Nov 17 ... additional diamond drillhole results
ca.news.finance.yahoo.com
VANCOUVER, Nov. 17 /CNW/ - Tyhee Development Corp. (TSX-V: TDC.V) today announced the results of gold assays from the second phase of diamond drilling at Goodwin Lake, Yellowknife Gold Belt, NWT, Canada.
"These results, together with the initial four drillholes, clearly demonstrate that the VAD Zone on the Goodwin Lake Property represents a significant new discovery for Tyhee," said Dave Webb, President and CEO of Tyhee Development Corp. "While we anticipated positive results for the drill program, the grade and length of the intersections we found in the initial holes drilled on this target have surpassed our original expectations. With every drillhole in this project intersecting significant gold values over a strike length in excess of 400 m within a mafic unit up to 140 m in width, it is remarkable how consistently we encountered gold with this drill program."
The Goodwin lake results are similar in many ways to those obtained at the Ormsby Zone, 13 km to the north, where intersections of narrow high-grade zones are found within a broader lower grade domain. Furthermore, Goodwin's proximity to Ormsby Zone and our plans for the Yellowknife Gold Project, has clear economic implications for future development."
The VAD Zone is somewhat unique within the Yellowknife Gold Belt in that it has very low arsenic values, often less than detection limits (2 ppm), and in general low sulphide concentrations (similar to the Ormsby Zone). The mineralized zone is constrained within a strataform mafic rock of diorite composition within turbiditic metasediments. Macroscopically the rock appears unaltered with the exception of numerous irregular, discontinuous quartz veins. Minor sulfide enrichment accompanies some of the silicification. Microscopically substantial metasomatism is apparent with evidence of silicification and potassium enrichment.
Maps that show the drillhole locations can be found at www.tyhee.com
Eight more drillholes have been completed and are to be reported from Goodwin Lake, and nine additional drillholes are pending from Clan Lake. Once these have been released Tyhee will commence resource estimations for both Clan Lake and Goodwin Lake.
Tyhee's diamond drills are on standby which is normal during freeze-up, and our operations continue to be well funded at this reduced level of expenditures for the foreseeable future. |
