MONTRÉAL, QUÉBEC--(Marketwired - Jan. 6, 2016) - 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-82W intersected another higher grade massive sulphide zone approximately 45 metres updip from a similar intersection reported originally in hole SC-82 (October 29, 2015 press release). As was the case in SC-82, this shallower high grade massive sulphides intercept is located along the potential up-dip extension of the CFO Lens. Another mineralized interval was also obtained along the Gap Lens in hole SC-31W2. These mineralized intervals, as were all intercepts released by the Company since June, are located outside of the mineral resources as currently estimated (see attached Figure 1) at the Scott project.
Assay results are shown below:
DDH SC-82W Section 1900W (weighted averages)
From
(m) |
To
(m) |
Length
(m) |
Cu
% |
Zn
% |
Au
g/t |
Ag
g/t |
Remarks |
| 588.6 |
593.6 |
5.0 |
0.7 |
12.1 |
0.2 |
10.2 |
massive sulphides
(CFO horizon) |
| including |
| 588.6 |
589.3 |
0.7 |
3.6 |
22.2 |
0.6 |
26.3 |
massive and stringers sulphides |
DDH SC-31W2 Section 1900W (weighted averages)
From
(m) |
To
(m) |
Length
(m) |
Cu
% |
Zn
% |
Au
g/t |
Ag
g/t |
Remarks |
| 853.0 |
884.0 |
31.0 |
1.0 |
1.4 |
0.2 |
28.2 |
stringers sulphides
(Gap Lens) |
| including |
| 853.0 |
859.4 |
6.4 |
1.8 |
0.9 |
0.1 |
48.7 |
stringer sulphides |
| and |
| 876.0 |
884.0 |
8.0 |
1.0 |
1.7 |
0.2 |
32.3 |
stringer sulphides |
As this is still preliminary drilling on the above mineralization, 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 high grade massive sulphides (5.0 metres of 12.1% zinc and 0.7% copper) discovered at a depth of 588.6 metres are associated with a distinct mineralized horizon located about 100 metres to the north of the one hosting the newly discovered Gap Lens. These sulphides are associated with a rhyolite unit known as "Tony Rhyolite" and this interval is therefore interpreted as being located along the up-dip extension of the CFO Lens but at much shallower depth than indicated by previous work (see attached Figure 1).
Hole SC-82W did not intersect mineralization along the Gap Lens. Indeed, at the targeted depth volcanic host rocks are cut by barren intrusive rocks associated with the Chibougamau Pluton. This situation is analogous to what happened in hole SC-53W5 (see Figure 1 and press release of October 13, 2015) and reinforces the concept of a steep plunge to the west for the Gap Lens and possibly the West Lens. Hole SC-31W2 is a wedge cut drilled from hole SC-31W (press release of November 30, 2015). The stringer sulphides in SC-31W2 are all hosted by altered rhyolite, as is the case in the West Lens and in previous intersections from the Gap Lens.
Company president Gérald Riverin stated: "We are very encouraged with the high grade results of SC-82W along the CFO horizon. Now with a second cut on this target horizon, we are confident that this shallower high grade zone has some extent and may develop into a significant zone. We are looking forward to pursuing drilling in this sector."
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 will resume shortly with one drill rig and in fact the hole that was in progress just before the winter holiday break had already reached a depth of 900 metres and was close to the target depth.
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 Techni-Lab S.G.B. Abitibi Inc. (ACTLABS) of Ste-Germaine-Boulé, Quebec, 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.