Yorbeau intercepts 5.6 g/t Au over 6.0 metres and increases mineralized envelope by 30%
Montréal, January 24, 2013- Yorbeau Resources Inc. ("Yorbeau") reports that its 2012 drilling campaign comprised 34 holes and 2 wedge-cuts for a total of 14,366 metres. All of these holes were drilled on the Lake Gamble Zone of the Rouyn Property and have confirmed the continuity of the gold bearing structures in this area resulting in an increase of the known mineralized envelope by about 30% compared to the previous year. The Lake Gamble Zone remains open to the east and to the west, and especially at depth as indicated by drill hole 12-GA-579 (see press release of September 6, 2012). The last hole in the program, 12-GA-602, returned a value of 5.6 g/t Au over 6.0 metres at a vertical depth of 230 metres.
In the coming weeks the technical staff of Yorbeau will devote itself to compiling and interpreting the results from the 2012 drilling program. These results will then be incorporated into a new resource estimate compliant with NI 43-101 which the Company intends to commission in the near future. This resource estimate will comprise the Lake Gamble and Cinderella Zones on the Rouyn Property which cover a strike length of approximately 3 km along the Cadillac Larder Lake Break (CLLB). These new resources will then be added to the known resources on the adjoining Augmitto and Astoria blocks for a global estimate of the ounces of gold contained on the western half of the Rouyn Property. In 2013 Yorbeau intends to continue exploring the numerous gold targets located on the property with an aggressive drilling program. It is expected that the program will also comprise drilling on the 6 km of largely virgin ground straddling the CLLB in the eastern half of the Rouyn Property.
Highlights of the recent drilling include the following assay drill holes:
|Drill Hole||From (m)||To (m)||Core Length (m)||Au g/t||Zone||Remarks|
|117.0||137.0||20.0||2.6||Piché||73 specks of VG over 20 m|
|12-GA-602||298.0||304.0||6.0||5.6||Piché||17 specks of VG over 5 m|
The locations of the holes are shown on the attached figure. Although true width of the mineralized zones cannot be established with accuracy given the large spacing between holes, it is estimated that it may represent about 70% of core length.
The 2012 drilling program comprised a drilling pattern such that the piercing points of the various drill holes are located no more than 100 metres apart. This spacing should permit the estimation of resources in the inferred category under NI 43-101.
The qualified person under National Instrument 43-101 is Laurent Hallé, P.Geo., who has reviewed and approved the content of this release.
Samples are analyzed at ALS Chemex Laboratories in Val d'Or, Quebec. All samples are analyzed by standard fire assay. Samples returning more than 3 g/t are re-analyzed by fire assay with a gravimetric finish. Yorbeau has implemented a QA/QC program that consists of inserting blanks and gold standards in batch samples being sent to the assay laboratory. Selected pulp samples will also be re-analysed by a different laboratory.
About Yorbeau Resources Inc.
A recently completed comprehensive report on the Company may be found on the Company's new website at www.yorbeauresources.com. The raison d'être of Yorbeau is to identify a world class gold deposit in a major mining camp. Against the backdrop of a market that is steadily more welcoming for gold, Yorbeau is poised to significantly increase the known gold resources on its properties in Northern Quebec.
For further information, please contact:
President and CEO
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.