Yorbeau Acquires Prospective Zinc Property IN the Chibougamau CAMP.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
YORBEAU ACQUIRES PROSPECTIVE ZINC PROPERTY IN THE CHIBOUGAMAU
CAMP.
Montréal, December 12, 2017 - Yorbeau Resources Inc. (TSX: YRB) (the “Company” or
“Yorbeau”) is pleased to announce the acquisition of the KB property located in McCorkill
township 35 kilometres east of the town of Chibougamau. The property (locally known also as
“Kill Bill”) is comprised of 30 claims covering 16.7 square kilometres located in the eastern limit
of the Abitibi belt of Quebec (Figure 1). The property is easily accessible through an excellent
network of logging roads.
The KB project is considered to be highly prospective for zinc and copper due to the presence of
an historic prospect and of drill intercepts associated with a massive sulphide stratigraphic
horizon hosted within mafic and felsic volcanics. The property appears to have a geological
setting similar to that found at Yorbeau’s Scott project, including high grade VMS-style
mineralization, presence of felsic tuffs, and potential for high synvolcanic heat flow resulting
from the proximity of the Lac Doré (synvolcanic) Complex (Figure 1).
According to Government files, historical drilling done by Icon Sullivan in 1965 yielded up to
1.9% copper and 11.0% zinc over a core length of 1.0 metre of massive sulphides. Recent
trenching and channel sampling of the massive sulphide horizon done in 2012 by vendor
Ressources Tectonic Inc yielded an average of 1.4% Cu, 8.1% Zn and 51.5 g/t Ag over a
thickness of 0.8 metres. A series of grab samples taken from that trench by geological staff of
Cogitore Resources in late 2012 yielded similar results with, in addition, an average gold grade
of t 2.2 g/t Au. Note that grab samples are selective by nature and values reported may not be
representative of the whole mineralized horizon. Individual assays for the Cogitore sampling are
shown in the table below:
sample %Cu %Zn g/t Au g/t Ag
23412 2.09 11.50 0.13 51.8
23413 1.05 5.73 0.05 31.9
23414 1.48 12.95 0.34 66.0
23415 0.91 6.67 8.25 72.9
average 1.4 9.2 2.2 56
Mineralization in the above samples consists of banded massive sulphides containing pyrrhotite,
pyrite, sphalerite and chalcopyrite.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
The KB project was acquired by the signing of an option agreement to acquire a 100% interest
from private company Les Ressources Tectonic (“Tectonic”). The option agreement includes
total cumulative cash payments of $200,000 and exploration expenditures of $750,000 over a
three year period. Except for an initial $30,000 cash payment already made upon signing and the
first $150,000 in exploration expenditures, all payments and expenditures are optional. Tectonic
would retain a 1% NSR production royalty, which can be bought back entirely at any time for
$1.5 million.
Gérald Riverin, President of Yorbeau Resources, commented: "With the current positive outlook
for zinc and the recently announced positive Preliminary Economic Assessment at the Scott
project, zinc prospects in the Chibougamau mining camp with features similar to the Scott
mineralization become strategic for the Company. In spite of local high grade zinc mineralization
at surface, the KB project has never been drilled below 150 metres vertical, and has yet to be
explored using modern volcanogenic massive sulphides concepts. With the Scott project, our
technical team has developed considerable expertise in this type of mineralization in the
Chibougamau Camp, and the Company is looking forward to initiate exploration on the new
project. "
Yorbeau is currently planning an exploration program on the KB property that is slated to begin
in the first quarter of 2018. The forthcoming program will include an airborne geophysical
survey followed by field reconnaissance and possibly some trenching prior to drilling.
The samples taken by Cogitore in 2012 were shipped in sample bags to the ALS Chemex
laboratory in Val d’Or , Québec for sample preparation and analysis with appropriate standards,
duplicates and replicates used for quality control purposes.
Mr. Gérald Riverin, PhD, P. Geo. , a qualified person (as defined by NI 43 -101), has reviewed
and approved the content of this release. (Note: some of the former Cogitore staff involved in the
sampling are now part of the Yorbeau team and the Company has access to all the previous
Cogitore sampling data and assay certificates). The sampling done by Cogitore in 2012 was done
by Francis Lefebvre, P.Geo., under the supervision of Sylvain Lépine, P.Geo, now an employee
of Yorbeau.
About Yorbeau Resources Inc.
The Company’s 100% controlled Rouyn Property contains four known gold deposits in the
6-km-long Augmit to-Astoria corridor situated on the western half of the property. Two of the
four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been
the subject of NI 43-101 technical reports that include resource estimates. In 2015, the Company
expanded its exploration property portfolio by acquiring strategic base metal properties in
prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure
favourable for mining development. The newly acquired base metal properties include Scott
Lake which hosts important mineral resources and on which a positive Preliminary Economic
Assessment was recently completed.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
More information on the Company may be found on the Company’s website at
www.yorbeauresources.com.
For further information, please contact:
Gérald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
Tel : 819-279-1336
G. Bodnar Jr.
Vice President
Yorbeau Resources Inc.
Tel.: 514-384-2202
Toll free in North America: 1 -855-384-
2202
Forward-looking statements: Except for statement of historical fact, all statements in this news release,
without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking
statements which involve risks and uncertainties. There can be no assurance that such statements will
prove to be accurate; actual results and future events could differ materially from those anticipated in
such statements.