Yorbeau Identifies Unreported Mineralization in Historical Holes With Assays Up to 9.7 g/t Au Over 6.0 Metres at Rouyn Property
23 July 2014 - 9:30PM
Marketwired Canada
Yorbeau Resources Inc. (TSX:YRB.A) (the "Company" or "Yorbeau") is pleased to
provide an update on the balance of the current 2014 exploration program at the
Rouyn project.
As part of a modelling exercise, 5 historical holes from a 1995 drilling program
on the Astoria block were selected for additional sampling. This exercise has
resulted in both the identification of new mineralization and the expansion of
known historical zones. In particular, a significant new interval assaying 9.7
g/t Au over 6.0 m was identified in hole AS95-9037. This interval, which had not
been sampled in 1995, has confirmed the current structural interpretation. The
new mineralized intervals from the historic holes are shown below:
TABLE 1
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Hole From To Core length (m) Au (g/t)
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AS95-7025 49.0 55.0 6.0 1.6
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AS95-9041 34.5 38.3 3.8 1.0
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51.8 53.8 2.0 2.3
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97.0 104.0 7.0 1.1
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AS95-9040 57.1 67.3 10.2 0.9
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AS95-9037 27.0 29.0 2.0 1.0
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63.9 95.5 31.6 2.5
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Including 72.0 78.0 6.0 9.7
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84.0 86.0 2.0 4.5
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AS95-7032 79.5 85.5 6.0 1.8
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The following Table 2 summarizes the results of the sampling program,
incorporating the new assays to the historical assayed intervals:
TABLE 2
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2014 Assay Results 1995 Assay Results
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Hole From To Length g/t Au From To Length g/t Au
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AS95-7025 33.4 55.0 21.6 2.8 33.4 50.0 16.6 3.2
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AS95-9041 33.0 46.8 13.8 30.0 41.3 46.3 6.5 60.1
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51.8 53.8 2.0 2.3 not sampled
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97.0 104.0 7.0 1.1 not sampled
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AS95-9040 54.5 67.8 12.8 1.0 54.5 57.1 2.6 1.6
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AS95-9037 27.0 29.0 2.0 1.0 not sampled
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62.4 78.0 15.6 4.1 62.4 63.9 1.5 1.5
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Including
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72.0 78.0 6.0 9.7 not sampled
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84.0 86.0 2.0 4.5 not sampled
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90.0 99.7 9.7 3.8 95.5 99.7 4.2 7.7
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AS95-7032 71.7 85.5 13.8 1.7 71.7 79.5 7.8 1.5
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True thickness is difficult to estimate as these historic holes were drilled
from underground with highly variable orientations. However, the thickness
typically represents 50 to 75% of core lengths.
The location of the drill holes is shown on the attached longitudinal section at
the following address:
http://media3.marketwire.com/docs/140723_YRB_LONGITUDINALE_ASTORIA.pdf
David Crevier, President and CEO commented "These latest findings combined with
recent holes confirm that Astoria has significant untested potential. Hole
AS-14-645 which intersected 9.1 g/t Au over 9.0 m (please see release dated July
8, 2014) opens up the deposit to the east and hole AS-14-636 which intersected
4.1 g Au/t over 5.0 m (please see release dated July 16, 2014) opens up the
deposit at depth. Our more systematic approach continues to underscore the
potential at the Rouyn Property. I look forward to updating shareholders as we
position the Company to unlock the potential at the Rouyn Property."
The qualified person under National Instrument 43-101 is Laurent Halle, P.Geo.,
who has reviewed and approved the content of this release.
Samples were analyzed at ALS Chemex Laboratories in Sudbury, Ontario, by fire
assay with atomic absorption and gravimetric finish. The sampling and assaying
program was subjected to Yorbeau's QA/QC program that includes inserting blanks
and gold standards in batch samples being sent to the assay laboratory.
About Yorbeau Resources Inc.
The Company's 100% controlled Rouyn Property contains four known gold deposits
in the 6-km-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 focus of NI 43-101 technical
reports that include resource estimates.
More information on the Company may be found on the Company's website at
www.yorbeauresources.com. The raison d'etre of Yorbeau is to identify a world
class gold deposit in a major mining camp.
Forward-looking statements: Except for statement of historical fact, all
statements in this news release, without limitation, regarding new projects,
acquisitions, 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Yorbeau Resources Inc.
Francois Perron
Vice President, Corporate Development
416-312-4811
fperron@yorbeauresources.com
Yorbeau Resources Inc.
G. Bodnar Jr.
Director
514-384-2202 or Toll free in North America: 1-855-384-2202
gbodnar@yorbeauresources.com
www.yorbeauresources.com
Renmark Financial Communications Inc.
Laurence A. Lachance: llachance@renmarkfinancial.com
Farialle Pacha: fpacha@renmarkfinancial.com
(416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com