Tyhee reports high-grade intersection from its wholly-owned Yellowknife gold project, NWT, Canada
VANCOUVER, Nov. 28, 2011 /CNW/ - Tyhee Gold Corp.
(the 'Company') announces that it has received the final results from its 10,000 metre (m) diamond drill program at Clan Lake. Results include CL209 which had an exceptional 885 gram per tonne (gpt) gold intercept within a 20 metre wide mineralized zone grading 24.71 gpt (uncut). This drilling was focused on the Clan Main Zone, filling a gap between two mineralized areas.'The results show that the Main Zone continues to be open to the southeast, while drilling a gap within the Main Zone returned very good numbers including a short interval that was close to 0.1% gold (885 gpt),' reports Dr. Dave Webb, President & CEO. 'These high-grade intercepts are not unusual in Yellowknife, and are typically reduced to 100 gpt in any engineering calculation so as to not put too much emphasis on a single assay. This is industry standard practice.' Field operations have been suspended for freeze-up, however engineering and permitting work continues.
Tyhee Gold Corp. is actively moving its wholly-owned Yellowknife Gold Project towards production. A Feasibility Study, lead by SRK Consulting, is underway and expected to be completed by mid-2012. It will build on the positive Preliminary Feasibility Study completed in July 2010, which recommended operating at 3,000 tonnes per day. The Feasibility Study will also consider an expanded resource as well as other updated inputs, including a more current gold price.
Recently completed diamond drillholes from Yellowknife Gold Project.
Drillhole From To Width Gold (gpt)
(metres) (metres) (metres)
CL201 30.5 31.0 0.5 7.00
CL202 62.1 65.0 2.9 2.56
and 72.5 102.0 29.5 0.50
CL203 95.8 112.0 16.3 2.29
incl 95.8 98.0 2.3 10.67
CL208 80 81.5 1.5 1.15
CL209 32.0 34.0 2.0 1.47
and 111.0 131.0 20.0 24.71
incl 118.5 119.0 0.5 885.91
High grades cut to 100 111.0 131.0 20.0 2.56
CL211 29.0 30.5 1.5 1.37
CL212 19.0 20.0 1.0 1.45
and 124.0 128.0 4.0 0.54
CL2131 59.0 59.5 0.5 3.89
CL214 26.0 30.0 4.0 1.29
and 48.0 54.0 6.0 0.68
and 74.0 86.0 12.0 0.38
CL215 48.0 50.0 2.0 1.03
CL204 - CL207, CL210 no significant intersections. (1) Preliminary results.
Tyhee's shares trade on the TSX Venture Exchange under the symbol 'TDC'. A map of these drill hole locations will be posted on the company's website. For additional information, please visit the Company's website, www.tyhee.com or www.sedar.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. Sample number 107841 (885.912 gpt) was assayed using metallic screened technique (Acme G6 Metallics). 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.
Tyhee Gold Corp.
CONTACT:
Tyhee Gold Corp. Envoy Strategic Partners
Dave Webb, President and CEO Jay Bedard
Tel: 604-681-2877 Tel: 416-977-7778
info@tyhee.comjay@envoystrategicpartners.com
GT Investor Relations Inc.,
Greg Taylor
Tel: 905 337-7673 Mob: 416 605-5120
gtaylor@gtinvestorrelations.com