TYHEE GOLD CORP

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Message: Recent Clan Lake intercepts are "economically significant"-Dave Webb

Tyhee is currently undertaking a 3,000-metre drill campaign at Clan Lake. “It’s all development drilling,” Webb reports. “We’re stepping out in 50-metre increments on our existing resource, and in some places we have gaps, and we’re drilling in between established resources. We have 350,000 ounces of measured and indicated gold on the Clan Lake Main Zone. It’s open in all directions, so we’ve been stepping out to the southeast, and we’ve expanded it or showed the mineralization continues for another 500 metres. Now we’re tightening the drilling up in that 500-metre stretch to bring it into a resource category.”

October 20 results of the Clan Lake Main Zone include

  • 0.43 grams per tonne gold over 39.5 metres
  • 0.48 g/t over 35 metres
  • 1.49 g/t over 13 metres
  • 1.01 g/t over 1.3 metres
  • 14.06 g/t over 1 metre
  • 1.03 g/t over 0.5 metres
  • 3.05 g/t over 2 metres

Webb comments, “I think that it’s quite good that in shallow holes we’re getting long intercepts of low to marginal grade but still economically-recoverable gold values. In the long step-outs—the farthest east that we’ve ever drilled—we’re still getting one-and-a-half grams of gold per tonne over 13 metres. Some economically significant intercepts.” He notes that results from another 15 holes are pending and should be released over the next four to eight weeks

http://agoracom.com/ir/Tyhee/forums/discussion/topics/504917-discovery-rediscovered/messages/1606692#message

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