Sunday, 4 September 2011

YTC Resources receives another boost to the copper tonnage potential at Nymagee

YTC Resources (ASX: YTC) continues to deliver a string of top copper hits from the 90% owned Nymagee Copper Project in the Cobar Basin of New South Wales.

The significance of the latest diamond drilling results is the broad, near surface nature, which includes; 117 metres at 0.9% copper from 66 metres, and 124.3 metres at 0.8% copper from 71.7 metres.

Adding some spice to the results is a silver hit, which is within the; 34 metres at 0.9% copper and 12 grams per tonne (g/t) silver from 166 metres.

Importantly, these results from the northern end of Nymagee have extended the mineralisation to depth, also indicating significant open pittable tonnages.

Drilling continues to demonstrate the projects strong potential to establish an open pit copper operation prior to development of the higher grade underground mine.

Further support for the project has come from reverse circulation drilling, which has now extended the southern copper zone.

Highlights include; 16 metres at 2.2% copper from 75 metres, 11.3 metres at 2.2% copper from 38 metres, and 20 metres at 1.1% copper from 30 metres.

Rimas Kairaitis, chief executive officer, commented on the latest copper hits and said, “These results substantially build the tonnage potential of the shallow copper mineralisation at Nymagee.

"The diamond holes extend the northern zone to depth and the reverse circulation holes extend the southern zone along strike.

"We look forward to further strong results from the continuing program at Nymagee."

Originally published at: http://www.proactiveinvestors.com.au/companies/news/19249/ytc-resources-receives-another-boost-to-the-copper-tonnage-potential-at-nymagee-19249.html

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