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Gold/Mining/Energy : Tyhee (Toronto Stock Exchange)

TDC 20.89

-0.7%

Oct 30 5:00 PM EST

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From: d:oug	7/13/2011 2:54:58 AM
	of 695

July 11 ... The Feasibility Study is targeted to commence on July 11, 2011, ca.finance.yahoo.com ... and is expected to take less than twelve months to complete. Following completion, and assuming positive results, it is Tyhee Gold Corp's intention to immediately move ahead with financing and construction of the Yellowknife Gold Project. The company's current management team has significant past experience in all phases of finance and project construction. With multiple past projects collectively completed the management team is confident in a seamless transition to production. Dr. David Webb, CEO of Tyhee Gold Corp was quoted as follows: "The appointment of these internationally recognized consulting firms will bring a wealth of world-wide experience in mining, geology, processing, mineral economics and environmental disciplines and is a significant milestone in the development of the Yellowknife Project. All three firms chosen to team with Tyhee management have considerable experience in Arctic and Sub-Arctic regions and can use their knowledge to assist Tyhee in developing its projects in ways that are both environmentally sensitive and maximises shareholder value." Tyhee Gold Corp. is actively moving its wholly-owned Yellowknife Gold Project towards production. A full environmental assessment report was submitted to the regulatory authorities on May 11, 2011 as part of the process to permit the construction and operation of a 3,000 tonne per day mine and mill complex. The EA review process is expected to conclude concurrently with the Feasibility Study.

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