YTC receives encouraging drilling results

/in /by

THE DRILL SERGEANT: New South Wales-focused gold explorer YTC Resources has received encouraging results from an ongoing drilling program at its Nymagee copper project (YTC-90%) in the Cobar Basin.

Drilling was carried out in the western lead-zinc-silver lens located approximately 10 to 15 metres west of the Nymagee main lode.

Hole NMD032 was drilled from west to east to test the grade and tenor of the remnant Nymagee mine pillars.

On the way to target depth, the hole intersected 5 metres at 17.1 per cent lead, 24.0 per cent zinc, 265 grams per tonne gold and 0.16g/t gold from 81m.

“These results provide further encouragement that the western lead-zinc-silver lens has potential to contribute substantial high grade tonnages to a combined development of the Hera and Nymagee deposits, in addition to the open ended high grade copper zones in the Main, Royal and Club House lodes, as well as the recently discovered shallow sulphide copper mineralisation,” YTC said in an announcement.

Two other holes hit broad intervals at the southern end of the Nymagee lode. These were drilled from west to east to test the grade and tenor of the Nymagee main lode at the southern end of the known copper mineralisation.

The holes intersected broad zones of strong copper mineralisation which now represent the southernmost intersections in the Nymagee main lode.

NMD027W1: 15m at 2.5 per cent copper, 0.8 per cent lead, 2.5 per cent zinc, 21 grams per tonne gold and 0.1g/t gold from 296m.

NMD025: 7m at 1.6 per cent copper and 11 grams per tonne gold from 196m.

“These are further outstanding results, the lead-zinc-silver grades observed in hole NMD032 are unprecedented for Nymagee, and the results from hole NMD027W1 have extended the Nymagee Main Lode to the south,” YTC Resources chief executive officer Rimas Kairaitis said in an announcement.

“We believe the structure at the southern end of the Nymagee Lode is favourable to a significant grade increase in this area and look forward to further results from here.”