Hello Al and folllowers: Thought this might be of interest........Good Dayyyyyyyyyy Ronald>From omni@gold.sentex.ca Thu Nov 13 18:50:34 1997
Date: Fri, 14 Nov 1997 07:50:37 -0500 (EST)
From: "Omni Resources Inc." <omni@gold.sentex.ca>
Subject: Increased reserves In Wheaton River Area Camp
To: undisclosed-recipients:;@baynet.net
TRUMPETER YUKON GOLD AND OMNI RESOURCES ANNOUNCE MAJOR INCREASE IN
RESERVES; WHEATON RIVER AREA PROPERTIES' GOLD EQUIVALENT INVENTORY
APPROACHES 1 MILLION OUNCES
FOR IMMEDIATE RELEASE
Whitehorse, Yukon Territory, Nov. 14, 1997: Trumpeter Yukon Gold Inc. (ASE:TYG) released today
mineable reserves, drill indicated resources, and inferred resources totaling 3,508,207 tons grading 0.28
ounces per ton gold equivalent on the properties held by its 50/50 joint venture with Omni Resources Inc.
and its 100% owned Arctic Mine. Independent engineers calculated the new mineable reserves and all
assaying was carried out at a nationally recognized lab. These reserves, combined with B.Y.G. Natural
Resources Inc.'s refractory gold reserves at their Mt. Nansen site, are more than sufficient to justify the
area concentrator and pressure oxidation plant proposed by BYG. BYG is Trumpeter's parent and major
shareholder, holding 42% of Trumpeter's shares.
Summary of Reserves
Mine or Zone Tonnage Gold Silver Gold Equivalent*
Short Tons oz/ton oz/ton oz/ton
Skukum Creek Mine
Rainbow Zone 1,052,644 0.18 5.64 0.27
Kuhn Zone 163,659 0.26 4.89 0.33
Skukum Creek Mine *** 495,000 0.20 5.50 0.28
Other Mines
Lake Zone ** 120,101 0.43 0.00 0.43
Lake Zone *** 48,018 0.23 0.10 0.23
Goddell ** 907,053 0.21 0.00 0.21
Goddell*** 440,000 0.23 0.00 0.23
Arctic Mine 82,150 0.41 10.12 0.57
Arctic Mine *** 199,581 0.39 9.60 0.54
--------------------------------------------------
GRAND TOTALS**** 3,508,203 0.23 3.48 0.28
--------------------------------------------------
Total Mineable 1,298,451 0.21 5.83 0.30
Total Indicated 1,027,155 0.23 0.00 0.23
Total Inffered 1,182,591 0.24 3.93 0.30
--------------------------------------------------
Notes:
**** excludes inferred resources from Tawa and Aurchem Properties
*** Inferred Resource
** Indicated Resource
* Equivalent Au grade=grade Au + Grade Ag/65
A custom area processing facility is expected to be located on the outskirts of Whitehorse where BYG has
identified and made application to acquire a site. The Wheaton River and Arctic ores would be trucked 46
miles to this facility. Planned production from Trumpeter's properties exceeds 100,000 ounces gold
equivalent per year and Trumpeter's direct and indirect interest would exceed 60,000 ounces per year.
Initial mine life is six years and inferred resources should add a further three years of operations from the
areas to be accessed by new mine development. Operating costs are expected to be less than US $200 per
ounce. BYG targets completing this facility by late 1999.
The main reserves are located at the 50/50 joint venture properties that Trumpeter holds with Omni
Resources Inc. in the Wheaton River area 50 miles south of Whitehorse. These reserves are accessed by
either current underground development or that which will be completed in preparation for production.
The deposits remain open in both directions on strike and to depth, with major potential indicated.
Trumpeter also holds 6,000,000 shares of Omni (27.8%) which it has acquired for $7.5 million over the
past two years and upon completion of this transaction, exercised its right to purchase for ten dollars a full
50% interest in Omni's Wheaton River mines, mill and properties. Trumpeter has direct and indirect
interest in the Wheaton River properties of 64%. In addition, it owns 100% of the nearby Arctic Mine, and
50 % J.V interests (with its parent BYG Natural Resources Inc.) in the Tawa property and Aurchem option,
which properties adjoin and are on strike with BYG's mines and deposits at Mt. Nansen.
-30-
FOR MORE INFORMATION CONTACT:
J. Malcolm Slack, President, Trumpeter Yukon Gold Inc. (519) 942-3181
Jon Bergvinson, President, Omni Resources Ltd. (604) 688-6477
Whitehorse Office, BYG Natural Resources Inc. (867) 668-8060
Email: feedback@byg.ca WWW: byg.ca
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