TYHEE GOLD CORP

(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)

Free
Message: This Northern News Services Article Is Weird, Wrong, and Surprising.

The November 3, 2010 Northern News Services Article is weird, incorrect and surprising.

Firstly, the PP money will fund drilling this year at Clan Lake . Clan is located 50 km north of Yellowknife, not as was incorrectly stated as being "90 km north".

Moreover,the article said " The Yellowknife Gold Project has 1.5 million ounces of indicated gold, 34,000 ounces of which has moved up to the category of now probable reserves."

This again is incorrect, as there are 810,000 ounces of reserves at the YPG, not "35,000".

What's even more weird and surprising is that Webb is being reported to have said ," Tyhee is approximately five months away from submitting its developers assessment report (DAR)". This is MATERIAL information, as there's hitherto been no other schedule for the DAR other than it materializing by year end. So, how could that minimal three month delay be reported, unless Webb was having a bad day and perhaps forgot the SEC ruling on the regulations for releasing "material" information to the public?

But, even if Dave was expressing his frustrations and in a bad mood during that interview with the Northern News Service reporter, hearing him re-state the anticipated first pour production date of at least by 2013 was music to my ears, as it continues to suggest Tyhee is determined to move forward faster than the 2015 first pour date suggested in the PFS. As Webb has said before, the PFS schedule has a lot of time gaps that Tyhee believes it can fill.

And one more thing, in this article reports, "Work on the bankable feasibility study has begun, albeit slowly, said Webb"

This is the VERY FIRST public announcement on anything to do with initiation of Tyhee's Feasibility study, Again, it's weird and surprisig that it should be reported in this article and in this manner, as that information seems "Material" to me.

Baires

Share
New Message
Please login to post a reply