YTC 0.00% 23.0¢ ytc resources limited

NYMAGEE AND HERA DEPOSITS EXTENDEDYTC Resources Limited (¡§YTC¡¨...

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    NYMAGEE AND HERA DEPOSITS EXTENDED
    YTC Resources Limited (¡§YTC¡¨ or the ¡§Company¡¨) is pleased to provide the following exploration update from the Hera Gold Deposit (YTC-100%) and the Nymagee JV (YTC-95%) in the Cobar Basin, NSW.
    STRONG RESULTS FROM NORTHERN-MOST DRILL HOLE AT NYMAGEE
    Hole NMD075, the northernmost hole drilled by YTC Resources at Nymagee, has returned three discrete poly-metallic intersections, with two of these intersections recording substantial gold mineralisation.
    „h 11m @ 1.1% Pb and 2.5% Zn from 167m
    „h 18m @ 1g/t Au, 23g/t Ag, 0.9% Cu, 0.6% Pb and 1.3% Zn from 431m, including
    o 1m @ 11.3g/t Au, 26g/t Ag and 1.8% Cu from 432m
    „h 6m @ 0.5g/t Au, 149g/t Ag, 5% Pb and 11.6% Zn from 512m
    The recognition of high-grade gold mineralisation with copper, lead and zinc mineralisation is considered very significant for the potential of Nymagee North which remains open to the north and at depth. Nymagee North lies approximately 500m north of the existing Nymagee Resource. These results are shown on a long section and plan accompanying this release.
    Hole NMD075 is the northernmost hole drilled by YTC Resources at Nymagee North. Follow up drilling to the north of hole NMD075 is now underway.
    BONANZA GRADE LEAD-ZINC-SILVER RESULTS FROM HERA NORTH
    Drilling at Hera North has intersected bonanza-grade lead-zinc-silver sulphides in HRD042W2, which was drilled into the new sulphide lens at Hera recently discovered by YTC (ASX: 9 August 2012).
    Hole HRD042W2 was drilled between high grade results in holes HRD042 and HRD042W1. HRD042W2 intersected a 6m zone of very strong lead-zinc sulphide mineralisation including a 2m zone of massive lead-zinc sulphides. Assays confirmed bonanza grade lead-zinc-silver results:
    „h 4.75m @ 0.34g/t Au, 359g/t Ag, 10.9% Pb and 22.2% Zn from 350.78m, and
    „h 1.90m @ 0.89g/t Au, 601g/t Ag from 364m
 
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