General Search - Enter what you're looking for...
YTC RESOURCES LIMITED - ASX: YTC
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
YTC Resources successfully listed on the Australian Securities Exchange (ASX) in May 2007 raising A$3.5m. The Company is based in Orange, in central New South Wales, close to its projects and exploration infrastructure. The resident technical team has an aggressive exploration philosophy and a strong track record of discovery.
Hera Gold Project
The Hera deposit is an advanced, high grade gold deposit with base-metal credits capable of generating high margin production revenues. The Hera Project is considered an ideal project for YTC for the following reasons:
* The Hera deposit is an advanced, high grade gold deposit with base-metal credits capable of generating high margin production revenues.
* The project is located in a low-risk, established mining province close to YTC’s technical base in central NSW.
* The project represents an ideal fit for the company’s technical skills and capacity to rapidly develop a mining operation.
* The Project contains outstanding exploration upside, with the potential to significantly expand the existing resource.
Nymagee Copper Project
The Nymagee Copper Project includes the historic Nymagee Copper Mine, where YTC is aggressively evaluating an emerging high-grade copper discovery. Exploration results to date continue to indicate a very large copper system, with high grade copper lenses now extending to >500m vertical depth and remain open at depth, to the north and to the south east. In addition, YTC has also discovered the Nymagee Copper Mine system includes very broad, strong copper sulphide mineralisation at open-pittable depths.
A campaign of aggressive exploration drilling is directed to the estimation of a maiden resource Estimate for Nymagee due in mid 2011. This will allow the initial mine planning work to be completed and the feasibility of the Project to be mined as an integrated mining and processing facility together with the Hera Gold Project.
The continuity of copper mineralisation and the discovery of new high grade copper lodes at depth is very consistent with the evolution of Cobar-Style ore deposits in general and of the CSA deposit in particular. The vertical continuity of most known, copper-rich Cobar style ore systems extends to >1500m vertical and YTC is very encouraged that Nymagee will demonstrate similar continuity at depth and unfold into a major copper discovery.
Tin Projects
At present, Australia is not a major global producer of tin, with production dominated by China, Indonesia and Peru. However in the past, Australia has played a significant role in global tin production with major tin production areas in NSW, Tasmania and north Queensland. Only minor tin exploration or development has been carried out since the 1980’s. YTC is progressing significant exploration efforts at the Tallebung, Torrington and Giants Den tin fields, with each holding the potential for major tin deposits. Exploration and in turn, development, utilises the strong technical skills of the YTC team, in combination with the financial and technical assistance of the Yunnan Tin Group.
Copper-Gold Projects
The Company has chosen to focus its gold-copper exploration within the state of New South Wales and in particular the Lachlan Fold Belt. The reasons for this include the state’s endowment of world-class deposits and low levels of modern exploration. Other key features are its favourable mining and exploration legislation, land accessibility and well developed infrastructure. The world-class NSW gold-copper deposits include Newcrests’s Cadia-Ridgeway operation, Rio Tinto’s North Parkes mine and Barrick’s Cowal Gold Mine.
Since 2001, exploration activity in NSW has increased, resulting in a number of new discoveries such as Wyoming gold deposit (discovered 2001; 7.13Mt @ 2.70g/t Au) and Dargues Reef (discovered 2004; 3.58Mt @ 2.8g/t Au). These discoveries help to confirm the prospectivity of NSW.
The Company will also be targeting the New England Fold Belt, which has recently been recognised by experts to host Intrusion Related Gold (IRG) deposits. IRG deposits are typically located in tin-tungsten provinces like the New England Fold Belt such as the multi-million ounce Fort Knox (5Moz) and Pogo (5Moz) deposits in North America.
Mine For
tin, copper, gold
Location of operation(s)
New South Wales
Address
2 Corporation Place
ORANGE, NSW, AUSTRALIA
Phone
(02) 6361 4700
Website
Last Updated
19/5/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
