issue

posted on May 29, 2009 10:27PM

http://www.mvlwb.ca/mv/Registry/2002... 17 April 2009

I found this a good read, as it gives a taste of the complexities involved in working through the EA process. To me, it shows that the company is chuggin along and addressing issues and progressing steadily towards the ultimate goal of the permits, and building a mine.

THe document is all about having a Clousre and Reclamation Plan approved, associated with water use permits etc associated with exploration at the Ormsby site. I am not sure how this fits into the broader YGP, except that it may be a requirement to satisfy the various stakehodlers (INAC, MVLWB, and other government departments) that Tyhee would not leave a mess IF they abandon the Ormsby site (in the event that a mine is never built), but that if exploration continues right through to the mine being built, than this Closure and Reclamation Plan never actually goes into effect. I hope that's right, as it seems rediculous to have to move the Ormbsy ore back into the Ormsby decline, cover it with water, only ot later blast down the entire Ormsby ridge (the open pit) and take the material out again for processing! So I hope that this is really just a contingency plan that will never actually be used. There would have to be a much larger Closure and Reclamation Plan associated with the Mine to be built, operated for decades and then one day closed some time after the mine is exhausted.

Certainly a lot of issues discussed in this document, at any rate.

It may be frustrating for us investors who can't see any progress in SP, and late news / missing news on the PP, and a flatlined SP. But Tyhee is doing the job without fanfare.

We will have our setbacks, but we will own one of a very few new gold mines in Canada in the comnig years. In a safe jurisdiction, in a mining friendly (and job-short) community, sitting on much more gold than is drilled off so far.


In fact, I would bet that at some point before the end of next winter, they will drill a half-dozen or so very deep drill holes to intersect the ore below the Ormbsy site, to add to the one-of deep (750 Metres) intersection displayed in the March presentation. When they have a PF and DAR, and going forward, yes, more Clan Lake and Goodwin Lake results would be nice, but I would be more excited if they can show some more DEEP results of what lies beneath the ormbsy site, to show more of the underground potential of the mine that will be built.

SKELEG

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