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Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (3867)	10/13/1999 6:11:00 PM
From: d:oug	Read Replies (1) \| Respond to of 4066

(on topic) Dave went to top of hill and started a snowball aRolling... Tyhee Development Corp. 10/4/99 - Financing Quick Quote: V.TDC0.950 (+0.350) TYHEE DEVELOPMENT CORP ("TDC-V") - Financing Dr. D.R. Webb, President of Tyhee Development Corp. ("TDC"- Vancouver, formerly Mongolia Gold Resources Ltd., the "Company") reports that, subject to VSE approval, it has agreed to sell by way of a private placement, 800,000 units at $0.50 per unit to raise $400,000. Each unit consists of one previously unissued share and one non-transferable, two year class B share purchase warrant. One share purchase warrant allows the placee to purchase one previously unissued share of the Company in the first year for $0.50, or one previously unissued share for $0.60 in the second year. The funds will be used to continue to explore and develop the Company's Russell Lake Property (see New Release Series 3, numbers 113, 114, and 116), and for general corporate purposes. The Russell Lake VMS Property is located 90 km (55 miles) west-northwest of Yellowknife, Northwest Territories, Canada. It encompasses a recently discovered Archean volcanogenic massive sulphide ("VMS") copper, zinc and gold deposit, partially exposed as disseminated and massive sulphides within a 200 metre (650 feet) thick by 1,600 metre (5,200 feet) long intermediate to felsic volcanic and chert horizon. Recent results from the Russell Lake Property include a helicopter-home geophysical survey that identified numerous massive sulphide-type of anomalies in the area of the "East Massive Sulphide Zone" and the "Isthmus Gold Zone". An intense magnetic anomaly 1,100 metres (3,550 feet) long, 200 metres (650 feet) wide corresponds to the known geology of the VMS horizon and encompasses all of the exposed massive sulphides. A 400 metre (1,300 feet) wide, 1,400 metre (4,500 feet) long conductive zone is correlative with this zone. One conductor in the vicinity of and on strike with an exposure of more than 50 meters (160 feet) of massive and disseminated pyrrhotite containing visible chalcopyrite (copper) and sphalerite (zinc) is modeled to be more than 60 meters (190 feet) thick. The Company may earn up to a 60% interest in the Property from Fortune Minerals Limited, and intends to continue exploration of the property immediately. TEL: (604) 681-2877 Tyhee Development Corp. FAX: (604) 681-2579 Investor Relations INET : www3.stockgroup.com TDC - TYHEE DEVELOPMENT CORP Exchange: Vancouver Delay: at least 15 minutes Last Price: 0.95 at 14:59 EDT Change: Up 0.35 (+58.33%) High: 0.95 at 14:59 EDT Low: 0.95 Open: 0.95 Previous Close: 0.60 on 10/8 Volume: 5,675 Currency Units: Canadian Dollar Lets us shareholders hope that the hill is bare of a snow cover, and as the small snowball travels downwards that it picks up debris of the liken of gold and silver and other precious metals. It will be allowed in spirit only to collect dirt from the country Mongolia just so long as its clean dirt and not muddied with a nature to slow or halt the progress to the rainbow's end of a promise landing. doug