garimpeiro article, page-4

And again...

http://www.theage.com.au/business/hawkley-find-one-of-the-best-for-a-junior-in-years-20101128-18cbl.html

FROM the update file comes the news that the share price of Chinese-backed Orange-based gold/copper group YTC Resources (ASX: YTC) has motored ahead since last week's Garimpeiro item on the unfolding potential of the exploration program beneath the historic Nymagee copper mine.

YTC closed on Friday at 37? a share, making it a 30 per cent gain for the week. The move along came with fresh results from the Nymagee drilling campaign.

Drill holes to the north of previously reported high hits returned 11 metres grading 3.7 per cent copper from 401 metres and 15 metres at 1.6 per cent copper from 346 metres.

The company said the drilling had now defined good continuity of high-grade copper mineralisation over 200 metres, increasing its confidence that it can define a ''significant copper resource.''

Chief executive Rimas Kairaitis reckons it has ''great potential to evolve into a major mineral system consistent with other Cobar systems''. Those ''Cobar systems'' have been shown elsewhere in the region to be capable of hosting 1.5 million tonnes of copper. There is lots more work to do before the Nymagee program proves anything like that.

But it is certainly one to watch in 2011.