Follow-up exploration involving ground-based EM surveys has led to the identification of a new EM conductor with diamond drilling of this anomaly intersecting a 22m wide mineralised zone, with intervals of massive sulphides. The mineralised zone contains visible copper, lead and zinc, with assays expected in late January 2012. This new mineralised zone could provide additional copper tonnes (and credits) for the future Nymagee operations. The intersected massive sulphides correlate well with a 300m long EM conductor, which provides more encouragement for further mineralisation. YTC expects to recommence drilling within this area in early January 2012.
In these crappy markets companies with rock solid deposits with low capex and low opex (and yet still massive upside) I would think should come in vogue sooner or later so I continue to hold.
YTC Price at posting:
40.0¢ Sentiment: LT Buy Disclosure: Held
