Stock: Tyhee Development Corp - now - Tyhee Gold Corp

CVE:TDC

Tyhee Development

Tyhee Gold Corp. is a publicly traded company which explores and develops mineral properties. They have a team of people who have experience building previous mines and have ambitions to build the Yellowknife mine to production on an ore body and resource that they have identified, developed and proved themselves. 

In 2001 Tyhee purchased two properties with a 500,000 ounce resource of gold and have spent the last 10 years increasing that to 1.95 million ounces measured and indicated. 

Their aim is now to prove feasibility of the mine, finance the operation and go into production. The main upside comes from the potential for further mineralisation at depth and along strike aswell as other deposits as expanded below.

The justification for further mineralisation comes by modeling the Ormsby and Nicholas Lake deposits against the similar Con and Discovery mines located in the same area, the potential for growth can be seen as explained by Webb.

David Webb, President & CEO and Director, who has 30 years experience in gold exploration and mine development and is an expert on the Yellowknife area, has a method of not only looking for gold in the quartz rock. Significant mineralisation has been found in wall rock of the quartz formations in this area also.

A Recent report showed some good drill results including a -18.23 gpt gold and 83.00 gpt silver over 1.0 m, although the -1.74 grams of gold per tonne (gpt) and 4.30 gpt silver over 32.0 m, is of more interest to me.

Projects

Yellowknife

The Yellowknife project in Canada is located in the South Mackenzie Mining District of the Northwest Territories it covers over12 thousand hectares. It contains the Ormsby, Nicholas Lake, Bruce, Clan and Goodwin Vad Zones.

A recent Pre Feasibility Study showed a resource of over 800,000 ounces Au for the Ormsby, Nicholas Lake Main and Clan Lake Main Zones combined. Clan Lake Main and Goodwin Lake Vad Zones remain open at strike and all zones remain open at depth. Clan Lake also has a number of other zones of interest.

An average operating cost of $541 per ounce of gold on production of 108,000 ounces per year was calculated, showing payback of the initial capital cost is 5 years on a very conservative gold price of $950.

Big Sky

The BigSky Property is located 17 km north of Yellowknife, Northwest Territories, Canada covers two different geological targets, a bulk mineable peralkaline granite-hosted low-grade target, and a high-grade shear zone-host. The property is made up from five mining leases covering 137 hectares and 20 claims totaling 1,850 hectares, which adjoin the Giant Yellowknife Mine (past producer of 8 million ounces of gold from 14.5 million tonnes of ore grading 17 gpt) and the Bluefish hydroelectric power plant.

The high-grade shear zone-host has been the focus of much recent work.

Tyhee are a good way along the process to building the Yellowknife mine, are located in a mining friendly area and have access to parts, machinery and labour. They are fully funded and we are currently awaiting news on BigSky....but not immanently....you do the rest.

Stock: Alto Ventures

CVE:ATV
http://www.altoventures.com/

Alto Ventures is a gold explorations company currently exploring in Ontaria, Quebec and recently British Columbia. The model of operation is to aquire properties 100%, add value with drilling the option parts of the project off to finance the development.

Projects

Coldstream (Ontaria)

The Coldstream project is located in the Burchell Lake Area and has good access. It covers 5,394 hectares and is 100% owned by Alto Ventures, although the Company have signed a Purchase Option Agreement with Foundation Resources. This agreement means Foundation Resources can earn a 60% interest by spending $3 million over four years developing the asset and issuing 1 million shares of Foundation Resources to Alto Ventures. Foundation Resources can earn an additional 10% by funding the completion of a Feasibility Study.

Gold has been discovered along a 10km corridor with drilling results including 27.28m at 4.88 g/t gold. A
Historical (not 43-101 compliant) resource of 5.1 million tonnes at 1.4g/t of gold is given for the east of the Coldstream deposit. The Deposit is open along its length and at depth and drilling has shown consistency with Iron-Oxide-Copper-Gold (IOCG) type deposits seen on the property.

Other gold zones have been found near the south west of the property including 0.95 g/t gold across 34 meters. One of these zones, the Sanders Zone, has shown results of, 35.65 metre-wide zone averaging 2.1 g/t gold including 4.42 g/t gold over 9.00 m and 4.72 g/t gold over 4.5m and 27.35 metre-wide zone averaging 1.06 g/t gold including 9.23 g/t gold over 2.2 m.

