Tyhee Starts Diamond Drill Program On Yellowknife Gold Project, NWT, Canada
posted on
Aug 03, 2011 09:25AM
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cnw
TSX Venture: TDC
VANCOUVER, Aug. 3, 2011 /CNW/ - Tyhee Gold Corp. (TSXV: TDC) (the
"Company") announces that it has started a 3,000 metre diamond drill
program on the Yellowknife Gold Project. The program is designed to
develop the Clan Lake Main Zone resource by expanding on and improving
the gold mineralization discovered along strike of the Main Zone. The
drilling will also supply geotechnical information and allow for
improvements in the design of any potential pits for this resource.
Diamond drilling this year extended the Main Zone (354,000 ounces of
Indicated gold Resource), by 500 metres to the southeast, with
intersections of 13.0 metres (m) of 0.72 grams per tonne (gpt) gold in
CL188, and 8.0 m of 0.79 gpt gold including 2.0 m of 2.34 gpt gold in
CL189.
"The initial results show that the Main Zone has potential to expand to
the southeast and the current drill program will focus on defining the
extent of this mineralization to allow for its inclusion in a revised
resource estimate that will be incorporated into the Feasibility Study
currently underway." Reports Dr. Dave Webb, President &
CEO. "Additional targets at Clan Lake will be assessed so that the
development of the known additional zones will occur in a systematic
fashion."
Tyhee Gold Corp. is actively moving its wholly-owned Yellowknife Gold
Project towards production. A Feasibility Study is underway, lead by
SRK Consulting, and is expected to be completed by mid 2012. It will
build on the positive Preliminary Feasibility Study completed in July
2010 that recommended operating at 3,000 tonnes per day, The Feasibility Study will consider an expanded resource, more
current gold price as well as other updated inputs.
Tyhee's shares trade on the TSX Venture Exchange under the symbol "TDC".
For additional information, please visit the Company's website,