Recent Developments in Yorbeau’s Astoria Property Rouyn-Noranda Area, Quebec

INTRODUCTION The Astoria property is located in the prolifically mineralized Abitibi greenstone belt and is one of the most advanced projects presently under development by Yorbeau Resources Inc. This property, which hosts the Astoria gold deposit, is located in the southern part of Rouyn township, Abitibi area, Quebec, 4 km south of the city of Rouyn-Noranda (Figure 1). The Astoria deposit has been the subject of underground development for over a half century, beginning with Granada Rouyn Mining Co. in the 1930's and followed by Astoria Rouyn Mines Ltd. in the 1940's. Yorbeau Resources Inc. acquired the property in 1984 and has, since then, conducted numerous exploration programs on this gold deposit. The diluted reserves of the Astoria deposit are estimated at 1,3 million metric tons grading 6,14 grams of gold per metric ton (1.4 million st at 0.18 oz/st). This reserve figure is based on the results of surface and underground exploration carried out from January 1986 to June 1987 and includes ore in the proven, probable and possible categories. This paper is divided into two sections. The first part includes a summary of the geological environment including a description of the gold bearing zones and a short discussion on wall rock alteration. The second part of this paper reviews the underground work and the objective of the ongoing exploration program.