it was in the same announcement that let us know about Federation for the first time:
NEW COPPER-COBALT TARGET AT NYMAGEE Reconnaissance mapping at Nymagee rediscovered the historic Queens Cross mine shaft located approximately 350m north east of the Nymagee copper mine. The Queens Cross mine is recorded as an historic gold mine however rock chip sampling of outcrop and mullock recorded strong copper values (to 0.8% Cu) and very high grade cobalt (to 1.5% Co). The Queens Cross mine may lie on a NW trending fault structure which appears to control the main Nymagee orebody. Further follow up exploration including drill testing will be completed in early 2013. http://www.ytcresources.com/public/documents/5/8/1178744.pdf
Only we never got any info on follow-up drilling except for some general remarks that it will be drilled in the future.
Whereas Federation progressed as planned: http://www.ytcresources.com/public/documents/5/8/1216820.pdf http://www.ytcresources.com/public/documents/5/8/1229968.pdf
P.S. CoCu is only my private name for it (cocu = French for having been cheated by one's wife etc - so I proposed it on the board as a name for the prospect if nothing ever comes out of it ... ;-) )
YTC Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
