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YTC Resources bonanza gold strike include 4.2m at 164g/t gold in extension drilling at Hera

The bonanza-grade mineralisation may represent a new gold bearing zone at the Hera Deposit.  However, the intersected high grade base metal mineralisation adds credence that YTC may have a very significant "Cobar Style" mineral system emerging.
YTC Resources bonanza gold strike include 4.2m at 164g/t gold in extension drilling at Hera

Bonanza style and high grade gold has been intersected in several holes in extension drilling by YTC Resources (ASX: YTC) at the Hera deposit.

Highlights from HRD032 include:

- 10.2 metres at 68.3g/t gold, 19g/t silver, 3.2% lead and 3.8% zinc from 520.2 metres, including 4.2 metres at 164g/t gold, 25.1g/t silver, 7.0% lead and 5.0% zinc.

Highlights from HRD030 include:

- 3.0 metres at 15.1g/t gold, 0.7% lead and 1.0% zinc from 484 metres; and
- 8.0 metres at 1.15g/t gold, 18.2g/t silver, 0.48% copper, 1.8% lead and 0.8% zinc.

Highlights from HRD032W1 include:

- 7.0 metres at 0.42g/t gold, 27g/t silver, 4.8% lead and 9.7% zinc.

Apart from emergence of a new gold-bearing lens east of the known Far West Lens, it is the high grade high grade base metal mineralisation in Hole HRD032W1, which is both exciting and striking, resembling a "Cobar Style" mineral system.

The results are a component of the expanded Defi nitive Feasibility Study (DFS) drilling program at the Hera Deposit designed to increase the Hera Resource and asses the development of the deposit in combination with the high grade Nymagee Copper Deposit (YTC 90%), located 4.5 kilometres to the north.

Two diamond drilling rigs are currently operating at Hera, along with two at Nymagee.

The DFS on Hera is to establish an underground mine producing gold, silver, lead, zinc and copper.

Hera has multiple lenses of high grade, sub-vertical gold and base metal mineralisation, with the central main lens representing the bulk of the deposit tonnes and extends for approximately 600 metres along strike.

Hera is located 100 kilometres south-east of Cobar and is hosted in Cobar Basin rocks.

 

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