TSX Venture: TDC
VANCOUVER, Jan. 29 /CNW/ - Tyhee Development Corp. (TSX Venture, TDC)
(the "Company") today announced results from an additional 27 diamond
drillholes on the Ormsby Zone. Highlights include 7.250 grams per tonne (gpt)
gold over 6.5 metres (m) in NDM504 and 5.48 gpt over 6.0 m from NDM496.
Table 1. Recent results from the Ormsby Zone.
Dave Webb, Tyhee's president and CEO said "These drillholes are part of
the 2007 program to extend the Ormsby resource both to the north and to the
south of the main body, with some infill drilling where gaps had been
identified in the previous resource blocks. Additional drill holes targeted
portions of the Bruce Lake Zone. The results include numerous intersections
between 1 and 2 metres wide, several with high gold grades, and some broader
intervals greater than 3 metres wide.
Much of the diamond drilling on the Ormsby Zone focused on shallow
targets in anticipation of expanding the resource potential for a conceptual
open pit. For example, NDM496 the northern-most drillhole reported here on the
Ormsby Zone intersected 6.0 m grading 5.48 gpt gold starting 32 m down hole.
This has encouraging implications in expanding our gold resource into this
Further drilling continues on site with one drill operating on the Ormsby
Zone, and three drills active on the BigSky Property. The company is currently
revising its Nicholas Lake Zone resource to evaluate its bulk-minable resource
Table 2. Location of diamond drillholes reported in this release.
The Company's principal focus is the development of its Yellowknife Gold
Project. The Yellowknife Gold Project consists of 6,625 hectares
(15,481 acres) of mining leases located 90 km (56 miles) north of Yellowknife.
The property hosts several areas of gold mineralization, including the
partially developed Nicholas Lake Zone, the Ormsby Zone and the Bruce Lake
Zone. A 1.2 million ounce measured and indicated gold resource plus a 353,000
ounce inferred gold resource has been identified on the property as reported
June 20, 2007 (News Release S.8 R.11). Additional exploration properties
within the Yellowknife Gold Belt, including the Goodwin Lake, Clan Lake, and
BigSky Properties have been acquired. Preliminary exploration has confirmed
gold mineralization on these exploration properties.
Sample Analysis and QA/QC Program
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. 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. Dr. D.R. Webb, PhD, P.Geol., 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.
For further information:
For further information: Tyhee Development Corp., David Webb, President
and CEO, Tel: (604) 681-2877, toll free 1-866-681-2877, firstname.lastname@example.org