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.

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
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.