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Tyhee Obtains High Grade Gold On Strike With The Main Zone At Clan Lake, Yellowknife Gold Project, NWT Canada
Tyhee Obtains High Grade Gold On Strike With The Main Zone At Clan Lake, Yellowknife Gold Project...
About this update from South Star Battery Metals Corp
[{"type":"text","content":"\n\n\n\nOct. 27, 2009 (Canada NewsWire Group) -- VANCOUVER, Oct. 27 /CNW/ -- Tyhee Development Corp. (TSX Venture, TDC) today announced trench results from the summer program at its Clan Lake Property, Yellowknife Gold Project, NWT, Canada.Gold assays from trenching at Clan Lake have returned positive results including 13.12 gpt gold across 10.0m (including 48.88 gpt across 2m) and 0.99 gpt gold across 45.0m. The trenches were blasted into extensions of the Main Structure and reached out 200 to 660 metres east of the existing 254,000 ounce gold resource (NR S.10 R.2 January 22, 2009) calculated on the Clan Zone.\"The confirmation of large areas of gold enrichment together with significant segments of higher grade gold mineralization is very good news\" reports Dr. D.R. Webb, President & CEO of Tyhee Development Corp. \"The trench results demonstrate good grades over good widths at significant step-outs along strike from our existing resource; provide better definition of areas to be drilled in Tyhee's program to commence after freeze-up this year, and will guide further work through 2010 and beyond.\" Webb adds that \"The Main Zone is the best defined zone but is only one of the seven zones at Clan Lake. In addition, earlier this month we reported new drillhole results which are being incorporated into our resource database to facilitate a revised resource calculation on the Main Zone before the end of this year.\"Elsewhere on our Yellowknife Gold Project, field work on the Preliminary Feasibility Study (PFS), being conducted on the Ormsby and Nicholas Lake Zones has been completed for 2009. Metallurgical samples have been shipped for processing and environmental studies.Permitting work is being conducted in conjunction with the above mentioned PFS.Tyhee Development Corp. is a gold exploration and development company focused on the historic Yellowknife Gold Camp, NWT, Canada. It is the largest property holder in this historic camp and has the largest exploration and development program underway in the region. Its principal asset is the Yellowknife Gold Project that includes the Nicholas Lake and Ormsby Gold Zones, the Goodwin Lake Property (13 km south of the Ormsby Zone), and the Clan Lake Property (27 km south of the Ormsby Zone). All are located on mineral claims and mining leases 70 to 90 km north of Yellowknife, NWT. (Note:...