Yorbeau Annonces the Completion of Hole LEM-66W3 and Explains Target #1 at the Lemoine Project IN Chibougamau, Quebec.
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
YORBEAU ANNONCES THE COMPLETION OF HOLE LEM-66W3 AND EXPLAINS TARGET
#1 AT THE LEMOINE PROJECT IN CHIBOUGAMAU, QUEBEC.
Montreal, Quebec, February 3, 2021 – Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the
"Company") announces completion of hole LEM -66W3 that was designed to test a strong
borehole geophysical anomaly (target #1) detected in hole LEM-66 at its Lemoine project in the
Chibougamau area of Quebec (see Yorbeau’s news releases dated January 20, 2021).
The Lemoine Mine is located 25 k ilometres south of Chibougamau (Figure. 1) and produced
758,000 tons of high-grade massive sulphide ore from 1975 to 1983. With its 4.2% Cu, 9.6% Zn,
4.2 g/t Au and 83 g/t Ag, Lemoine is within the top 1% of all VMS worldwide (in term s of grade).
This drilling program was a follow-up of the deepest hole drilled from underground in this sector,
hole 12L-27 (drilled in 1980) which returned a high-grade massive sulphide intersection of 43 cm
grading 4.3% Cu, 6.3% Zn and 1.1 g/t Au.
Hole LEM-66W3 intersected 0.6 metres of semi-massive pyrite and pyrrhotite with some traces
of sphalerite and chalcopyrite along the Lemoine horizon. This quantity and texture of sulfides,
especially pyrrhotite, explain the strong conductor previously modelled (target #1). The company
has decided to suspend drilling activities for now in order to evaluate other alternative options.
Other promising targets remain untested on the property especially target #2 area (Figure 2)
where the geophysical modelled plate is less conductive than target #1 (90 siemens Vs. 400
siemens). I n the light of current results , data suggest that target #2 could be explained by a
different type of mineralization. Moreover, hole L91-01 (drilled in 1991) located at the edge of this
modelled plate seems to support this hypothesis by returning 3.3 % Zn over 0.3 metres.
Another area with a strong discovery potential is located in the west part of the property at
relatively shallow depth. This area shows the largest hydrothermal alteration system observed at
Lemoine that covers 4 kilometres by 600 metres (Figure 3). This system that was delineated using
lithogeochimical data from outcrops and drilling , clearly cross -cut the Lemoine stratigraphy.
Further work s in this area should include borehole geophysical survey of historical holes,
especially in LEM-64 drilled by Cogitore Resources in 2008.
Work is carried out by the Yorbeau personnel, under the supervision of Sylvain Lépine, M.Sc,
P.Geo. He is a qualified person (as defined by National Instrument 43-101) and has prepared and
approved the content of this release.
About Yorbeau Resources Inc.
The Rouyn Property, wholly -owned by the Company, contains four known gold deposits in the
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
6-km-long Augmitto-Astoria corridor situated on the western portion of the property. The Company
signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a
100% interest in the Rouyn property, and a major drilling program is under way. Two of the four
deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have
been the subject of technical reports that include resource estimates and that were filed in
accordance with Regulation 43- 101. In 2015, the C ompany expanded its exploration property
portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of
Quebec that feature infrastructure favourable for mining development. The newly acquired base
metal properties include the Scott Project in Chibougamau, which bears important mineral
resources (see the press release dated March 30, 2017) and on which a positive Preliminary
Economic Assessment was recently completed.
For additional information on the Company, consult its website at www.yorbeauresources.com.
For further information, please contact:
G. Bodnar Jr. Sylvain Lépine, M.Sc, P. Geo
President, Chief Financial Officer Vice-President Exploration,
Yorbeau Resources Inc. Yorbeau Resources Inc.
[email protected] [email protected]
Tel: 514-384-2202 Tel: 819-277-0577
Toll free in North America: 1-855-384-2202
Forward-looking statements: Except for the statement of historical fact, all statements in this
news release, including without limitation, regarding the prospects of the Lemoine project, drilling
results, 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.
Yorbeau disclaims any obligation to update such forward- looking statements, other than as
required by applicable securities laws.
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
Figure 1. Location map of Yorbeau’s projects in the Chibougamau camp, Quebec, including
Lemoine property.
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
Figure 2 : Long section of Lemoine horizon showing the target #2 and hole L91-01 (drilled in
1991 and returned 3.3 % Zn over 0.3 meter) located at the edge of the modelled conductive
plate.
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
Figure 3 : Map showing the strong alteration zone located in the western part of the Lemoine
property.