The Company reserves and resources at Jerritt Canyon, not accounting for
2008 mining and depletion, are 717,300 ounces of gold in the proven and
Probable categories and 1,961,100 in the measured and indicated categories as
Reported in the April 16, 2008 NI 43-101 report which can be found on
www.sedar.com or on our website here:
https://www.yukon-nevadagold.com/i/pdf/Jerritt-NI430101-Apr08.pdf. In addition,
There are ounces already mined and stockpiled on the run-of-mine ("ROM") pad.
These ROM pad resources will allow the Company to achieve the presently
Budgeted throughput of 3,300 tons per day. Upon recommencement of milling it
Is sufficient to produce at the rate of at least 2,000 ounces of gold per week
For the next nine months at a cost per ounce of approximately USD $300.
The mill facility is currently licensed to treat 4,320 tpd with an
Overall potential capacity of 6,000 tpd.
(that's 2000 oz. Per week times 39 weeks....approx. 78,000 oz of gold)
(And at $1200USD per ounce, that's 78,000 times 1200....= That's 93 million six hundred thousand dollars USD)