Tyhee obtains long intersection of gold mineralization at their premier,
Yellowknife Gold Project, NWT Canada
TSX Venture: TDC
Three grab samples from this summer's exploration program, previously reported as greater than 100 grams of gold per tonne (gpt), have been assayed using a no limit fire assay procedure and have returned 250.83 gpt, 266.28 gpt and 169.54 gpt (Cub and Morel Zones).
Diamond drill core from 16 archival holes that had not been sampled in their entirety were obtained, relogged and sampled (appended) returning 2.34 gpt over 38.0 metres (m) in CL01 including 2.96 gpt over 15.0 m and 4.18 gpt over 7.5 m; 1.55 gpt over 45.0 m in CL029 including 4.70 gpt over 7.5 m and 2.53 gpt over 10.5 m.
"The high-grade assays from the recently discovered gold zone that have yet to be diamond drilled is encouraging" reports
Assays from an additional four diamond drillholes as well as results from over 200 metres of trenching on the Main Zone extensions, 400 m east of any existing drillholes, are expected over the next few weeks.
Elsewhere on the Yellowknife Gold Project, the field work portion of the Preliminary Feasibility Study (PFS) is nearing completion for 2009. Drilling at
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 and 6), 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, 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. ------------------------------------------------------------------------- Drillhole From To Interval Grade (metres) (metres) (metres) gpt gold ------------------------------------------------------------------------- CL01 24.5 62.5 38.0 2.34 ------------------------------------------------------------------------- incl 47.5 62.5 15.0 2.96 ------------------------------------------------------------------------- incl 55.0 62.5 7.5 4.18 ------------------------------------------------------------------------- and 68.5 70.0 1.5 1.67 ------------------------------------------------------------------------- CL02 16.0 34.5 18.5 1.83 ------------------------------------------------------------------------- incl 30.0 34.5 4.5 6.83 ------------------------------------------------------------------------- CL028 104.0 105.0 1.0 7.93 ------------------------------------------------------------------------- incl 176.5 177.5 1.0 1.25 ------------------------------------------------------------------------- CL029 57.5 102.5 45.0 1.55 ------------------------------------------------------------------------- incl 77.5 85.0 7.5 4.70 ------------------------------------------------------------------------- and 92.0 102.5 10.5 2.53 ------------------------------------------------------------------------- CL031 128.5 131.6 3.1 2.36 ------------------------------------------------------------------------- CL032 19.0 35.0 16.0 0.70 ------------------------------------------------------------------------- CL033 35.0 37.5 2.5 1.80 ------------------------------------------------------------------------- and 40.5 51.8 11.3 1.32 ------------------------------------------------------------------------- CL039 13.0 14.0 1.0 1.54 ------------------------------------------------------------------------- and 31.0 32.6 1.6 3.40 ------------------------------------------------------------------------- CL040 60.8 63.1 2.3 1.24 ------------------------------------------------------------------------- CL044 54.9 56.1 1.2 1.02 ------------------------------------------------------------------------- Ddh CL030, CL035, CL038, CL041-CL043 did not intersect significant mineralization To view the Clan Lake Property Map please visit: http://files.newswire.ca/550/tyhee_map.pdf
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]
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