Oct 28 ... 25% increase in the measured and indicated gold resource
ca.news.finance.yahoo.com
TSX Venture: TDC
VANCOUVER, Oct. 28 /CNW/ - Tyhee Development Corp. (TSX-V: TDC.V) (the "Company") today announced a revision to the Yellowknife Gold Project NI 43-101 resource estimate for the Ormsby and Bruce Lake zones that was previously announced on April 3, 2008. The new resource incorporates approximately 25,000 m of new drilling. The Measured and Indicated gold resource has increased by 25% to 1,593,000 ounces of gold, a net increase of 324,000 ounces of gold that includes the upgrading of 196,000 ounces of inferred gold from the April 3, 2008 resource, and an increase of 128,000 ounces of gold from the new drilling.
"The 324,000 ounces of measured and Indicated gold represents a significant increase in Tyhee's resource at the Yellowknife Gold Project," said Dr. Dave Webb, Tyhee's President and CEO. "This increase is largely due to targeted drilling within the Ormsby and Bruce Lake zones that was carried out during 2007 and the spring of 2008. Together with the resource increase announced on April 3, 2008 (NR S.9, R.6) Tyhee has maintained an average annual resource growth profile of 200,000 to 250,000 ounces of gold per year since 2003."
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