QUEBEC - YORBEAU RESOURCES of Montreal has estimated a 400,000-oz gold resource for its Astoria I project 10 km southwest of Rouyn-Noranda. The estimate covers a strike length of 1,250 metres and a vertical depth from 300 to 700 metres. Widely spaced drilling has confirmed the mineralization is open along strike.
Studies have been made about the material recoverable both from an open pit and by underground methods. At a cut-off of grade of 0.6 g/t gold, the open-pitable undiluted resource has contained gold of 63,400 oz in the measured and indicated category (770,000 tonnes averaging 2.57 g/t Au), in addition to 1,000 oz in the inferred category (14,000 tonnes averaging 2.29 g/t Au). At a cut-off grade of 2.5 g/t Au, the underground undiluted resource has contained gold of 285,700 oz in the measured and indicated category (1.97 million tonnes averaging 4.52 g/t Au), in addition to 59,800 oz in the inferred category (385,000 tonnes averaging 4.83 g/t Au).
Further information about Yorbeau's plans for the property are available from president Georges Bodnar by calling 514-384-2202 or from chairman David Crevier at 514-284-3663.