Yorbeau Intercepts 3.7 g/t Au Over 15 Metres and Continues to Extend the Lake Gamble Zone
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 12/06/12 -- Yorbeau Resources Inc. ("Yorbeau") (TSX: YRB.A) is pleased to provide the latest results from the drilling on the Lake Gamble Zone of its Rouyn Property. The drilling campaign has been ongoing since January 10, 2012 and will conclude in the coming days with drill holes 12-GA-600 and 12-GA-602. A total of 36 holes have been drilled and two wedges have been completed for approximately 14,415 metres of core on the Lake Gamble Zone. Five drill holes have been completed during the month of November, including hole 12-GA-593 which returned a grade of 3.7 g/t Au over 15 metres. The hole has extended the Lake Gamble Zone to the west at depth thereby increasing the mineralized envelope in this area (see the attached longitudinal: ).
The technical staff of Yorbeau is presently completing the logging and sampling of the mineralized intervals encountered in the last seven holes and continues to observe in all holes numerous specks of coarse gold as mentioned in the following table.
The purpose of the 2012 exploration program is to generate the data necessary to permit the preparation of resource estimates on the two targeted zones (Lake Gamble and Cinderella) compliant with NI 43-101. The new resources will be then added to the known resources on the Augmitto and Astoria Blocks for a global estimate of the ounces of gold contained on the Rouyn Property.
Highlights of the recent drilling include the following assay intervals:
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 space in between holes, it is estimated that it may represent about 70% of core length.
The current program comprises 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 Halle, 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 . 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:
David Crevier
President and CEO
Yorbeau Resources Inc.
514-284-3663
G. Bodnar Jr.
Director
Yorbeau Resources Inc.
514-384-2202
Toll free in North America: 1-855-384-2202
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Datum: 06.12.2012 - 12:30 Uhr
Sprache: Deutsch
News-ID 210267
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MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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