Attention Business Editors:
Tyhee intersects broad zones of gold mineralization, including 21.5 m grading 10.39 gpt gold and 78.8 m grading 1.94 gpt gold at Clan Lake, Yellowknife, NWT, Canada
TSX Venture: TDC
VANCOUVER, May 13 /CNW/ - Tyhee Development Corp. (TSX Venture, TDC) (the
"Company") today announced preliminary results from the initial seven
drillholes on its wholly-owned Clan Lake Property. Drilling tested a 100 metre
long portion of a gold bearing zone. Another 12 drillholes have assays
pending.
"We are very pleased to have confirmed a gold-bearing zone over such a
broad area that remains open on strike." said Dr. D.R. Webb, President & CEO
of Tyhee. "Significant intersections include CL100, which returned 78.8 metres
(m) grading 1.94 grams per tonne (gpt) gold including 33.0 metres grading 4.29
gpt gold. CL103 intersected 21.5 metres grading 10.39 gpt gold, and CL104
intersected 11.9 metres grading 15.58 gpt gold and 32.7 metres grading 1.15
gpt gold further down hole."
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Results from current diamond drill program on Clan Lake Property
DDH From To Thickness Gold Grade
(metres) (metres) (metres) (gpt)
CL100 2.2 81.0 78.8 1.94
incl 24.5 57.5 33.0 4.29
incl 24.5 38.5 14.0 (note 1) 9.82
CL101 3.0 33.0 30.0 1.13
incl 14.5 26.0 11.5 2.30
AND 68.6 130.0 61.4 3.25
incl 69.6 77.0 7.4 3.10
incl 81.5 83.0 1.5 3.26
incl 89.0 90.0 1.0 (note 1) 142.04
incl 98.0 100.2 2.2 3.01
incl 119.6 126.1 6.5 1.75
CL102 48.0 91.0 43.0 0.98
incl 48.0 50.0 2.0 8.01
incl 58.0 59.8 1.8 3.19
incl 82.5 91.0 8.5 1.26
CL103 11.5 33.0 21.5 10.39
incl 11.5 12.5 1.0 168.85
incl 18.5 27.3 8.8 5.25
AND 63.3 78.5 15.3 2.33
incl 76.0 78.5 2.5 6.66
CL104 33.5 45.4 11.9 15.58
incl 33.5 42.1 8.7 21.38
incl 38.8 42.1 3.3 30.41
AND 80.4 113.0 32.7 1.15
incl 80.4 83.5 3.2 4.26
incl 110.9 113.0 2.1 4.36
AND 144.0 152.5 8.5 0.62
CL106 44.0 52.0 8.0 1.35
AND 97.4 102.5 5.1 1.56
incl 99.8 102.5 2.8 2.06
incl 178.5 179.5 1.0 1.61
CL109 76.0 82.0 6.0 0.99
218.0 219.0 1.0 2.61
True width cannot be estimated. Drillholes are perpendicular to the
gold-bearing zone, but a suite of quartz veins that commonly contains
visible gold was intersected at shallower angles within the broader gold
zone.
Note 1: Significant visible gold was noted in a 4 cm segment of quartz
which was omitted from assay. Assays are uncut.
>>
"The Clan Lake Property is 32 km south of Tyhee's Ormsby Zone (19 km
south of the Goodwin Lake Zone) and 27 km north of the Bluefish hydroelectric
complex." The principal gold-bearing zone on the property has been traced on
surface for approximately 300 m (open). Drilling has intersected
mineralization to a depth of 150 m below surface, (open). The broad zones of
nearly 80 metres in CL100, and in aggregate 91.4 metres in CL101 are very
encouraging and have positive implications towards the size of the deposit."
said Webb.
"Two of the narrow high-grade zones are exceptionally rich and have been
omitted from the sample stream. Although very high-grade, the volume of these
samples would not materially affect our resource estimations, and would
normally be cut to 100 gpt or less when resource estimates are completed. As
such, they were omitted from being assayed. Photos of the two samples can be
found on the Tyhee website (http://www.tyhee.com/photographs/photos.php).
The generally north to northwest trending mineralized zone is
predominantly a light grey to tan coloured fine-grained foliated intermediate
tuff. Alteration consists of pervasive and patchy silicification,
sericitization and locally carbonatization with patchy pyrrhotite, and
fracture-related pyrite and arsenopyrite. Numerous quartz veins, generally
less than 20 cm width transect these rocks.
Diamond drilling is continuing with two drills currently active on the
Ormsby Zone during break-up. Drilling will commence after break-up on BigSky,
Clan Lake, Goodwin Lake and at Nicholas Lake as the three drills on our
properties become available.
To view a map of the Clan Lake Drill Program please visit:
http://files.newswire.ca/550/0805_Clana_Map.pdf
About Tyhee Development Corp.
Tyhee Development Corp. is a gold exploration and development company
currently focused on the historic Yellowknife Gold Camp, NWT, Canada. It is
the largest property holder in the historic camp, and has the largest
exploration and development program underway in the region. Its principal
asset is the advanced-stage Yellowknife Gold Project, which consists of 6,625
hectares (15,481 acres) of mining leases located 90 km (56 miles) north of
Yellowknife, NWT, Canada. Three additional gold properties have been acquired
within the Yellowknife Gold Belt and further acquisitions are being
considered.
Tyhee completed fire assays on drill core samples using 30 gram aliquots
with ICP-ES finish for gold analyses, prepared at Acme Analytical Laboratories
Ltd. in Yellowknife, and finished at Acme Analytical Laboratories Ltd in
Vancouver. A semi-quantitative multi-element analysis is run on 0.5 gm aliquot
samples leached in a hot aqua regia solution and measured using ICP-ES
techniques. Samples grading greater than 10 gpt gold are fire assayed on 30
gram samples and measured using ICP-ES techniques. Tyhee conducts a rigorous
QA/QC program of inserting blanks and duplicates in the field and standards in
the laboratory. The laboratory also conducted their own independent QA/QC
program including inserting their own standards and rerunning samples from
pulped material and reject material. These results were provided to Tyhee. All
standards, duplicates, blanks and check assays returned acceptable results.
Mr. V. Pratico, P.Geol., the designated QP within the meaning of NI 43-101,
has reviewed this release and approves of its content.
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS
RELEASE. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
Tyhee's shares trade on the TSX Venture Exchange under the symbol "TDC".
For additional information, please visit the Company's website, www.tyhee.com.
For further information: Tyhee Development Corp., David Webb, President
and CEO, Tel: (604) 681-2877, toll free 1-866-681-2877, info@tyhee.com
