MONTREAL, July 14, 2020 /CNW/ - Yorbeau Resources Inc.
(TSX: YRB) ("Yorbeau" or the "Company") is pleased to
announce that diamond drilling has resumed at its KB project in the
Chibougamau area of Quebec.
The KB project is highly prospective for zinc and copper due to
the presence of a historic high–grade prospect associated with a
massive sulphide stratigraphic horizon hosted within mafic and
felsic volcanics. The property appears to have a geological setting
similar to that found at the past producing Lemoine mine and at
Yorbeau's Scott project, including high grade VMS-style
mineralization, presence of felsic tuffs and potential for high
synvolcanic heat flow resulting from the proximity of the Lac Doré
Complex (Figure 1).
The current drilling program is a follow-up on a 2019 drilling
data compilation that to led to a better understanding of
stratigraphy and particularly the location of the KB prospective
horizon (see news release dated February 27,
2020). One drill rig is currently in operation and
approximately 1,500 metres of drilling are planned to test three
high priority targets (Figure 2) as described below.
Target #1
In 2019, hole KB-02 was drilled 25 metres below the Icon showing
to better understand the geometry, stratigraphy and confirms
historical grades obtained by Icon Sullivan in 1967. KB-02
intersected 1.4 meters of massive sulfides grading 0.9% copper,
10.5% zinc, 0.1 g/t gold and 34 g/t silver. Borehole geophysics
modeling shows a 150 metre by 300 metre strongly conductive plate
located along the KB horizon at a 200 metre depth east of the Icon
showing (Figure 3).
Target #2
Hole KB-05 intercepted another prospective horizon located 100
metres south of KB horizon, returning 2.8% copper, 1.3% zinc, 0.3
g/t gold and 30 g/t silver over 0.2 metres. This new horizon,
called KB south, corresponds to a semi-massive sulfides zone hosted
by an intermediate bedded tuff. Mineralization is open to the east
where a borehole geophysical plate has been modelized.
Target #3
This target corresponds to the eastern part of the KB horizon
that has been shifted by a NNE trending fault and where several
untested VTEM anomalies are located.
Yorbeau has implemented rigorous safety protocols in order to
prevent the spread of COVID-19 which are in line with
recommendations from the National institute of public health of
Quebec (INSPQ) and the Commission
des normes, de l'équité, de la santé et de la sécurité du travail
(CNESST).
Work is carried out by the personnel of Yorbeau, under the
supervision of Sylvain Lépine, M.Sc, P.Geo. He is a qualified
person (as defined in National Instrument 43-101 – Standards of
Disclosure for Mineral Projects ("NI 43–101")) and
has reviewed and approved the content of this release.
About Yorbeau Resources Inc.
Yorbeau Resources is a diversified mining exploration company
with an enviable portfolio of exploration properties in
Quebec. The exploration projects
comprise both gold and base metal projects, and the strategic focus
of the Company is on projects located in areas easily accessible
and with infrastructure. The wholly-owned Rouyn Property is the
Company's main gold asset and contains four known gold deposits in
the 6 km long Augmitto-Astoria corridor situated on the western
portion of the property. The Company signed a definitive agreement
in December 2018, whereby IAMGOLD has
the option to acquire a 100% interest in the Rouyn property, where
very encouraging drilling results were obtained in 2019 and 2020.
The base metal assets include the Scott Project, which bears
important mineral resources (see the press release dated
March 30, 2017) and on which a
positive Preliminary Economic Assessment was recently
completed.
For additional information on the Company, consult its website
at www.yorbeauresources.com.
Forward-looking statements: Except for
statement of historical fact, all statements in this news release,
including without limitation, regarding the prospects of the KB
project, drilling results, future plans and objectives are
forward–looking statements which involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially
from those anticipated in such statements. Yorbeau disclaims any
obligation to update such forward-looking statements, other than as
required by applicable securities laws.
SOURCE Yorbeau Resources Inc.