Yorbeau Announces Further Positive Assay Results from the Drilling Programs ON the Rouyn Project, Quebec, Including 27.8 G/T Au over 9.8 Metres.
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
YORBEAU ANNOUNCES FURTHER POSITIVE ASSAY RESULTS FROM THE
DRILLING PROGRAMS ON THE ROUYN PROJECT, QUEBEC, INCLUDING 27.8 g/t
Au OVER 9.8 METRES.
Montreal, Quebec, May 13, 2020 – Yorbeau Resources Inc. (TSX: YRB) (“Yorbeau” or the “Company”) is
pleased to report that its partner IAMGOLD Corporation ( “IAMGOLD”) released today the assay results
from diamond drilling programs completed on the Astoria area and on the Lac Gamble Zone at the
Company’s Rouyn Gold P roject. The project is located 4 km south of Rouyn- Noranda, Quebec, and
approximately 45 kilometers southwest of IAMGOLD’s Westwood mine.
IAMGOLD is reporting assay results from eighteen diamond drill holes, totaling 6,585 metres drilled on the
Astoria area, located approximately two kilometres east of the Lac Gamble Zone, and from twenty diamond
drill holes completed on Lac Gamble Zone, totaling 6,298 metres. Two drill holes targeting the Lac Gamble
Zone were abandoned due to excessive deviation and re- collared. Results are pending from an additional
twelve diamond drill holes completed totaling 4,062 metres. These results will be reported once they are
received, validated and compiled.
The assay results reported herein are provided in Tables 1 and 2 below and include the following highlights
(two longitudinal sections illustrating the drilling program on the Lac Gamble and the Astoria a rea are
attached to this news release):
Lac Gamble Zone - Main Zone:
• Drill hole GA-19-709W2: 9.8 metres grading 10.4 g/t Au
includes: 3.0 metres grading 22.8 g/t Au
• Drill hole GA-20-747: 6.8 metres grading 5.9 g/t Au
includes: 0.9 metres grading 32.7 g/t Au
• Drill hole GA-20-748: 5.8 metres grading 4.7 g/t Au
includes: 2.6 metres grading 7.7 g/t Au
• Drill hole GA-20-750: 9.8 metres grading 27.8 g/t Au
includes: 4.4 metres grading 58.4 g/t Au
Astoria Area – Upper Zone:
• Drill hole AS-19-732: 5.0 metres grading 4.6 g/t Au
includes: 1.0 metres grading 14.4 g/t Au
• Drill hole AS-19-733: 4.0 metres grading 5.5 g/t Au
includes: 1.0 metres grading 13.3 g/t Au
• Drill hole AS-19-739: 3.5 metres grading 5.7 g/t Au
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
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Astoria Area – Lower Piché Zone
• Drill hole AS-19-738: 2.2 metres grading 7.9 g/t Au
includes: 1.2 metres grading 12.3 g/t Au
• Drill hole AS-19-741: 9.0 metres grading 5.8 g/t Au
includes: 1.0 metres grading 39.2 g/t Au
The objective of the diamond drilling program in the area of the historic Astoria deposit was to test selected
exploration targets to evaluate continuity of mineralization for the potential to outline a resource.
The objective of the diamond drilling program on the Lac Gamble Zone was to continue a systematic infill
drilling program at nominal 50 x 50 metre drill centres in the upperpart of the zone to support a future
resource estimation. In addition, lateral extensions were also targeted to evaluate the potential to expand
the zone.
Both drilling programs successfully intersected the targeted sheared Cadillac-Piché corridor which hosts
the mineralized zones. The Lac Gamble and Astoria mineralized zones are associated with alteration
varying from several metres to greater than ten metres in width hosted in the ultramafic rocks of the Piché
Group, exhibiting variable carbonatization, fuchsite, silicification, crosscut by a network of white quartz and
brown tourmaline stockwork veins and breccias. Gold mineralization occurs as small specks of visible free
gold associated with minor sulphides in quartz -tourmaline veinlets. In the Astoria area mineralized zones
are also intersected at the contact with the sedimentary sequences bordering the Piché Group and contains
grey quartz veinlets with up to 10% disseminated to narrow massive bands of Arsenopyrite adjacent to the
veins.
