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 defines large gold system with high grade zone at Kadungle Project
Thursday, February 23, 2012 by Christine Feary
YTC Resources (ASX: YTC) will target further high grade gold at the Kadungle Copper Gold Project in New South Wales after identifying a large gold system.
Two reverse circulation holes were drilled at the Mt Leadley prospect in December 2011, targeting copper-gold mineralisation associated with a diatreme breccia.
Results from these holes confirmed broad zones of low grade copper-gold along with high grade gold mineralisation at the eastern edge of the diatreme breccia.
Intersections from the drilling program include:
- 154 metres at 0.37 grams per tonne (g/t) gold and 0.12% copper from surface, including 3 metres at 7.08g/t gold and 0.31% copper from 115 metres; and
- 131 metres at 0.13g/t gold and 0.17% copper from 41 metres.
The high grade gold interval is 50 metres north along strike from high grade gold intersected in previous drilling.
YTC CEO Rimas Kairaitis said: “These results look to have confirmed the preferential development of high grade gold on the margin of the diatreme breccia at Kadungle. The breccia margin represents an exciting high-grade gold target for further exploration.”
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