The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
TDC: TSX-V
President and CEO: David Webb
Chief Financial Officer: Lorne B. Anderson
Executive Vice President: Roger G. Sylvestre
Tyhee Development Corp., a 16-year-old gold exploration and development company, is focused on becoming a leading exploration and development company in search of world-class deposits in countries that possess favorable investment climates.
To accomplish this, Tyhee says it aims to use leading exploration technologies and continue to apply a sense of corporate, social and environmental consciousness in reaching its objectives.
The junior is currently focused on the historic Yellowknife Gold Camp in Northwest Territories.
It is the largest property holder in this historic camp and has the largest exploration and development program under way in the region.
Its primary asset is the Yellowknife Gold Project, which includes the Nicholas Lake and Ormsby
Gold Zones, the Goodwin Lake Property, located 13 kilometers, or 8 miles, south of the Ormsby Zone, and the Clan Lake Property, located 27 kilometers, or 17 miles, south of the Ormsby Zone, all about 70-90 kilometers, or 43-56 miles, north of Yellowknife.
Tyhee is continuing to focus on advancing engineering and permitting of the project.
The company's targeted exploration recently focused on a low-cost assessment of its library of diamond drill core, including re-logging and sampling of core from holes drilled in the 1990s.
An NI 43-101-compliant preliminary assessment that encompasses only the Ormsby, Nicholas and Bruce Lake zones, used then-current measured and indicated resource estimates of 11.2 million metric tons grading 3.52 grams per metric ton gold, containing 1.27 million ounces of gold, plus a 3.6 Mt inferred resource grading 3.21 g/t gold, containing 374,000 ounces gold.
Tyhee envisions developing a 3,000 tpd mining operation.
It is currently pursuing permitting and intends to raise funds for further exploration work on Clan Lake.
Cash and short-term deposits: C$1,627,740 (at May 31, 2009)
Working capital: C$1,757,733 (as of May 31, 2009, plus C$2.5 million raised July 15, 2009, in private placement)
Market capitalization: C$22.63 million
Suite 401, 675 W. Hastings St.
Vancouver, B.C. V6B 1N2
Tel: 604-681-2877 Fax: 604-681-2879
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