Proactive investors

YTC Resources (ASX: YTC) acquired the high-grade Hera gold-base metals Project in June 2009, and has been pushing ahead to the complete a Definitive Feasibility Study (DFS) together with an aggressive exploration campaign both at Hera, and the associated Nymagee Copper Mine ore system, located 4.5km to the north.

The Company holds a strong view that the Hera gold and base metals Project represents a robust mining proposition with major exploration upside well established by recent drilling results and by the +100 year histories of other mining operations in the Cobar district.

YTC released an updated JORC compliant Resource Estimate for Hera recently, with a global resource of over 560,000 ounce gold equivalent at a gold equivalent grade of 8.0g/t. The updated Estimate provides a robust resource base to proceed to the completion of the DFS mining studies.

YTC is also very confident it will continue to add to this Resource as it expands exploration around the Hera Resource and includes additional mineralised lenses which are not yet included as part of this estimate.

Drilling is also underway at the Nymagee Copper Mine, where following a detailed review of all historic work on the mine, YTC is targeting resources complementary to the Company’s Hera Project, located only 4.5km to the south. The Nymagee Copper Mine is considered to have great potential to make a major addition to the proposed Hera Mine development.

YTC also remains active in the exploration for copper, gold and tin on a number of tenements in the Lachlan and New England Fold Belts of NSW.