TYHEE GOLD CORP
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Message: BREAKING NEWS!!!!!!!!!!!!!!!
http://biz.yahoo.com/cnw/081211/tyhe...
Tyhee announces additional diamond drillhole results from Goodwin Lake and Clan Lake properties, Yellowknife Gold Belt, NWT, Canada
Thursday December 11, 8:30 am ET
TSX Venture: TDC
VANCOUVER, Dec. 11 /CNW/ - Tyhee Development Corp. (TSX-V: TDC - News) today announced the final results of gold assays from the second phase of diamond drilling at Goodwin Lake and Clan Lake, Yellowknife Gold Belt, NWT, Canada.Highlighted intersections from the recent program: Goodwin Lake: ------------- - Drillhole GL022: 35.5 metres (m) of 1.83 grams per tonne (gpt) gold Including: 16.5m of 3.33 gpt gold; and 16.5 m of 1.40 gpt. - Drillhole GL024: 10.5 m of 8.38 gpt gold - Drillhole GL028: 6.0 m of 2.04 gpt gold Clan Lake: ---------- - Drillhole CL134: 9.0 m of 1.50 gpt gold; and 4.0 m of 2.01 gpt gold; and 1.0 m of 29.20 gpt gold. - Drillhole CL137: 11.8 m of 1.27 gpt gold including: 5.8 m of 2.17 gpt gold - Drillhole CL138: 10.0 m of 1.36 gpt gold; and 4.3 m of 6.99 gpt gold. - Drillhole CL139: 2.7 m of 6.57 gpt gold - Drillhole CL140: 3.0 m of 13.09 gpt gold; and 4.5 m of 13.93 gpt gold. - Drillhole CL141: 3.0 m of 5.29 gpt gold"The results from Goodwin Lake, together with the initial 20 drillholes previously reported, expand the VAD Zone, and define a significant new discovery in the Yellowknife Gold Belt, 13 km south of our established resource at the Ormsby Zone," said Dave Webb, President and CEO of Tyhee Development Corp. "While the Clan Lake results continue to expand the boundary of the Main Zone, additional zones have also been identified both to the east and west, suggesting the potential for additional gold mineralization at Clan Lake."
The Main Zone of Clan Lake has now been diamond drilled over a 400 m strike length (open) and in places to a depth of 300 m (open). While additional drilling will be required to confirm the continuity of the Main Zone, initial results appear to identify one or more gold-bearing zones cumulatively ranging up to more than 80 m in width in places within a domain that is up to 100 m wide. A resource estimate is being prepared, and is anticipated some time in the first quarter of 2009.
The Clan Lake Main Zone gold mineralization is associated with silicification, quartz veining, and quartz breccias with significant pyrrhotite and arsenopyrite disseminations. Previous work included trenching, diamond drilling, and a bulk sample. It is 485 m long, up to 65 m wide, poorly exposed to the northwest, and has not been explored in detail to the southeast.
Gold mineralization at Goodwin Lake is constrained within a strataform mafic rock of diorite composition within turbiditic metasediments. Macroscopically the rock appears unaltered with the exception of numerous irregular, discontinuous quartz veins. Minor sulfide enrichment accompanies some of the silicification. Microscopically substantial metasomatism is apparent with evidence of silicification and potassium enrichment. Tyhee will review the Goodwin data to determine if it is possible to establish a resource on the VAD Zone.
Maps that show the drillhole locations can be found at www.tyhee.com
Plans for winter drilling are in place, and the decision to commence will be deferred until late winter. Tyhee continues to extract the maximum value from its extensive database, continuing resource optimization and engineering studies while working to obtain production permits for its wholly owned Yellowknife Gold Project.
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.
