Tyhee and Det'on Cho Corporation Sign Memorandum of Understanding to Advance Yellowknife Gold Project
10 1월 2014 - 10:15PM
Marketwired
Tyhee and Det'on Cho Corporation Sign Memorandum of Understanding
to Advance Yellowknife Gold Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 10, 2014) -
Tyhee Gold Corp. (TSX-VENTURE:TDC) is pleased to announce that
Tyhee NWT Corp (a wholly owned subsidiary of Tyhee Gold Corp) has
signed a non-binding Memorandum of Understanding (MOU) with Det'on
Cho Corporation (DCC), a wholly-owned business of the Yellowknives
Dene First Nation (YKDFN). The MOU sets out the joint understanding
and intention of how the Parties will work together to advance
Tyhee's Yellowknife Gold Project (YGP). The YGP falls within Chief
Drygeese Territory in the Northwest Territories (NWT), the
territory of the Yellowknives Dene.
"This is another important milestone for the advancement of the
Yellowknife Gold Project," said Hugh R. Wilson, Tyhee's V.P.
Environment and Community Affairs. "It sets out the initial
framework for discussions with Det'on Cho Development Corporation
and the Yellowknives Dene First Nation, and is aimed at ensuring
that all parties can share the opportunities and benefits generated
by this development."
The MOU is intended to encourage the realization of business and
employment opportunities for the DCC and YKDFN members through a
competitive bidding process, provided that they can perform the
work at a competitive price and to the standards required by
Tyhee.
According to DCC President and CEO, Roy Erasmus Jr., the MOU is
an important first step in building a successful business
relationship.
"The MOU is a great starting point. It's an opportunity to
create opportunities for the Yellowknives Dene but it's also a way
for Tyhee to benefit from Det'on Cho's expertise, as well."
This MOU is in line with Tyhee's Social Responsibility
Statement:
"From initial planning to project completion, Tyhee is fully
committed to conducting business in a manner that is beneficial to
society in general and, in particular, addresses the very important
considerations of the indigenous people within whose area the
Company operates."
FORWARD-LOOKING STATEMENTS: 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.
All statements in this news release that address events or
developments that the Company expects to occur, other than
statements of historical facts, is "forward-looking information."
Forward-looking information is necessarily based on estimates and
assumptions that are inherently subject to known and unknown risks,
uncertainties and other factors that may cause the Company's actual
results, performance or achievements to be materially different
from those expressed or implied by such forward-looking statements.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "expects", "believes",
"anticipates", "budget", "scheduled", "estimates", "forecasts",
"intends", "plans" and variations of such words and phrases, or by
statements that certain actions, events or results "may", "will",
"could", "would" or "might", "be taken", "occur" or "be achieved".
Factors that could cause future events to differ from those
anticipated in forward looking statements include: the Company's
inability to complete a Definitive Agreement with the other parties
involved. In addition to the above, the factors described or
referred to under the headings "Financial Risks and Uncertainties"
and "Operational Risks and Uncertainties" in Tyhee's Management
Discussion and Analysis for the year ended November 30, 2012, which
is available on the SEDAR website at ww.sedar.com, should be
reviewed in conjunction with the information found in this news
release.
Although Tyhee has attempted to identify important factors that
could cause actual results, performance or achievements to differ
materially from those contained in forward-looking information,
there can be other factors that cause results, performance or
achievements not to be as anticipated, estimated or intended. There
can be no assurance that such information will prove to be accurate
or that management's expectations or estimates of future
developments, circumstances or results will materialize. As a
result of these risks and uncertainties, any proposed transaction
could be modified, restricted or not completed, and the results or
events predicted in these forward looking statements may differ
materially from actual results or events. Accordingly, readers
should not place undue reliance on forward-looking information.
The forward-looking information in this news release is made as
of the date of this news release, and Tyhee disclaims any intention
or obligation to update or revise such information, except as
required by applicable law.
Tyhee Gold Corp.Greg TaylorGT Investor Relations Inc.O: 905
337-7673C: 416 605-5120gtaylor@tyhee.comTyhee Gold Corp.Brian
BriggsPresident604 681-2877info@tyhee.comDet'on ChoRoy Erasmus
Jr.President and CEO867 873-6533rerasmus@detoncho.com
Tyhee Gold Corp. (TSXV:TDC)
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Tyhee Gold Corp. (TSXV:TDC)
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