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YTC Resources expects more high grade gold and base metal at Hera resource

YTC Resources (ASX: YTC) has reported further strong assay results for a further three diamond drill holes completed as part of the resource drilling programme being undertaken at the Hera Project in New South Wales.

The high-grade, gold and base metal mineralisation intersections include: HRD015W1: 8m @ 2.96g/t Au, 3.44% Pb, 7.97% Zn from 511m; HRD013: 6.75m @ 2.39g/t Au, 2.7% Pb, 6% Zn from 536.25m and HRD016: 4m @ 1.9g/t Au, 32g/t Ag, 9.5% Pb, 8.5% Zn from 469m.

Each of these intersections of gold plus base metal mineralisation are in line with expectations and represent high value ore of >$350/tonne at current metal prices, providing further confidence in the continuity of the Hera Main Lens.

Results were also received for the bottom of hole HRD020, with the following new intersection recorded as part of the Hays/Werners structure: HRD020: 2.0m @ 5.24g/t Au, 1.9% Pb, 3.4% Zn from 456m.

YTC’s CEO Rimas Kairaitis, stated “the Resource drilling continues to consolidate the robust nature of the Hera Resource. Of particular excitement is the linking of the Far West Lens with the Hays-Werners Lens which now represents a continuous 300m Western Lens of high grade gold and base metal mineralisation."

"Further drilling is required, however it is expected that the linking of these two lenses will result in a substantial increase in the Hera resource."

These results are in addition to results from hole HRD020, reported on 10 March 2010 that substantially extended the existing Hera deposit, and delineated an open northerly plunge. These results were: 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.

Hole TNY005W1, drilled to test the continuity of the Hera northerly plunge has now been completed with strong copper-lead-zinc mineralisation observed.

This result, together with strong results from hole HRD020 and HRD014 is interpreted to now link the Far West Lens mineralisation with the previously identified Hays-Werners Lens to a form a single, continuous gold plus base metal ‘Western Lens’.

This continuity should allow this mineralisation to be included in the updated Resource Estimation due next month. A further 4 drill holes are awaiting assay results.

Disclosure: The author holds no positions in the company