Yorbeau Annonces Beginning of Drilling Program at the Lemoine Project in Chibougamau Camp, Quebec
Yorbeau Annonces Beginning of Drilling Program at the Lemoine Project in Chibougamau Camp, Quebec |
[22-October-2020] |
MONTREAL, Oct. 22, 2020 /CNW Telbec/ - Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the "Company") is pleased to announce that diamond drilling has begun at its Lemoine project in the Chibougamau area of Quebec (Figure 1). The Lemoine Mine is located 25 km south of Chibougamau and produced 0.76 Mt of high-grade massive sulphide ore from 1975 to 1983. With its 4.2% Cu, 9.6% Zn, 4.2 g/t Au and 83 g/t Ag, Lemoine is within the top 1% of all VMS worldwide (in term of grade). The current drilling program is a follow-up of the deepest hole drilled from underground in this sector, hole 12L-27 (drilled in 1980) which has returned a high-grade massive sulphide intersection of 43 cm grading 4.3% Cu, 6.3% Zn and 1.1 g/t Au (see Figure 2 and Yorbeau's news releases dated September 17, 2020). Geophysical modeling of a survey done in the hole LEM-63W (drilled in 2012) shows a strongly conductive plate of 250 Siemens (target #1) located 70 metres below 12L-27. In addition, a second conductor of 70 Siemens (target #2) was detected along the Lemoine horizon, which has been shifted by a mafic dyke (Figure 3). These conductors are open at depth. Two holes for approximately 2500 metres are planned to test these targets and borehole geophysics will be completed in both holes. Work is carried out by the Yorbeau personnel, under the supervision of Sylvain Lépine, M.Sc, P.Geo. He is a qualified person (as defined by National Instrument 43-101) and has prepared and approved the content of this release. About Yorbeau Resources Inc. For additional information on the Company, consult its website at www.yorbeauresources.com. Forward-looking statements: Except for the statement of historical fact, all statements in this news release, including without limitation, regarding the prospects of the Lemoine 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. | ||
Company Codes: Toronto:YRB |
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