Yorbeau Issues Clarification For Two Earlier Resource Estimates

Yorbeau Resources Ltd. issued a correction to an earlier resource estimate, issued Feb. 11th, for the Lac Gamble and Cinderella targets According to NI 43-101 requirements, the estimates should have been in a range because the exploration-derived information on hand was too scanty to give a precise number. This later news release contains the correction and gives ranges. For Lac Gamble, 1.5 to 1.7 million tonnes at grades varying between 9 and 10 g/t Au, containing an estimated 500,000 to 525,000 ounces of gold. For Cinderella, 250,000 to 270,000 tonnes at 15 to 16 g/t Au and containing an estimated 120,000 to 140,000 ounces of gold. Both estimates are classified as conceptual, and both corrections lower the minimum figures slightly. At the end of the news release, an earlier NI 43-101 compliant resource estimate for Yorbeau's Astora block is summarized.

This item hit the Web after the market closed. Yorbeau ended today's trading unchanged, at 15 cents. The bid-ask is currently 14 cents - 16.5 cents.

The company's Google Finance web page is here.



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