Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

YTC Resources logs bumper 18m at 6.3% copper intercept at Nymagee

The implications from YTC Resources (ASX: YTC) latest very high grade copper hits at Nymagee is that the company is continuing to uncover unexpected zones of broader widths and higher grade of copper as drilling continues.

The latest highlight is; 18 metres at 6.3% copper, 0.65 grams per tonne (g/t) gold and 26g/t silver from the Nymagee Main Lens.

This intersection was made from 294 metres, recording the widest massive sulphide zone observed to date. YTC Resources said that the Main Lens is interpreted to be structurally thickened in this position.

Another two narrow massive sulphide zones were recorded below this zone, which included; 4.5 metres at 8.4% copper, 0.78g/t gold and 38g/t silver from 318 metres, and 2.7 metres at 4.6% copper, 0.81g/t gold and 18g/t silver from 330 metres.

Most importantly with the high grade hits is the support from much wider discoveries, with the latest broad highlight; 92 metres at 1.5% copper from 88 metres in the southern footwall zone.

This result confirms the presence of substantial widths of strong copper mineralisation at open-pittable depths in the shallow part of the southern footwall zone.

Rimas Kairaitis, managing director, told Proactive Investors this morning that the scale of the Nymagee mineralisation is still undefined and growing, which could evolve into a very significant copper deposit over the next 6 months.

YTC Resources continues to move the project forward quickly - and approvals to complete a detailed drill-out of both the southern and northern shallow copper targets have now been received, with the program already commencing.

The program will include 7000 metres of reverse circulation and diamond core drilling to test the shallow copper zone over a strike length of more than 600 metres.

The Nymagee Copper Project (YTC 90%) in located in the Cobar Basin of New South Wales.

The joint venture includes the Nymagee Copper Mine which last operated in 1918, and has recorded historical production of 422,000t at 5.8% copper.

The tenements adjoin immediately north of the company's 100% owned Hera gold-base metal project.