MONTREAL, QUEBEC--(Marketwired - March 2, 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-83 intersected two distinct massive sulphide intervals which constitute the deepest intercepts yet in the Gap Lens. These mineralized intervals, as were all intercepts released by the Company since June 2015, 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-83 Section 1950W (weighted averages)
| |
|
|
|
|
|
|
|
From
(m) |
To
(m) |
Length
(m) |
Cu
% |
Zn
% |
Au
g/t |
Ag
g/t |
Remarks |
| 988.2 |
996.0 |
7.8 |
0.1 |
9.9 |
1.0 |
30.8 |
massive sulphides
(Gap Lens) |
| including |
| 992.0 |
996.0 |
4.0 |
0.1 |
13.7 |
1.4 |
39.8 |
massive sulphides |
| and |
| 1033.0 |
1039.4 |
6.4 |
0.3 |
17.4 |
0.6 |
28.5 |
massive sulphides
(Gap Lens) |
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.
Borehole geophysics completed in SC-83 indicates that there is still additional conductive material downdip from the deepest intercept yet on the Gap Lens. However, while this is seen by Company management as very encouraging, testing downdip from SC-83 is not part of the objectives of the current program.
Company president Gérald Riverin stated: "We are very encouraged with the high grade results of SC-83 and particularly the higher gold grades when compared to previous holes. This augurs well for the future. We also would like to highlight the skills of our technical team which has been able to control deviation in deep holes and thus allow the Company to fully capitalize on deep drilling with a series of wedge-cuts that generate accurate pierce points at very competitive costs. 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).
A wedge-cut from hole SC-83 was also completed updip of SC-83 and sampled recently. Assays are pending and expected to be released around March 15. A new hole is in progress to the west of SC-83.
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.