TSX Venture: TDC
VANCOUVER, March 6 /CNW/ - Tyhee Development Corp. (TSX Venture, TDC)
(the "Company") reports the results of the initial four drillholes on the
Company's wholly-owned Goodwin Lake Property.
Tyhee is pleased to report that all four drillholes returned significant
gold values, including 6.422 grams of gold per tonne (gpt) over 6.6 metres (m)
in diamond drillhole GL003, including 14.458 gpt gold over 2.7 m, and
11.435 gpt over 1.5 m in diamond drillhole GL002. Broader zones, up to 0.625
gpt gold over 34.9 m (GL001) were encountered.
Dr. D.R. Webb, President & CEO reports, "We are very pleased that the
first diamond drillholes ever completed on the VAD Zone have returned such
robust results. The geology was determined to be prospective, and preliminary
work identified substantial zones of gold enrichment that returned very
encouraging results. We feel we may have identified a new centre of
mineralization that has never before been recognized." Tyhee has been
consolidating properties in the Yellowknife Gold Belt, and has focused on
internally generated prospects with significant gold potential. The results
suggest the potential exists for a large tonnage Ormsby-style deposit in that
the gold is hosted by a silicified, sulphidized and brecciated mafic body. The
VAD Zone is 12 kilometres south of the Company's development-stage Yellowknife
From To Thickness Gold Grade
DDH (metres) (metres) (metres) (gpt)
GL001 28.1 63.0 34.9 0.625
incl 38.2 63.0 24.8 0.755
incl 38.2 41.0 2.8 1.997
and 84.3 85.6 1.3 1.33
and 185.5 187.0 1.5 4.435
GL002 33.0 52.0 19.0 0.335
incl 39.5 40.9 1.4 1.017
and 106.0 107.5 1.5 11.435
GL003 16.6 17.8 1.2 4.014
and 31.5 34.7 3.2 1.418
incl 34.3 34.7 0.5 8.683
and 51.8 58.9 7.1 1.422
incl 51.8 53.1 1.3 3.916
and 58.0 58.9 0.9 5.418
and 133.0 134.3 1.3 1.265
and 176.3 183.0 6.6 6.422
incl 176.3 179.0 2.7 14.458
GL004 1.0 2.5 1.5 1.473
and 56.0 57.0 1.0 1.148
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. Additional gold properties have been acquired
within the Yellowknife Gold Belt and exploration of these targets has
commenced with the initial results confirming significant gold values over
multiple metres on two of the three grassroots properties reported. Results
from the third property are pending.
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. V. Pratico, 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