Tyhee Obtains High Grade Gold On Strike With The Main Zone At Clan Lake,
Yellowknife Gold Project, NWT Canada
TSX Venture: TDC
Gold assays from trenching at Clan Lake have returned positive results including 13.12 gpt gold across 10.0m (including 48.88 gpt across 2m) and 0.99 gpt gold across 45.0m. The trenches were blasted into extensions of the Main Structure and reached out 200 to 660 metres east of the existing 254,000 ounce gold resource (NR S.10 R.
"The confirmation of large areas of gold enrichment together with significant segments of higher grade gold mineralization is very good news" reports
Elsewhere on our Yellowknife Gold Project, field work on the Preliminary Feasibility Study (PFS), being conducted on the Ormsby and
Permitting work is being conducted in conjunction with the above mentioned PFS.
Tyhee Development Corp. is a gold exploration and development company focused on the historic Yellowknife Gold Camp, NWT,
Tyhee completed fire assays on samples using 30 gram aliquots with ICP-ES finish for gold analyses (Group 3B), prepared at Acme Analytical Laboratories Ltd. in Yellowknife, and finished at Acme Analytical Laboratories Ltd in
Tyhee's shares trade on the TSX Venture Exchange under the symbol "TDC". For additional information, including a map showing the location of assays reported in this release, please visit the Company's website, www.tyhee.com.
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 forward-looking 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. Results of trenching on Clan Lake, 2009 ------------------------------------------- Trench Length Gold Grade (metres) (grams per tonne) ------------------------------------------- C1 14.5 0.45 ------------------------------------------- W1 10.0 1.01 ------------------------------------------- W2 45.0 0.99 ------------------------------------------- incl 16.0 1.56 ------------------------------------------- incl 12.0 1.24 ------------------------------------------- W3 10.0 13.12 ------------------------------------------- incl 2.0 48.88 ------------------------------------------- W5 3.0 1.69 ------------------------------------------- HS1 1.0 0.68 ------------------------------------------- HS2 10.0 2.21 ------------------------------------------- E1 14.0 0.53 ------------------------------------------- Note: trench HS3 did not obtain any significant gold values. Total meterage sampled is 184.5 m
For further information: Tyhee Development Corp. David Webb, President and CEO, Tel: (604) 681-2877, [email protected]; Envoy Strategic Partners, Jay Bedard, Tel: (647) 344-1768, [email protected]
Share this article