YTC 0.00% 23.0¢ ytc resources limited

Ann: Record Copper Intersection from Nymagee , page-8

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  1. 148 Posts.
    FDR

    Not sure that I can. It was a private investor note so I may be breaching conidentiality.

    I can say however that it included the following:

    Impressive copper intercepts
    ? The latest drilling, designed to test the shallow Southern Footwall Zone (SFZ)and the Main Lens at depth has returned record grades and widths.
    ? The SFZ intercept is within open-pittable depths and the Main Lens has provided the widest massive sulphide observed to date, which provides encouragement for the future stoping within this zone once mining commences.
    ? Nymagee remains open at depth with drilling approvals now received to test the shallow copper targets over 600m of strike and for depth extensions (deep drilling approvals have already been received).

    ? The drilling at Nymagee continues to de-risk the orebody before potential development, with the latest results returning the impressive copper grades and widths to date.
    ? The deposit remains open (at depth and along strike) implying good resource growth to come.
    ? Drilling is ongoing, testing deep and shallow copper targets which should provide a steady flow of results leading up to the Nymagee resource update and followed by the DFS.
    ? A decision to mine is expected in the September quarter 2011.
    ? We have a price target for YTC of 89cps, and these results continue to confirm the quality of Nymagee and we maintain our Speculative Buy recommendation.
 
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