Download PDF version | Views all documents on Sedar
Montréal, June 16, 2015- Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) is pleasedto report on exciting developments at its 100% owned Scott Lake project in Quebec. The second hole of the program intersected zinc-rich massive sulphides which may, upon confirmation by further drilling, represent a new massive sulphide lens outside of the current mineral resources. Assay results are shown below:
DDH SC-53W4 Section 2000W (weighted averages)
|massive sulphides and a few dykes
The overall mineralized interval consists of volcanogenic massive sulphides cut by a few metric mafic dykes which may contain remobilized sulphides. As it is the first and only hole on this zone, the shape and true width cannot be determined with certainty. The core lengths obtained may not reflect the true width of the mineralization.
Prior to drilling SC-53W4, the Company first started the program by drilling SC-53W3 and hit mostly low grade stringer sulphides about 80 metres below the SC-53W4. Interestingly however, these stringer sulphides include highly anomalous gold values over a 49 metre interval as shown below:
DDH SC-53W3 Section 2000W (weighted averages)
The SC-53W4 massive sulphide zone is located between the West Lens and the deeper CFO Lens (see attached Figure 1). As mentioned in the Company’s May 6, 2015 press release, this target area is located where there is an important undrilled gap between the West and CFO lenses. The drilling program was specifically targeting a geophysical conductor in this sector and the success encountered is a testimony to the abilities of our technical staff to make discoveries.
Company president Gérald Riverin stated: “We are very excited about this new massive sulphide zone at Scott because it occurs in a strategically located “gap” in the drilling coverage and in the known Scott mineral resources, and also because borehole geophysics suggests that SC-53W4 only hit the edge of a large conductor. Although this is still only the first hole in this new zone, we believe it represents yet another milestone in our objective of increasing mineral resources at Scott Lake. We are looking forward to further testing this new lens and to developing other targets as well.”
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).
Follow-up drilling on the SC-53W4 discovery will be conducted immediately after completing interpretation of borehole geophysics, designing the technical parameters of the planned drill hole and obtaining appropriate permits.
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 Chemex of Val d’Or 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 more than 38 years of experience in mineral exploration. He 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 informationon the Company may be found on the Company’s website at www.yorbeauresources.com.
For further information, please contact:
Gérald Riverin,Ph D., P. Geo
Yorbeau Resources Inc.
G. Bodnar Jr.
Yorbeau Resources Inc.
Toll free in North America: 1-855-384-2202
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.