TSX Venture: TDC
VANCOUVER, Jan. 17, 2012 /CNW/ - Tyhee Gold Corp. (TSX Venture: TDC)
(the "Company") announces that, effective immediately, Harjinder S.
Gill has been appointed to the full time position of Chief Financial
Officer of the Company, and as CFO of Tyhee N.W.T. Corp., the Company's
wholly owned Northwest Territories operating company.
Mr. Gill will be taking over from Lorne B. Anderson, C.A., who has held
the same role since May 2005 on a part time basis. Mr. Anderson is
stepping down to pursue other business interests.
As a financial executive, Mr. Gill brings a wide variety of experience
in the mining industry, both in Canada and internationally, including
extensive responsibility for budgeting, cost management, auditing,
taxation, forensic analysis as well as enterprise resource planning and
information systems implementation.
For the past four years Mr. Gill was Director General of Akmola Gold
LLP, which conducted extensive exploration and development work on its
project in Astana in northern Kazakhstan. In his role as the Chief
Executive and one of the principals, Mr. Gill was responsible for
acquiring the project, arranging private funding and overseeing
technical personnel in charge of exploration and development on two
mineralized zones which were taken to resource status. Mr. Gill was
also responsible for arranging the necessary work for National
Instrument 43-101 resource reports.
Prior to his most recent position with Astana, Mr. Gill worked 16 years
in a variety of positions for Teck Resources, including 12 years as a
Business Analyst charged with operational trouble shooting and business
development. Mr. Gill's most notable role with Teck included working
on the Antamina project in a construction oversight role, which later
transitioned to Mine Controller during that project's startup.
Mr. Gill's addition to Tyhee's executive team follows the recent
appointment of Brian K. Briggs P.E. as Interim CEO (see Tyhee release
dated December 19, 2011.)
Mr. Briggs stated, "On behalf of all of us at the Company, I want to
thank Lorne for his professionalism and invaluable service over the
past years. Change is a necessary part of company growth and
development but in this case, we are appreciative of Lorne's past
efforts and look forward to his continued success in his future
The addition of Mr. Gill to the Tyhee management group allows the
Company to continue to focus on achieving our stated corporate goal of
transitioning the Yellowknife Project from exploration to an operating
gold mine. Mr. Gill's wealth of experience and knowledge in the
financial world will be heavily relied upon as we turn our vision into
a reality in a few short years."
About Tyhee: Tyhee Gold Corp. is focused on rapidly developing its Yellowknife Gold
Project, an advanced stage wholly-owned gold project currently in the
final stages of a Feasibility Study as well as the Developer's
Assessment Review. The Feasibility Study, currently led by Mr.
Briggs', with SRK Consulting as the lead consultant, is on schedule for
mid-2012 completion and is expected to improve upon project
fundamentals given in the Pre-Feasibility Study completed in July
2010. 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 or www.sedar.com.
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
the completion of the feasibility study, permitting and stated goal of
constructing and operating the Yellowknife Gold Mine. 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 complete the feasibility study, or not to proceed with or
complete construction or development projects and studies, to delay
permit applications, or delay the delivery of the feasibility study
include factors such as insufficient financing, 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,
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.
SOURCE Tyhee Gold Corp.
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