Yorbeau Announces Beginning of Drilling Program at Kb Project IN Chibougamau CAMP, Quebec.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
PRESS RELEASE
F O R I M M E D I A T E R E L E A S E
YORBEAU ANNOUNCES BEGINNING OF DRILLING PROGRAM AT KB PROJECT IN
CHIBOUGAMAU CAMP, QUEBEC.
Montreal, July 14, 2020 – Yorbeau Resources Inc. (TSX: YRB) (" Yorbeau" or the "Company")
is pleased to announce that diamond drilling has resumed at its KB project in the Chibougamau
area of Quebec.
The KB project is highly prospective for zinc and copper due to t h e p r e s e n c e o f a h i s t o r i c
high-grade prospect 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 the
past producing Lemoine mine and at Yorbeau’s Scott project, inc luding high grade VMS-style
mineralization, presence of felsic tuffs and potential for high synvolcanic heat flow resulting from
the proximity of the Lac Doré Complex (Figure 1).
The current drilling program is a follow-up on a 2019 drilling data compilation that to led to a better
understanding of stratigraphy and particularly the location of the KB prospective horizon (see
news release dated February 27, 2020). One drill rig is current ly in operation and approximately
1,500 metres of drilling are planned to test three high priorit y targets (Figure 2) as described
below.
Target #1
In 2019, hole KB-02 was drilled 25 metres below the Icon showin g to better understand the
geometry, stratigraphy and confirms historical grades obtained by Icon Sullivan in 1967. KB-02
intersected 1.4 meters of massive sulfides grading 0.9% copper, 10.5% zinc, 0.1 g/t gold and 34
g/t silver. Borehole geophysics modeling shows a 150 metre by 3 00 metre strongly conductive
plate located along the KB horizon at a 200 metre depth east of the Icon showing (Figure 3).
Target #2
Hole KB-05 intercepted another prospective horizon located 100 metres south of KB horizon,
returning 2.8% copper, 1.3% zinc, 0.3 g/t gold and 30 g/t silver over 0.2 metres. This new horizon,
called KB south, corresponds to a semi-massive sulfides zone hosted by an intermediate bedded
tuff. Mineralization is open to the east where a borehole geophysical plate has been modelized.
Target #3
This target corresponds to the eastern part of the KB horizon t hat has been shifted by a NNE
trending fault and where several untested VTEM anomalies are located.
Yorbeau has implemented rigorous safety protocols in order to p revent the spread of COVID-
19 which are in line with recommendations from the National ins titute of public health of Quebec
(INSPQ) and the Commission des normes, de l'équité, de la santé et de la sécurité du travail
(CNESST).
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
Work is carried out by the personnel of Yorbeau, under the supe rvision of Sylvain Lépine, M.Sc,
P.Geo. He is a qualified person (as defined in National Instrum ent 43-101 – Standards of
Disclosure for Mineral Projects ("NI 43-101")) and has reviewed and approved the content of this
release.
About Yorbeau Resources Inc.
Yorbeau Resources is a diversified mining exploration company w ith an enviable portfolio of
exploration properties in Quebec. The exploration projects comp rise both gold and base metal
projects, and the strategic focus of the Company is on projects located in areas easily accessible
and with infrastructure. The wholly-owned Rouyn Property is the Company’s main gold asset and
contains four known gold deposits in the 6 km long Augmitto-Ast oria 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, where very
encouraging drilling results were obtained in 2019 and 2020. Th e base metal assets 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 recently completed.
For additional information on the Company, consult its website at www.yorbeauresources.com.
For further information, please contact:
G. Bodnar Jr. S y l v a i n L é p i n e , M . S c , P . G e o
President, Chief Financial Officer Vice-President, Explorati on
Yorbeau Resources Inc. Y o r beau Resources Inc.
[email protected] [email protected]
Tel: 514-384-2202 T e l : 8 1 9 - 2 7 7 - 0577
Toll free in North America: 1-855-384-2202
Forward-looking statements: Except for statement of historical fact, all statements in this news
release, including without limitation, regarding the prospects of the KB 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, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
Figure 1. Location map of Yorbeau’s projects in the Chibougamau camp, Quebec, including KB
property.
Figure 2. KB geological map showing localisation of Target #1, #2 and #3.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
Figure 3. Longitudinal of KB horizon (looking north) with target#1.