Mr.
David Crevier reports
YORBEAU IDENTIFIES UNREPORTED MINERALIZATION IN HISTORICAL HOLES WITH ASSAYS UP TO 9.7 G/T AU OVER 6.0 METRES AT ROUYN PROPERTY
Yorbeau Resources Inc. is providing an update on the balance of the current 2014 exploration program at the Rouyn project.
As part of a modelling exercise, five historical holes from a 1995 drilling program on the Astoria block were selected for additional sampling. This exercise has resulted in both the identification of new mineralization and the expansion of known historical zones. In particular, a significant new interval assaying 9.7 grams per tonne gold over 6.0 metres was identified in hole AS95-9037. This interval, which had not been sampled in 1995, has confirmed the current structural interpretation. The new mineralized intervals from the historic holes are shown in the table.
Hole From To Core length (m) Au g/t
AS95-7025 49.0 55.0 6.0 1.6
AS95-9041 34.5 38.3 3.8 1.0
51.8 53.8 2.0 2.3
97.0 104.0 7.0 1.1
AS95-9040 57.1 67.3 10.2 0.9
AS95-9037 27.0 29.0 2.0 1.0
63.9 95.5 31.6 2.5
Including 72.0 78.0 6.0 9.7
84.0 86.0 2.0 4.5
AS95-7032 79.5 85.5 6.0 1.8
The table summarizes the results of the sampling program, incorporating the new assays with the historical assayed intervals.
2014 assay results 1995 assay results
Hole From To Length Au g/t From To Length Au g/t
AS95-7025 33.4 55.0 21.6 2.8 33.4 50.0 16.6 3.2
AS95-9041 33.0 46.8 13.8 30.0 41.3 46.3 6.5 60.1
51.8 53.8 2.0 2.3 Not sampled
97.0 104.0 7.0 1.1 Not sampled
AS95-9040 54.5 67.8 12.8 1.0 54.5 57.1 2.6 1.6
AS95-9037 27.0 29.0 2.0 1.0 Not sampled
62.4 78.0 15.6 4.1 62.4 63.9 1.5 1.5
Including 72.0 78.0 6.0 9.7 Not sampled
84.0 86.0 2.0 4.5 Not sampled
90.0 99.7 9.7 3.8 95.5 99.7 4.2 7.7
AS95-7032 71.7 85.5 13.8 1.7 71.7 79.5 7.8 1.5
True thickness is difficult to estimate as these historic holes were drilled from underground with highly variable orientations. However, the thickness typically represents 50 per cent to 75 per cent of core lengths.
David Crevier, president and chief executive officer, commented: "These latest findings combined with recent holes confirm that Astoria has significant untested potential. Hole AS-14-645, which intersected 9.1 g/t Au over 9.0 m (please see release dated July 8, 2014), opens up the deposit to the east, and hole AS-14-636, which intersected 4.1 g/t Au over 5.0 m (please see release dated July 16, 2014), opens up the deposit at depth. Our more systematic approach continues to underscore the potential at the Rouyn property. I look forward to updating shareholders as we position the company to unlock the potential at the Rouyn property."
The qualified person under National Instrument 43-101 is Laurent Halle, PGeo, who has reviewed and approved the content of this release.
Samples were analyzed at ALS Chemex Laboratories in Sudbury, Ont., by fire assay with atomic absorption and gravimetric finish. The sampling and assaying program was subjected to Yorbeau's quality assurance/quality control program that includes inserting blanks and gold standards in batch samples being sent to the assay laboratory.
We seek Safe Harbor.
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