YTC Resources extends Nymagee with spectacular copper hits

YTC Resources (ASX: YTC) continues to deliver some top class copper hits from the 90% owned Nymagee Copper Deposit in the Cobar Basin of New South Wales, with today no exception.

The latest reverse circulation results from three holes are some of the best to date at the project, with broad intersections supported by very high grade narrower hits.

The result is mineralisation at Nymagee has been extended to both the north and the south.

The highlight is 87 metres at 2.2% copper from 13 metres, including 13 metres at 7.3% copper and 25 grams per tonne (g/t) silver, and 13 metres at 3.1% copper.

A second hole delivered 64 metres at 0.8% copper from 20 metres, including 6 metres at 3.2% copper.

The final hole extended the high grade lead-zinc-silver lens to the north, and delivered 12 metres at 0.3g/t gold, 62g/t silver, 0.3% copper, 5.7% lead and 9.1% zinc from 89 metres.

To further test this area, the company has already initiated a program of extensional reverse circulation drilling to test an additional 500 metres of the northern strike.

Rimas Kairaitis, chief executive officer, commented “These results provide further strong encouragement that a major copper system with substantial polymetallic and silver credits is steadily evolving at Nymagee.

"The results at the southern end of Nymagee are further confirmation of broad copper mineralisation at open pittable depths, whilst the northern results have again opened up the potential scale of the Nymagee mineral system."

Highlighting the prospectivity of the project, the Nymagee Copper Mine which last operated in 1918, has recorded historical production of 422,000 tonnes at 5.8% copper.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/20039/ytc-resources-extends-nymagee-with-spectacular-copper-hits-20039.html