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:: Yellowjacket Gold Project Commences Operations, Atlin, BC
Prize Mining Corporation and Eagle Plains Resources Ltd. jointly announce that the Yellowjacket Venture (Prize Mining Corporation 60% and Eagle Plains Resources Ltd. 40%) has now commenced work on its Yellowjacket Gold Project, located near Atlin, BC. The Yellowjacket Gold Project is in the BC Small Mines Act Permit application process, with permit approval anticipated in June 2009.
At site, the current mill re-commissioning work will be followed by processing of stockpiled mineralized bulk sample material under the existing Bulk Sampling Exploration Permit. Once the remainder of the bulk sample has been processed, and the new Mines Act Permit is obtained, full-scale bedrock mining and milling operations will commence. Samples for head and tail grades from the 2008 bulk sample processing are currently being analysed by ACME Laboratory Ltd. in Vancouver and results are expected in approximately 3 weeks. During 2008 processing, head grades averaging 9 g/t were back-calculated from gold production values obtained from the weighted mineralized blocks processed. The Yellowjacket JV anticipates 35,000 tonnes of production during 2009. Mr. Rino Mihoc, Mill Supervisor and previous Mine Manager at Goldcorp Inc.'s Golden Bear Mine will lead the mill commissioning work
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