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Yorbeau Resources (TSX:YRB.A) reported that a step-out hole at its Scott Lake project in Quebec has intersected massive sulphides, confirming the discovery of a new massive sulphide lens outside of the current mineral resources. The lens is on a new horizon 60 meters south of the CFO lens.
Yorbeau Resources (TSX:YRB.A) reported that a step-out hole at its Scott Lake project in Quebec has intersected massive sulphides, confirming the discovery of a new massive sulphide lens outside of the current mineral resources. The lens is on a new horizon 60 meters south of the CFO lens.
As quoted in the press release:
Three holes drilled so far (SC-53W3, SC-53W4 and SC-48E) lead us to believe that this well located new lens could significantly increase tonnage and have positive impact on the economics of the project. At this time the mineralized zone still remains open at least in three directions (up, east and west). Follow-up drilling on this discovery will focus to extend this new lens between these two important already known lenses (CFO and West lenses).
The shape and true width of this new lens cannot be determined with certainty without additional drilling. The core lengths obtained may not reflect the true width of the mineralization.
This recent success confirms that additional massive sulphide lenses may indeed be located on the property.
The Scott Lake property, 100% owned by Yorbeau, already hosts a number of polymetallic massive sulphide lenses. These represent combined inferred resources of 5.45 million tonnes grading 1.2% copper, 4.6% zinc, 0.2 g/t gold and 34 g/t silver, using an NSR cut-off of $80 per tonne (Technical Report prepared by Roscoe Postle Associates and filed by Cogitore Resources in 2011).
Click here to read the Yorbeau Resources (TSX:YRB.A) press release