YTC announces
Nymagee drilling program expanded
Wednesday July 14, 2010
YTC Resources is expanding its search for gold in the Nymagee area in the hope of supplementing its potential Hera Gold operation.
In addition to the development of a feasibility study for the Hera deposit, the company has now announced an expanded drilling campaign on its Hera and Nymagee Joint Venture tenements.
Company chief executive officer Rimas Kairaitis said the board of YTC has committed to a 5,000m diamond core and 2,000m reverse circulation drilling program over the next three months.
“In parallel to our feasibility activities at the Hera Gold Project and endeavouring to increase the resource base at Hera, YTC is committed to its ultimate goal of uncovering another major mineralised system in the Cobar basin,” Mr Kairaitis said.
“YTC acquired the Hera Gold Project due
to our belief that the tenement package
has significant potential to host a world
class, Cobar-style deposit similar to the CSA, Peak and Endeavor deposits which are
all similarly located in the Cobar basin,” he said.
Mr Kairaitis said the drilling program, which commenced last week has been designed to test extensions to the Hera deposit and to follow up high priority prospects in the vicinity of the Hera deposit.
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