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, May 30, 2011 /CNW/ --
TSX Venture: TDC
VANCOUVER, May 30, 2011 /CNW/ - Tyhee Gold Corp. (TSXV: 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
multi-element 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.
The map attached to this release can be viewed with the release at www.tyhee.com
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 or
to delay permit applications include factors such as analysis of the
exploration results may lead to a determination that further
exploration is not warranted, 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
forward-looking 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.
A map is attached to this release, or is available for viewing with this
release at www.tyhee.com or at www.sedar.com
Recent drillholes at Clan Lake, Yellowknife Gold Project
________________________________________________________________
|Drillhole|From (metres)|To (metres)| Width |Gold gpt|Silver gpt|
| | | |(metres)| | |
|_________|_____________|___________|________|________|__________|
|CL191 | 56.5| 57.2| 0.7| 1.54| |
|_________|_____________|___________|________|________|__________|
|CL194 | 46.0| 47.5| 1.5| 5.48| |
|_________|_____________|___________|________|________|__________|
|CL195 | 52.0| 56.5| 4.5| 3.11| 16.7|
|_________|_____________|___________|________|________|__________|
|and | 88.0| 94.5| 6.5| 1.01| ns|
|_________|_____________|___________|________|________|__________|
|and | 111.8| 114.3| 2.5| 6.68| 43.4|
|_________|_____________|___________|________|________|__________|
True widths are estimated to be >80% of the reported core width
CL192 AND CL193 did not intersect significant mineralization
Ns = not significant
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Tyhee Gold Corp. | Envoy Strategic Partners | |||||||
David Webb, President and CEO | Jay Bedard | |||||||
Tel: 604-681-2877 | Tel: 416-977-7778 | |||||||
info@tyhee.com | jay@envoystrategicpartners.com |