YTC is currently running an extensive programme of Downhole Electromagnetics (DHEM) geophysics at the Hera deposit. The survey is designed to detect extensions to the known deposit as well as provide new targets beneath the Hera deposit.
The first holes surveyed at Hera, at the southern end of the deposit, have detected two new “off hole” EM conductor plates to the south and beneath the existing Hera Deposit. Previous drill intersections on the margins of the deeper conductor plate include:
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HRD026: PNDD5A: TNY019:
7.7m @ 5.7g/t Au, 0.4% Cu, 2.1% Pb and 2.8% Zn 11m @ 2.2g/t Au 4m @ 52g/t Ag & 15% Pb
The position of the new conductor plates relative to the existing Hera Resource and previous drilling are presented on a long section with this release.
YTC is very encouraged that the Hera DHEM survey is starting to generate new targets. Results from the remainder of the DHEM survey will be reported as they come to hand. These EM conductors and any further new conductors will be prioritised in the upcoming drilling programme. YTC believe the Hera deposit has the potential to grow substantially at depth in the manner of similar ‘Cobar style’ ore systems in the Cobar Basin.
Commenting on the results, YTC’s CEO Rimas Kairaitis said:
“YTC is excited that these new conductors may represent a substantial extension to the Hera deposit mineralisation. Both the Hera and Nymagee deposits have now generated untested DHEM conductors beneath and along strike. DHEM has to date been very effective for targeting extensions to these deposits and these results are very consistent with the Cobar type deposit model of vertically extensive mineral deposits”
Competent Persons Statement
The information in this report that relates to Exploration Results is based on information compiled by Rimas Kairaitis, who is a Member of the Australasian Institute of Mining and Metallurgy. Rimas Kairaitis has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr Kairaitis consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.