MONTRÉAL, QUÉBEC--(Marketwired - Oct. 13, 2015) - Yorbeau Resources Inc. (TSX:YRB.A) (the "Company" or "Yorbeau") is pleased to report on recent diamond drilling results at its 100% owned Scott Lake project in Quebec. Drill hole SC-53W6 intersected massive sulphides within the newly discovered Gap Lens (Company's June 16 and July 9, 2015 press releases), and confirms continuity of mineralization between previous holes within the Gap Lens. As reported previously, this new zone is located outside of the current mineral resources on a mineralized horizon situated at 60m to the south of CFO lens.
Assay results are shown below:
DDH SC-53W6 Section 2000W (weighted averages)
From
(m) |
To
(m) |
Length
(m) |
Cu
% |
Zn
% |
Au
g/t |
Ag
g/t |
Remarks |
| 972.1 |
986.2 |
14.1 |
0.2 |
13.5 |
0.1 |
17.7 |
Massive sulphides |
As this is still preliminary drilling on this zone, the exact shape and true width cannot be determined with certainty. The core lengths obtained may not reflect the true width of the mineralization.
The Gap Lens is located between the West Lens and the deeper CFO Lens (see Figure 1 at the following link: http://media3.marketwire.com/docs/1028318a_Scott_Lake_Project.pdf) where there is an important undrilled gap which is the target of the on-going drill program. Prior to drilling SC-53W6, hole SC-53W5 was completed (Figure 1) but did not intersect any mineralization and therefore limits the vertical extent of the Gap Lens on this drill section.
Company president Gérald Riverin stated: "The results of SC-53W6 confirm continuity between previous holes and also demonstrates the possibility of higher grades than obtained previously. We are very pleased with the recent developments at Scott and will continue drilling on this new mineralized lens in order to complete an updated resource estimate and ultimately be in a position to assess the economics of the project."
The Scott Lake property, 100% owned by Yorbeau, already hosts a number of polymetallic massive sulphide lenses. These represent combined inferred resources of 5.45 million tonnes grading 1.2% copper, 4.6% zinc, 0.2 g/t gold and 34 g/t silver, using an NSR cut-off of $80 per tonne (Technical Report prepared by Roscoe Postle Associates and filed by Cogitore Resources in 2011).
Drilling continues with one drill rig and the Company is in fact waiting for assay results of yet another hole that was recently completed between the recent drilling and the West Lens.
All drill core discussed in this press release was logged and marked up for assay at the Company's secure facility in Chibougamau, Quebec. Drill core for assay was split in half. Half of the core was shipped in sample bags to Laboratoire ALS Chemex of Val d'Or with appropriate standards, duplicates and replicates used for quality control purposes. The other half of the core is retained for future reference.
Work is carried out by the personnel of Yorbeau, under the supervision of Gérald Riverin, PhD, P. Geo. He is a qualified person (as defined by National Instrument 43-101) and has reviewed and approved the content of this release.
About Yorbeau Resources Inc.
The Company's 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates. The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development.
More information on the Company may be found on the Company's website at www.yorbeauresources.com.
Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.