“Results reports today are highly encouraging and we are very satisfied by the work accomplished in
partnership with IAMGOLD on the project. At Gamble, delineation drilling continues to show continuity of
mineralization with high- grade intercept s over signi ficant width, ” commented Sylvain Lépine, General
manager Exploration of Yorbeau. “We are looking forward to do additional exploration drilling, especially in
Astoria sector where good potential to delineate additional resources has been identified. ”
In a separate press release on the current results, Craig MacDougall, Senior Vice President, Exploration
for IAMGOLD, stated: “We continue to be pleased with the positive results obtained from our infill and
evaluation drilling programs, especially those from our priority target at Lac Gamble which we are working
to advance to a formal resource estimate. The Rouyn Gold project provides IAMGOLD with an opportunity
to delineate satellite resources with the objective of supplementing production at our Westwood operation
and utilizing our existing infrastructure and excess mill capacity. I want to especially acknowledge the efforts
of the exploration team who had to contend with the sudden impacts of the COVID-19 crisis and were able
to suspend drilling operations in an orderly way on very short notice. We look forward to resumption of our
exploration activities , which will be done progressively in a safe manner following confirmation by the
government of Quebec that exploration activities may resume.”
Next Steps
In response to the global COVID-19 crisis, the Company with its partner IAMGOLD, immediately activated
appropriate actions to ensure a coordinated respons e. All exploration drilling and field activities were
temporarily suspended as directed by the government of Quebec and will resume subject to the guidelines
and approval of the required government authorities and when judged safe to do so.
The assay results from the drilling programs are being compiled and integrated with the existing geological,
geochemical and structural information to support the development and refinement of a preliminary deposit
model. This work will also be used to support the compl etion of a mineral resource estimation of the Lac
Gamble zone currently in planning.
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
As described above, the planned 2020 Lac Gamble drilling program was suspended before completion.
Timing for the resumption of the program will be assessed as conditions allow. The 2020 exploration
program was designed to also evaluate other selected exploration targets in the area of the historic Astoria
deposit and other identified satellite targets with up to a further 5,000 metres of diamond drilling planned.
All pending assay results from drilling completed to date on Lac Gamble will be reported once they are
received, validated and compiled.
About the Rouyn Gold Project
The Rouyn Gold 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 and 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 property covers a 12-kilometre stretch of the Cadillac-Larder Lake Break and contains four known gold
deposits along the 6- km Augmitto-Astoria corridor situated on the western portion of the property. Two of
the four deposits, Astoria and Augmitto, benefit from established underground infrastructure and have been
the subject of technical reports that include resource estimates that were previously filed in accordance
with Regulation NI 43-101.
The Lac Gamble zone is located between the Augmito and the Astoria deposits. The exploration target
potential at Lac Gamble is interpreted to be between 400,000 and 600,000 ounces of gold at a grade
between 7.0 and 8.5 g/t Au. The potential quantity and grade of the exploration targets referred to are
conceptual in nature and insufficient exploration work has been completed to define a mineral resource.
The property may require significant future exploration to advance to a resource stage and there can be no
certainty that the exploration target will result in a mineral resource being delineated. The exploration
targets are consistent with similar deposits in the area, deposit models or derived from initial drilling results.
IAMGOLD signed a definitive option agreement in December 2018, whereby IAMGOLD has the option to
acquire a 100% interest in the Project by making scheduled cash payments totaling C$4 million and
completing exploration expenditures totaling C$9 million over a four year period. Exploration programs must
include the completion of a minimum of 20,000 metres of diamond drilling within the first two- years of the
option. By the end of the expenditure period, IAMGOLD must complete a NI 43 -101 compliant resource
estimate, after which IAMGOLD, at its election, can purchase a 100% interest in the Project, subject to a
2% net smelter return production royalty, by paying Yorbeau the lesser of C$15 per resource ounce or
C$30 million. IAMGOLD is in the second year of the option agreement.
Technical Information and Quality Control Notes
The drilling results contained in this news release have been prepared in accordance with National
Instrument 43-101 Standards of Disclosure for Mineral Projects.
Work at Yorbeau is carried out under the supervision of Sylvain Lépine, M.Sc, P. Geo. He is a qualified
person (as defined by NI 43-101) and has reviewed and approved the content of this release.
