Its been almost a year (June 2010) since the Hera resource of 560,000oz Au equivalent at a grade of 8.0g/t Au Eq.
In that announcement alone they say:
Current resource estimate reflects only specific lenses of the deposit, being Main Lens, Hays Lens and the Far West Lens which have been drilled in sufficient detail. Additional mineralised lenses have been encountered and will also be incorporated into future updates of the Mineral Resource
So yes, given the amount of extension and infill drilling thats taken place since then, definitely some surprises in store here. Nymagee is the company maker but Hera is certainly not to be sniffed at.
Other upcoming stuff
- Float of the largest undeveloped Tin mine in Australia (Taronga - YTC to hold 25% and YTC shareholders to get priority entitlement in IPO)
- Downhole EM survey results for Nymagee (i.e how far does this high grade copper continue downwards because no bottom is in sight...)
- Maiden JORC resource for Nymagee
- DFS approvals (June?)
- Hera drill results
- Hera reserves upgrade
And of course the main event...
- continued finds of big intersections of high grade copper at Nymagee (which to date has shown absolutely no signs of stopping or slowing down)
YTC Price at posting:
65.0¢ Sentiment: Hold Disclosure: Held
