YTC Resources (ASX: YTC) has delivered some very impressive first assays from the Hera North discovery, which is located just 200 metres north of the existing Hera Resource of 677,000 ounces AuEq at 8.6g/t.
Importantly - the very high grades of silver encountered have not previously been identified in the Hera mineralisation - which adds yet further potential to the project.
Highlights from the first two holes which intersected a zone of strong lead-zinc sulphides include:
Hole HRD042: 11 metres at 279g/t silver, 2.2% lead, 4.7% zinc and 0.16g/t gold from 382 metres, including 7 metres at 343g/t silver, 3.0% lead, 6.7% zinc and 0.21g/t gold.
Hole HRD042W1: 11 metres at 107g/t silver, 7.2% lead, 12.3% zinc and 0.15g/t gold from 324 metres.
Rimas Kairaitis, managing director, commented: "Assays have confirmed the high-grade nature of the Hera North mineralisation and have also demonstrated very high silver values an unexpected bonus. Ongoing drilling is expected to continue to define the size and grade of the Hera North discovery."
Further massive sulphides intersected at Hera North
Drilling at Hera North is continuing, with the latest holes intersecting further massive sulphides. Hole HRD042W2 was drilled to follow up strong intersections between HRD042 and HRD042W1, and intersected a 6 metres zone of very strong lead-zinc sulphide mineralisation including a 2 metres zone of massive lead-zinc sulphides.
This intersection confirms the continuity of the Hera North mineralisation over a minimum of 65 metres vertical metres. Drilling has also just completed on hole HRD046 - which did not intersect the strongly mineralised zone, suggesting the Hera North zone holds a steep northerly plunge.
Across at Nymagee, YTC Resources has now completed hole NMD077 - which is around 70 metres above the strong copper-bearing sulphides intersected in hole NMD075 (reported to the ASX on 20th August).
NMD077 intersected weak mineralisation in the target zone. Given the significance of the copper bearing matrix and massive sulphides interested in hole NMD075, YTC plan to follow up with a significant program of drilling at Nymagee North to test to the north, south and below the strong result intersected inNMD075.
Hole NMD075 remains the northernmost drill hole by YTC into the Nymagee mineral system.
Drilling at Nymagee will re-commence shortly once a drill rig swap is completed.
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