YTC hits best copper yet at Nymagee

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THE DRILL SERGEANT: YTC Resources has scored its strongest copper results so far from an ongoing drilling program being carried out on its Nymagee copper project (YTC-90%) in the Cobar Basin, New South Wales.
 
The company has undertaken drilling at the southern end of the Nymagee mineralisation to test shallow copper sulphide mineralisation associated with the southern footwall zone and to intersect the Nymagee Main Lens at moderate depths.

The drilling did what YTC expected it to do and intersected copper sulphide mineralisation at the southern footwall returning a result of 92 metres at 1.5 per cent copper from 88m.

“This result confirms the presence of substantial widths of strong copper mineralisation at open-pittable depths in the shallow part of the southern footwall zone,” YTC said in its ASX announcement.
 
The company has now commenced a detailed drill-out of both the southern and northern shallow copper targets.

This program will include approximately 7000m of RC and diamond core drilling and test the shallow copper zone over a strike length of over 600m.

Further analysis of the recent drilling showed an intersection of the Nymagee Main Lens from 294m, recording the widest massive sulphide zone the company has observed to date.

This intersection recorded 18m at 6.3% copper, 0.65 grams per tonne gold and 26g/t silver from 294m.

YTC has interpreted the Main Lens to be structurally thickened in this position while a further two, narrow massive sulphide zones were recorded below this zone in what the company has again interpreted to be structural repeats of the Main Lens.

These returned intersections recorded 4.5m at 8.4% copper, 0.78g/t gold and 38g/t silver from 317.5m, and 2.7m at 4.6% copper, 0.81g/t gold and 18g/t silver from 329.9m.

“These results are extremely encouraging as we have not seen these widths at such strong grades in the Main Lens or in the shallow part of the southern footwall zone,” YTC Resources chief executive officer Rimas Kairaitis said in the release.

“We look forward to further strong results from both the shallow and deep drilling programmes which are now underway.”