TSX Venture: TDC
VANCOUVER, March 10 /PRNewswire/ - Tyhee Gold Corp. (TSX Venture, TDC) (the "Company"), a late stage development company, is pleased to announce that diamond drilling continues to expand the Spud and Main Zone at Clan Lake.
"The results from the Main Zone (http://files.newswire.ca/550/1103_ClanDilling1a.jpg), where mineralization continues to expand to the east, are very good as identified in CL187 (12.0 metres (m) of 3.03 grams of gold per tonne (gpt) including 6.0 m grading 5.54 gpt) " reports Dave Webb, President & CEO of Tyhee Gold Corp. " On the Spud Zone recent drilling provided apparent limits to the southeast while, at the same time, delivering very good results to the north and west (CL 048 (17.4 m of 1.57 gpt gold) and CL052 (15.4 m of 2.53 gpt gold)). It appears that the grade trails off once we are outside of the limits of mineralization (as shown in CL177 and CL182), but we are not certain these are hard limits or whether we have just identified a gap in the zone, which continues beyond these holes."
Diamond drilling continues with two drills targeting 1) infill drilling on the Ormsby Zone in a sparsely drilled area of proven ore reserves between two proposed open pits, and 2) expansion of the resources north and southeast of the probable ore reserves established at Clan Lake, both defined by the Preliminary Feasibility Study.
Tyhee Gold Corp. is developing its wholly-owned Yellowknife Gold Project within the historic Yellowknife Gold Camp, NWT, Canada towards production. It has 2 million ounces of gold in its Measured and Indicated categories, over 800,000 ounces of gold in Proven and Probable Reserves, and a positive Preliminary Feasibility Study. Applications to construct and operate a 3,000 tonne per day mine and mill complex have been submitted to regulatory authorities and Tyhee is moving towards the final stages of this review process. Tyhee is currently drilling to expand the defined resource at the Spud and Main Zones at Clan Lake, and at the Ormsby Zone.
Tyhee completes 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. As well, 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.
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 proposed or anticipated work programs. 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
proceed with anticipated work programs include factors such as analysis of the exploration results may
lead to a determination that further exploration is not warranted, insufficient funding, delays as a result of
early or late onset of winter conditions, availability of personnel and equipment to conduct work programs,
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. Accordingly, readers should not place undue reliance on forward-looking
Recent drillholes at Clan Lake, Yellowknife Gold Project
|Drillhole||From (metres)||To (metres)||Width (metres)||Gold gpt|
CL178 to CL181 did not intersect significant mineralization
* Reassay of earlier archival diamond drillhole, includes historic assays data.
SOURCE Tyhee Gold Corp.