TYHEE STARTS DIAMOND DRILL PROGRAM ON YELLOWKNIFE GOLD PROJECT, NWT, CANADA
VANCOUVER, British Columbia -- Tyhee Gold Corp. (TSX Venture, TDC) (the “Company”) announces that it has started a 3,000 metre diamond drill program on the Yellowknife Gold Project. The program is designed to develop the Clan Lake Main Zone resource by expanding on and improving the gold mineralization discovered along strike of the Main Zone. The drilling will also supply geotechnical information and allow for improvements in the design of any
potential pits for this resource.
Diamond drilling this year extended the Main Zone (354,000 ounces of Indicated gold Resource), by 500 metres to the southeast, with intersections of 13.0 metres (m) of 0.72 grams per tonne (gpt) gold in CL188, and 8.0 m of 0.79 gpt gold including 2.0 m of 2.34 gpt gold in CL189.
“The initial results show that the Main Zone has potential to expand to the southeast and the current drill program will focus on defining the extent of this mineralization to allow for its inclusion in a revised resource estimate that will be incorporated into the Feasibility Study currently underway.” Reports Dr. Dave Webb, President & CEO. “Additional targets at Clan Lake will be assessed so that the development of the known additional zones will occur in a systematic fashion.”
Tyhee Gold Corp. is actively moving its wholly-owned Yellowknife Gold Project towards production. A Feasibility Study is underway, lead by SRK Consulting, and is expected to be completed by mid 2012. It will build on the positive Preliminary Feasibility Study completed in July 2010 that recommended operating at 3,000 tonnes per day, (www.sedar.com). The Feasibility Study will consider an expanded resource, more current gold price as well as other updated inputs.
Tyhee’s shares trade on the TSX Venture Exchange under the symbol “TDC”. For additional information, please browse our website.
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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GT Investor Relations Inc.
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Envoy Strategic Partners
President and CEO
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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.