TSX Venture: TDC
VANCOUVER, Feb. 26 /CNW/ - Tyhee Development Corp. (TSX Venture, TDC)
(the "Company") updates the status of its Yellowknife Gold Project and diamond
The winter road to the Yellowknife Gold Project has now been completed
and is open for traffic at maximum capacity. Tyhee has commenced its resupply
for the year which should be completed by the end of March. The winter road
also provides access to the BigSky, Clan Lake and Goodwin Lake zones.
Diamond drilling commenced on January 4th and was suspended for 1 week
due to extreme cold conditions (see NR S9 R3). Three of the four drills were
restarted over the past two weeks, with the fourth drill restarting earlier
this week. The drill on the Yellowknife Gold Project has been moved to Clan
Lake, where the first two holes have recently been completed. Clan Lake will
continue to be drilled with one rig active through March. Three drills are
operating on the BigSky Property.
To date, seventeen diamond drillholes, totaling over 2,900 metres, have
been completed on BigSky, four holes have been released and thirteen holes
have assays pending and will be released when received.
Four drillholes have been completed on Goodwin Lake and final assays are
In 2007 a total of 129 diamond drillholes from the Nicholas Lake Zone
were assayed for gold plus tungsten. The data has been compiled and a revised
resource estimate is nearing completion with the results anticipated within
4 weeks. The deposit is being evaluated as both an underground as well as an
open pit resource, with ongoing economic modeling to determine the best
A total of 108 diamond drillholes were completed on the Ormsby and Bruce
Lake Zones in 2007, with the final assays from this program expected within
4 to 5 weeks. The resource will then be revised. It is anticipated this
revision will take an additional 3 to 5 weeks.
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