Great updates today: 1) Nice drill results- northern Hera Main...

Great updates today:

1) Nice drill results

- northern Hera Main Lens:
strong intersections outside the current Reserve outline will likely result in additional Reserve tonnages to form the first production stopes in the Hera mine and shorten the schedule to first ore production.

- east of Hera Main Lens
Hole HRD039W1 intersected significant grade in a mineralised structure some 30m east of the Hera Main Lens ... This intersection east of the Hera Main Lens further demonstrates the potential for additions to the initial +7 year mine life at Hera

2) Hera permitting
The Environmental Assessment (EA) document for the Hera Project was put on public exhibition for the period 17th November – 19th December 2011. A total of seven (7) submissions were received, all from Government Departments. No submissions were received from the public. (comment: no nimbys!!!)

YTC submitted its final Response to Submission on 20 February 2012 and the Hera Project EA is now with the NSW Department of Planning and Infrastructure (DP&I) for final determination.

3) Hera construction:
Stage 1 of the Hera Project earthworks, including the main access road, sediment dams, magazine and the Hera boxcut, which commenced in December 2011, is now over 50% complete.

4) Large gold system confirmed at Kadungle prospect

Mr. Market seems to be still half-asleep ...