Connect with us

Drilling News

Yorbeau discovers new lens of copper and zinc west of the Gwillim fault on its Scott Lake property, Chibougamau, Quebec

MONTREAL, Oct. 05, 2022 (GLOBE NEWSWIRE) — Yorbeau Resources Inc. (TSX: YRB), (“Yorbeau” or the “Company”) is pleased to announce the progress…

Share this article:

Published

on

MONTREAL, Oct. 05, 2022 (GLOBE NEWSWIRE) — Yorbeau Resources Inc. (TSX: YRB), (“Yorbeau” or the “Company”) is pleased to announce the progress of the exploration program initiated in late August 2022 on its Scott property near Chibougamau, Quebec 100% owned by the Company.

As of October 5, 2022 three holes have been drilled on the property for a total of 2,615 meters. During this program, which is still ongoing, the company discovered a well mineralized 6.6 meters zone of sulphide rich in chalcopyrite (copper) and sphalerite (zinc) centered at a vertical depth of about 925 meters. The sulfide zone has so far been intersected by two drill holes, about 60 meters apart and a third is being executed. This zone of sulfide coincides with a modeled electromagnetic conductor 150 by 150 meters, 300 meters west of known Scott Lake deposit. The average thickness of this zone is not known at this moment. Indeed, the two holes that intersected the conductor only scratched the surface of the eastern edge (EST) of the electromagnetic conductor, according to our interpretation and the modeling made by Inter-Géophysique from Rosemère in Quebec. The current drilling is now targeting the center of the conductor in order to determine the potential size of the lens.

Mr. Laurent Hallé, P.Geo., Consulting geologist and qualified person for the purposes of National Instrument 43-101 with respect to the technical information being reported on has read and approved this press release.

About Yorbeau Resources

The 100% owned Rouyn property contains four known gold deposits in the six-kilometre-long Augmitto-Astoria corridor located in the western part of the property. The Company signed a definitive agreement in December 2018 that gives IAMGOLD the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway on the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the subject of technical reports that include resource estimates and have been filed in accordance with NI 43-101.

Additional information about the Company is available on its website, http://www.yorbeauresources.com.   

For more information, please contact:
     
G. Bodnar Jr.   Laurent Hallé P. Geo
President, Chief Financial Officer   Senior Consultant
Yorbeau Resources Inc.   Yorbeau Resources Inc.
[email protected]   [email protected]
Tel: 514 384 2202   Tel: 819 629 9758
     
Toll free in North America: 1 855 384 2202

Forward-looking statements: Except for the statement of historical fact, all statements in this news release, including without limitation, regarding the potential discovery of new lens, formal 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 information unless required by applicable securities laws.

 

drilling
tsx-yrb
yorbeau-resources-inc
yorbeau resources inc
press-release

Share this article:

Base Metals

Valhalla Metals reports 21 metres of 6.84% CuEq at Sun Project, Alaska

Valhalla Metals Inc. [TSXV-VMXX; OTCQB-VMXXF] reported assay results from four diamond drill holes totaling 1,104…

Share this article:

Published

on

Continue Reading
Companies

Capella Announces Definitive Agreement for the Sale of is Central Norway Copper-Cobalt Projects to NickelX and Financing Update

Capella Announces Definitive Agreement for the Sale of is Central Norway Copper-Cobalt Projects to NickelX and Financing Update
Canada NewsWire
VANCOUVER, BC, Oct. 17, 2023

VANCOUVER, BC, Oct. 17, 2023 /CNW/ – Capella Minerals Ltd (TSXV: CMIL) (OTC…

Share this article:

Published

on

By

Continue Reading
Drilling News

Canada Silver Cobalt Works Confirms Pegmatites up to 20 meters wide and 70 meters long at Sangster West

 

Pegmatite Confirmations and Advanced Geochemical Insights Propel Exploration Success

Coquitlam, BC – TheNewswire – October 17, 2023 – Canada Silver…

Share this article:

Published

on

By

Continue Reading

Trending