The design of the drilling program and interpretation of res ults is under the control of IAMGOLD’s and
Yorbeau’s geological staff, including qualified persons employing strict protocols consistent with NI 43-101
and industry best practices. The sampling of, and assay data from, the drill core is monitored through t he
implementation of a quality assurance - quality control (QA-QC) program. Drill core (NQ size) is logged and
samples are selected by geologists and then sawn in half with a diamond saw at the project site. Half of the
core is retained at the site for reference purposes. Sample intervals may vary from half a metre to one and
a half metres in length depending on the geological observations.
Half-core samples are packaged and transported in sealed bags to AGAT laboratories in Val-d’Or, Quebec,
and Mississauga, Ontario. Samples are coarse crushed to a - 10 mesh and then a 1,000 gram split is
pulverized to 95% passing -150 mesh. AGAT prepare analytical pulps at their facilities located in Val -d’Or
and proces s the pulps at their Mississauga laboratory which is ISO / IEC 17025:2005 certified by the
Standards Council of Canada. Samples are analyzed using a standard fire assay with a 50 gram charge
with an Atomic Absorption (AA) finish. For samples that return assay values over 3.0 grams per tonne,
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
another pulp is taken and fire assayed with a gravimetric finish. Core samples showing visible gold or
samples which have returned values greater than 10.0 grams per tonne are processed with a protocol
involving fine grinding of the entire sample, followed by metallic sc reen analysis of the entire pulverized
material. Insertion of duplicate, blanks and certified reference standards in the sample sequence is done in
all drill holes for quality control.
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. 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 underway. 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 f iled in accordance with Regulation 43- 101. 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 feature an infrastructure favourabl e 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 recently completed.
For additional information on the Company, consult its website at www.yorbeauresources.com.
For further information, please contact:
Sylvain Lépine, M.Sc, P. Geo G. Bodnar Jr.
General Manager Exploration, President, Chief Financial Officer
Yorbeau Resources Inc. Yorbeau Resources Inc.
[email protected] [email protected]
Tel: 819-277-0577 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,
including without limitation, regarding the prospects of the Rouyn property, 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
Notes:
1. True widths of intersections are estimated at 60-83% of the core interval approximately.
2. Drill hole intercepts are calculated with a lower cut of 1.00 g/t Au and may contain lower grade interval of up to 3 metres in
length.
3. Assays are reported uncut but high grade sub-intervals are highlighted.
4. Drill holes with the suffix W are wedge cuts from previously drilled master holes.
Hole No. AZ DIP Depth /
length from To Interval True
Width (1) Au (2) (3) NOTE
Easting Northing Elevation (°) (°) (m) (m) (m) (m) (m) (g/t)
