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Gold/Mining/Energy : byg -- Ignore unavailable to you. Want to Upgrade?

To: stockman who wrote (630)	12/5/1997 1:36:00 PM
From: JUNIORSPECULATOR	Respond to of 769

Hello Stockman: How are ya today? I have reason to believe that the mill will be operational in the New Year. Specific dates not sure of but Jan-Feb would seem in order. I have attached the news release from Nov. 12/1997. The water problems apparantly have been resolved for it's purity content and all testing came off without a hitch. I am of the impression that water can be discharged from the holding ponds to bring them down to an acceptable level. Interesting that the release makes note of the carbons that can be processed to extract the gold. I am assuming that during the running of the Sag Mill in the fourth quarter gold was produced, but becasue of the problems with the water (to Much) the company still can recover the gold from the carbons even though the mill is basically shut down. As a result of this the company should still have production and cash flow for the 4th quarter.This is my take on the situation. A few definitions in regard to carbon might help and if anyone would care to comment please do so. I could out in left feild on this One. CARBON IN LEACH: A process very similar to carbon in pulp. In the carbon -in -leach process the leaching and absorbing of gold onto carbon take place in the same tank. CARBON IN PULP: A process to revocer gold from a cyannide leach slurry. Coarse activated carbon particles are moved counter-current to the slurrry, absorbing the sold. Loaded carbon is removed by screening and the gold is recovered form the carbon by stripping in casutic cyanide solution followed by electrolysis or by zinc precipitation. I thought perhaps that this simplified definition might help explain what has transpired since the mill has been shut down. Some clues in the News Release does give credence to my interpretation on the situation..Any additional thought would be appreciated....Good Dayyyyyyy Ronald PS: IMHO this company has got to be a buy at these price levels. If the final shakeout of the gold has not ended so be it. The lower the price goes the more attractive buy it becomes...."Nothing Ventured, Nothing Gained"....Living on the Edge, what can be more stimulating and Fun..We get very few "Kicks at the Cat", so when opprotunity knocks you had better answer the call or you will never really know whether you were right or wrong......... For Immediate Release, Wednesday, November 12, 1997 Whitehorse, Yukon, November 12 - B.Y.G. Natural Resources Inc. today announced that it has completed the run in period of its new SAG mill. The SAG mill while able to run at rates substantially greater than 1000 MTPD will for the moment be used to operate the milling facility at its designed capacity of 700 MTPD. Before operating continuously at this rate it will now be necessary for B.Y.G. Natural Resources Inc. to achieve compliance with regard to its Water License. Excess water in the Dome Creek valley, resulting from a greater than forecasted annual precipitation, means that the two issues of tailings dam water quantity and quality now need to be addressed. B.Y.G. has decided that this would be an appropriate time to initiate its Water Balance Contingency Plan, this plan being a required part of its Water License. Under its Water Balance Contingency Plan, B.Y.G. processes the excess water at a rate greater than can be accomplished utilising only the water treatment plant. The increase in processing is carried out by allowing several of the leach tanks to join the water treatment circuit. This creates a capacity many times greater than that of the water treatment plant alone. In this way the excess water is treated and can be discharged to the environment at a much greater rate. The water in the tailings dam can also be treated and returned to the dam enabling the company to achieve compliance with the limits set by the regulatory authorities. The use of the leach tanks for water treatment will obviate their use in the milling and leaching of the ore. Therefore for the period of the operation of the Water Balance Contingency Plan B.Y.G. will suspend the leaching part of the milling circuit. B.Y.G. will concentrate its efforts on the recovery of gold from its carbon, the remediation of its tailings dam water problems and the completion of its environmental reports and test work. B.Y.G. will adjust its work force as required to meet the changing needs of its differing operations over this period of environmental remediation. After the completion of its Water Balance Contingency Plan (approximately six weeks) B.Y.G. will be in a position to continue its milling operation at its rated 700 MTPD, producing gold at a cash cost of less than US$ 160/troy ounce. FOR MORE INFORMATION PLEASE CONTACT: J. Malcolm Slack, President, B.Y.G. Natural resources Inc. (519) 942 3181 Whitehorse Office, B.Y.G. Natural Resources Inc. (403) 668 8060