MONTRÉAL, March 19, 2020 /CNW
Telbec/ - Yorbeau Resources Inc. (TSX: YRB) (the
"Company" or "Yorbeau") is pleased to announce that a
geophysical survey was completed on the Company's Beschefer
property located in northwestern Quebec, approximately 140 kilometers northeast
of the town of La Sarre and 190
kilometres west of Matagami. The
property is easily accessible via public and forestry roads that
provide access to the former Selbaie Mine located approximately 10
kilometres to the northwest (Figure 1).
During February 2020,
Abitibi-Géophysique, using their OreVision technology, completed a
7.6 kilometer induced polarization (I.P) survey. The objective was
to confirm and refine some I.P anomalies outlined by Billiton
Canada in 1997 on the northern part of the property. The 2020
survey was designed to test the presence of chargeability anomalies
close to the Brouillan pluton where the extension of B14 fault is
interpreted (Figure 2). B14 fault is known for hosting gold
mineralization and particularly the B14 gold zone, where highest
grade intersections included: 55.63 g/t Au over 5.57 meters and
13.07 g/t Au over 8.75 meters (please refer to the Wallbridge
website). The results of the I.P survey show an E-W axes with weak
chargeability highs located along the B14 fault projection on
Yorbeau's Beschefer property (Figure 3). Furthermore, in
March 2020, six new claims were
acquired in order to fully cover theses anomalies located in the
northern part of the property.
Importantly, the B14 gold zone shows a relatively flat dip to
the south and consequently, the extension at depth could occur on
Yorbeau's Beschefer property. Yorbeau's technical team is compiling
data to refine a geological model and to target areas with the best
gold potential.
G. Bodnar Jr., Company president commented: "So far, the
Beschefer property has been explored by Yorbeau mostly for base
metals along the B26 horizon. We are excited that recent work in
the region indicates an excellent potential for gold, and our focus
will now be to explore potential B14 extensions on Yorbeau's
claims".
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 by National Instrument 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. 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
Beschefer property, 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.
