Eagle Plains Resources Ltd. (EPL: TSX-V) and the Prize Mining Corp. (PRZ: TSX-V) jointly announced that Yellowjacket Venture ( "JV Yellowjacket") has completed the modifications on the 350 ton per day mill at the Yellowjacket gold project, which located near Atlin, BC, and have begun processing of stockpiled material.
Processing stockpiled mineralized bulk sample material has been commenced under the Bulk Sample Permit exploration. After the rest of the bulk sample has been processed and Permit Act Mines acquired a new, full-scale bedrock mining and milling operations will begin.
The sample for the head and tail of the 2008 bulk sample processing is currently being analyzed by Acme Laboratories Ltd. in Vancouver and the results are expected in the next few days. During 2008, the average value of 9 g / t are re-calculated value of gold production is obtained from weighted mineralized block is processed. The Yellowjacket JV anticipates production of 35,000 tons during 2009. Once in place, the Small Mines Permit will allow for up to 75,000 tons of annual production.
Mr. Rino Mihoc, Supervisor Mill and Mine Manager in the previous Goldcorp Inc. 's lead the Golden Bear Mine mill commissioning work. Linda dandy, P. Geo., Mine Manager, is a "Qualified Person" for the purpose of National Instrument 43-101, who has been checked and verified the content of this news release.
A detailed history of the project and recently-updated photo gallery can be found here
About Eagle Plains Resources
Eagle Plains Resources plans to start gold production in the Yellowjacket project in mid 2009 and continues to do research, find and get the metal projects in western Canada. In addition to a royalty on mining projects, the Company controls over 35 gold, base metal and uranium projects, with several third parties including Waterloo Resources Ltd. (TSX-V: WAT.P), and XO Gold Resources Ltd. (a private BC company) . This Agreement expose Eagle Plains to $ 6.0 million in exploration expenditures over five years. In recent years, Eagle Plains completed option agreements with Teck Limited (TSX: TCK.B), Alexco Resource Corp. (TSX-V: AXR), Billiton Metals, Rio Algom Exploration, NovaGold Resources, Kennecott Exploration and numerous other junior exploration companies , so that more than 53,000 m (158,500) of drilling and over $ 27.0 million in exploration expenditures on the project since 1998.
Expenditure during 2008 on Eagle Plains' projects is approximately $ 6,000,000 was funded between Eagle Plains and third party partners. This work resulted in approximately 6300 m of drilling and land-based exploration and facilitate progress of various projects in various stages of development. In the year 2009, management anticipates approximately $ 1.0 million in exploration expenditures of funds between Eagle Plains and its partners.
This news release has been reviewed and approved by Tim J. Termuende, P. Geo., This is intended as a "Qualified Person" under National Instrument 43-101.to find more just visit : http://newsticker.welt.de/
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