Welcome!

News Feed Item

Yorbeau Provides Update On Gold Fields' 2013 Drilling Program

MONTREAL, QUEBEC -- (Marketwired) -- 02/28/14 -- Yorbeau Resources Inc. (TSX:YRB.A) (the "Company" or "Yorbeau") is pleased to provide an update on the results of the diamond drilling program carried out in 2013 by Gold Fields Sudbury Exploration Corp. ("Gold Fields") on the Company's Rouyn property.

The 2013 program represented the first phase of a $4M exploration commitment made by Gold Fields pursuant to the option and joint venture agreement entered into between Gold Fields and the Company. The 2014 exploration program which is currently under way is budgeted at $2.2M and will consist of approximately 14,000 metres, mostly targeting either the extension at depth of known gold mineralization or potential new zones in the eastern half of the property.

The 2013 drilling program totalled 7,808 metres in 26 drill holes located in the Cinderella, Augmitto and Gamble Lake blocks (click here to see the location map). The objective at Cinderella was to check for possible expansion of the known mineralization at depths shallower than 400 metres. Most of the drilling involved stepping out from existing zones. At Augmitto, the objectives were to confirm near surface mineralization below historical exploration trenches and test the potential effect of using different drilling orientations. Finally, at Gamble Lake, the objective was to confirm mineralization in a new sector developing at depth in the west boundary of the Gamble Lake zone.

PROGRAM HIGHLIGHTS

Highlights of the 2013 program are shown below:

- Hole CI-13-616: 6.6 g/t Au over 9.0 metres (in the Footwall Zone)         
  - including 27.1 g/t Au over 1.0 metres                                   
                                                                            
- Hole CI-13-620: 13.0 g/t Au over 5.4 metres                               
  - including 42.4 g/t Au over 1.0 metres                                   
                                                                            
- Hole AUG-13-625: 11.4 g/t Au over 5.3 metres                              
  - including 16.6 g/t Au over 3.0 metres                                   
                                                                            
- Hole AUG-13-627: 7.9 g/t Au over 7.0 metres                               
                                                                            
- Hole GA-13-628: 6.0 g/t Au over 11.3 metres at depth at Lac Gamble Zone   
  - including 30.4 g/t Au over 1.0 metres                                   

Cinderella Area

A series of 18 holes totalling 5,350 metres was drilled to explore the top 400 metres of the Cinderella Zone, including 7 holes (1,633 m) testing near surface mineralization in the eastern portion of Cinderella. All holes intersected the favourable carbonatized Piche ultramafics, many of which containing visible gold. Significant assay results are shown below:

----------------------------------------------------------------------------
Hole                                         Core length                    
                    from        to  Au (g/t)         (m)             Remarks
----------------------------------------------------------------------------
CI-13-603          132.8     133.9       1.5         1.1               Piche
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-604          348.9     355.0       1.2         6.1               Piche
              --------------------------------------------------------------
                   368.4     370.7       1.8         2.3               Piche
              --------------------------------------------------------------
                   472.4     479.9       0.9         7.4            Footwall
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-605          203.3     207.5       1.4         4.2               Piche
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-606          211.0     213.3       1.4         2.3               Piche
              --------------------------------------------------------------
                   330.0     332.0       1.0         2.0            Footwall
              --------------------------------------------------------------
                   336.0     337.3       1.3         1.3            Footwall
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-607                          No significant values                    
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-608          104.4     106.7       0.6         2.3               Piche
              --------------------------------------------------------------
                   215.0     216.0       1.3         1.0            Footwall
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-609          266.0     267.0       1.6         1.0               Piche
              --------------------------------------------------------------
                   358.2     368.2       1.6        10.0    Footwall Zone VG
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-610          310.4     314.0       3.9         3.6    Footwall Zone VG
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-611          258.1     270.4       1.0        12.3          Piche, VG+
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-612                       Abandoned due to deviation                  
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-613          267.1     271.1       1.8         4.0               Piche
              --------------------------------------------------------------
                   308.0     311.0       1.2         3.0           Piche, VG
              --------------------------------------------------------------
                   335.0     336.0       3.3         1.0           Piche, VG
----------------------------------------------------------------------------
Although true width of the mineralized zones cannot be established with     
accuracy given the large spacing between holes, it is estimated that it may 
represent about 70% of core length.                                         

While anomalous values were obtained around the previously known mineralized zones at Cinderella, the drilling did not lead to an expansion of the zones. However, the drilling to test near surface mineralization in the eastern portion of Cinderella returned several high grade assays in the vicinity of historical holes 05-S-390 et 05-S-397 which had returned respectively 24.1 g/t Au over 1.5 m and 1.9 g/t Au over 7.1 m. Significant results of the 2013 drilling are shown below.

