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

To: Dave R. Webb who wrote (3920)	11/22/1999 7:48:00 PM
From: d:oug	Read Replies (1) \| Respond to of 4066

Thanks Dave, and I include a snapshot here for a quick summary. stockhouse.com Tyhee Development Corp. (TDC:VSE) Incentive Stock Options - 11/18/99 Private Placement Non Brokered - 11/18/99 Shares for Debt Settlement - 11/19/99 Close of Private Placement - 11/22/99 Significant Gold Results at Russell Lake VMS Property - 11/22/99 ------------------------------------------------------------ Tyhee Development Corp. 11/18/99 - Incentive Stock Options Incentive Stock Options The Vancouver Stock Exchange has accepted for filing, Incentive Stock Options from the following Companies:............ ------------------------------------------------------------ Tyhee Development Corp. 11/18/99 - Private Placement Non Brokered TYHEE DEVELOPMENT CORP. ("TDC") - Private Placement-Non-Brokered The Vancouver Stock Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 4, 1999:............ ------------------------------------------------------------ Tyhee Development Corp. 11/19/99 - Shares for Debt Settlement TYHEE DEVELOPMENT CORP. ("TDC-V;TYHJF-L") - Shares for Debt Settlement Tyhee Development Corp. (the "Company") announces that certain creditors have agreed to accept shares in the Company in satisfaction of the Company's indebtedness to them. The Company has, subject to VSE approval...... ------------------------------------------------------------ Tyhee Development Corp. 11/22/99 - Close of Private Placement TYHEE DEVELOPMENT CORP ("TDC-V;TYHJF-L") - Close of Private Placement Tyhee Development Corp. (the "Company") is pleased to announce that it has completed a non-brokered private placement prviously announced on October 4, 1999. The placement consists of.... ------------------------------------------------------------ Tyhee Development Corp. 11/22/99 - Significant Gold Results at Russell Lake VMS Property TYHEE DEVELOPMENT CORP. (" TDC-V;TYHJF-L") FORTUNE MINERALS LIMITED ("FT-T") - Significant Gold Results at Russell Lake VMS Property Dr. D.R. Webb, President of Tyhee Development Corp. and Fortune Minerals Limited (the "Companies"), report that initial results from four diamond drillholes completed on the Russell Lake Property (the "Property") have been received and confirm the presence of a significant gold-rich volcanogenic massive sulphide ("VMS") deposit on the Property. The drillholes tested a portion of the Robin Lake Deposit, an Archean VMS deposit that occurs within a 1,600 meters (5,200 feet) long and 200 metres (650 feet) thick intermediate to felsic volcanic and chert horizon. One drillhole tested beneath the IG Zone, a portion of the Robin Lake Deposit that can be traced for 400 meters along strike north of Hammer Lake and has previously returned significant gold concentrations (TDC News Release 3-113, July 12, 1999). The IG Zone attains a maximum thickness on surface of 40 meters. Results include intercepts of 21.7 meters (71 feet) of massive and semi-massive sulphide including pyrrhotite, pyrite, and arsenopyrite, with minor chalcopyrite and sphalerite. Analyses include 19.2 meters (63 feet) of 1.1 gpt (0.032 opt) gold including 4.6 meters (15.0 feet) of 2.1 gpt (0.061 opt) gold and 1.5 meters (5.0 feet) of 5.1 gpt (0.149 opt) gold. Low base metal values, up to a maximum of 0.05% copper over 1.3 meters (4.3 feet) were obtained. IG ZONE ....... Three drillholes tested the EMS Zone of the Robin Deposit south of Hammer Lake, all of which intersected massive and semi-massive sulphides (pyrrhotite with minor pyrite, chalcopyrite and sphalerite) over core lengths of 5.3 to 17.4 meters (17 to 57 feet). Significant gold mineralization was identified in.......... The Property is located 90km west-northwest of Yellowknife, Northwest Territories, Canada. It is 60km north of Highway 3 and 5km north of the high voltage power line between the Snare hydroelectric complex and Yellowknife. Tyhee can earn a 51% interest in the Project by spending $400,000 prior to May, 2003, and may either form a joint venture with Fortune after vesting, or may increase its interest to 60% by incurring an additional $400,000 by May of 2006. There is an underlying 1% NSR on the Property, half of which can be purchased for a one-time payment of $500,000 subject to certain conditions. The Companies are very encouraged by these results which confirm a very large VMS system with enrichments of copper and zinc, and higher than average gold concentrations. Tyhee anticipates commencing a second phase drill program as soon as conditions permit. The purpose of the second phase drill program will be: 1. to assess the extent of the IG Zone in all directions, 2. to determine if any additional concentrations of copper, zinc, or gold exist elsewhere within the Robin Lake Deposit, and 3. to test additional geophysical targets outside of the Robin Lake Deposit for other massive sulphide concentrations. Results will be made available as they are received and verified by the Companies. TEL: (604) 681-2877 Investor Relations FAX: (604) 681-2879 INET: e.stockgroup.com Copyright 99 StockHouse.com,All Rights Reserved.