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Tyhee Starts Diamond Drill Program On Yellowknife Gold Project, NWT, Canada

03.08.2011  |  CNW

VANCOUVER, Aug. 3, 2011 /CNW/ --
TSX Venture: TDC


VANCOUVER, Aug. 3, 2011 /CNW/ - Tyhee Gold Corp. (TSXV: 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 visit the Company's website, www.tyhee.com.


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.


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
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.




____________________________________________________________________
|Yellowknife Gold Projects Mineral Resources(1) |
|____________________________________________________________________|
| | Ormsby |Nicholas | Bruce |Clan Lake|Goodwin | Total |
|Category | Zone |Lake Main| Lake |Main Zone|Lake Vad|Resources |
| | | Zone | Zone | | Zone | |
|_________|__________|_________|_______|_________|________|__________|
|Measured | | | | | | |
|_________|__________|_________|_______|_________|________|__________|
| Tonnes |3,003,000 |1,249,000| - | - | - |4,252,000 |
|_________|__________|_________|_______|_________|________|__________|
| Grams | 3.41 | 3.81 | - | - | - | 3.53 |
|Gold per | | | | | | |
| Tonne | | | | | | |
|_________|__________|_________|_______|_________|________|__________|
| Troy | 329,000 | 153,000 | - | - | - | 482,000 |
| Ounces, | | | | | | |
| Gold | | | | | | |
|_________|__________|_________|_______|_________|________|__________|
|Indicated| | | | | | |
|_________|__________|_________|_______|_________|________|__________|
| Tonnes |7,898,000 |1,484,000|791,000|3,021,000| - |13,194,000|
|_________|__________|_________|_______|_________|________|__________|
| Grams | 3.42 | 3.32 | 3.31 | 3.64 | - | 3.45 |
|Gold per | | | | | | |
| Tonne | | | | | | |
|_________|__________|_________|_______|_________|________|__________|
| Troy | 869,000 | 158,000 |84,000 | 354,000 | - |1,465,000 |
| Ounces, | | | | | | |
| Gold | | | | | | |
|_________|__________|_________|_______|_________|________|__________|
|Measured | | | | | | |
| and | | | | | | |
|Indicated| | | | | | |
|_________|__________|_________|_______|_________|________|__________|
| Tonnes |10,901,000|2,733,000|791,000|3,021,000| |17,446,000|
|_________|__________|_________|_______|_________|________|__________|
| Grams | 3.42 | 3.54 | 3.31 | 3.64 | | 3.47 |
|Gold per | | | | | | |
| Tonne | | | | | | |
|_________|__________|_________|_______|_________|________|__________|
| Troy |1,198,000 | 311,000 |84,000 | 354,000 | |1,947,000 |
| Ounces, | | | | | | |
| Gold | | | | | | |
|_________|__________|_________|_______|_________|________|__________|
|Inferred | | | | | | |
|_________|__________|_________|_______|_________|________|__________|
| Tonnes | 223,000 | 955,000 |396,000| - |971,000 |2,545,000 |
|_________|__________|_________|_______|_________|________|__________|
| Grams | 3.14 | 3.92 | 2.76 | - | 2.91 | 3.29 |
|Gold per | | | | | | |
| Tonne | | | | | | |
|_________|__________|_________|_______|_________|________|__________|
| Troy | 23,000 | 120,000 |35,000 | - | 91,000 | 269,000 |
| Ounces, | | | | | | |
| Gold | | | | | | |
|_________|__________|_________|_______|_________|________|__________|



(1) From 'Technical Report On The Pre-Feasibility Study Of The Yellowknife
Gold Project Northwest Territories, Canada July 2010 '  Mineral
Resources are in part inclusive of Mineral Reserves and comply with NI
43-101 standards.  Mineral Resources for Ormsby, Bruce, Goodwin Vad and
Clan Main Zones are at a 1.25 gpt cut-off. The Nicholas Lake Zone is at
a 1.1 gpt cut-off. Samples greater than 65 gpt gold were cut and
reported as 65 gpt. Samples were composited into 1.5 m lengths. 
Inverse distance squared techniques were used to estimate 3 m cubic
blocks using an 80 m x 40 m x 10 m search ellipsoid within a geological
model that delineated brecciated and silicified rocks for Ormsby, Bruce
Lake, Goodwin Lake VAD, and Clan Lake Main Zones. An inverse distance
squared interpolation method is used for Nicholas Lake where two solids
have been created which divide the resource limits into the east and
west domains. Composites are created at 1.5 m lengths down the hole and
composite values are not capped. The block model is created with blocks
5 x 5 x 1.5 meters with the 1.5 meter distance oriented north and in
the horizontal plane. Mineral Resources are not Mineral Reserves and do
not have demonstrated economic viability, and except as reported, there
is no guarantee that any resource will become a reserve.




 

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/03/c9030.html

Tyhee Gold Corp.
David Webb, President and CEO
Tel: 604-681-2877
info@tyhee.com
Envoy Strategic Partners
Jay Bedard
Tel: 416-977-7778
jay@envoystrategicpartners.com

 



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