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Update

 March 16, 2012
Yellowhead Mining Inc. Presenting at The CCCHK Mining and Resources Investment Forum and the Mines and Money Hong Kong 2012 Conference

 Yellowhead Mining Inc.'s President & Chief Executive Officer, Ian Smith, will be presenting in the morning of March 19 at the Canadian Chamber of Commerce in Hong Kong's Mining and Resources investment Forum 2012, taking place at the Harbour Grand Hong Kong. The afternoon session includes a table-top exhibition format. Ian will be joined by Ron Handford, Executive Vice President, Corporate Development.

Yellowhead Mining Inc. will also be exhibiting at the Mines and Money Hong Kong 2012 Conference Wednesday March 21stand Thursday 22nd at the Hong Kong Convention and Exhibition Centre. Ian Smith will be speaking about the development of our Harper Creek project on March 22nd at 14:40. Please stop by booth H31 to meet Ian and Ron.

Please visit the following websites for more information:
http://www.minesandmoney.com/hongkong/
http://www.cancham.org/asp/home.asp

We hope to see you there!

About Yellowhead Mining Inc.

Yellowhead's Harper Creek Project is a copper-gold-silver volcanogenic sulphide deposit located in south-central British Columbia, approximately 150 kilometers by highway north of Kamloops. Feasibility Study results announced on March 2, 2012 showed a pre-tax NPV8 of $749.7 million with an IRR of 20.2% based on long-term metal price projections of US$2.50/lb Cu, US$1,250/oz Au and US$20/oz Ag, and a US$:Cdn$ exchange rate of 0.86:1. The Feasibility Study demonstrated a 28 year project life at a milling rate of 70,000 tpd (25.55Mt/y). The project as designed is expected to produce a total of 3.63 billion pounds of copper, 372,000 ounces of gold and 14 million ounces of silver contained in concentrate.

At a 0.14% Cu cutoff, Proven Reserves are estimated at 401.18Mt @ 0.272% Cu, 0.031g/t Au and 1.15g/t Ag; Probable Reserves 303.22Mt @ 0.248% Cu, 0.027g/t Au and 1.13g/t for a total Proven and Probable Reserve of 704.4Mt @ 0.262% Cu, 0.029g/t Au and 1.14g/t Ag.

The Feasibility Study is based on an updated resource (refer to news release dated February 16, 2012). At a 0.20% Cu cutoff Measured Resources are estimated at 348.5Mt at 0.31 % Cu, 0.034g/t Au, 1.3g/t Ag; Indicated Resources at 466.5Mt at 0.28% Cu, 0.03g/t Au, 1.3g/t Ag for a total Measured and Indicated Resource of 815Mt at 0.29% Cu, 0.032g/t Au and 1.3g/t Ag (5.26 billion pounds of copper contained). A further 80.17Mt at 0.30% Cu, 0.033g/t Au, and 1.4g/t Ag are estimated in the Inferred Resource category (0.53 billion pounds of copper contained) and is reported as waste in the mine production schedule until it can be upgraded by additional infill drilling.

Yellowhead has a 100% interest in the Harper Creek Project (subject to the payment of a 3% NSR royalty capped at $2.5 million, adjusted for inflation and an additional 2.5% NSR royalty on an estimated 1.5 million tonnes of ore which is expected to be mined beginning in year 16 of the Feasibility Study mine plan).

A Preliminary Economic Assessment Report, which demonstrated the technical and economic viability of the Project, was completed at the end of March 2011, filed on SEDAR on April 1, 2011 and can be viewed on www.sedar.com. The Feasibility Study will be reported in a NI-43-101 compliant Technical Report to be filed on or before April 1, 2012.

For more information, please contact:

  • Ronald Handford Executive Vice President, Corporate Development
    1.604.230.4263
    Email:

    Website: www.yellowheadmining.com
    Twitter: http://twitter.com/#!/YMI_Mining
 
 

You can view the Previous Update item: Thu Feb 28, 2013, Yellowhead Mining Presenting at PDAC 2013 and the Canada-China Investment Forum

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