Nov 28 ... reports high-grade intersection
ca.finance.yahoo.com
VANCOUVER, Nov. 28, 2011 /CNW/ - Tyhee Gold Corp. (TSX Venture: TDC) (the "Company") announces that it has received the final results from its 10,000 metre (m) diamond drill program at Clan Lake. Results include CL209 which had an exceptional 885 gram per tonne (gpt) gold intercept within a 20 metre wide mineralized zone grading 24.71 gpt (uncut). This drilling was focused on the Clan Main Zone, filling a gap between two mineralized areas.
"The results show that the Main Zone continues to be open to the southeast, while drilling a gap within the Main Zone returned very good numbers including a short interval that was close to 0.1% gold (885 gpt)," reports Dr. Dave Webb, President & CEO. "These high-grade intercepts are not unusual in Yellowknife, and are typically reduced to 100 gpt in any engineering calculation so as to not put too much emphasis on a single assay. This is industry standard practice." Field operations have been suspended for freeze-up, however engineering and permitting work continues.
Tyhee Gold Corp. is actively moving its wholly-owned Yellowknife Gold Project towards production. A Feasibility Study, lead by SRK Consulting, is underway and expected to be completed by mid-2012. It will build on the positive Preliminary Feasibility Study completed in July 2010, which recommended operating at 3,000 tonnes per day. The Feasibility Study will also consider an expanded resource as well as other updated inputs, including a more current gold price. |