GA-19-709W2 (4) 644 391 5 339 914 3 096 155.3 -79.1 330.00 480.25 490.00 9.75 7.72 10.35 Main zone
Including (3) 487.00 490.00 3.00 2.38 22.83
GA-20-742 644 307 5 339 824 3 286 183.4 -71.6 351.00 294.40 298.50 4.10 3.08 1.21 Main zone
308.00 316.75 8.75 6.60 1.95 Main zone
GA-20-743 644 337 5 339 913 3 282 182.0 -78.0 480.00 436.60 439.00 2.40 1.88 7.43 Main zone
GA-20-744 644 240 5 339 915 3 283 182.0 -79.0 483.00 439.50 442.50 3.00 2.28 1.44 Main zone
GA-20-745 644 227 5 339 871 3 284 180.9 -69.7 405.00 330.55 333.00 2.45 1.92 1.11 Main zone
GA-20-746 644 486 5 339 786 3 288 184.0 -54.6 225.00
GA-20-747 644 539 5 339 796 3 288 183.0 -63.0 237.00 198.15 204.90 6.75 5.40 5.85 Main zone
Including (3) 204.00 204.90 0.90 0.72 32.70
GA-20-748 644 567 5 339 812 3 288 185.0 -66.0 273.00 211.20 212.20 1.00 0.72 4.20 Hangingwall zone
216.50 222.30 5.80 4.17 4.71 Main zone
Including (3) 219.70 222.30 2.60 1.87 7.71
228.00 230.00 2.00 1.44 8.19 Main zone
GA-20-749 644 497 5 339 861 3 286 183.0 -72.1 99.00 Abandonned due to excessive drill hole deviation
GA-20-750 644 613 5 339 796 3 291 181.4 -65.9 234.00 195.00 204.80 9.80 7.25 27.75 Main zone
Including (3) 196.00 200.35 4.35 3.22 58.37
GA-20-751 644 497 5 339 861 3 286 190.0 -76.0 366.00 329.50 330.60 1.10 0.85 2.80 Main zone
335.00 337.00 2.00 1.55 1.80 Main zone
GA-20-752 644 613 5 339 796 3 286 186.0 -76.0 267.00 221.60 222.60 1.00 0.67 6.50 Hangingwall zone
228.40 232.40 4.00 2.67 1.45 Hangingwall zone
235.20 237.90 2.70 1.81 9.37 Main zone
GA-20-753 644 687 5 339 910 3 282 181.0 -83.0 468.25 400.65 406.25 5.60 3.85 0.95 Main zone
464.00 466.00 2.00 1.42 1.06 Footwall zone
GA-20-754 644 668 5 339 810 3 286 185.0 -58.0 216.00 175.70 177.20 1.50 1.27 1.76 Main zone
179.70 185.40 5.70 4.81 1.75 Main zone
213.00 214.00 1.00 0.84 7.19 Footwall zone
GA-20-755 644 668 5 339 810 3 286 180.0 -45.0 195.00 156.50 161.40 4.90 4.50 2.09 Main zone
GA-20-756 644 687 5 339 910 3 283 200.0 -88.0 532.80 463.00 464.00 1.00 0.66 0.71 Main zone
511.00 513.00 2.00 1.12 2.31 Footwall zone
GA-20-758 644 687 5 339 910 3 282 184.0 -67.0 366.00 324.50 325.60 1.10 0.91 2.80 Main zone
GA-20-759 644 570 5 339 993 3 284 175.9 -88.8 81.00 Abandonned due to excessive drill hole deviation
GA-20-760 644 727 5 339 778 3 284 182.0 -65.7 240.40 157.70 164.30 6.60 5.15 3.73 Main zone
Including (3) 161.70 164.30 2.60 2.03 6.46
190.10 191.50 1.40 1.09 1.44 Footwall zone
GA-20-763 644 345 5 339 928 3 280 183.0 -70.0 448.20
6297.65
Table 1 : Rouyn Project Drilling Results - 2020 Lac Gamble Drilling program
UTM NAD83 Zone 17
No significant results
No significant results
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
Hole No. AZ DIP Depth /
length From To Interval True
Width (1) Au (2) (3) NOTE
Easting Northing Elevation (°) (°) (m) (m) (m) (m) (m) (g/t)
AS-14-636W (4) 646 038 5 340 052 2 953 173 -73 331.00 565.40 571.10 5.70 4.56 2.75 Upper zone
616.00 617.00 1.00 0.81 5.72 Lower Piché zone
623.00 625.50 2.50 2.04 3.33 Main zone
AS-19-725 646 120 5 339 905 3 301 183 -63 324.00 181.10 185.95 4.85 3.57 0.73 Upper zone
250.40 251.70 1.30 0.99 1.03 Main zone
257.15 260.90 3.75 2.77 1.34 Main zone
AS-19-726 646 293 5 339 966 3 302 184 -81 432.00 282.00 285.00 3.00 1.60 1.79 Hangingwall
298.90 304.50 5.60 3.01 2.16 Upper zone
363.25 366.60 3.35 1.82 0.87 Main zone
372.00 375.00 3.00 1.63 1.54 Main zone
