Yorbeau initiates diamond drilling program on the Selbaie West property
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Montréal, March 2, 2015 - Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to announce that drilling at the Selbaie West Property in northwestern Quebec started on February 27 with one drill rig. The first hole is already completed and the Company plans to drill 7 holes totalling 2,500 metres to test several geophysical and geological targets. The drill targets include following-up a silver discovery made by Cogitore in 2012 and which returned 174 g/t silver (over 5 ounces of silver per tonne) over a core length of 5.4 metres. Drilling at the Selbaie West Property is the first phase of the Company’s 2015 exploration program budgeted at $1.4 M and which will comprise 7,500 metres of diamond drilling in 4 projects.
The Selbaie West property is owned 100% by Yorbeau, subject to a back-in agreement with First Quantum Minerals Ltd (successor of Inmet Mining). It is located 8 kilometres west of BHP Billiton’s past producing Selbaie mine and covers 12 kilometres of strike length. The drill targets are located in the same volcanic rock stratigraphic package that hosted the Selbaie mine.
According to public files of the Quebec government, over 53 Million tonnes were mined at Selbaie (both from underground and open pit) over a 23 year mine life (1981-2004), which places this mine in the upper 5% of volcanic massive sulphide deposits (VMS) in terms of ore tonnage. Total metal production over that period amounted to 510,936 tonnes of copper; 1,011,227 tonnes of zinc; 992,477 ounces of gold and 69.7 million ounces of silver. Selbaie West is an exploration project with potential for copper, zinc, gold and silver.
Work is carried out by the personnel of Yorbeau, under the supervision of Gérald Riverin, Ph D, 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.
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.
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.