Yorbeau Provides Update on Lake Gamble Drilling at the Rouyn Property
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 03/05/12 -- Yorbeau Resources Inc. ("Yorbeau") (TSX: YRB.A) is pleased to report progress on the drilling program at the Lake Gamble target on its Rouyn property.
A total of five holes have been completed to-date for a total of 1,965 metres. The program is designed to fill in large spaces in between existing drill holes on the Lake Gamble discovery with the objective of having a NI 43-101 compliant resource estimate later in the year.
Assays have been received for three holes and are presented in the table below:
The mineralized zone consists of abundant quartz-carbonate veining, green mica (fuschite), brown tourmaline and traces of arsenopyrite. All three holes contain visible gold, including hole 571 which contains several small specks over a 5 metre core length. 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 70-80% of core length.
Drilling is currently on-going with one drill rig. It is expected that this drilling will be completed by the end of September to be followed by a resource estimate on the Lake Gamble and Cinderella deposits.
Work is carried out by technical personnel of Yorbeau, under the supervision of Laurent Halle, P.Geo. who has reviewed and approved the content of this release. He is a qualified person (as defined by National Instrument 43-101) and has more than 31 years of experience in mineral exploration.
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. Given the visible gold in hole 12-GA-571, metallic sieve analysis was performed and is reported in the above table. 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.
Upcoming Events
Technical staff of Yorbeau will be present at the 2012 PDAC in Toronto, Ontario. We will be showing recent drill core from the Lake Gamble drilling. We look forward to meeting you at this event:
March 6 - 7, 2012 - Investors Exchange - Level 800 Booth # 2616-B
About Yorbeau Resources Inc.
The raison d'etre 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.
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.
Contacts:
Thomas L. Robyn, Ph.D.
Chairman of the Board
Yorbeau Resources Inc.
(514) 384-2202
Toll free in North America: 1-855-384-2202
G. Bodnar Jr.
Director
Yorbeau Resources Inc.
(514) 384-2202
Toll free in North America: 1-855-384-2202
David Crevier
President and CEO
Yorbeau Resources Inc.
(514) 284-3663
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Datum: 05.03.2012 - 14:00 Uhr
Sprache: Deutsch
News-ID 121569
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Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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