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. Val Pratico, P.Geol., Tyhee's Chief Geologist is 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. Table 1. Recent diamond drillholes from Goodwin Lake. ------------------------------------------------------------------------- DDH From To Thickness Grade ------------------------------------------------------------------------- GL021 21.0 22.5 1.5 1.31 ------------------------------------------------------------------------- and 40.5 42.0 1.5 3.42 ------------------------------------------------------------------------- GL022 8.5 44.0 35.5 1.83 ------------------------------------------------------------------------- incl 8.5 25.0 16.5 3.33 ------------------------------------------------------------------------- and 101.0 102.5 1.5 1.09 ------------------------------------------------------------------------- and 155.0 171.5 16.5 1.40 ------------------------------------------------------------------------- incl 162.5 165.5 3.0 2.83 ------------------------------------------------------------------------- and 168.5 171.5 3.0 2.24 ------------------------------------------------------------------------- GL023 82.5 84.0 1.5 41.95 ------------------------------------------------------------------------- and 94.0 95.5 1.5 3.15 ------------------------------------------------------------------------- GL024 1.5 12.0 10.5 8.38 ------------------------------------------------------------------------- incl 10.5 12.0 1.5 56.65 ------------------------------------------------------------------------- and 25.0 31.0 6.0 0.86 ------------------------------------------------------------------------- GL025 105.0 106.0 1.0 1.41 ------------------------------------------------------------------------- GL026 60.5 62.0 1.5 1.09 ------------------------------------------------------------------------- GL027 77.5 79.0 1.5 5.40 ------------------------------------------------------------------------- GL028 29.0 35.0 6.0 2.04 ------------------------------------------------------------------------- incl 29.0 30.5 1.5 5.73 ------------------------------------------------------------------------- True width is not known at this time. Table 2. Recent diamond drillholes from Clan Lake. ------------------------------------------------------------------------- DDH From To Thickness Grade ------------------------------------------------------------------------- CL134 55.5 64.5 9.0 1.50 ------------------------------------------------------------------------- and 167.9 172.0 4.1 0.84 ------------------------------------------------------------------------- and 422.0 426.0 4.0 2.01 ------------------------------------------------------------------------- and 438.0 439.0 1.0 29.20 ------------------------------------------------------------------------- CL135 5.0 6.5 1.5 1.62 ------------------------------------------------------------------------- and 9.0 10.55 1.55 1.08 ------------------------------------------------------------------------- and 53.6 62.8 9.2 1.21 ------------------------------------------------------------------------- incl 53.6 58.7 5.1 1.80 ------------------------------------------------------------------------- and 73.7 74.7 1.0 1.45 ------------------------------------------------------------------------- and 125.4 126.7 1.3 14.23 ------------------------------------------------------------------------- and 195.5 196.8 1.3 1.88 ------------------------------------------------------------------------- CL136 99.0 100.0 1.0 26.05 ------------------------------------------------------------------------- and 138.0 139.0 1.0 1.02 ------------------------------------------------------------------------- CL137 54.6 55.8 1.2 1.04 ------------------------------------------------------------------------- and 77.6 88.2 10.6 0.72 ------------------------------------------------------------------------- incl 77.6 78.5 0.9 3.61 ------------------------------------------------------------------------- and 123.6 125.0 1.4 1.03 ------------------------------------------------------------------------- and 148.2 160.0 11.8 1.27 ------------------------------------------------------------------------- incl 148.2 154.0 5.8 2.17 ------------------------------------------------------------------------- and 262.3 263.8 1.5 1.56 ------------------------------------------------------------------------- and 278.5 279.5 1.0 2.56 ------------------------------------------------------------------------- and 300.0 301.4 1.4 1.74 ------------------------------------------------------------------------- CL138 44.3 45.6 1.3 1.96 ------------------------------------------------------------------------- and 56.0 57.2 1.2 2.02 ------------------------------------------------------------------------- and 62.5 64.0 1.5 1.71 ------------------------------------------------------------------------- and 72.0 82.0 10.0 1.36 ------------------------------------------------------------------------- and 250.0 254.3 4.3 6.99 ------------------------------------------------------------------------- CL139 109.3 128.0 18.7 0.84 ------------------------------------------------------------------------- incl 109.3 111.5 2.2 4.42 ------------------------------------------------------------------------- and 163.0 165.7 2.7 6.57 ------------------------------------------------------------------------- and 288.5 290.0 1.5 1.16 ------------------------------------------------------------------------- and 312.0 340.0 28.0 0.73 ------------------------------------------------------------------------- incl 312.0 314.8 2.8 2.45 ------------------------------------------------------------------------- incl 337.0 340.0 3.0 2.71 ------------------------------------------------------------------------- CL140 19.5 21.0 1.5 1.62 ------------------------------------------------------------------------- and 116.5 119.5 3.0 13.09 ------------------------------------------------------------------------- and 239.5 244.0 4.5 13.93 ------------------------------------------------------------------------- CL141 130.0 131.5 1.5 1.18 ------------------------------------------------------------------------- and 209.4 210.0 0.6 3.96 ------------------------------------------------------------------------- and 304.0 305.5 1.5 1.34 ------------------------------------------------------------------------- and 334.0 369.5 35.5 0.78 ------------------------------------------------------------------------- incl 334.0 337.0 3.0 5.29 ------------------------------------------------------------------------- CL142 139.5 160.0 20.5 0.82 ------------------------------------------------------------------------- incl 139.5 141.0 1.5 1.72 ------------------------------------------------------------------------- and 145.5 147.0 1.5 1.68 ------------------------------------------------------------------------- and 159.0 160.0 1.0 10.66 ------------------------------------------------------------------------- and 240.5 241.5 1.0 1.48 ------------------------------------------------------------------------- True width is not known at this time
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., Tom McMillan, Tel: (403) 536-5903 , tmcmillan@equicomgroup.com
Source: Tyhee Development Corp.
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