Destiny (Quebec)

The Destiny Project is again owned 100% by Alto Ventures Ltd purchased from Cameco Gold, although again the Company have signed an agreement with Pacific Northwest Capital, where by Pacific Northwest Capital will pay Alto Ventures $200,000, 250,000 common shares of Pacific Northwest Capital, and complete a total of $3,500,000 in exploration expenditures over a four year period to earn a 60% interest in the Destiny Gold property. Subsequent to vesting of its interest, Pacific Northwest Capital will form a joint venture with Alto Ventures to further develop the project.

The DAC deposit within this project is made up of narrow high grade gold-bearing quartz veins within five alteration zones. These zones carry gold at lower grades than the quartz veins but are significantly wider. The structure is though to be similar geologically to the mines surrounding the Cadillac Fault, a geological feature that has released over 100million oz of gold in its history. A recent 43-101 Report that includes a Mineral Resource Estimate for the DAC deposit shows an indicated resource of 364,000 ounces at an average grade of 1.05 g/t gold, and an inferred resource of 247,000 ounces at an average grade of 0.92 g/t gold.

Alcudia (Quebec)

The Alcudia project covers 320 hectares and is again owend 100% by Alto Ventures Ltd. This project is currently on hold.

Chilko (British Columbia)

The Chilko project covers 8,207 hectares and is again owend 100% by Alto Ventures Ltd. This property is located within a very good neighbourhood of operating mines and is host to gold-copper porphyry deposits. Currently in waiting for results of a summer drill program on this project.

Beardmore-Geraldton Gold Belt (Ontario)

The Beardmore-Geraldton Gold Belt is host to a number of projects for Alto Ventures who started aquiring in land there in 2006.

Cote-Archie Lake - Is a property with 860,00 oz of past production and is optioned to Kodiak Exploration Ltd who can earn upto 51% by spending $1 million over 3 years

Three Towers - Is 100% owned by Alto Ventures covers some 1,056 hectares and has returned about 15g/t gold from sampling

Mud Lake - Is 100% owned by Alto Ventures and covers 2,592 hectares and has returned about 8g/t - 50p/t gold from trenching and grab sampling.

Miner Lake - This project has got Alto Ventures excited.  Is 100% owned by Alto Ventures and includes 42 claims covering 672 hectares. Grab sampling has revealed 25 p/t gold. It is a breccia style deposit within an intrusive and is very consistant across length.


There major work next is on the Coldstream property with a February drilling programm planned and then moving to the minor lake project in March. The company are very excited about Minor lake and I can't wait to see the results.

As ever DYOR.

Stock: Premium Exploration

TSX:PEM

http://www.premiumexploration.com/

Premium Exploration is focused primarily on gold exploration at its land package in Central Idaho. Named the Orogrande Shear Zone it has a big mining history with multiple known gold mineralisation zones detailed below.

Friday-Petsite
This zone has a historic 43-101 compliant inferred gold resource of 549,000 oz is already in the bag and the drills are turning to bring you more of the same. The aim of this next drilling is to approach the 1million gold oz mark.

Buffalos Gulch
This zone has a historic resource of 100,000 oz again 43-101 compliant. Work to create an open pit operation retrieving 25,000-35,000 oz of gold a year has been talked about publicly, but we will have to wait for confirmation on that one.

The land between Friday-Petsite and Buffalos Gulchhas been snapped up by Premium Exploration with an additional 110 claims being staked with the aim of creating mainly open pits. Some drill results would disagree however showing 21.3m averaging 9.9 g/ton gold mineralization and 1.5m of 67.89 g/ton. 

The historic drill results from past exploration of Orogrande Shear Zone have shown a high-grade gold zone that runs along the Orogrande Shear Zone. Along the northern extension, geophysical and geochemical surveys taken indicate the possibility that this  high-grade gold zone may extend along the entire length of the Orogrande Shear Zone.

The purpose of the next phase of drilling is being carried out with the express aim of validating the above geological interpretations. To check that Premium Exploration are hard at work to achieve this goal you just have to look at the recent news!: 

February 8, 2011 

Premium Exploration Drills Third Discovery at Idaho Gold Project: 2.1 g/t Gold Over 20.1 Meters...

January 31, 2011
Premium Exploration Drills 1.5 g/t gold over 134 Meters including 2.5 g/t gold over 47.3 Meters; Resource Remains Open in All Directions and Phase-Four Exploration Update...

January 19, 2011
Premium Exploration Drills 7.0 g/t Gold over 34.4 Meters within 1.5 g/t Gold over 330.4 Meters Continuing Resource Expansion & 100% Drill Success at Friday-Petsite Project...

Overall this is a great company with prospect only just starting to be digested. Along with the above projects Premium Exploration also has some interesting platinum group prospect in Mexico and America. As ever DYOR.