Cinderella East Results

----------------------------------------------------------------------------
Hole                                         Core length                    
                    from        to  Au (g/t)         (m)             Remarks
----------------------------------------------------------------------------
CI-13-614           48.9      50.0       6.6         1.2           Piche, VG
              --------------------------------------------------------------
                    75.0      76.0      12.3         1.0           Piche, VG
              --------------------------------------------------------------
                   121.8     122.8       1.1         1.0       Footwall Zone
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-615           22.0      26.7       0.6         4.7        Hanging wall
              --------------------------------------------------------------
                    53.0      57.0       1.1         4.0           Piche, VG
              --------------------------------------------------------------
                   150.0     151.0       1.0         1.0            Footwall
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-616          341.0     342.0       0.8         1.0               Piche
              --------------------------------------------------------------
                   423.0     432.0       6.6         9.0 Footwal Zone, VG+++
              --------------------------------------------------------------
                                         including                          
              --------------------------------------------------------------
                   424.0     425.0      27.1         1.0                    
              --------------------------------------------------------------
                   428.0     429.0      15.0         1.0                    
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-617           97.0      99.0       0.5         2.0               Piche
              --------------------------------------------------------------
                   171.0     172.0       1.4         1.0    Footwall Zone VG
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-618          213.0     216.0       2.0         3.0       Footwall Zone
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-619          190.5     193.5       0.6         3.0    Footwall Zone VG
              --------------------------------------------------------------
                   206.5     212.0       2.4         5.5    Footwall Zone VG
              --------------------------------------------------------------
                                         including                          
              --------------------------------------------------------------
                   207.5     208.5       7.9         1.0                    
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
CI-13-620           61.0      74.0      13.0         5.4           Piche VG+
              --------------------------------------------------------------
                                         including                          
              --------------------------------------------------------------
                    65.4      66.4      42.4         1.0                    
              --------------------------------------------------------------
                    74.0      75.0      21.1         1.0                    
              --------------------------------------------------------------
                   123.9     124.9       1.4         1.0       Footwall Zone
----------------------------------------------------------------------------
Although true width of the mineralized zones cannot be established with     
accuracy given the large spacing between holes, it is estimated that it may 
represent about 70% of core length.                                         

Lac Gamble

At Gamble Lake the objective was to confirm mineralization in a new sector developing at depth near the west boundary of the Gamble Lake zone. This new interesting sector, discovered by Yorbeau with hole 12-GA-593 drilled in late 2012, had intersected 3.7 g/t Au over a core length of 15 metres (press release of December 6, 2012). In 2013, 3 holes totaling 1,168 metres were drilled to follow up on this while hole GA-13-621 (387 m) was drilled in a wide gap between the Cinderella and Gamble Lake zones. Hole GA-13-622 had to be abandoned for excessive deviation. Significant assay results are shown below.

----------------------------------------------------------------------------
Hole                                         Core length                    
                    from        to  Au (g/t)         (m)             Remarks
----------------------------------------------------------------------------
GA-13-621                                                     Piche, west of
                   287.4     290.4       1.5         3.0    Gamble Lake zone
              --------------------------------------------------------------
                   353.0     354.0       0.5         1.0   Footwall Zone, VG
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
GA-13-622                       Abandoned due to deviation                  
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
GA-13-623          491.0     500.0       0.5         9.0           Piche, VG
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
GA-13-628          495.7     507.0       6.0        11.3       Piche, VG++++
              --------------------------------------------------------------
                                         including                          
              --------------------------------------------------------------
                   497.8     498.8      30.4         1.0                    
              --------------------------------------------------------------
                   503.0     504.0      22.6         1.0                    
----------------------------------------------------------------------------
Although true width of the mineralized zones cannot be established with     
accuracy given the large spacing between holes, it is estimated that it may 
represent about 70% of core length.                                         

Results obtained in hole GA-13-628 are considered most encouraging as they support the hypothesis that the Gamble Lake zone remains open to the west at depth. Further drilling by Gold Fields is planned in this sector (press release of January 30, 2014).

Augmitto

During the summer 2013, historical trench #4 was cleaned up and extended to the east in order to observe the Augmitto mineralized zone in the vicinity of drill hole 07-S-442 which had returned a grade of 11.3 g/t Au over a core length of 8.5 m. After detailed mapping of the gold bearing veins and structures at surface, a drill program was carried out with the objectives of confirming near surface mineralization below historical exploration trenches and also to test the potential effect of using different drilling orientations. Significant assay results are shown below.

           ------------------------------------------------------
            Hole      from  to Au (g/t)Core length (m)  Remarks  
           ------------------------------------------------------
           AUG-13-624 49.0 57.0   2.7        8.0      Piche, VG++
                     --------------------------------------------
                      69.3 78.0   1.7        8.7      Piche      
           ------------------------------------------------------
                                                                 
           ------------------------------------------------------
           AUG-13-625 55.7 67.1  11.4        5.3      Piche, VG++
                     --------------------------------------------
                                       including                 
                     --------------------------------------------
                      57.0 58.0   9.2        1.0                 
                     --------------------------------------------
                      58.0 59.0  13.3        1.0                 
                     --------------------------------------------
                      59.0 60.0  27.2        1.0                 
                     --------------------------------------------
                      85.2 93.2   1.1        7.0      Piche      
           ------------------------------------------------------
                                                                 
