Business
Yorbeau Resources Acquires KB Property in Chibougamau Camp
MONTREAL, QUEBEC--(Marketwired - Dec. 12, 2017) - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") is pleased to announce the acquisition of the K
About this update from Yorbeau Resources, Inc. Class A
[{"type":"text","content":"MONTREAL, QUEBEC--(Marketwired - Dec. 12, 2017) - Yorbeau Resources Inc. (TSX: YRB) (the \"Company\" or \"Yorbeau\") is pleased to announce the acquisition of the KB property located in McCorkill township 35 kilometres east of the town of Chibougamau. The property (locally known also as \"Kill Bill\") is comprised of 30 claims covering 16.7 square kilometres located in the eastern limit of the Abitibi belt of Quebec (Figure 1). The property is easily accessible through an excellent network of logging roads. The KB project is considered to be highly prospective for zinc and copper due to the presence of an historic prospect and of drill intercepts associated with a massive sulphide stratigraphic horizon hosted within mafic and felsic volcanics. The property appears to have a geological setting similar to that found at Yorbeau's Scott project, including high grade VMS-style mineralization, presence of felsic tuffs, and potential for high synvolcanic heat flow resulting from the proximity of the Lac Doré (synvolcanic) Complex (Figure 1). According to Government files, historical drilling done by Icon Sullivan in 1965 yielded up to 1.9% copper and 11.0% zinc over a core length of 1.0 metre of massive sulphides. Recent trenching and channel sampling of the massive sulphide horizon done in 2012 by vendor Ressources Tectonic Inc yielded an average of 1.4% Cu, 8.1% Zn and 51.5 g/t Ag over a thickness of 0.8 metres. A series of grab samples taken from that trench by geological staff of Cogitore Resources in late 2012 yielded similar results with, in addition, an average gold grade of t 2.2 g/t Au. Note that grab samples are selective by nature and values reported may not be representative of the whole mineralized horizon. Individual assays for the Cogitore sampling are shown in the table below: sample %Cu %Zn g/t Au g/t Ag 23412 2.09 11.50 0.13 51.8 23413 1.05 5.73 0.05 31.9 23414 1.48 12.95 0.34 66.0 23415 0.91 6.67 8.25 72.9 average 1.4 9.2 2.2 56 Mineralization in the above samples consists of banded massive sulphides containing pyrrhotite, pyrite, sphalerite and chalcopyrite. The KB project was acquired by the signing of an option agreement to acquire a 100% interest from private company Les Ressources Tectonic (\"Tectonic\"). The option agreement includes total cumulative cash payments of $200,000 and exploration expenditures of $75...