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Yorbeau Resources Inc.
Summary
| Project: | Scott Lake | |
|---|---|---|
| Deposit: | Gap Lens | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 11/23/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-11-2016: Yorbeau Resources Inc. announces an Exploration/Drilling Update report for its Gap Lens deposit at the Scott Lake project. Drilling results incl. 20.6m @ 0.7% Cu, 5.9% Zn, 1.0g/t Au, 50.9g/t Ag from 927.7m. Montréal, November 23, 2016 - Yorbea | |
| Resources: | (Resource, Inf.): 5.45Mt @ 1.2% Cu, 4.6% Zn, 0.2g/t Au, 34g/t Ag | |
| CP/QP: | [Overall Report]: Gerald Riverin (Internal) | |
| ABSTRACT: | Montréal, November 23, 2016 - Yorbeau Resources Inc. (TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to report on recent diamond drilling results at its 100% owned Scott Lake project in Quebec. Drill hole SC-87W3 intersected a 20.6 metre long interval of combined stringer and massive sulphides in the course of the follow-up program to test the eastern extension of the Gap Lens. This hole was a followup of hole SC-87W2 which had intersected over 46 metres of massive sulphides (press release of October 20, 2016). This mineralized interval, as were all previous intercepts released by the Company on the Gap Lens, are located outside of the mineral resources as currently estimated at the Scott project (see attached Figure 1). As this is still preliminary drilling on the above mineralization, the exact shape and true width cannot be determined with certainty and the core lengths displayed in the above table do not represent the true thickness of the mineralization. However, at the depth of the mineralized zone, the dip of the hole was at 25 degrees and the horizontal thickness therefore represents 18.6 metres. Hole SC-87W3 was a wedge-cut about 32 metres above hole SC-87W2 (see attached Figure 1). Company president Gérald Riverin stated: “We are happy to see with this last hole that the spectacular 46 metre length of the massive sulphides interval reported last month in SC-87W2 was more than an odd occurrence, and that substantial mineralized widths may be indeed building up in that eastern sector. Two additional holes are planned in 50 metres step-outs further to the east.” The revised resource estimate is progressing with Roscoe Postle Associates (RPA) and field visits and drill core reviews were completed by RPA in late October. | |
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