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Strategies & Market Trends : YellowLegalPad

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From: John McCarthy	7/16/2009 10:45:22 PM
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Yellowjacket mine plan excerpts whiskeyjack1127/16/2009 9:00:32 AM \| \| 174 reads \| Post #27290556 Here are a few excerpts from the Yellowjacket gold website that might make you a little more excited about what is happening here. This is from the mining application document. MINERALIZED ZONE THICKNESS The Pine Creek fault which contains the gold mineralized zone has an average width of 70 meters. Within this zone there is a gold enriched zone with a width of 18-22 meters. The enriched zone is located along the centerline of the fault and is the zone of interest to the Yellowjacket Joint Venture. CROSS FAULTING The 2007 geological mapping completed during the development of the bulk sample pit identified several cross faults within the main pine creek fault. These faults or fault intersections tend to be enriched with gold and are of interest to the operation. With surficial coverage of the fault zone precise mapping of the cross fault locations cannot be completed until the surficial materials are removed as part of the mining process. (My personal comment on that is the ground magnetic survey done on the YJ-03-01 hole and the YJ04-07 hole was proven to be accurate. The company talked about a "DISTINCT MAGNETIC SIGNATURE" The higher the gold assay the more distinct the signature. This is why they decided to build a mine before the bulk sample was even completed. They identified more occurrences magnetically along the fault of similar nature.) STRUCTURE DIP NOTE: The 85 degree dip of the structure will be of great importance if the company proceeds to an underground mining option in the future. My personal comment on this is very simple. It is exactly what Linda Dandy (our mine manager and 43-101 qualified person) put in her 43-101 report. When we excavate to the lower level of the open pit phase of the mine, we can verify the cross fault information and go underground from there. That will be a whole different permitting process. HERE"S THE MOST IMPORTANT PART The pits have been designed to extract the 18-22 meter mineralized zone with minimal dilution. Geologists aren't allowed to make educated guesses when disclosing to the public. The reason we have a mine is the Geologists involved have made that educated decision based on the mapping, channel sampling, drilling, magnetics, and gold production from the bulk sample. In this report they are telling the ministry of mines why they should have a permit for small mining, but were unable to tell the investing public in a news release without spending millions more on useless drilling That's my conclusion, you can draw your own. WJ stockhouse.com CRACKER

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