Tyhee Gold Corp fka TDC

[sumisu]

June 11 - Tyhee acquires Oro Lake mining leases extending BigSky Property, Yellowknife, NWT, Canada

http://biz.yahoo.com/cnw/080611/tyhee_acquires_leases.html?.v=1

TSX Venture: TDC

VANCOUVER, June 11 /CNW/ - Tyhee Development Corp. (TSX Venture, TDC) (the "Company") has purchased a 100% interest in 5 mining leases (Oro Lake Property) covering 338 acres adjacent to its BigSky Property, from Norwest Explorers Ltd, an arms-length company.

"The opportunity to purchase the property adjoining BigSky was too good to pass up", said Tyhee's President and CEO, David Webb. "We will fully investigate Oro Lake's potential in conjunction with the work being carried out on the BigSky property. We continue to add to our position as the dominant property holder in the Yellowknife gold camp".

Tyhee paid Norwest Explorers Ltd (Norwest) $20,000 as a one time payment for a 100% interest in the leases. Tyhee will return the mining leases to Norwest if Tyhee:


a) no longer wishes to retain the mining leases or

b) fails to expend $100,000 on the leases within 5 years of the date of the agreement for the purchase of the leases.

Oro Lake Property

The Oro Lake Property was worked in the 1930's and 1940's, and drilled by Lynx Yellowknife Gold Mines in 1944, resulting in the discovery of a gold-bearing shear zone transecting Kam Group volcanic rocks. Narrow high-grade gold mineralization has been defined in several places along the shear zone from historic work including drillholes which returned values including 208.1 grams per tonne (gpt) gold over 0.6 metres (m) in ddh 19, 27.75 gpt gold over 1.8 m in ddh 23, and 9.92 gpt over 0.8 m in ddh 52 (Mason, J.D., 1975: Lynx Yellowknife Gold Mines., Oro Lake Area, NWT). These are historic assay results and cannot be verified. They are reported because the Company believes they are reliable, and identify a potential exploration target to guide additional work.

The mineralized structure extends onto Tyhee's BigSky Property, and is located 6.5 km south of our southern-most drillholes in our current drill program. Tyhee intends to confirm the nature of and to extend the previous work completed on the Oro Lake Property.

Current Activities

Tyhee is currently operating two of the three drills on its properties, with operations at Nicholas Lake and Clan Lake. Mineralization at Nicholas Lake is open to the east at depth, and the current drill program is designed to test for extensions or close the mineralization off in this direction. The Clan Lake drill program is designed to test for extensions of the Main Zone, along strike and to depth.

The third drill is on stand-by pending results from the current holes. Additional holes are planned for the Goodwin Lake Property utilizing the Nicholas Lake drill rig and crews.

Surface programs are underway with geological crews prospecting on BigSky. Crews will move to Clan and Goodwin Lakes later this summer. The surface program will in part be guided by a 2,400 line km airborne geophysical survey to be flown in June, 2008.

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. The Company is completing a Preliminary Assessment on the Yellowknife Gold Project with the results anticipated to be received by the end of June 2008. Three additional gold properties have been acquired within the Yellowknife Gold Belt and further acquisitions are being considered. Exploration on these properties is focused on three different deposit types, including large-tonnage breccia-hosted (Ormsby-style), large tonnage granite-hosted, and high-grade shear zone-hosted (Con/Giant-style) gold deposits.

Dr. D.R. Webb, 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: [phone], toll free 1-866-681-2877, [e-mail]

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Source: Tyhee Development Corp.