Another hit of massive sulfides confirms discovery of new lens at Scott Lake
Montréal, July 9, 2015 - Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to report on exciting developments at its 100% owned Scott Lake project in Quebec. The third hole of the program (SC-48E) which represents a step-out of 67m from SC-53W4 (Company’s June 16, 2015 press release) intersected massive sulphides and confirms discovery of a new massive sulphide lens outside of the current mineral resources on a new horizon situated at 60m to the south of CFO lens.
Assay results are shown below:
DDH SC-48E Section 1900W (weighted averages)
|767.3||799.5||32.2||0.3||3.0||0.3||30.4||Massive sulfides, stringers and a few dykes|
|767.3||780.8||13.5||0.4||3.5||0.3||42.2||Massive sulfides, stringers and a few mafic dykes|
|792.0||799.5||7.5||0.2||4.7||0.7||29.7||Massive sulfides and a few dykes|
This new massive sulphides lens is located between the West Lens and the deeper CFO Lens (see attached Figure 1) where there is an important undrilled gap. Three holes drilled so far (SC-53W3, SC-53W4and SC-48E)lead us to believe that this well located new lens couldsignificantly increase tonnage and have positive impact on the economics of the project. At this time the mineralized zone still remains open at least in three directions (up, east and west). Follow-up drilling on this discovery will focus to extend this new lens between these two important already known lenses (CFO and West lenses).
The shape and true width of this new lens cannot be determined with certainty without additional drilling. The core lengths obtained may not reflect the true width of the mineralization.
This recent success confirms that additional massive sulphide lenses may indeed be located on the property.
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 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 Sylvain Lépine, M.Sc, 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 informationon the Company may be found on the Company’s website at www.yorbeauresources.com.
For further information, please contact:
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.