MONTRÉAL, QUÉBEC–(Marketwired – March 31, 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-83W intersected two distinct massive sulphide intervals within the Gap Lens, and one narrow but high grade “vein-type” mineralized interval hosted by intrusive rocks. These mineralized intervals, as were all intercepts released by the Company since June 2015, are located outside of the mineral resources as currently estimated (Figure 1 is available at the following link: http://media3.marketwire.com/docs/1048981_Scott_Project.pdf) at the Scott project.
Assay results are shown below:
DDH SC-83W Section 1950W (weighted averages)
|956.5||974.5||18.0||0.3||10.9||0.3||33.5||massive sulphides (Gap Lens-south)|
|980.6||982.6||2.0||–||22.7||–||7.6||remobilized (vein) 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.
Hole SC-83W is a wedge-cut drilled up-dip from original hole SC-83 (press release of March 2, 2016) and is part of the on-going 2016 program which consists in acquiring enough drill data at a nominal 50 metre spacing to initiate a revised resources estimate. The presence of two distinct parallel zones of massive sulphides in the Gap Lens is a pattern that is now seen in at least six of the 9 holes that hit the Gap Lens so far (Figure 1 is available at the following link: http://media3.marketwire.com/docs/1048981_Scott_Project.pdf). Forthcoming drilling will help confirm whether there is sufficient continuity in the two parallel zones to include both of them in the mineral resource model.
Company president Gérald Riverin stated: “We continue to be very encouraged with the on-going drilling program and particularly with the cumulating indications of the presence of two parallel zones that could ultimately be included in the mineral resource model. 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).
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 Minerals of Val-d’Or, 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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