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Yorbeau Resources Releases Mineral Resource Estimate at Scott Project - Resources Are More Than Triple Previous Estimate
MONTREAL, QUEBEC--(Marketwired - Feb. 14, 2017) - Yorbeau Resources Inc. (TSX:YRB.A) (the "Company" or "Yorbeau") is pleased to report on a material increase in
About this update from Yorbeau Resources, Inc. Class A
[{"type":"text","content":"MONTREAL, QUEBEC--(Marketwired - Feb. 14, 2017) - Yorbeau Resources Inc. (TSX:YRB.A) (the \"Company\" or \"Yorbeau\") is pleased to report on a material increase in the updated mineral resource estimate for its copper, zinc, gold and silver project in Scott Township, Chibougamau, PQ. The mineral resource estimate was prepared by William E. Roscoe, Ph.D., P.Eng. and Katharine Masun, MSA, M.Sc., P.Geo. of Roscoe Postle Associates Inc. (\"RPA\"). A Technical Report in compliance with National Instrument NI-43-101 will be filed on SEDAR within 45 days of this release. Mineral resources have been classified in the Indicated and Inferred categories as follows: Category Tonnes %Cu %Zn g/t Au g/t Ag Indicated 3,556,000 0.9 4.2 0.2 37 Inferred 13,970,000 0.8 3.5 0.2 22 Notes: 1. CIM Definition Standards were followed for Mineral Resources. 2. Resource are reported at an NSR cut-off value of $100/t for massive sulphide and $65/t for stringer sulphide lenses. 3. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 4. Numbers may not add due to rounding. The current mineral resource estimate was done by block modeling techniques, using a minimum horizontal width of approximately two metres and a cut-off value based on a Net Smelter Return (NSR*) basis, as warranted by the style of mineralization. The resources enclose both massive sulphide and stringer sulphide lenses, and cut-off values were determined to be $100 per tonne, except for wide stringer sulphides envelopes where a cut-off value of $65 per tonne was used to account for favorable geometry that suggest potential suitability for underground bulk mining methods. All technical parameters will be fully disclosed in the Technical Report prepared by RPA, which will also be posted on Yorbeau's web site when received. * Assumptions made by RPA for the determination of the NSR cut-off include: a US$0.80 Canadian dollar and the following metal prices: copper - US$3.25/lb, zinc - US$1.20/lb, gold - US$1,500/oz, and silver - US$22/oz. Mill recoveries for copper, zinc, gold and silver were established at 90%, 90%, 75%, and 70%, respectively. The recently updated resource includes mineralization in several volcanogenic massive sulphide (VMS) lenses and stringer mineralized zones located...