posted on
Mar 24, 2011 03:44PM
TYHEE GOLD CORP
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Message: News !!!
This is excellent news. Hubert could be right that someone is selling into this news to keep a lid on the price, but as far as the news itself: WOW.
The infill drilling at the north extreme of the Ormsby site is huge. It is shallow, and very good grades. this will definately add ounces and further improve the economics of the initial mine. I bet that these drill results will go into the final update on the resource going into the DAR submission. This would be the last chance to add ounces into the initial mine as submitted, which is what the financing will be all about.
I do not know how many ounces this will add, but I suspect it could be 50,000 ounces or so, as it expands the size of the pit volume.
OH Yes, we will have our mine....
SKELEG
5 Recommendations
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