The Company announces drilling results on its new discovery west of the Gwillim fault on its
A sixth drill hole during last fall's campaign intersected 1.64 meters of massive sulphide grading 7.7% zinc and nearly 1 ounce/ton of silver before encountering the Gwillim fault. This massive zone is possibly an extension of the Gap zone east of the Gwillim fault.
The last hole of the fall 2022 campaign (SC-93) was also subject to a geophysical survey. The results have just been interpreted and they indicate a robust response of the mineralized zone plunging eastward for a hundred meters. In addition to the discovery mineralization, two other weaker conductors were identified at 755 and 800 meters along the borehole. These two conductors coincide with cherts and low sulfide mineralization which could therefore indicate two new horizons favorable for copper and zinc sulfide mineralization.
Holes | Zone | Length | Cu % | Zn % | Ag once/t | Au once/t |
SC-93 | GWILLIM WEST | 6,7 | 0,24 | 1,76 | 0,28 | 0,003 |
SC-95 | GWILLIM WEST | 0,75 | 0,70 | 3,74 | 1,22 | 0,020 |
SC-95W | GWILLIM WEST | 6,66 | 0,98 | 6,35 | 1,36 | 0,011 |
SC-95W1 | GWILLIM WEST | 0,78 | 0,25 | 1,86 | 0,25 | 0,006 |
SC-95W1 | GWILLIM WEST | 2,80 | 0,36 | 1,88 | 0,58 | 0,002 |
SC-95W2 | GWILLIM WEST | 3,30 | 0,10 | 1,01 | 0,16 | 0,002 |
SC-95W2 | GWILLIM WEST | 0,90 | 0,17 | 9,09 | 0,50 | 0,003 |
SC-94 | GAP | 1,64 | 0,36 | 7,75 | 0,99 | 0,021 |
Tableau 1 RÉSULTATS DES SONDAGES
The
ROUYN PROJECT
On
Yorbeau is pleased with the amount of drilling IAMGOLD has done. As the Rouyn project is no longer committed to IAMGOLD, Yorbeau plans to explore other options to maximize the value of the project considering current economic conditions, including the current market price of gold. Notwithstanding IAMGOLD's termination of the option agreement, Yorbeau plans to work with its external consultants to complete the Rouyn mineral resource estimate in accordance with the Regulations. 43-101. IAMGOLD had undertaken preliminary work on this estimate under the option agreement.
The Rouyn property, which is now 100% owned by the Corporation, contains four known gold deposits in the six-kilometer-long Augmitto-Astoria corridor located in the western part of 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 National Instrument 43-101 Mineral Project Disclosure.
Yorbeau work is conducted under the supervision of
Additional information about the Corporation is available on its website at http://www.yorbeauresources.com.
For more information, please contact:
Président, Chief Financial Officer gbodnar@yorbeauresources.com Tel: 514 384 2202 | Senior Consultant lhalle@yorbeauresources.com Tel: 819 629 9758 |
Toll-free in
Forward-Looking Statements: Except for statements of historical fact, all statements contained in this news release, including statements regarding the drilling program, exploration of options to maximize the value of the
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Infographics accompanying this announcement are available at:
https://www.yorbeauresources.com/wp-content/uploads/2023/01/2023-01-17-01-Carte_de_surface_02500.pdf
https://www.yorbeauresources.com/wp-content/uploads/2023/01/2023-01-17-02-LONGITUDINALE_Forages_2022.pdf
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