Yorbeau reports 4.6 metres of 19.4% zinc at Scott Project and extends drilling program
Montréal, June 13, 2016 - 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.
Drill hole SC-85W, which was the second last hole in the 2016 program, intersected high grade zinc in massive sulphides at the western edge of the Gap Lens. This mineralized interval, as were all intercepts released by the Company since June 2015, is located outside of the mineral resources as currently estimated (see attached Figure 1) at the Scott project.
Assay results are shown below:
DDH SC-85W Section 2050W(weighted averages)
|From (m)||To (m)||Length (m)||Cu %||Zn %||Au g/t||Ag g/t||Remarks|
As this is still preliminary drilling on the above mineralization, the exact shape and true width cannot be determined with certainty. The core lengths obtained may not reflect the true width of the mineralization.
Hole SC-85W is a wedge-cut drilled up-dip from original hole SC-85, completed in the last month, and is part of the on-going 2016 program which consists in acquiring enough drill data at a nominal 50 metre spacing to initiate a revised resources estimate. Prior to SC-85W, holes SC-84 and SC-85 were drilled, specifically to test for down plunge extensions of the Gap Lens, but did not encounter mineralization (see attached Figure 1). As shown in Figure 1, and as supported by borehole geophysics, the Gap Lens is presently thought to be cut-off or have ended to the west around section 2050W.
However, borehole geophysics clearly shows potential extension at depth below SC-83, and also at shallower depth to the east. In particular, geophysical vectors as well as computer modelling of the data in surrounding holes SC-31 and SC-31W2 clearly suggest strong conductivity to the east. The Company has therefore decided to extend the planned program and drill two additional holes totalling approximately 1,500 metres to the east on section 1800W prior to initiating the revised resource estimate.
Hole SC-86, located about 50 metres west of SC-82 (Figure 1), was completed on June 10 and was the last hole of the initial planned program. It was sampled and assays will be released in late June. The additional drilling will start immediately after a short break for the drilling crew.
Company president Gérald Riverin stated: "We continue to be very encouraged with the on-going drilling program and hitting high grade zinc in SC-85W near the western edge of the lens is certainly considered a positive development. By extending the planned program with two more holes we realize that the revised resource estimate is going to be delayed by a few weeks. However, success in these two holes would lead to a further increase in mineral resources, which is the ultimate objective of the program. We are looking forward to pursuing drilling in this sector."
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 selected for assay was split in half. Half of the core was shipped in sample bags to Techni-Lab S.G.B. Abitibi Inc. (ACTLABS) of Ste-Germaine-Boulé, Quebec, 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 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. The newly acquired base metal properties include Scott Lake which hosts important mineral resources.
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.
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.