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Yorbeau Resources Inc.
Summary
| Project: | Rouyn | |
|---|---|---|
| Deposit: | Rouyn | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-9-2017: Yorbeau Resources Inc. announces an Exploration/Drilling Update report for its Rouyn deposit at the Rouyn project. Drilling results incl. 30.1m @ 5.4g/t Au from 507.3m. Montréal, September 19, 2017 - Yorbeau Resources Inc. (TSX: YRB) (the “Comp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gerald Riverin (Internal) | |
| ABSTRACT: | Montréal, September 19, 2017 - Yorbeau Resources Inc. (TSX: YRB) (the “Company” or “Yorbeau”) is pleased to provide an update on the Company’s 100% owned Rouyn property (“Property”) in Quebec, Canada, where its partner Kinross Gold Corporation (“Kinross”) has now completed 24,149 metres of drilling. As a part of an option agreement (press release dated October 25, 2016) Kinross committed to spend C$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 C$3 million commitment reflects cost efficiency related to favorable project location and to cost control made possible by a great collaboration between Kinross and Yorbeau staff. The Kinross drill program focussed 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 Piché Group. A recent intercept at Astoria in hole AS-17-678 suggests that the Footwall and Lower Piché 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 below. Drill hole locations are shown on the attached longitudinals (Figures 1 and 2). | |
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