Tyhee Announces Diamond Drilling Has Commenced On The Clan Lake Main Zone,
Yellowknife Gold Project, NWT Canada
TSX Venture: TDC
"The winter road allows us to resupply our camp and provides easy access and mobility to our drill sites" reported
We expect to complete approximately two drillholes per week per drill rig assuming normal operating conditions, with assays to be received four to six weeks after the hole is completed (assuming normal logging and sampling performance). The on site assay lab will not be started during the winter road season as the samples can be driven directly to Acme Analytical Laboratories facilities in Yellowknife on an as needed basis.
Diamond drilling at the Ormsby Zone is near completion with the work focused on testing sites for building foundations and other infrastructure as well as two combined exploration/engineering drillholes. Permitting work continues in conjunction with the above mentioned program, focusing on the Ormsby and
Tyhee Development Corp. is a gold exploration and development company working in the historic Yellowknife Gold Camp, NWT,
About MineralFields, Pathway and First Canadian Securities (R): MineralFields Group (a division of Pathway Asset Management), based in
Tyhee's shares trade on the TSX Venture Exchange under the symbol "TDC".
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forwardlooking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Tyhee Development Corp., David Webb, President and CEO, Tel: (604) 681-2877, [email protected]; Envoy Strategic Partners, Jay Bedard, Tel: (416) 977-7778, [email protected]
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