TYHEE DRILLS 4.0 METRES OF 5.11 GRAMS OF GOLD PER TONNE AT ITS WHOLLY-OWNED YELLOWKNIFE GOLD PROJECT, NWT CANADA
VANCOUVER, June 2, 2011 /CNW/ - Tyhee Gold Corp. (TSXV: TDC) (the "Company"), a late stage development company, is pleased to announce that diamond drilling continues to identify additional gold mineralization to the north of the reserves defined in the July 2010 Preliminary Feasibility Study.
“The results from the Ormsby Zone drill program enhance our resources in this area” reports Dr. Webb, President and CEO. “The Ormsby drilling is targeting an area 270 metres north of the large open pit that was defined in our Preliminary Feasibility Study. Drill results include 12.0 metres (m) grading 1.46 grams of gold per tonne (gpt) including 2.3 m grading 5.37 gpt in NDM573, and 14.0 m grading 1.27 including 2.0 m grading 4.56 gpt in NDM574, and 9.0 m grading 2.54 gpt including 4.0 m grading 5.11 gpt in NDM575. In addition, two narrow highgrade intervals were encountered, 0.5 m grading 54.73 in NDM575 and 0.8 m grading 62.58 in NDM579.”
Diamond drilling has been completed on the Ormsby Zone for this program. A drill remains at Clan Lake. The Company is planning to restart drilling after the ground dries out enough to allow for overland operations with minimal environmental impact. Data from recent diamond drilling completed on the Ormsby and Clan Main Zones will be incorporated into a resource calculation the Company expects to complete later this year. Tyhee is in the process of optimizing its underground mine plan and will use this in conjunction with the revised resource model to complete engineering studies to be used in a Feasibility Study.
Tyhee Gold Corp. is actively moving its wholly-owned Yellowknife Gold Project towards production with a defined resource of 2 million ounces of gold in its Measured and Indicated categories including a Proven and Probable Reserve of over 800,000 ounces of gold. A positive Preliminary Feasibility Study (at US$950 per ounce gold) has been completed and a full environmental assessment report to permit the construction and operation of a 3,000 tonne per day mine and mill complex have been submitted to regulatory authorities. Tyhee is moving towards the final stages of the review process which is expected to take an additional twelve months.
Tyhee completes fire assays on drill core samples using 30 gram aliquots with ICP-ES finish for gold analyses. Samples are prepared at Acme Analytical Laboratories Ltd. in Yellowknife, and finished at Acme Analytical Laboratories Ltd in Vancouver. As well, a semi-quantitative multielement analysis is run on 0.5 gm aliquot samples leached in a hot aqua regia solution and measured using ICP-ES techniques. Tyhee conducts a rigorous QA/QC program of inserting blanks and duplicates in the field and standards in the laboratory. The laboratory also conducted their own independent QA/QC program including inserting their own standards and rerunning samples from pulped material and reject material. These results were provided to Tyhee. All standards, duplicates, blanks and check assays returned acceptable results. Mr. V. Pratico, P.Geol., the designated QP within the meaning of NI 43-101, has reviewed this release and approves of its content.
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President and CEO
Envoy Strategic Partners
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This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements relating to proposed or anticipated work programs and anticipated timing of permit applications. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements. Factors which may lead the company to not proceed with anticipated work programs, construction or development projects and studies, to delay permit applications or delay the delivery of the feasibility study include factors such as analysis of the exploration results may lead to a determination that further exploration or development is not warranted, additional information requirements necessary to complete permit applications and the feasibility study may be delayed by weather and other constraints, insufficient funding, delays as a result of early or late onset of winter conditions, availability of personnel and equipment to conduct work programs, permit reviews, information requests and other factors not within the Company’s control. The factors identified above are not intended to represent a complete list of the factors that could affect the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forwardlooking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company does not undertake to update forward-looking statements, except where required by law. Readers should not place undue reliance on forward-looking statements.