Sydney - Monday - May 23: (RWE Australian Business News) - YTC Resources Ltd (ASX:YTC) today announced further strong results from ongoing drilling at the Nymagee Copper Mine in New South Wales. Strong copper results with silver credits have continued to be returned from the Nymagee Main Lode Position. Holes NMD011 and NMD011W1 were drilled as a parent and wedge hole to test just below the northern limits of the historic 8 level. The holes returned: * NMD011 - 5m at 2.3pc copper and 11g/t silver; and * NMD011W1 - 3m at 4.1pc copper, 4.4pc lead, 7.3pc zinc, 52g/t silver and 0.36g/t gold. Of particular interest is an unusual breccia texture observed with the copper mineralisation in NMD011W1 which contained individual assays greater than 1g/t gold. This result infers the potential for the discovery of further gold-rich mineralisation of this style. Hole NMD023 was drilled to test the remnant pillar mineralisation between levels 7 & 8 in the historic mine, to the south of the main shaft position. The hole returned a main lode intersection containing: * NMD023 - 6m at 3.5pc copper and 18g/t silver. Results for most of the remaining drillholes testing the Nymagee Mine pillar mineralisation are pending.
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Drilling in the upper 250m of the Nymagee Copper Mine has continued to intersect strong lead-zinc-silver mineralisation in a discrete, unmined lens 10-15m west of the Nymagee Main Lode. Latest results from the lead-zinc-silver lens include: * NMD023 - 13m at 0.1pc copper, 2.0pc lead, 4.0pc zinc and 12g/t silver from 332m; and * NMD030 - 5m at 0.1pc copper, 7.0pc lead, 13.3pc zinc and 97g/t silver from 162m. The company considers the western lead-zinc-silver lens to hold potential to form a substantial target in its own right, and strong lead-zinc mineralisation has been observed in a number of the east directed drillholes from the pillar drilling program. Results for these holes are pending.
Reuters.
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