Yorbeau Resumes Diamond Drilling at the Scott Lake Project
MONTRÉAL, QUÉBEC--(Marketwired - Aug. 4, 2015) - Yorbeau Resources Inc. (TSX:YRB.A) (the "Company" or "Yorbeau") is pleased to announce that drilling at the Scott Lake Project in the Chibougamau mining camp of Quebec resumed today with one drill rig.
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).
Three (3) holes of the 2015 program at Scott Lake have been completed to date and all three have intersected massive sulphides over significant core lengths and with various grades of copper, zinc, silver and gold (see press releases of June 16 and July 9, 2015). Significantly, the sector where the drilling was done is centered between the West Lens and the deeper CFO Lens, which is an area strategically located where there was also an undrilled "gap" in the property, hence the name "Gap Lens" for the new zone.
The results of subsequent borehole geophysical data in the three 2015 holes seem to support the presence of a conductive body of "significant size" associated with the massive sulphide intercepts. Consequently, the Company has decided to drill the new discovery with enough detail (+/- 50m spacing) to be able to carry out a preliminary resource estimate on the Gap Lens. Approximately thirteen (13) new intercepts will be obtained within an area of about 400m by 600m, in a combination of new holes and of several wedge-cuts from existing holes.
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 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 information on the Company may be found on the Company's website at www.yorbeauresources.com.
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.
Contact
Gerald Riverin
President
Yorbeau Resources Inc.
819 279-1336
G. Bodnar Jr.
Director
Yorbeau Resources Inc.
514-384-2202
Toll free in North America: 1-855-384-2202
www.yorbeauresources.com