01:54:24 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Yorbeau Resources Inc
Symbol YRB
Shares Issued 307,539,013
Close 2017-09-18 C$ 0.09
Market Cap C$ 27,678,511
Recent Sedar Documents

Yorbeau Resources drills 4.1 m of 23.7 g/t Au at Rouyn

2017-09-19 09:21 ET - News Release

Dr. Gerald Riverin reports

YORBEAU REPORTS HIGH GRADE INTERCEPTS, INCLUDING A 30.1 METRE INTERVAL GRADING 5.4 G/T GOLD FROM KINROSS DRILLING ON ROUYN PROPERTY

Yorbeau Resources Inc. is providing an update on the company's 100-per-cent-owned Rouyn property in Quebec, Canada, where its partner Kinross Gold Corp. has now completed 24,149 metres of drilling.

As a part of an option agreement (see press release dated Oct. 25, 2016), Kinross committed to spend $3-million in exploration on the property in the first 18 months, including no less than 12,500 metres of diamond drilling. Yorbeau is very pleased with the amount of drilling done by Kinross as part of the firm commitment. The company considers that the large amount of drilling done within the $3-million commitment reflects cost-efficiency related to favourable project location and to cost control made possible by a great collaboration between Kinross and Yorbeau staff.

The Kinross drill program focused on the Astoria and Lac Gamble deposits with the aim of identifying high-grade shoots at depth within the broad mineralized gold corridor represented by the Piche group. A recent intercept at Astoria in hole AS-17-678 suggests that the Footwall and Lower Piche zones may be merging at least locally, providing significantly wider mineralized zones. This newly interpreted zone called Main zone returned high-grade gold and supports potential to add significant resources at depth. Results are summarized in the table.

Note: Gold grades reported in the table are uncut and depth intervals are core length.

                          ROUYN DRILL RESULTS

Drill hole     From (m)      To (m)      Au (g/t)    Core length (m)

AS-17-669        594.8       598.8           2.7                4.0
AS-17-669        696.8       701.5          11.6                4.7
AS-17-672        690.0       691.5          11.4                1.5
AS-17-676W       495.0       498.0           6.0                3.0
AS-17-676W       507.3       520.3           5.3               13.0
including        507.3       510.9           8.0                3.6
                 516.8       520.3           7.4                3.5
AS-17-678        677.0       707.1           5.4               30.1
including        677.0       682.0           5.3                5.0
                 687.2       691.1           5.0                3.9
                 693.1       697.6           3.0                4.5
                 703.0       707.1          23.7                4.1
AS-17-678W       674.2       678.3          19.3                4.1
including        676.7       677.4         107.0                0.7
AS-17-673        561.5       564.9           1.9                3.4
GA-17-670W       853.0       857.0           2.9                4.0
GA-17-671        843.8       847.2           4.7                3.4
GA-17-671W       796.4       799.4           3.3                3.0

Core lengths are reported in the table. Horizontal widths range 
from about 75 to 85 per cent of core lengths.

Dr. Gerald Riverin, company president, commented: "We are quite enthusiastic about the recent drilling results as they show local improvement in grade and continuity at depth. The possibly wider Main zone at Astoria is the kind of grade and geometry we are looking for, and we are looking forward to finalize the new interpretation and see how it could impact the project."

Work at Yorbeau is carried out under the supervision of Dr. Gerald Riverin, PhD, PGeo. He is a qualified person (as defined by National Instrument 43-101) and has reviewed and approved the content of this release.

The design of the drilling program and quality assurance/quality control is under the control of Kinross's and Yorbeau's geological staff, including qualified persons employing a strict quality assurance/quality control program consistent with NI 43-101 and industry best practices. Drill core is logged and split with half-core samples packaged and delivered to Laboratoire Techni-Lab SGB of Ste-Germaine-Boule, Que. Thorough QA/QC protocols are followed on the project including insertion of duplicate, blank and standard samples in all drill holes. All samples are analyzed by fire assay with an atomic absorption (AA) finish using a 50-gram aliquot of pulverized material. Assays exceeding three g/t Au are reassayed by fire assay with a gravimetric finish. Samples with visible gold are processed with a special protocol involving fine grinding, followed by a four-fraction metallic screen on the entire sample and analysis using a minimum of two 50-gram aliquot on each fraction.

About Yorbeau Resources Inc.

The company's 100-per-cent-controlled Rouyn property contains four known gold deposits in the six-kilometre-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 subject of National Instrument 43-101 technical reports that include resource estimates. The company has signed an option agreement with an affiliate of Kinross Gold Corp. to pursue exploration on the Rouyn property (see press release dated Oct. 25, 2016). In 2015, the company 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.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.