MONTRÉAL, QUEBEC–(Marketwired – Nov. 30, 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-31W intersected two higher grade zones within a 48 metre mineralized envelope consisting of combined stringer and massive sulphides. The whole interval, including the higher grade zones, are part of the newly discovered Gap Lens. These mineralized intervals, as well as all intercepts released by the Company since June, are located outside of the current mineral resources (see Figure 1) at the Scott project.
Assay results are shown below:
DDH SC-31W Section 1900W (weighted averages)
|879.6||888.0||8.4||0.3||5.1||0.5||35.5||massive and stringers sulphides|
|916.0||927.9||11.9||0.5||5.4||0.6||37.1||massive and stringers 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 above stringer sulphides are all hosted by altered rhyolite, as is the case in the West Lens. Hole SC-31W is wedge cut drilled from original hole SC-31 which was drilled in 2008. The original hole had failed to hit any significant mineralization and, consequently, it was concluded at that time that West Lens mineralization and the rhyolite host ended around section 1800W as shown on Figure 1 available at the following link: http://media3.marketwire.com/docs/1034745_SCOTT_LAKE_Nov2015.pdf). As a result, in the latest resource estimate prepared by Roscoe Postle Associates, resources had to end around section 1800W. The above results in SC-31W and those reported recently in hole SC-82 (press release of October 29) indicate that this will have to be re-evaluated.
Company president Gérald Riverin stated: “We are very pleased with the results of SC-31W. In addition to the significant widths of the mineralized zones intersected, the new data will help to better understand the link between the Gap Lens and the West Lens, which is a pre-requisite to a future resource estimate update.”
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 completing the sampling of yet another hole that was recently completed up-dip of SC-31W.
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.
Yorbeau Resources Inc.
G. Bodnar Jr.
Yorbeau Resources Inc.
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