Yorbeau Announces Beginning of 2020 Drilling Program with Iamgold at the Rouyn Project.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
YORBEAU ANNOUNCES BEGINNING OF 2020 DRILLING PROGRAM WITH IAMGOLD AT
THE ROUYN PROJECT.
Montreal, January 14, 2020 – Yorbeau Resources Inc. (TSX: YRB) (" Yorbeau" or the " Company") is
pleased to announce that diamond drilling has commenced at its Rouyn property with its partner IAMGOLD
Corporation ("IAMGOLD"). The Company signed a definitive agreement i n December 2018, whereby
IAMGOLD has the option to acquire a 100% interest in Yorbeau’s Rouyn property in Quebec, Canada.
In accordance with the agreement, an initial cash payment in the amount of $1,000,000 and an interim
payment of $500,000 were made by IAMGOLD to Yorbeau (press release of December 11, 2019). In order
to earn the purchase option, IAMGOLD must make cumulative cash payments of C$4 million and fund
C$9 million dollars of exploration expenditures over a 4-year period, including no less than 20,000 metres
of diamond drilling within the first two years. A total of 19,966 metres were already drilled within the first
year of the agreement.
The Rouyn Property is located about 4 km south of Rouyn-Noranda, Quebec. With a long history of mining,
the city of Rouyn-Noranda offers many advantages for mining exploration, including political and social
stability, good access and infrastructure, skilled mining personnel, and one of the most mining-friendly
jurisdictions in the world. The Rouyn Property cove rs a 12-kilometre stretch of the Cadillac -Larder Lake
Break. The Astoria deposit already benefits from significant underground infrastructure including a 515
metre deep shaft and over 5 kilometres of lateral workings.
Two drill rigs have now mobilized to the property and a program of approximately 14,000 metres is
planned. The initial focus of the program will be on the Lac Gamble zone with the objectives of converting
exploration potential to mineral resources and of testing the possible extension of the zone to the west. The
Lac Gamble zone remains indeed open to the west as indicated by the 2019 drilling program (press release
of July 31, 2019).
Gérald Riverin, Company president commented: “We are most happy to see th e drills turning again at the
Rouyn property and pleased to be working with the IAMGOLD team. Continuing on with more drilling no
doubt reflects the confidence of our partner IAMGOLD in the potential of the Rouyn project. The drilling
program was established by IAMGOLD in close cooperation with the Yorbeau staff , and we are looking
forward to forthcoming results.”
Work at Yorbeau is carried out under the supervision of Gérald Riverin, Ph. D., P. Geo. He is a qualified
person (as defined by NI 43-101) and has reviewed 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 6-km-long
Augmitto-Astoria corridor situated on the western portion of the property. 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,
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
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 feature an infrastruct ure favourable for
mining development. The newly acquired base metal properties include the Scott Project, which bears
important mineral resources (see the press release dated March 30, 2017) and on which a positive
Preliminary Economic Assessment was completed.
For additional information on the Company, consult its website at www.yorbeauresources.com.
For further information, please contact:
Gérald Riverin, PhD, P. Geo G. Bodnar Jr.
President, Yorbeau Resources Inc. Vice-President, Chief Financial Officer
Yorbeau Resources Inc. Yorbeau Resources Inc.
[email protected] [email protected]
Tel: 819-279-1336 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 cash payments to be made by IAMGOLD and future plans and objectives are
forward-looking statements which involve risks and uncertainties. There can be no assurance th at 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.