MONTRÉAL, QUÉBEC–(Marketwired – Oct. 29, 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-82 intersected two distinct mineralized zones consisting of shallower very high grade massive sulphides along the potential up-dip extension of the CFO Lens horizon, and deeper combined stringer and massive sulphides within the newly discovered Gap Lens. These new mineralized intervals, as were all intercepts released by the Company since June, are located outside of the current mineral resources (see attached Figure 1) at the Scott project.
Assay results are shown below:
DDH SC-82 Section 1900W (weighted averages)
|607.5||611.1||3.6||1.6||27.9||0.4||20.2||Massive sulphides (CFO horizon)|
|799.8||826.5||26.7||0.7||5.2||0.4||42.3||Stringers and massive sulphides (Gap Lens)|
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 high grade massive sulphides (1.6% copper and 27.9% zinc) discovered at a depth of 607.5 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). The 26.7 metre interval at a depth of 799.8 metres is interpreted as being part of the newly discovered Gap Lens and suggests continuity along a strike length of at least 100 metres for the Gap Lens (Figure 1).
Company president Gérald Riverin stated: “We are very excited with the results of SC-82. In particular, while the 27 metre mineralized interval in the Gap Lens is very encouraging, the high grade massive sulphides intersected on what could be the extension of the CFO Lens showed up as a bonus on our drilling program on the Gap Lens. Because of its high grades and shallower depth, and subject to confirmation by further drilling, this new zone could become a significant development at the Scott 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 completing the sampling of yet another hole that was recently completed down-dip of SC-82.
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.
Gerald Riverin, Ph D., P. Geo
Yorbeau Resources Inc.
G. Bodnar Jr.
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