TSX Venture: TDC
VANCOUVER, April 17 /CNW/ - Tyhee Development Corp. (TSX Venture, TDC)
today provides updates on its 100% owned Yellowknife Gold Project, including
the completion of the winter road season and the results of additional
drilling. Drill results include 5.1 metres grading 11.51 grams per tonne (gpt)
gold in NDM425, 8.5 metres grading 4.26 gpt gold in NDM426, 2.4 metres grading
8.94 gpt gold in NDM421, and 2.5 metres grading 5.49 gpt gold in NDM424.
This year's winter road season closed on April 9th. Tyhee successfully
completed its re-supply of the Yellowknife Gold Project prior to the closing
of the winter road. Highlights include:
- Crushing 3,400 tonnes of stockpiled mineralized rock from the
underground sampling program and shipment of 10 tonnes to an
The bulk sample has arrived at the laboratory and will be processed
to confirm the gold grade as well as determine certain engineering
parameters for optimizing gold recoveries and assessing the nature of
the waste streams.
- Refueling of 344,000 litres of diesel, propane and gasoline to site.
The Yellowknife Gold Project now has sufficient fuel on site to
complete another 12 months of operations.
- Transfer of 4,800 boxes of archived drill core from Nicholas Lake to
our Main Camp for processing.
An initial test of 4 drillholes identified numerous gold values
outside of the quartz veins identified in the current resource
estimate. All diamond drill core from the Nicholas Lake Property has
been moved to Tyhee's main camp for resampling. This will quantify
how much gold had not been sampled by previous operators.
- Completion of over 4,000 metres of new core drilling at Nicholas Lake
This drilling will increase the quantity and improve the quality of
the established resource as well as confirm continuity of
- Installation of new analytical preparation laboratory at Tyhee's main
camp. The laboratory is owned and operated by Acme Analytical
Laboratories, Vancouver and remains independent of Tyhee.
The sample preparation laboratory will speed-up the analytical
process and reduces costs.
Assay results from eight additional diamond drillholes have been received
and are summarized on Table 1.
Table 1. Significant drillhole results recently received from
Yellowknife Gold Project.
Drillhole From To Width Assay
NDM419 22.0 23.5 1.5 3.06
30.0 32.5 2.5 7.58
36.8 40.7 4.0 1.94
50.4 55.1 4.8 3.50
68.0 70.6 2.6 2.49
NDM420 34.0 35.0 1.0 2.12
42.5 43.7 1.2 5.30
51.5 55.5 4.0 1.59
59.5 63.0 3.5 1.68
NDM421 112.5 114.9 2.4 8.94
125.9 127.0 1.2 3.21
136.3 139.0 2.8 3.85
144.5 146.0 1.5 2.41
NDM422 164.5 166.0 1.5 1.66
174.1 175.4 1.3 1.78
227.0 229.6 2.6 4.98
NDM423 43.7 47.0 3.3 2.40
319.6 322.0 2.5 3.83
340.0 345.0 5.0 2.30
NDM424 163.0 169.3 6.3 1.32
330.5 333.0 2.5 5.49
363.5 365.0 1.5 2.84
NDM425 215.5 219.0 3.5 1.91
227.0 228.5 1.5 2.06
269.6 274.6 5.1 11.51
NDM426 44.5 47.5 3.0 3.08
110.5 119.0 8.5 4.26
Incl 110.5 113.0 2.5 11.41
True widths are estimated to be 70% to 85% reported width.
Table 2. Location of drillholes reported this release. Coordinates are
in NAD83 Zone 12, metres. Azimuth is true north.
Drillhole Easting Northing Azimuth Dip
NDM419 352903 7008258 127.5 -45.00
NDM420 352953 7008321 127.5 -45.00
NDM421 352953 7008321 127.5 -75.00
NDM422 352930 7008612 127.5 -60.00
NDM423 352935 7008525 127.5 -60.00
NDM424 352930 7008612 127.5 -45.00
NDM425 352926 7008550 127.5 -45.00
NDM426 353020 7008467 127.5 -45.00
Map is attached to release, and available on www.tyhee.com.
Two diamond drill rigs have been relocated to the Ormsby Zone from
Nicholas Lake Main Zone.
Dave Webb, Tyhee's President & CEO, reports "We are very pleased to have
met all of our logistical needs on the winter road this year. With the winter
haul completed on time and on schedule, we can continue development of the
Yellowknife Gold Project in a cost-effective manner. We have additional
diamond drillholes to refine the resource at the Ormsby Zone while we continue
to expand the resource on the Nicholas Lake Main Zone with new drillholes and
through the resampling program currently under way." "These drill results are
very good and continue to fill in the resource. Additional drilling in the
north-end of the Ormsby Zone, in the Bruce Lake and West Zones is expected to
add to and better define the resource in these locations."
Drill cores are sawn along their entire length, with one half of the core
submitted for analysis and the other half retained on site for archival
purposes. Samples are submitted to Acme Analytical Laboratory, Vancouver,
Canada for preparation and analysis. Blank samples, duplicate samples (riffled
splits of coarse crush) and repeat analyses are conducted in addition to
analyses of gold standard samples. All samples are analyzed by fire assay
techniques on 30 gram aliquots with ICP-ES finish.
David R. Webb, B.A.Sc. M.Sc. Ph.D., P.Geol. is the Qualified Person, as
defined by National Instrument 43-101, on the Yellowknife Gold Project and
this news release has been prepared under his supervision.
See attached map at: http://files.newswire.ca/550/Tyhee.Yellowknife.doc
About Tyhee Development Corp.
Tyhee Development Corp. is a gold exploration and development company
currently focused on the historic Yellowknife Gold Camp, NWT, Canada. 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. The property hosts several areas of gold
mineralization, including the partially developed Nicholas Lake Main Zone, the
Ormsby Zone and the West Zone. Additional gold properties have been acquired
within the Yellowknife Gold Belt and reviews of historical data are ongoing.
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; The
Equicom Group Inc., Michael Joyner, Tel: (416) 815-0700 ext 275,