Yorbeau Initiates Diamond Drilling Program on the Scott Lake Project
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 05/06/15 -- 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 started 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).
Recent interpretation work at Scott Lake led to the identification of a fault that seems to cut off the West Lens with an apparent left-handed displacement (to the south), and of a strong conductor located precisely where the West lens (764,000 tonnes grading 0.8% copper, 9.8% zinc, 0.2 g/t gold and 38 g/t silver) seems to have been displaced. This sector is centered between the West Lens and the deeper CFO Lens (377,000 tonnes grading 2.4% copper, 4.8 % zinc, 0.3 g/t gold and 43 g/t silver). In addition, this target area is significantly located where there is an important undrilled gap between the West and CFO lenses. The current drilling program will be specifically targeting the geophysical conductor in this sector. Considering that the best grades in the Scott deposit are located in the vicinity of the interpreted fault, Yorbeau management believes that this target could become a game changer for the project and for Yorbeau.
Work is carried out by the personnel of Yorbeau, under the supervision of Gerald Riverin, Ph D., 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 .
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:
Gerald Riverin, Ph D., P. Geo
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
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Datum: 06.05.2015 - 13:42 Uhr
Sprache: Deutsch
News-ID 391384
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contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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