AS-19-727 646 253 5 340 065 3 308 183 -75 522.00 401.75 405.00 3.25 2.26 3.60 Upper zone
447.50 448.50 1.00 0.70 2.01 Main zone
463.60 466.00 2.40 1.68 1.56 Main zone
472.00 472.80 0.80 0.56 1.91 Main zone
493.00 494.00 1.00 0.71 1.73 Footwall zone
AS-19-728 646 872 5 339 845 3 293 184 -75 259.60 187.60 189.90 2.30 1.46 1.36 Main zone
196.70 199.20 2.50 1.60 1.79 Main zone
AS-19-729 646 827 5 339 852 3 296 182 -68 237.00 177.00 178.40 1.40 1.01 1.46 Upper zone
185.60 189.40 3.80 2.72 3.70 Main zone
AS-19-730 646 910 5 339 847 3 296 180 -68 219.00 159.70 161.70 2.00 1.52 1.04 Main zone
167.20 170.80 3.60 2.73 4.32 Main zone
Including (3) 167.20 168.70 1.50 1.14 8.40
AS-19-731 646 956 5 339 845 3 295 180 -79 253.00 82.50 85.50 3.00 1.82 1.15 Upper zone
AS-19-732 646 681 5 339 846 3 299 178 -73 237.00 172.80 177.80 5.00 3.09 4.58 Upper zone
Including (3) 172.80 173.80 1.00 0.62 14.40
181.00 184.00 3.00 1.85 1.82 Upper zone
193.30 195.30 2.00 1.24 1.79 Main zone
200.80 203.80 3.00 1.89 4.61 Main zone
Including (3) 202.80 203.80 1.00 0.63 9.50
AS-19-733 646 736 5 339 847 3 298 181 -75 252.00 173.05 177.00 3.95 2.48 5.48 Upper zone
Including (3) 173.05 174.00 0.95 0.60 13.30
207.00 208.00 1.00 0.64 2.10 Main zone
AS-19-734 646 943 5 339 875 3 297 180 -81 309.00 255.65 267.00 11.35 6.58 1.75 Main zone
Including (3) 255.65 256.65 1.00 0.58 9.40
AS-19-735 647 048 5 339 926 3 304 178 -58 432.00
AS-19-736 647 048 5 339 925 3 304 186 -76 321.40
AS-19-737 646 167 5 339 907 3 300 176 -70 312.00 201.50 204.50 3.00 2.02 1.34 Upper zone
242.20 243.70 1.50 1.01 2.14 Main zone
AS-19-738 646 176 5 339 958 3 304 180 -77 458.25 371.30 373.50 2.20 1.24 7.94 Lower Piché zone
Including (3) 371.30 372.50 1.20 0.68 12.30
377.90 378.90 1.00 0.56 1.70 Lower Piché zone
422.70 425.20 2.50 1.45 2.52 Main zone
AS-19-739 646 293 5 339 967 3 302 178 -71 354.00 234.00 237.50 3.50 2.40 5.73 Upper zone
287.60 289.30 1.70 1.16 1.64 Main zone
AS-19-740 646 374 5 340 256 3 296 194 -69 663.00 355.40 356.70 1.30 1.07 1.67 Blake River
598.50 601.50 3.00 2.48 1.00 Upper zone
623.00 625.20 2.20 1.84 1.82 Main zone
627.20 628.70 1.50 1.25 1.51 Main zone
633.90 638.10 4.20 3.52 1.53 Footwall zone
AS-19-741 645 963 5 340 058 3 305 191 -82 669.00 563.70 566.40 2.70 1.63 4.16 Upper zone
585.20 594.20 9.00 5.42 5.76 Lower Piché zone
Including (3) 585.20 586.20 1.00 0.60 39.20
610.00 611.20 1.20 0.73 10.90 Lower Piché zone
631.70 632.70 1.00 0.62 1.77 Main zone
635.10 641.60 6.50 4.03 1.92 Main zone
6585.25
Table 2: Rouyn Project Drilling Results - 2019 Astoria Area program
UTM NAD83 Zone 17
No significant results
No significant results
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
Notes:
1. True widths of intersections are estimated at 66-90% of the core interval approximately.
2. Drill hole intercepts are calculated with a lower cut of 1.00 g/t Au and may contain lower grade interval of up to 3 metres in
length.
3. Assays are reported uncut but high grade sub-intervals are highlighted.
4. Drill holes with the suffix W are wedge cuts from previously drilled master holes.
Figure 1: Rouyn Gold – Lac Gamble zone longitudinal section and highlighted 2020 assay results.
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
Figure 2: Rouyn Gold – Astoria area longitudinal section and highlighted 2019 assay results.