TSX Venture: TDC
VANCOUVER, May 24, 2011 /CNW/ - Tyhee Gold Corp. (TSX Venture, TDC) (the
"Company"), a late stage development company, is pleased to announce
the appointment of Mr. Brian K. Briggs to the position of Vice
President of Engineering and Project Manager of the Yellowknife Gold
Project, NWT, Canada.
Mr. Briggs comes to Tyhee from Geovic Mining Corp where he was Vice
President of Technical Services and just recently successfully managed
the Bankable Feasibility Study for Geovic Cameroon's Nkamouna project.
Mr. Briggs is a Registered Professional Mining Engineer and holds both
B.S. and M.S. degrees in Engineering from the University of Wyoming.
Mr. Briggs' diverse and distinguished career encompasses over 23 years
in engineering and mine management in North America, Africa and Asia,
having begun his career as a mining engineer with Shell Mining Company
followed by Kennecott Energy in the 90's. In 1999 Mr. Briggs left
Kennecott to work on various precious and base metals mining projects
in the U.S., Ghana, Liberia, North Korea and Canada holding the
positions of President and COO as well as a number of other senior
management roles focused primarily on project evaluation, development,
and construction where he advanced a number of green field exploration
projects into producers in highly remote locations world-wide.
Mr. Briggs' highly accomplished background in project development,
economic evaluation, and mine design is expected bolster Tyhee's
current experienced management team as the Yellowknife Project moves
from exploration and pre-development into engineering design and
construction over the next 18 to 24 months.
Dave Webb, President & CEO says "we are very pleased to welcome Brian to
Tyhee and we expect the Yellowknife project to be significantly
enhanced by Mr. Briggs' extensive experience. We are impressed that he
recently finalized the Nkamouna project bankable feasibility study for
Geovic where he enhanced the project's economics by over 33% and
implemented a number of innovative mining techniques to lower estimated
mine operating costs by over 50%."
Additional drill results are pending from the Ormsby Zone, and Clan Lake
Main Zone, and should be available 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 in part 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 through the final stages of this review process with the
submission of the environmental assessment study last week.
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
SOURCE Tyhee Gold Corp.
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