Thanks Dave, and I include a snapshot here for a quick summary.
stockhouse.com
Tyhee Development Corp. (TDC:VSE)
Incentive Stock Options - 11/18/99
Private Placement Non Brokered - 11/18/99
Shares for Debt Settlement - 11/19/99
Close of Private Placement - 11/22/99
Significant Gold Results at Russell Lake VMS Property - 11/22/99
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Tyhee Development Corp. 11/18/99 - Incentive Stock Options
Incentive Stock Options The Vancouver Stock Exchange has accepted for
filing, Incentive Stock Options from the following Companies:............
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Tyhee Development Corp. 11/18/99 - Private Placement Non Brokered
TYHEE DEVELOPMENT CORP. ("TDC") - Private Placement-Non-Brokered The
Vancouver Stock Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced October 4, 1999:............
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Tyhee Development Corp. 11/19/99 - Shares for Debt Settlement
TYHEE DEVELOPMENT CORP. ("TDC-V;TYHJF-L") - Shares for Debt Settlement
Tyhee Development Corp. (the "Company") announces that certain creditors
have agreed to accept shares in the Company in satisfaction of the
Company's indebtedness to them. The Company has, subject to VSE
approval......
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Tyhee Development Corp. 11/22/99 - Close of Private Placement
TYHEE DEVELOPMENT CORP ("TDC-V;TYHJF-L") - Close of Private Placement
Tyhee Development Corp. (the "Company") is pleased to announce that it
has completed a non-brokered private placement prviously announced on
October 4, 1999. The placement consists of....
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Tyhee Development Corp. 11/22/99 - Significant Gold Results at Russell
Lake VMS Property
TYHEE DEVELOPMENT CORP. (" TDC-V;TYHJF-L") FORTUNE MINERALS LIMITED
("FT-T") - Significant Gold Results at Russell Lake VMS Property
Dr. D.R. Webb, President of Tyhee Development Corp. and Fortune Minerals
Limited (the "Companies"), report that initial results from four diamond
drillholes completed on the Russell Lake Property (the "Property") have
been received and confirm the presence of a significant gold-rich
volcanogenic massive sulphide ("VMS") deposit on the Property.
The drillholes tested a portion of the Robin Lake Deposit, an Archean
VMS deposit that occurs within a 1,600 meters (5,200 feet) long and 200
metres (650 feet) thick intermediate to felsic volcanic and chert
horizon.
One drillhole tested beneath the IG Zone, a portion of the Robin Lake
Deposit that can be traced for 400 meters along strike north of Hammer
Lake and has previously returned significant gold concentrations (TDC
News Release 3-113, July 12, 1999). The IG Zone attains a maximum
thickness on surface of 40 meters. Results include intercepts of 21.7
meters (71 feet) of massive and semi-massive sulphide including
pyrrhotite, pyrite, and arsenopyrite, with minor chalcopyrite and
sphalerite.
Analyses include 19.2 meters (63 feet) of 1.1 gpt (0.032 opt) gold
including 4.6 meters (15.0 feet) of 2.1 gpt (0.061 opt) gold and 1.5
meters (5.0 feet) of 5.1 gpt (0.149 opt) gold. Low base metal values, up
to a maximum of 0.05% copper over 1.3 meters (4.3 feet) were obtained.
IG ZONE .......
Three drillholes tested the EMS Zone of the Robin Deposit south of
Hammer Lake, all of which intersected massive and semi-massive sulphides
(pyrrhotite with minor pyrite, chalcopyrite and sphalerite) over core
lengths of 5.3 to 17.4 meters (17 to 57 feet). Significant gold
mineralization was identified in..........
The Property is located 90km west-northwest of Yellowknife, Northwest
Territories, Canada. It is 60km north of Highway 3 and 5km north of the
high voltage power line between the Snare hydroelectric complex and
Yellowknife.
Tyhee can earn a 51% interest in the Project by spending $400,000 prior
to May, 2003, and may either form a joint venture with Fortune after
vesting, or may increase its interest to 60% by incurring an additional
$400,000 by May of 2006. There is an underlying 1% NSR on the Property,
half of which can be purchased for a one-time payment of $500,000
subject to certain conditions.
The Companies are very encouraged by these results which confirm a very
large VMS system with enrichments of copper and zinc, and higher than
average gold concentrations. Tyhee anticipates commencing a second phase
drill program as soon as conditions permit. The purpose of the second
phase drill program will be: 1.
to assess the extent of the IG Zone in all directions, 2.
to determine if any additional concentrations of copper, zinc, or gold
exist elsewhere within the Robin Lake Deposit, and 3.
to test additional geophysical targets outside of the Robin Lake Deposit
for other massive sulphide concentrations.
Results will be made available as they are received and verified by the
Companies. TEL: (604) 681-2877
Investor Relations FAX: (604) 681-2879 INET:
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