Last drill hole at Scott completed – gap lens still open to the east
- 15.3 metres of 7.2% zinc, 0.8% copper and 34.6 g/t silver
Montréal, February 7, 2017 - 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.
(see attached Figure 1).
DDH SC-88W Section 1750W (weighted averages)
|Stringer and massive sulphides (Gap Lens)
Hole SC-88W was a wedge-cut above original hole SC-88 which did not intersect mineralization and ended in barren intrusive rocks of the Chibougamau Pluton at the expected position of the Gap Lens horizon. However, hole SC-88 did intersect mineralization related to West Lens about 80 metres north of the
Gap Lens horizon.
|stringer and massive sulphides (West Lens) with minor mafic dykes
|massive sulphides (West Lens) with minor mafic dykes
As this is still preliminary drilling on the above mineralization, the exact shape and true width cannot be determined with certainty and the core lengths displayed in the above tables do not represent the true thickness of the mineralization. However, at the depth of the mineralized zone in SC-88W, the dip of the hole was at 29 degrees and the horizontal thickness of the Gap Lens mineralization therefore represents 13.4 metres. Hole SC-88W was a wedge-cut about 52 metres above hole SC-88 (see attached Figure 1).
Company president Gérald Riverin stated: "We are pleased to have completed our 18 month drilling program on the Gap Lens which represents an exciting new discovery, and happy to see that the very last hole of the program still intersected over 15 metres of mineralization, showing that Gap Lens still continues further east. The published assays were the last remaining ones to be received on the Gap Lens, and we expect now the on-going revised resource estimate to be released very shortly by Roscoe Postle Associates."
The Scott Lake property, 100% owned by Yorbeau, already hosts a number of polymetallic massive sulphide lenses. A resource estimate on Scott Lake was commissioned by Cogitore Resources and prepared by RPA in 2011. The RPA estimate showed 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). A revised estimate was commissioned by Yorbeau in 2016, and will be completed and filed shortly with a Technical Report.
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 with appropriate standards, duplicates and replicates used for quality control purposes. The other half of the core is retained for future reference. Samples were shipped to Laboratoire ALS Chemex of Val d'Or.
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 NI 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 subject of NI 43-101 technical reports that include resource estimates. The Company recently announced signing an Option Agreement with an affiliate of Kinross Gold Corporation to pursue exploration on the Rouyn Property (see press release dated October 25, 2016). In 2015, the Company 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. The newly acquired base metal properties include Scott Lake which hosts important mineral resources. The Company also owns the Beschefer project immediately adjacent to SOQUEM's B-26 deposit and where, regionally, exploration interest has been increasing.
More information on 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.
Tel : 819-279-1336
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.