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TYHEE APPOINTS SRK CONSULTING TO LEAD FEASIBILITY STUDY ON ITS WHOLLY-OWNED YELLOWKNIFE GOLD PROJECT, NWT CANADA.

11.07.2011  |  CNW

VANCOUVER, July 11, 2011 /CNW/ --
TSX Venture: TDC


VANCOUVER, July 11, 2011 /CNW/ - Tyhee Gold Corp. (TSXV: TDC) (the
'Company'), an advanced stage development company, is pleased to
announce the appointment of SRK Consulting as the lead Feasibility
Study consultant on its wholly-owned Yellowknife Gold Project, NWT
Canada.


The Feasibility Study will be managed for Tyhee by Brian Briggs, P.E.,
Vice President of Engineering and Project Manager. SRK will direct the
Feasibility Study from its Denver Office with assistance from other
North American SRK offices.


SRK will be joined in the development of the Feasibility Study by Knight
Piésold Consulting for assistance with geotechnical, environmental, and
engineering design associated with the Tailings Storage Facility and
other water related structures as well as by Lyntek, Inc. who will
provide process design and engineering associated with milling
facilities and infrastructure.


The Feasibility Study is targeted to commence on July 11, 2011, and is
expected to take less than twelve months to complete. Following
completion, and assuming positive results, it is Tyhee Gold Corp's
intention to immediately move ahead with financing and construction of
the Yellowknife Gold Project.  The company's current management team
has significant past experience in all phases of finance and project
construction.  With multiple past projects collectively completed the
management team is confident in a seamless transition to production.


Dr. David Webb, CEO of Tyhee Gold Corp was quoted as follows: 'The
appointment of these internationally recognized consulting firms will
bring a wealth of world-wide experience in mining, geology, processing,
mineral economics and environmental disciplines and is a significant
milestone in the development of the Yellowknife Project.  All three
firms chosen to team with Tyhee management have considerable experience
in Arctic and Sub-Arctic regions and can use their knowledge to assist
Tyhee in developing its projects in ways that are both environmentally
sensitive and maximises shareholder value.'


Tyhee Gold Corp. is actively moving its wholly-owned Yellowknife Gold
Project towards production. A full environmental assessment report was
submitted to the regulatory authorities on May 11, 2011 as part of the
process to permit the construction and operation of a 3,000 tonne per
day mine and mill complex. The EA review process is expected to
conclude concurrently with the Feasibility Study.


Consultant Backgrounds


SRK Consulting is an independent, international consulting practice that
provides focused solutions to mining clients and encompasses
exploration through feasibility, mine planning, production and mine
closure.  Formed in Johannesburg, South Africa, in 1974 as Steffen
Robertson and Kirsten, SRK now employs more than 1000 professionals
internationally in over 40 offices worldwide.


SRK Consulting has extensive experience in designing open pit and
underground mining operations in remote, cold weather locations. SRK
has been involved in over 70 projects in northern Russia, Sweden,
Finland, Canada and Alaska.


Knight Piésold is an international consulting company with offices
around the globe providing engineering and environmental services to
the mining industry over the past 90 years.  Knight Piésold combines
the integrated efforts of over 650 experienced professionals to deliver
high quality specialized services and innovative solutions that respect
social, environmental, and economic responsibilities.


Knight Piésold has extensive experience in siting, design, permitting,
construction support, monitoring, and closure of tailings storage
facilities for a wide variety of climatic and seismic
conditions. Knight Piésold has been involved in the design of tailings
management facilities for over 400 mining projects and has extensive
experience with all types of tailings management systems including
those in Arctic regions.


Lyntek, Inc., based in Lakewood Colorado, offers a full range of
engineering and construction services to the natural resources
industries providing services from process engineering and feasibility
studies through detailed engineering, procurement, construction
management, and plant start-up. Lyntek projects have ranged all over
the globe, and have been developed on all seven continents including
projects in Arctic and sub-Arctic regions. Lyntek specializes in
projects that are challenging either due to complexity, a remote
location, or a compressed development schedule.


Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.


This news release contains 'forward-looking statements' within the
meaning of applicable securities laws, including statements relating to
proposed or anticipated work programs and anticipated timing of permit
applications. Readers are cautioned not to place undue reliance on
forward-looking statements. Actual results and developments may differ
materially from those contemplated by these statements.  Factors which
may lead the company to not proceed with anticipated work programs,
construction or development projects and studies, to delay permit
applications or delay the delivery of the prefeasibility study include
factors such as analysis of the exploration results may lead to a
determination that further exploration or development is not warranted,
additional information requirements necessary to complete permit
applications and the feasibility study may be delayed by weather and
other constraints, insufficient funding, delays as a result of early or
late onset of winter conditions, availability of personnel and
equipment to conduct work programs, permit reviews, information
requests and other factors not within the Company's control.


The factors identified above are not intended to represent a complete
list of the factors that could affect the Company. Although the Company
has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The Company does
not undertake to update forward-looking statements, except where
required by law.  Readers should not place undue reliance on
forward-looking statements.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/11/c4527.html

Tyhee Gold Corp.
David Webb, President and CEO
Tel: 604-681-2877
info@tyhee.com
Envoy Strategic Partners
Jay Bedard
Tel: 416-977-7778
jay@envoystrategicpartners.com

 



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