- Business
- Tyhee Gold Corp. engages in the exploration and development of mineral properties focused on gold resources in Canada. The company holds interests in the Yellowknife Gold Project, comprising approximately 27,676 acres of mineral claims and leases with five known deposits—Nicholas Lake, Ormsby, Bruce, Goodwin Lake, and Clan Lake—located 50 to 90 kilometers north of Yellowknife in the Northwest Territories; and the adjacent Big Sky exploration property, also north of Yellowknife. These assets include historical underground development, extensive drilling data totaling over 231,000 meters, and a winterized exploration camp with airstrip access via winter road or air.
Founded in 1993 and headquartered at 675 West Hastings Street, Suite 401, Vancouver, British Columbia, Canada, Tyhee Gold operates solely in the precious metals segment targeting gold deposits within the Yellowknife Greenstone Belt, a prolific area with over 15 million ounces of historical production from nearby mines including the Discovery Mine on its land package, which yielded 1 million ounces at 28 g/t gold from 1950 to 1969.
In 2017, RMB Australia Holdings, as receiver under Tyhee's subsidiary Tyhee N.W.T. Corp.'s bankruptcy proceedings, sold the Yellowknife Gold Project and Big Sky Property to GoldMining Inc. in exchange for 4 million shares, subjecting the assets to net smelter return royalties of 2.25% on Ormsby-Nicholas Lake and 2% on Goodwin Lake; no significant operational, funding, acquisition, or strategic developments have been reported for Tyhee Gold Corp. since that divestiture.