Business
Yorbeau Provides an Update of the Drilling Program at the Lemoine Project in Chibougamau, Quebec
Yorbeau Provides an Update of the Drilling Program at the Lemoine Project in Chibougamau,...
About this update from Yorbeau Resources, Inc. Class A
[{"type":"text","content":"\n \n \n \n Yorbeau Provides an Update of the Drilling Program at the Lemoine Project in Chibougamau, Quebec\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTREAL\n \n ,\n \n Dec. 23, 2020\n \n /CNW/ - Yorbeau Resources Inc. (TSX: YRB) (\"\n \n Yorbeau\n \n \" or the \"\n \n Company\n \n \") is pleased to provide an update of the current diamond drilling program at its Lemoine project in the\n \n Chibougamau\n \n area of\n \n Quebec\n \n (Figure 1).\n \n \n The Lemoine Mine is located 25 km south of\n \n Chibougamau\n \n 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 terms of grade).\n \n \n 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 returned a high-grade massive sulphide intersection of 43 cm grading\n \n 4.3% Cu, 6.3% Zn and 1.1 g/t Au.\n \n \n Two targets, mainly based on downhole geophysics have been selected (see\n \n Yorbeau's news releases dated\n \n October 20, 2020\n \n ). Two holes for approximately 2,500 metres has been planned to test these targets with the completion of borehole geophysics survey in each hole.\n \n \n To date, one pilot hole (LEM-66) and one wedge-cut (LEM-66W2) for 2,085 metres were drilled to test the target #1. Hole LEM-66 intercepted a gabbro dyke where the stratigraphic Lemoine horizon was interpreted and the downhole geophysical survey indicates that the conductor was missed by less than 20 metres. The follow-up drill hole (LEM-66W2) hit the modelled geophysical conductor located along the Lemoine horizon. In the conductor area, hole LEM-66W2 intercepted a bedded cherty felsic tuff of 0.7 metres containing 3% of pyrrotite and 1% of chalcopyrite and sphalerite.\n \n \n At first sight, the quantity and the texture of the mineralization observed in hole LEM-66W2 do not explain the geophysical conductor. Subsequently, a downhole ...