Tyhee discovers Seven New Gold Zones and Extends the Main, Morel and Cub Zones at the Clan Lake Property, Yellowknife Gold Project, NWT Canada
September 25, 2009 For immediate release
Release: Series 10 Release 11 TSX Venture: TDC
VANCOUVER, British Columbia (September 25, 2009)– Tyhee Development Corp. (TSX Venture, TDC) today announced initial exploration results from Clan Lake Property, Yellowknife Gold Project, NWT, Canada.Exploration crews completed reconnaissance of the entire property, discovering seven new gold zones. These new zones occur across the 2,800 hectare property and range up to showings over 100 metres long. Grab samples exceeding 100 grams of gold per tonne (gpt) (final assays pending) help to identify these new showings as shown on the attached table.
In addition, the seven showings previously identified were mapped and sampled in greater detail, resulting in the three of the zones now being recognized as a single large zone, the Main Zone.
The Main Zone hosts an NI 43-101 resource of 254,000 ounces of indicated gold and has been substantially increased in area. The Main Zone now includes the previously described Pond and Cranberry Zones, making it four times larger, extending for 1,300 metres in strike length and up to 220 m in width in an arcuate northwest to east southeast domain. Archival diamond drillholes west and east of the Main Zone have been sampled and assays are pending. Over 200 metres of trenches have been blasted and sampling over a 450 m length of the eastern extension of the Main Zone is completed exposing extensive domains of quartz veining with significant pyrrhotite, pyrite and galena. Assays are pending.
The Cub Zone, which was identified last year and returned some exceptionally high grade grab samples has been resampled and has been extended 300 m to the southeast. A total of 13 samples were collected from the original discovery area. Two of these were in excess of 100 gpt gold (final assays pending) and four others were greater than 10 gpt gold (see attached table).
The Morel Zone has been extended along strike to the northwest and is now 800 m long and up to 70 m wide.
Dave Webb, President and CEO reports “We are very pleased to continue to expand the potential of the Clan Lake Property. The expansion of the area of the Main Zone by 400% provides new drill opportunities and lots of room for resource expansion. As well, the new showings are encouraging as it greatly expands the area where economically significant gold values have been found. We are now planning a drill program to commence this winter to test the expanded zones where resources have already been established and to define the third dimension on some of the new zones.”
Elsewhere on the Yellowknife Gold Project, work on the Preliminary Feasibility Study (PFS) continues. Drilling at Nicholas Lake is complete, and crews and equipment have moved to Ormsby for further work. Metallurgical samples are being collected for processing and environmental studies while hydrology and power studies are ongoing.
Permitting work is being conducted in conjunction with the above mentioned PFS.
View full press release Tyhee discovers Seven New Gold Zones and Extends the Main, Morel and Cub Zones at the Clan Lake Property, Yellowknife Gold Project, NWT Canada