Tyhee receives additional results from Nicholas Lake Main Zone, Yellowknife Gold Project



    TSX Venture: TDC

    VANCOUVER, Aug. 2 /CNW/ - Tyhee Development Corp. (TSX Venture, TDC)
today announced additional gold and tungsten (WO(3)) results from the Nicholas
Lake Main Zone, part of its wholly-owned Yellowknife Gold Project.
    All of the diamond drillholes previously completed on the Nicholas Lake
Main Zone have been resampled to assess the potential for a bulk-mineable
resource at this location. Previously, only portions of these holes had been
assayed. The final results from this program will be released upon receipt.
    Significant intersections including 22.5 metres of 4.924 grams per tonne
(gpt) gold in N051 and 47.5 metres of 2.116 gpt gold in N048 as well as
3.4 metres of 0.223 % WO(3) in N032 and 28.5 metres of 0.042% WO3 in N029 have
been obtained.
    "These intersections continue to define broad areas of gold
mineralization within the Nicholas Lake Intrusion and adjacent metasedimentary
rocks" said Dave Webb, Tyhee's President & CEO. "Of particular interest are
the tungsten values occurring within or in close proximity to the gold
mineralization. The results are significant, both in terms of grade and
thickness on the central to eastern portion, with narrower zones appearing on
the western portion of the deposit."

    
    Table 1. Recent results from the resampling of Nicholas Lake Main Zone.

                      From          To       Width        Gold
    Hole           (metres)    (metres)    (metres)   Grade (gpt)
    N029              37.0        38.5         1.5       8.980
    and              106.9       118.5        11.6       1.053
    and              197.0       200.0         3.0       9.688
    N030             110.3       123.5        13.2       2.848
    N032             172.0       191.0        19.0       2.841
    N036               2.2         3.5         1.3       5.399
    and               55.8        59.0         3.2       9.291
    and              101.7       106.9         5.2       1.249
    and              136.3       159.5        23.2       2.708
    and              168.5       172.6         4.1       1.533
    and              182.9       184.7         1.8       1.767
    and              189.5       192.5         3.0       2.034
    N038             200.0       214.5        14.5       2.674
    N039              81.9        86.0         4.1       1.832
    and              129.4       140.0        10.7       3.116
    N040              68.0        71.0         3.0       2.158
    N042              45.0        56.5        11.5       1.324
    and              125.5       132.2         6.7       2.356
    N048             204.0       251.5        47.5       2.116
    N051               5.0        27.5        22.5       4.924
    And               92.0        94.5         2.5       5.474
    N102              94.5       106.0        11.5       2.439
    N103             143.8       171.2        27.4       1.205
    

    True width is approximately 75 to 85% of the measured width. These
drillholes are shown on the attached figure and the results are in line with
what is expected in these areas. Drillholes N102 and N103 are new drillholes
completed this year.
    Significant tungsten values continue to be encountered within the
Nicholas Lake Main Zone gold deposit.


    
    Table 2. Selected tungsten analyses (reported as WO(3)) from Nicholas
    Lake Main Zone.
                      From          To       Width
    Hole           (metres)    (metres)    (metres)      %WO(3)
    N029              13.0        41.5        28.5       0.042
    And               67.5        91.5        24.0       0.053
    And              112.5       115.5         3.0       0.046
    N030              48.0        59.0        11.0       0.064
    And              110.3       118.5         8.2       0.056
    N032             101.6       105.0         3.4       0.223
    And              137.2       141.0         3.8       0.049
    And              175.8       178.5         2.7       0.245
    And              188.0       189.5         1.4       0.067
    N036             105.4       106.9         1.5       0.335
    N038             200.0       207.0         7.0       0.092
    N040              83.5        91.5         8.0       0.052
    N103             120.0       157.6        37.6       0.036
    And              175.5       184.5         9.0       0.069
    

    True width is approximately 75 to 85% of the measured width. These
drillholes are shown on the attached figure and the results are in line with
what is expected in this area.
    One diamond drill remains active on the Ormsby and Bruce Lake Zones with
a second diamond drill temporarily shutdown. Surface exploration crews have
completed the mapping and sampling of the Clan Lake and Goodwin Lake
Properties, and are now focused on mapping and sampling the BigSky Property.
Tyhee has now received land use permits for diamond drilling at all three of
its exploration properties, and will drill test targets identified in the
current exploration program.

    See attached map at: http://files.newswire.ca/476/0708_Nicholas.pdf

    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.
    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 ICPES
techniques. All elevated tungsten values are then reanalysed on 0.5 gm
aliquots digested using phosphoric acid 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. 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), info@tyhee.com; The
Equicom Group Inc., Michael Joyner, Tel: (416) 815-0700 ext 275,
mjoyner@equicomgroup.com

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