Tyhee announces additional diamond drillhole results from Goodwin Lake, Yellowknife Gold Belt, NWT, Canada
TSX Venture: TDC
VANCOUVER, Nov. 17 /CNW/ - Tyhee Development Corp. (TSX-V: TDC) today
announced the results of gold assays from the second phase of diamond drilling
at Goodwin Lake, Yellowknife Gold Belt, NWT, Canada.
Highlighted intersections from the recent program:
- Drillhole GL005: 32.7 metres (m) of 1.27 grams per tonne (gpt) gold
Including: 1.1 m of 11.85 gpt gold
- Drillhole GL008: 4.5 m of 3.37 gpt gold
- Drillhole GL011: 1.0 m of 40.67 gpt gold
- Drillhole GL013: 9.0 m of 1.49 gpt gold
- Drillhole GL015: 27.0 m of 1.59 gpt gold including:
6.0 m of 2.97 gpt gold;
16.0 m of 1.65 gpt gold; and
13.3 m of 2.23 gpt gold.
- Drillhole GL016: 25.4 m of 1.50 gpt gold, and
1.5 m of 36.60 gpt gold
- Drillhole GL017: 25.0 m of 1.78 gpt gold including:
9.0 m of 3.09 gpt gold
"These results, together with the initial four drillholes, clearly
demonstrate that the VAD Zone on the Goodwin Lake Property represents a
significant new discovery for Tyhee," said Dave Webb, President and CEO of
Tyhee Development Corp. "While we anticipated positive results for the drill
program, the grade and length of the intersections we found in the initial
holes drilled on this target have surpassed our original expectations. With
every drillhole in this project intersecting significant gold values over a
strike length in excess of 400 m within a mafic unit up to 140 m in width, it
is remarkable how consistently we encountered gold with this drill program."
The Goodwin lake results are similar in many ways to those obtained at
the Ormsby Zone, 13 km to the north, where intersections of narrow high-grade
zones are found within a broader lower grade domain. Furthermore, Goodwin's
proximity to Ormsby Zone and our plans for the Yellowknife Gold Project, has
clear economic implications for future development."
The VAD Zone is somewhat unique within the Yellowknife Gold Belt in that
it has very low arsenic values, often less than detection limits (2 ppm), and
in general low sulphide concentrations (similar to the Ormsby Zone). The
mineralized zone is constrained within a strataform mafic rock of diorite
composition within turbiditic metasediments. Macroscopically the rock appears
unaltered with the exception of numerous irregular, discontinuous quartz
veins. Minor sulfide enrichment accompanies some of the silicification.
Microscopically substantial metasomatism is apparent with evidence of
silicification and potassium enrichment.
Maps that show the drillhole locations can be found at www.tyhee.com
Eight more drillholes have been completed and are to be reported from
Goodwin Lake, and nine additional drillholes are pending from Clan Lake. Once
these have been released Tyhee will commence resource estimations for both
Clan Lake and Goodwin Lake.
Tyhee's diamond drills are on standby which is normal during freeze-up,
and our operations continue to be well funded at this reduced level of
expenditures for the foreseeable future.
About Tyhee Development Corp.
Tyhee Development Corp. is a gold exploration and development company
currently focused on the historic Yellowknife Gold Camp, NWT, Canada. It is
the largest property holder in the historic camp, and has the largest
exploration and development program underway in the region. Its principal
asset is the advanced-stage Yellowknife Gold Project, which consists of 6,625
hectares (15,481 acres) of mining leases located 90 km (56 miles) north of
Yellowknife, NWT, Canada.
Tyhee completed fire assays on drill core samples using 30 gram aliquots
with ICP-ES finish for gold analyses, prepared at Acme Analytical Laboratories
Ltd. in Yellowknife, and finished at Acme Analytical Laboratories Ltd in
Vancouver. 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. Val Pratico, P.Geol., Tyhee's
Chief Geologist is the designated QP within the meaning of NI 43-101, has
reviewed this release and approves of its content.
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS
RELEASE. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
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.
Table 1. Recent diamond drillholes from Goodwin Lake.
