TYHEE GOLD CORP ANNOUNCES THE APPOINTMENT OF BRIAN K BRIGGS AS VICE PRESIDENT OF ENGINEERING AND PROJECT MANAGER FOR THE YELLOWKNIFE GOLD PROJECT, NWT CANADA
VANCOUVER, British Columbia (Tuesday May 24, 2011) -- Tyhee Gold Corp. (TSX Venture, TDC) (the “Company”), a late stage development company, is pleased to announce the appointment of Mr. Brian K. Briggs to the position of Vice President of Engineering and Project Manager of the Yellowknife Gold Project, NWT, Canada.
Mr. Briggs comes to Tyhee from Geovic Mining Corp where he was Vice President of Technical Services and just recently successfully managed the Bankable Feasibility Study for Geovic Cameroon’s Nkamouna project. Mr. Briggs is a Registered Professional Mining Engineer and holds both B.S. and M.S. degrees in Engineering from the University of Wyoming. Mr. Briggs’ diverse and distinguished career encompasses over 23 years in engineering and mine management in North America, Africa and Asia, having begun his career as a mining engineer with Shell Mining Company followed by Kennecott Energy in the 90’s. In 1999 Mr. Briggs left Kennecott to work on various precious and base metals mining projects in the U.S., Ghana, Liberia, North Korea and Canada holding the positions of President and COO as well as a number of other senior management roles focused primarily on project evaluation, development, and construction where he advanced a number of green field exploration projects into producers in highly remote locations world-wide.
Mr. Briggs’ highly accomplished background in project development, economic evaluation, and mine design is expected bolster Tyhee’s current experienced management team as the Yellowknife Project moves from exploration and pre-development into engineering design and construction over the next 18 to 24 months.
Dave Webb, President & CEO says “we are very pleased to welcome Brian to Tyhee and we expect the Yellowknife project to be significantly enhanced by Mr. Briggs’ extensive experience. We are impressed that he recently finalized the Nkamouna project bankable feasibility study for Geovic where he enhanced the project’s economics by over 33% and implemented a number of innovative mining techniques to lower estimated mine operating costs by over 50%.”
Additional drill results are pending from the Ormsby Zone, and Clan Lake Main Zone, and should be available shortly.
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 and in part including a Proven and Probable Reserve of over 800,000 ounces of gold. A positive Preliminary Feasibility Study has been completed and applications to construct and operate a 3,000 tonne per day mine and mill complex have been submitted to regulatory authorities. Tyhee is moving through the final stages of this review process with the submission of the environmental assessment study last week.
For further information, please contact:
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.