TYHEE DRILLS 2.5 METRES OF 6.68 GRAMS OF GOLD PER TONNE AND 43.4 GRAMS OF SILVER PER TONNE AT THE YELLOWKNIFE GOLD PROJECT, NWT CANADA
VANCOUVER, British Columbia (Monday May 30, 2011) -- Tyhee Gold Corp. (TSX Venture, TDC) (the “Company”), a late stage development company, is pleased to announce that diamond drilling continues to expand the Main Zone at Clan Lake.
“The results from the Clan Lake Main Zone continue to be encouraging” reports Dr. Webb, President and CEO. “Gold mineralization continues to be developed to the east of the established resource and the company is testing its width at this point. The drill results include 4.5 metres (m) grading 3.11 grams of gold per tonne (gpt) and 16.7 gpt silver and 2.5 m grading 6.68 gpt gold and 43.4 gpt silver in CL195. The Clan Lake Main Zone now appears to have been delimited on its northeastern boundary. The Main Zone remains open to the southeast, northwest, and to depth and additional drilling will focus on these extensions. Additional drill results are pending for the Ormsby Zone and these will be released 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 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 towards the final stages of this review process and will be actively
engaging involved parties over the next few months. In addition, Tyhee is continuing exploration on its properties, optimizing underground mining plans, revising its resource model and preparing to initiate a Feasibility Study.
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.
Recent drill holes at Clan Lake, Yellowknife Gold Project
True widths are estimated to be >80% of the reported core width
CL192 AND CL193 did not intersect significant mineralization
Ns = not significant
For further information please contact:
Tyhee Gold Corp.
David Webb, President and CEO
Envoy Strategic Partners
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.
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.