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Yorbeau Resources Inc.
Summary
| Project: | Scott Lake | |
|---|---|---|
| Deposit: | Scott | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 11/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 20-11-2017: Yorbeau Resources Inc. announces a PEA report for its Scott deposit at the Scott Lake project. PEA results incl. pre-tax NPV(8%) of $188M, IRR of 21%, LOM of 15yrs. Roscoe Postle Associates Inc. (RPA) was retained by Yorbeau Resources Inc. (Yo | |
| Resources: | (Resource, Ind.): 3.567Mt @ 0.95% Cu, 4.17% Zn, 37.2g/t Ag, 0.22g/t Au at project | |
| CP/QP: | [Resources]: William Roscoe (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Yorbeau Resources Inc. (Yorbeau) to prepare an independent Technical Report on the Preliminary Economic Assessment (PEA) for the Scott Lake Project (the Project), located in northwestern Québec, Canada. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA most recently visited the Project on June 12 and 13, 2017. The Property consists of three non-contiguous claim blocks consisting of 129 claims covering a total area of approximately 6,337 ha, located approximately 20 km southwest of the town of Chibougamau, Québec, and approximately 500 km north of Montreal, Québec. The property is accessible by a network of secondary roads extending from Highway 113. On February 2, 2015, Yorbeau acquired the Project from Cogitore Resources Inc. (Cogitore). Currently, the Project contains a number of zinc-copper-gold silver massive sulphide and stringer sulphide zones located in northwestern Scott Township. Based on the Mineral Resource estimate prepared by RPA for the Scott Lake Project as of February 14, 2017, the PEA proposes production of 12 million tonnes (Mt) at grades of 4.14% Zn, 0.81% Cu, 27 g/t Ag, and 0.24 g/t Au over 15 years of mine life. With the exception of the Selco zone, Mineral Resources start at approximately 300 m below surface, with the exception of the Selco Zone and continue to depth, hence mining will be by underground methods accessed via a ramp decline. Processing of 2,200 tonnes per day (tpd) mill feed will consist of crushing, grinding, and flotation circuits that will produce copper and zinc concentrates. | |
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