| | May 16, 2007
YGC RESOURCES REPORTS MORE HIGH GRADE RESULTS FROM ITS SILVER VALLEY PROPERTY
|
| | Vancouver, Canada -- May 16, 2007 -- YGC Resources Ltd. (Toronto Stock Exchange: YGC; Frankfurt Xetra Exchange: ZH6) announces further results from its drilling program at its wholly owned Silver Valley property located near Ross River, in the Yukon Territory, Canada.
Diamond drilling continues on the Silver Valley silver-lead-gold-copper property, located 8 kilometers east of the Ketza mine site. Results have been received for 16 diamond drill holes since the April 19, 2007 news release. These holes tested the vein at a higher level than in the previous drilling.
Drill holes SV-07-32 and SV-07-34 through SV-07-40 tested the central part of the vein, and encountered strong mineralization. The best of these drill holes was SV-07-36, which cut 3.70 meters true thickness of the vein that ran 1,234.8 g/t of Silver, 0.97 g/t of Gold, 20.8% of Lead and 1.3% of Copper.
Drill hole SV-07-32 intersected a 1.94 meter true thickness of main vein which assayed 905.4 g/t of Silver, 0.71 g/t of Gold, 26.8% of Lead and 0.82% of Copper, and also cut a shallower vein which had a true thickness of 1.5 meters and assayed 291.0 g/t of Silver and 8.2% of Lead. Drill hole SV-07-39 cut a true thickness of 2.2 meters of vein which ran 944.0 g/t of Silver, 10.5% of Lead and 0.6% of Copper.
Drill holes SV-07-41 through SV-07-48 tested the vein between the two adit levels, near the northern edge of where the vein had been identified. The best intercept was in drill hole SV-07-41, which cut a 1.06 meter true thickness of vein that ran 482.0 g/t of Silver, 1.69 g/t of Gold, 4.1% of Lead and 1.3% of Copper. Drill hole SV-07-44 cut a 1.78 meter true thickness of vein that assayed 451.4 g/t of Silver, 0.87 g/t of Gold, 2.9% of Lead and 0.51% of Copper.
Current drilling is stepping out along the vein to the south.
Table 1. Silver Valley
DDH
| From (m)
| To (m)
| True Width (m)
| g/t Au
| g/t Ag
| %Pb
| %Zn
| %Cu
| SV-07-32
| 8.95
| 10.50
| 1.50
| 0.32
| 291.00
| 8.22
| 0.14
| | | | 34.40
| 36.40
| 1.94
| 0.71
| 905.40
| 26.8
| | 0.82
| SV-07-34
| 11.12
| 11.60
| 0.37
| 0.59
| 296.0
| 10.5
| 0.5
| | SV-07-35
| 27.65
| 28.90
| 0.80
| 0.62
| 72.9
| 1.9
| | | | | 55.60
| 57.00
| 0.89
| 1.37
| 434.0
| 0.5
| | 0.5
| | | 58.35
| 62.30
| 2.52
| 1.30
| 37.6
| 0.6
| | | SV-07-36
| 35.80
| 39.70
| 3.70
| 0.97
| 1,234.8
| 20.8
| | 1.3
| SV-07-37
| 46.55
| 47.60
| 0.91
| 0.11
| 233.0
| 3.5
| | 0.2
| SV-07-38
| 20.42
| 21.92
| 1.11
| 0.05
| 247.0
| 7.4
| 0.3
| 0.1
| SV-07-39
| 45.06
| 47.85
| 2.20
| 0.47
| 944.0
| 10.5
| | 0.6
| SV-07-40
| 10.87
| 11.17
| 0.21
| 0.05
| 59.9
| 1.2
| 18.0
| | SV-07-41
| 19.50
| 20.62
| 1.06
| 1.69
| 482.0
| 4.1
| | 1.3
| SV-07-43
| 26.52
| 28.22
| 1.35
| 0.47
| 176.0
| 1.3
| | 0.1
| SV-07-44
| 24.39
| 26.63
| 1.78
| 0.87
| 451.41
| 2.94
| | 0.51
| SV-07-45
| 27.12
| 28.62
| 1.12
| 0.38
| 69.3
| 2.2
| | |
Drill holes SV-07-042 and SV-07-046-048 had no significant intersections.
All assays for this drill program were by ALS Chemex, North Vancouver, B.C. This news release was reviewed and approved by the Company's Chief Geologist, Edward Gates, M.Sc., P.Geo., the Qualified Person for the purposes of this release.
YGC Resources Ltd.
Graham Dickson, President
Tel: (604) 688-9427
Email: graham@ygcr.ca
www.ygcr.ca
CHF Investor Relations
Jeanny So
Tel: (416) 868-1079 ext. 225
Email: jeanny@chfir.com
www.chfir.com
The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
WARNING: The Company relies upon litigation protection for "forward-looking" statements.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. |
| |
| | You can view the Next YGC Resources News item: Fri May 18, 2007, YGC RESOURCES LTD. ANNOUNCES APPROVAL OF PLAN OF ARRANGEMENT WITH QUEENSTAKE RESOURCES LTD.
You can view the Previous YGC Resources News item: Fri Apr 27, 2007, YGC RESOURCES ANNOUNCES A BROKERED PRIVATE PLACEMENT
You can return to the main YGC Resources News page, or press the Back button on your browser.
|
|