--------------------------------------------------------------
DDH From To Thickness Grade
--------------------------------------------------------------
GL005 47.5 80.2 32.7 1.27
--------------------------------------------------------------
incl 47.5 49.0 1.5 6.79
--------------------------------------------------------------
incl 58.0 61.0 3.0 2.99
--------------------------------------------------------------
incl 79.1 80.2 1.1 11.85
--------------------------------------------------------------
GL006 26.5 28.0 1.5 1.14
--------------------------------------------------------------
and 76.5 78.0 1.5 2.31
--------------------------------------------------------------
GL007 91.8 94.8 3.0 1.35
--------------------------------------------------------------
and 106.8 108.3 1.5 1.27
--------------------------------------------------------------
and 153.3 154.8 1.5 1.93
--------------------------------------------------------------
GL008 21.0 25.5 4.5 2.53
--------------------------------------------------------------
and 100.0 104.5 4.5 3.37
--------------------------------------------------------------
and 124.0 131.5 7.5 1.07
--------------------------------------------------------------
and 142.0 143.0 1.0 1.32
--------------------------------------------------------------
and 239.0 240.5 1.5 1.25
--------------------------------------------------------------
GL009 6.5 8.0 1.5 2.78
--------------------------------------------------------------
GL010 1.2 17.0 15.8 1.00
--------------------------------------------------------------
incl 16.0 17.0 1.0 8.18
--------------------------------------------------------------
and 41.0 42.5 1.5 2.44
--------------------------------------------------------------
and 86.5 88.0 1.5 1.46
--------------------------------------------------------------
GL011 0.7 2.0 1.3 1.85
--------------------------------------------------------------
and 65.0 66.0 1.0 40.67
--------------------------------------------------------------
and 118.5 119.5 1.0 2.41
--------------------------------------------------------------
and 155.5 167.5 12.0 1.00
--------------------------------------------------------------
incl 166.0 167.5 1.5 4.16
--------------------------------------------------------------
and 172.0 173.5 1.5 1.51
--------------------------------------------------------------
GL012 0.7 2.0 1.3 1.42
--------------------------------------------------------------
and 83.0 84.5 1.5 5.63
--------------------------------------------------------------
and 184.5 187.5 3.0 1.74
--------------------------------------------------------------
and 199.5 200.5 1.0 1.20
--------------------------------------------------------------
GL013 0.6 2.0 1.5 1.35
--------------------------------------------------------------
and 12.5 44.0 31.5 0.80
--------------------------------------------------------------
incl 12.5 21.5 9.0 1.49
--------------------------------------------------------------
and 66.5 69.5 3.0 1.70
--------------------------------------------------------------
GL014 3.5 5.5 2.0 1.57
--------------------------------------------------------------
and 23.5 25.0 1.5 10.00
--------------------------------------------------------------
and 53.5 70.0 16.5 0.80
--------------------------------------------------------------
incl 67.0 68.5 1.5 2.24
--------------------------------------------------------------
and 80.5 82.0 1.5 1.01
--------------------------------------------------------------
GL015 3.0 4.0 1.0 1.50
--------------------------------------------------------------
and 14.5 41.5 27.0 1.59
--------------------------------------------------------------
incl 16.0 22.0 6.0 2.97
--------------------------------------------------------------
and 32.5 35.5 3.0 4.76
--------------------------------------------------------------
and 64.0 80.0 16.0 1.65
--------------------------------------------------------------
incl 64.0 67.0 3.0 2.71
--------------------------------------------------------------
incl 71.5 75.0 3.5 2.55
--------------------------------------------------------------
incl 77.5 80.0 2.5 3.25
--------------------------------------------------------------
and 131.5 133.0 1.5 1.46
--------------------------------------------------------------
and 145.0 146.5 1.5 2.58
--------------------------------------------------------------
and 170.0 173.0 3.0 1.36
--------------------------------------------------------------
and 193.7 207.0 13.3 2.23
--------------------------------------------------------------
and 347.5 349.0 1.5 2.12
--------------------------------------------------------------
GL016 0.7 26.0 25.4 1.50
--------------------------------------------------------------
incl 24.5 26.0 1.5 13.06
--------------------------------------------------------------
and 41.2 42.5 1.4 1.27
--------------------------------------------------------------
and 54.5 56.0 1.5 36.60
--------------------------------------------------------------
and 128.1 137.0 8.9 0.87
--------------------------------------------------------------
incl 128.1 131.0 2.9 1.69
--------------------------------------------------------------
and 159.5 161.0 1.5 8.33
--------------------------------------------------------------
and 176.5 177.9 1.3 3.48
--------------------------------------------------------------
GL017 23.0 48.0 25.0 1.78
--------------------------------------------------------------
incl 39.0 48.0 9.0 3.09
--------------------------------------------------------------
GL018 20.5 22.0 1.5 2.40
--------------------------------------------------------------
and 58.0 65.5 7.5 1.10
--------------------------------------------------------------
incl 64.0 65.5 1.5 2.97
--------------------------------------------------------------
GL019 62.5 64.0 1.5 1.02
--------------------------------------------------------------
and 103.0 107.5 4.5 0.79
--------------------------------------------------------------
incl 106.0 107.5 1.5 1.55
--------------------------------------------------------------
and 140.5 143.5 3.0 1.33
--------------------------------------------------------------
and 161.5 163.0 1.5 1.39
--------------------------------------------------------------
and 190.0 191.5 1.5 1.01
--------------------------------------------------------------
and 239.5 241.0 1.5 35.97
--------------------------------------------------------------
GL020 16.5 18.0 1.5 1.22
--------------------------------------------------------------
and 31.5 33.0 1.5 4.03
--------------------------------------------------------------
and 55.0 56.5 1.5 2.49
--------------------------------------------------------------
and 91.0 115.0 24.0 0.59
--------------------------------------------------------------
incl 98.5 104.5 6.0 1.16
--------------------------------------------------------------
For further information: Tyhee Development Corp.: David Webb, President
and CEO, Tel: (604) 681-2877 (toll free 1-866-681-2877), info@tyhee.com; The
Equicom Group Inc.: Tom McMillan, Tel: (403) 536-5903,
tmcmillan@equicomgroup.com
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