YTC 0.00% 23.0¢ ytc resources limited

YTC Resources Limited (“YTC” or the “Company”) is pleased to...

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    YTC Resources Limited (“YTC” or the “Company”) is pleased to provide an update on development and exploration activities at its Hera -Nymagee Project.
    HERA CONSTRUCTION
    Development activities at the Hera Project continue to progress smoothly. Key activities since the last project update include:
    HERA UNDERGROUND DEVELOPMENT MOVES AHEAD OF SCHEDULE
    Continued strong performance in the Hera underground development together with a modified decline design have seen the Hera underground advance move slightly ahead of the project schedule.
    Total underground advance for October was 266m for the month or 117% of the schedule. Development advance for November to date is 120% of schedule.
    Continued strong underground performance will present opportunities to optimize the ore delivery schedules to present higher grade ore to the process plant earlier than currently scheduled.
    HERA ORE BODY INTERSECTED
    YTC is delighted to report that underground development has now intersected the Hera ore body as planned in the first development cross-cut. In this position, the ore body is represented by braided stringers of zinc, lead and copper sulphide mineralisation. Importantly the ore body is positioned exactly as predicted by the geological model and is of similar grade tenor.
    Samples of strong zinc-lead and copper sulphide mineralisation from the first cross
 
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