COBALT SOUTH
Archived



Key Facts
Status: Unknown
Type of Work: Surface
Location: Ontario, Canada
                 0 km of Larder Lake

Commodities: Diamond
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Latest Information
September 3, 2002
Tyhee Development's reconnaissance sampling at the Cobalt property near Cameron Bay, Northwest Territories, has identified additional iron oxide-hosted copper gold (IOCG) mineralization. The focus was on a 14 km long, 4 km wide zone of altered and mineralized rocks that hosts the previously reported K2 zone. Two additional zones are now recognized within this zone. The 6118 Zone is an intense 1,200 m wide by 3,400 m long aeromagnetic anomaly that was tested by six samples across a 70 m cliff face that had significant copper staining within magnetite-matrixed andesite breccias. One grab sample assayed 0.56% copper, 2.9 g/t silver and 0.21 g/t gold. The 4020 Zone is a second zone identified 3,500 m northwest of the 6118 zone (above) that consists of a series of narrow fractures and disseminations over an area of 70 m by 40 m, within massive to brecciated andesites, on the east shore of a 350 m long lake.
May 23, 2002
Tyhee Development can acquire a 100% interest in six mineral claims known as the Contact Lake group, totalling approximately 4,325 acres adjacent to its Cobalt property in the Northwest Territories. The property encompasses the past producing Contact Lake mine and hosts several occurrences of copper, uranium, silver and gold within iron oxide breccias, veins, replacements and disseminations. Tyhee has agreed to pay CAD25,000 in cash and 55,000 shares upon completion of a due diligence study and subject to TSX Venture Exchange approval.
September 8, 2000
Thyee Development Corp. announced that it has entered into a purchase agreement to acquire a 100% interest in five contiguous claims on Echo Bay, Great Bear Lake, Northwest Territories. The claims cover extensive alteration zones including intense gossans that can be traced for over one kilometre in length and over 200 metres in width. Grab samples from the property assayed up to 1.5% Cu, 0.32% Co, 4.69 g/t Au and 51.2 g/t Ag.

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