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Following the successful acquisition of the high-grade Hera-Gold Project, YTC has commenced a major exploration programme designed to expand the existing Hera Resource. Exploration will also be directed at new discoveries in the immediate north and south along strike of the Hera deposit.
New high-grade gold, lead-zinc intersections have substantially extended the HeraDeposit along an open northerly plunge. Best results include:
Hole HRD014:
- 6.8m @ 15.42g/t Au, 2.86% Pb, 2.6% Zn from 475.5m and
- 3m @ 15.52g/t Au, 33g/t Ag, 0.4% Cu, 4.5% Pb , 3.5% Zn from 489m and
- 10.2m @ 3.23g/t Au, 16g/t Ag, 4.0% Pb, 3.52% Zn from 503.8m
Hole HRD020:
- 8m @ 5.5g/t Au, 18g/t Ag, 0.47% Cu, 2.3% Pb, 1.4% Zn from 430.5m and
- 3m @ 5.87/t Au, 26g/t Ag, 0.25% Cu, 9.8% Pb , 5.5% Zn from 448m
- 451m to 498.5m assays pending
YTC has commenced a Definitive Feasibility Study (DFS) on the Hera Gold project. GR Engineering Services ('GRES') have been appointed the lead manager to DFS, with an expected completion in early-mid 2010.
Chief Executive Officer Rimas Kairaitis said "Hera is a fantastic acquisition for YTC Resources. It represents an opportunity for YTC to capitalise on a near-term, high grade production asset with excellent exposure to the gold market. The Project also contains a natural base metal hedge in addition to exciting exploration upside. The central NSW location is an ideal fit for the resident technical team based at the YTC head office in Orange."