Tyhee
Gold Corp. (TSXV:TDC.V) (the
"Company"), a late stage development company, is pleased to
announce that diamond drilling continues to expand the Main Zone at Clan
Lake. In addition a second drill is completing infill drilling at the Ormsby Zone, providing more details in an area where only
limited reserves had been defined in the positive Preliminary Feasibility
Study released July 2010.
"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 13.0 metres (m) of 0.72 grams per tonne (gpt) gold in CL188, 8.0
m of 0.79 gpt gold including 2.0 m of 2.34 gpt gold in CL189.
The Ormsby drilling is targeting an area 270
metres north of the large open pit that was defined
in the Preliminary Feasibility Study. In this location the
mineralization, which primarily occurs on the eastern side of the volcanic
rocks, is also found on the western side. To the north the entire
volcanic pile hosts mineralization for a further 450 metres.
Drill results include 41.0 m of 2.66 gpt gold
including 8.2 m of 12.46 gpt gold in NDM565, 3.0 m
of 3.72 got in NDM562 and 6.3 m of 1.87 gpt gold
including 4.3 m of 2.40 gpt gold in NDM 563."
Diamond drilling continues with two drills completing infill drilling
on the Ormsby Zone north of the established
reserves. In the near term one drill will be moved back to Clan Lake to
complete expansion drilling of the resources north and southeast of the ore
reserves established at Clan Lake and defined by the Preliminary Feasibility
Study.
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 with the submission of the
environmental assessment study to occur within the next two months.
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.
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
(metres)
|
Gold
gpt
|
CL188
|
102.0
|
115.0
|
13.0
|
0.72
|
incl
|
102.0
|
102.5
|
0.5
|
2.79
|
incl
|
114.3
|
115.0
|
0.8
|
4.27
|
CL189
|
130.0
|
135.0
|
5.0
|
0.76
|
incl
|
131.0
|
132.0
|
1.0
|
2.45
|
and
|
279.0
|
279.5
|
0.5
|
6.87
|
and
|
292.0
|
300.0
|
8.0
|
0.79
|
incl
|
297.0
|
299.0
|
2.0
|
2.34
|
and
|
322.0
|
324.0
|
2.0
|
1.08
|
CL190
|
69.0
|
70.0
|
1.0
|
4.66
|
and
|
128.0
|
129.0
|
1.0
|
2.41
|
and
|
244.0
|
244.5
|
0.5
|
6.81
|
True widths are estimated to be >80% of the reported core width
Recent drillholes at Clan Lake, Yellowknife
Gold Project
Drillhole
|
From
(metres)
|
To
(metres)
|
Width
(metres)
|
Gold
gpt
|
NDM562
|
48.0
|
51.0
|
3.0
|
3.72
|
and
|
185.0
|
186.0
|
1.0
|
3.02
|
NDM563
|
27.0
|
33.3
|
6.3
|
1.87
|
incl
|
29.0
|
33.3
|
4.3
|
2.40
|
and
|
93.0
|
94.0
|
1.0
|
3.54
|
NDM564
|
93.0
|
97.0
|
4.0
|
0.89
|
and
|
179.0
|
181.0
|
2.0
|
3.43
|
NDM565
|
82.0
|
123.0
|
41.0
|
2.66
|
incl
|
82.8
|
91.0
|
8.2
|
12.46
|
True widths are estimated to be >80% of the reported core width
|