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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	YTC
Latest Price:	0.43 (0.00%)
52-week High:	0.79
52-week Low:	0.39
Market Cap:	106.95M

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YTC Resources Full YTC Resources profile here

YTC Resources (ASX: YTC) is focussed on the development and exploration of the high grade Hera-Nymagee Project in the Cobar district of NSW.

The company has completed the Definitive Feasibility Study (DFS) on the Hera gold and base metal deposit as Stage 1 of the development of the Hera-Nymagee Project. Stage 2 of the Feasibility study will look at the integration of the larger Nymagee copper deposit, located 4.5km to the north of Hera.

YTC Resources adds new tin prospect to portfolio, fits alliance with Yunnan Tin Group

Wednesday, May 13, 2009

YTC Resources Ltd (ASX:YTC) has been granted a new exploration licence EL 7280 in NSW, the tenement areas of which contain the Pound Flat tin deposit.

YTC has a strategic alliance with the worlds largest tin producer, the Yunnan Tin Group of China. Yunnan Tin Group’s General Manager, Dr Wenxiang Gao was appointed Chairman of YTC Resources. As a result, YTC has access to the financial, technical and marketing expertise and support of a major international resource company and exposure to the capital markets of Asia

YTC considers EL 7280 and the Pound Flat tin deposit to be "an exciting addition to the YTC Project portfolio. The deposit represents the potential for a future low-cost, high-margin mining operation with modest capital expenditure requirements".

The Pound Flat deposit has been explored in detail by other companies from 1978 to 1982 resulting in the delineation of two geological domains:

1. A hard rock, sheeted vein hosted tin deposit overlain by;
2. A shallow eluvial/alluvial + shallow oxide tin deposit.

Significant exploration on the deposit was conducted by;
- Newmont Holdings Pty Ltd; 1978-1980 evaluating the hard rock sheeted vein domain, and;
- Amun Partnership: 1981-1982 Evaluating the alluvial/eluvial + shallow oxide deposit located immediate above, and on the flanks of, the hard rock deposit.

The new Pound Flat tenement will form part of YTC’s Torrington Project. YTC maintains a focus of ongoing rationalisation of the Torrington Project including further addition of prospective areas as they become available and relinquishments of non-prospective areas.

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