- Yorbeau Resources (YRB) has commenced a 4,200-metre drilling program on its Scott Lake Property in Chibougamau, Quebec
- The company signed a drilling contract with Miikan Drilling Inc
- The drill program aims to increase the known reserves of 17.85 million tons of copper, zinc, gold and silver mineralization
- Yorbeau Resources Inc is involved in the exploration of mineral properties in the Province of Quebec
- Yorbeau Resources Inc. (YRB) opened trading at $0.035
Yorbeau Resources (YRB) has commenced a 4,200-metre drilling program on its 100-per-cent-owned Scott Lake Property, located in Chibougamau, Quebec.
The company signed a drilling contract with Miikan Drilling, a joint venture between Chibougamau Drilling Ltd., the Oujé-Bougoumou First Nations, and the Mistissini First Nations communities in the Eeyou-Istchee territories.
The aim of the drill program is to increase the known reserves of 17.85 million tons of copper, zinc, gold and silver mineralization (RPA 2017, NI 43-101) under the “GAP” lens to a depth of more than 1,100 metres.
It also aims to verify an electromagnetic conductor west of the Gwillim fault where very little work has been done to date.
The lenses of the Scott Lake deposit are aligned more or less in an east-west direction and are truncated by the Gwillim fault. The conductor west of the fault could, if it contains metals, open a new exploration area on the west side of the property.
Drilling east of the Gwillim Fault will involve testing the GAP lens to a depth of more than 1,000 meters vertically, approximately 200 and 300 meters below the deepest known mineralized intersection of the GAP lens.
The drill program that Yorbeau is undertaking on its Scott Lake Property in the Chibougamau region is designed to increase the value of the project and evaluate alternatives leading to the development of this base metals project by Yorbeau or a potential partner.
In 2015, Yorbeau expanded its portfolio of properties in Quebec by acquiring strategic base metals properties in regions with high potential in the Abitibi belt, which offer favourable infrastructure for mine development.
Yorbeau Resources Inc is involved in the exploration of mineral properties in the Province of Quebec.
Yorbeau Resources Inc. (YRB) opened trading at $0.035.