TYHEE INVESTORS BLOG, Latest Update
posted on
Feb 04, 2010 04:55PM
http://tyheeinvestors.blogspot.com/
Thursday, February 4, 2010
" Diamond drilling at the Ormsby Zone is near completion with the work focused on testing sites for building foundations and other infrastructure as well as two combined exploration/engineering drillholes. Permitting work continues in conjunction with the above mentioned program, focusing on the Ormsby and Nicholas Lake Zones."
This is important for the PFS and permit for the plant. Tyhee is moving along...
The fact that only one drill is running at Clan Lake and 2 more will be added mid to late February only, means that the aggressive PR I was expecting just before PDAC in March will not happen. Nobody can predict the weather!!! Tyhee had the money before the end of last December and it looks like the drilling had to be postponed at Clan Lake and priority was given to Ormby.
However we should get the first news from drilling at Clan Lake just on time for PDAC. A more detailed release will be done in April about Clan Lake with, IMO, a new resources' update early May. This should be very positive for the share price.
Hubert