after reading the announcement a few times I am of the opinion the hole they are working could be better than what we think all we need is a trading halt before assays come out and watch out ,just my opinion
STRONG SULPHIDE DRILL INTERSECTION AT NYMAGEE NORTH YTC has completed a diamond drill hole (NMD084) to test a high priority conductor target at Nymagee North. Although the drill hole intersected the conductor plate at a higher position than planned, the hole recorded strong sulphide mineralisation from 545-630m down hole. Moderate to strong copper sulphide mineralisation is observed at various intervals including, 545-555m, 576-588m, 596-600m and 619-630m (refer photos – following page). The intersection is considered highly encouraging, however the conductive target source is not considered identified. A wedge hole is now being drilled off NMD084 to test below this intersection (NMD084W1: refer long section included with this release). Assays are expected to be available for hole NMD084 within 3-4 weeks and the wedge hole NMD084W1 is expected to drill through target depth within 10 days. YTC’s Managing Director, Rimas Kairaitis commented: “Hera construction continues to progress well. The strong sulphide mineralisation observed in the initial Nymagee North drilling are particularly encouraging, and continue to support the view that Nymagee North represents a potential new copper system".
YTC Price at posting:
22.5¢ Sentiment: LT Buy Disclosure: Held