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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: canucklehead80	10/27/2011 8:21:06 PM
	of 695

Discovery Rediscovered Tyhee Nears NWT Gold Production By Ted Niles It’s at a daunting latitude, yes, but those who fear Tyhee Gold Corp’s TSXV:TDC Yellowknife gold project is too remote might be surprised to find that the property has already produced over a million ounces of gold. Staked by prospector AV Giauque in 1944, the Discovery Mine ran from 1950 to 1969 and turned out roughly one ounce of gold for every ton of ore mined. Employing what has proved for so many junior miners to be the impeccable logic that what was uneconomical then is likely to be economical now, Tyhee bought the property in 2001 (by that point expanded to include six additional claims), and it hasn’t looked back. President and CEO Dave Webb gives a brief timeline: “We acquired the property in 2001. In 2005, we commenced baseline studies for permitting. In 2008, we completed a preliminary assessment that showed the project was economic, and we filed our first request to the regulators for licenses to operate. In 2010, we completed a prefeasibility study. It was quite positive, and we submitted a revised operating license request. In May 2011, we went into the final part of the environmental assessment report and started our feasibility study. We expect to be through everything in another six to eight months.” Read the rest of this article.

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