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Gold/Mining/Energy : Tyhee (Toronto Stock Exchange)
TDC 28.64+1.3%Nov 28 4:00 PM EST
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To: d:oug who wrote (228)5/3/2002 12:30:26 PM
From: Dave R. Webb  Read Replies (3) of 695
 
Doug

I think it's just you and me here. Gold has moved smartly over the past year, and most companies that have got gold projects on the go are attracting investor interest. Tyhee acquired two advanced gold projects, and is financing these through the placements that you have seen recently. Tyhee is more than just gold though.

The Yellowknife Gold Project is advancing as expected, and we should have lots more news on that this year. We've also had the good fortune to have acquired a number of IOCG targets over the past few years. These polymetallic base and precious metal deposits have attracted a lot of attention lately as real company-making targets. This was aided in no small way by Minotaur Resources' big hit at Prominent Hill in Australia.

Targets in the Prominent Hill area had previously turned up big intercepts of interesting copper such as 287 metres at 0.23% copper and 186 metres at 0.13% copper within iron-rich lithologies. Minotaur did some further work, and recently drilled 371 metres of 1.31% copper and 0.78 gpt gold, including some better intercepts like 21 metres of 3.04% copper and 1.02 gpt gold. That can attract a lot of attention.

Tyhee has interests in 3 such properties, all in Canada, and has recently had a number of inquiries concerning these. Tyhee plans to advance these projects this summer.

Dave
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