MONTREAL, OCTOBER 5, 2022 (GLOBE NEWSWIRE) — Yorbeau Resources Inc. (TSX: YRB)(“yobo” or “Company) is pleased to announce the progress of its exploration program that commenced in late August 2022 at its wholly owned Scott property near Sibgamau, Quebec.
As of 5 October 2022, three holes totaling 2,615 meters have been excavated on the site. During this ongoing program, the company will develop his 6.6 well-mineralized sulfides rich in chalcopyrite (copper) and sphalerite (zinc), centered at a vertical depth of approximately 925 meters. Found a zone of meters. The sulfide zone has so far intersected two of his boreholes about 60 meters apart, and a third borehole is underway. This sulfide zone coincides with a modeled 150 x 150 meter electromagnetic conductor located 300 meters west of the known Scott Lake deposit. The average thickness of this zone is currently unknown. In fact, according to interpretation and modeling by his Inter-Géophysique of Rosemer, Quebec, his two holes intersecting the conductor only scratched the surface of the electromagnetic conductor’s eastern extremity (EST). Current drilling targets the center of the conductor to determine the potential size of the lens.
Mr. Laurent Hallé, P.Geo., Geologist and Qualified Person for National Instrument 43-101 purposes with respect to the technical information reported, has read and approved this press release.
About Yobo Resources
The Rouyn 100% owned property includes four known gold deposits in the six-kilometer-long Augmitto-Astoria Corridor located in the western part of the property. The company signed a definitive agreement in December 2018 giving his IAMGOLD the option to acquire his 100% interest in Rouyn’s assets and has a major drilling program underway at the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and are the subject of technical reports containing resource estimates submitted pursuant to NI 43-101.
Additional information about the company is available on the company’s website at http://www.yorbeauresources.com.
|For more information, please contact:
|G. Bodner Jr.
|Laurent Halle P. Gio
|President, Chief Financial Officer
|Yobo Resources Co., Ltd.
|Yobo Resources Co., Ltd.
|Phone: 514 384 2202
|Phone: 819 629 9758
|North America Toll Free: 1 855 384 2202
Forward-Looking Statements: Other than statements of historical fact, all statements contained in this news release include statements regarding the potential discovery of new lenses, official drilling results, future plans and objectives. Forward-looking statements that involve, but are not limited to, risks and uncertainties. There is no guarantee that such statements are 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, except as required by applicable securities laws.
Yorbo discovers a new lens of copper and zinc on the western side of the Gwilym Fault on the Scott Lake property of Sibgamau, Quebec, Canadian Business Journal
Source link Yorbo discovers a new lens of copper and zinc on the western side of the Gwilym Fault on the Scott Lake property of Sibgamau, Quebec, Canadian Business Journal