BYG has their Website back up-and-running...........
I have copied "The Plan" for those interested..............
Looks like there may a chance things will work out here so long as the environmental problems experienced earlier do not come up again...
BYG Group Strategic Plan
Goal
To develop the BYG Group of companies into North America's next major, low-cost gold company concentrating
only on the Yukon and surrounding regions of Alaska and Northern British Columbia.
1.Concentrate Totally on the Yukon and Adjoining Regions.
A major gold belt indicated which throughout the unglaciated Yukon Plateau has surface gold oxide ores underlain by
refractory gold sulfide ores. Virtually unexplored with little competition, the Yukon plateau has excellent access and operating
conditions. The Yukon Federal, Territorial and First Nations political regimes and bureaucracy are inherently and necessarily
the most supportive in Canada This hospitable mineral frontier region will lead Canada in the development of base and
precious metals over the next several decades.
2. Establish a Profitable Operating Base
Exploit at Mt. Nansen a very profitable, small, high-grade open pit with free milling ore sufficient to finance the development of
a new Company. Profitable through initial nine months of production operating at 44% of facility with production constraints
resolved, new budgets dramatically surpass feasibility cash flows, with extended and probably indefinite life.
3. Assemble a Major Land Package, Acquiring and Developing a Portfolio of Mines.
While optimistic that further free milling or oxide ores would be discovered at Mt Nansen, it was felt that major refractory
reserves would be more readily defined at Mt Nansen and elsewhere on the Trend. BYG mounted aggressive programs in
pursuit of both free milling and refractory reserves. A second major land package in the Wheaton River area alone has
provided sufficient refractory reserves to justify e second processing facility equipped to handle all the BYG Group's
refractory gold ores or concentrates. BYG acquired control of Ketza River properties and the Mt. Freegold property both
with existing free milling reserves and excellent further potential On the main Trend, the BYG group has the largest land
holdings, the most gold deposits, and the only operating mine.
4. Establish Large Area Custom Mills and a Regional Pressure Oxidation Plant
On a major trend with excellent transportation infrastructure, no established operations and multiple deposits available, the
development of large centralized area mills is rutional, environmentally friendly and obviously the most economic path. Custom
mills combined with the only processing facility for refractory ores, describes an overwhelming competitive advantage for
participating in the development of this major mineral frontier. BYG selected and applied for the former Whitehorse Copper
site on the outskirts of Whitehorse. Wheaton River ores would be trucked to the site and ores or concentrates from Mt.
Nansen or other sites. The already disturbed site has major tailings capacity in the underground and open pit mines, which
produced in excess of 11.0 million tons. These old workings lay within a major limestone structure and the existing tailings are
primarily limestone. It would be hard to imagine a more favorable site either logistically or environmentally.
5. Join the Yukon Community By Contributing Our Skills To:
Yukon's Mineral Development Plan
The Yukon First Nation's Self Government Agenda
BYG's explicit Strategic Plan has been endorsed by the Yukon Community and seen as innovative and a rational blue print
that will play a large role in the Yukon 's Mineral development. The agreements with the First Nations and their involvement in
junior exploration, service companies and probable participation in further processing facilities should lead to a mutually
beneficial and long term relationship in the development of their lands and economic future.
6. Amalgamate the Core Gold Companies:
The assembling of major assets in a short time frame, with little capital has necessarily resulted in an untidy package of
companies and subsidiaries, which masks the exceptional wealth created by this process. At this time all the companies have
agreed to general terms of arrangement whereby all would be amalgamated and BYG Gold, the new company would own
100% of the assets with less than 70 million shares estimated to be outstanding. Immediately following this current financing
amalgamation final negotiations will be completed and the amalgamation plan executed.
7. Reduce Operating Costs to a Minimum:
The search for both oxide and refractory reserves was successful. The combination of difficult operating conditions, continuing
construction of the SAG mill and the water treatment facilities, the need to temporarily suspend operations to lower water
levels in the pond all at the lime of falling gold prices has more than taxed BYG's resources. For the immediate future BFG will
downsize and focus totally on its very profitable open pit operations at Nansen. BYG should be in a position to finance its
certain growth out of cash flow.
I am trying out SI on the free trial........hope someone finds this interesting.
Scock |
