TYHEE GOLD CORP
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http://www.tyhee.com/docs/yellowknife_fs_vol1_execsummary_final_21_aug_2012.pdf
Page 22, 1,334,000 oz of reserves however with the following caveats
- Reserves are inclusive of mineral resources;
- Reserves are based on a gold price of US$1,400/oz;
- Open pit reserves assume full mine recovery;
- Open pit reserves are not diluted (Further to dilution inherent in the resource model and assume selective mining unit of 3m x 3m x 3m.);
- Underground reserves assume planned dilution, 5% unplanned dilution at Nicholas Lake and 9% at Ormsby;
- In situ Au Ounces do not include metallurgical recovery of 92% for Ormsby, Clan Lake and Bruce or 82% for Nicholas Lake;
- An open pit CoG of 0.6g/t-Au was applied to open pit resources constrained by the final pit design;
- An underground CoG of 2.0 g/t-Au was applied to underground resources constrained by a
final underground design; and Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.
- The mineral reserve estimate for the YPG was calculated by Bret C Swanson, BE (Min) MMSAQP #04418QP, of SRK Consulting (U.S.) in accordance to CSA, NI 43-101 standards
and generally accepted CIM “Estimation of Mineral Resource
and Mineral Reserves Best Practices” guidelines
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