           ------------------------------------------------------
           AUG-13-626 92.0 94.0   1.4        2.0      Piche      
                     --------------------------------------------
                     105.0126.0   2.1        21.0     Piche,VG   
                     --------------------------------------------
                                       including                 
                     --------------------------------------------
                     112.0116.0   4.1        4.0                 
                     --------------------------------------------
                     120.0122.0   6.9        2.0                 
           ------------------------------------------------------
                                                                 
           ------------------------------------------------------
           AUG-13-627 9.8  21.3   2.9        11.5     Piche      
                     --------------------------------------------
                      32.0 39.0   7.9        7.0      Piche, VG++
                     --------------------------------------------
                                       including                 
                     --------------------------------------------
                      35.0 36.0  16.1        1.0                 
                     --------------------------------------------
                      37.0 38.0  18.4        1.0                 
           ------------------------------------------------------

During mapping of the trench and detailed core logging, it appeared that two main sets of quartz veins stand out by their abundance of visible gold and the majority of the high grade assays in the above drilling are associated with these two sets. Because of the various drilling orientations designed to better intersect specific vein orientations, the true widths of the above mineralized envelopes may range widely between 25 and 45 % of the measured core lengths. In general, the 2013 drilling below the Augmitto trenches confirmed the previous assay results. With respect to the potential effect of using different drilling orientations, the results are still being evaluated. However, at this time it does not seem warranted to modify the drilling strategy while testing the mineralized envelopes within the Piche formation.

"We are pleased with the drilling results obtained in 2013 and in particular with Gold Fields' strategy focused on diamond drilling. Yorbeau's Rouyn property encloses an impressive number of gold intersections over a very large area and, consequently, a very significant amount of drilling remains to be done in order to unlock the full value of the Rouyn property. Yorbeau's association with Gold Fields is a major step in realizing the required drilling. We remain confident that we are working on a significant gold deposit that ultimately may have to be proved up by underground exploration" says President and CEO David Crevier.

The qualified person under National Instrument 43-101 is Laurent Halle, P.Geo., who has reviewed and approved the content of this release.

Samples are analyzed at ALS Chemex Laboratories in Val d'Or, Quebec and the sampling and assaying program is subjected to Gold Fields' extensive QA/QC program that includes inserting blanks and gold standards in batch samples being sent to the assay laboratory. Samples that contain visible gold are subjected to a strict sampling and assay protocol designed specifically to deal with coarse particle gold.

Gold Fields Sudbury is a wholly-owned subsidiary of Gold Fields Limited, an unhedged, globally diversified producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa. In February 2013 Gold Fields unbundled its KDC and Beatrix mines in South Africa into an independent and separately listed company, Sibanye Gold. In October 2013 Gold Fields acquired Barrick Gold's Granny Smith, Lawlers and Darlot Gold Mines in Western Australia. Gold Fields subsequently has attributable annual production of approximately 2.2 million ounces of gold, managed gold Mineral Reserves of approximately 59 million ounces and managed gold Mineral Resources of approximately 137 million ounces. Gold Fields has a primary listing on the JSE Limited, with secondary listings on the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).

About Yorbeau Resources Inc.

The Company's 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports.

A recently completed comprehensive report on the Company may be found on the Company's new website at www.yorbeauresources.com. The raison d'etre of Yorbeau is to identify a world class gold deposit in a major mining camp.

Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, 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.

Contacts:
David Crevier
President and CEO
Yorbeau Resources Inc.
[email protected]
514-284-3663

G. Bodnar Jr.
Director
Yorbeau Resources Inc.
[email protected]
514-384-2202
Toll free in North America: 1-855-384-2202

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
The now mainstream platform changes stemming from the first Internet boom brought many changes but didn’t really change the basic relationship between servers and the applications running on them. In fact, that was sort of the point. In his session at 18th Cloud Expo, Gordon Haff, senior cloud strategy marketing and evangelism manager at Red Hat, will discuss how today’s workloads require a new model and a new platform for development and execution. The platform must handle a wide range of rec...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of ...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
"We began as LinuxAcademy.com about five years ago as a very small outfit. Since then we've transitioned into more of a DevOps training company - the technologies and the tooling around DevOps," explained Doug Vanderweide, an instructor at Linux Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
They say multi-cloud is coming, but organizations are leveraging multiple clouds already. According to a study by 451 Research, only 21% of organizations were using a single cloud. If you've found yourself unprepared for the barrage of cloud services introduced in your organization, you will need to change your approach to engaging with the business and engaging with vendors. Look at technologies that are on the way and work with the internal players involved to have a plan in place when the ine...
The revocation of Safe Harbor has radically affected data sovereignty strategy in the cloud. In his session at 17th Cloud Expo, Jeff Miller, Product Management at Cavirin Systems, discussed how to assess these changes across your own cloud strategy, and how you can mitigate risks previously covered under the agreement.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
"DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great team at @DevOpsSUMMIT and CloudEXPO tell the world how they can leverage this emerging disruptive trend."
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...