Yorbeau Approves Drilling Program to Test Lemoine MINE Extension at Depth IN Chibougamau CAMP, Quebec.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
112223005
PRESS RELEASE
FOR IMMEDIATE RELEASE
YORBEAU APPROVES DRILLING PROGRAM TO TEST LEMOINE MINE EXTENSION AT
DEPTH IN CHIBOUGAMAU CAMP, QUEBEC.
Montreal, Quebec, September 17, 2020 – Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or
the "Company") is pleased to report that a geological compilation and a borehole geophysics
modeling deliver high-priority targets along the highly prospective Lemoine horizon. These targets
are located approximately 400 metres down dip of the mined-out deposit and 800 metres from
the surface.
The Lemoine Mine is located 25 km south of Chibougamau and produced 0.76 Mt of high-grade
massive sulphide ore from 1975 to 1983 (Figure 1). 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 of grade). The deposit was
closed off by drilling below 400 metres vertical. However, the deepest hole drilled from
underground in this sector (hole 12L-27) returned a high-grade massive sulphide intersection of
43 cm grading 4.3% Cu, 6.3% Zn and 1.1 g/t Au (see Figure 2).
In 2013, hole LEM-63W was designed to make a follow-up on the 12L-27 intersection but did not
reach the target due to excessive deviation. Although, borehole geophysics in this hole detected
two off-hole conductors. Geophysical modeling made by INTER Géophysique shows a strongly
conductive plate of 250 Siemens (target #1) located 70 met res below 12L-27. In addition, a
second conductor of 70 Siemens (target #2) was detected along the Lemoine horizon, which has
been shifted by a mafic dyke (Figure 3). These conductors are open at depth.
Two holes for approximately 2500 metres are planned to test the se targets and borehole
geophysics will be completed. A drill permit has been received and Miikan Drilling Inc. will mobilize
to the property in the coming weeks as soon as a large drill rig is available.
G. Bodnar Jr., Company president commented: “The board of directors unanimously approved,
in accordance with Yorbeau’s strategic advisor, this exciting drilling program. A new high- grade
VMS discovery at Lemoine could be a game changer for Yorbeau’s Chibougamau projects
including Scott. We can’t wait to test these targets in the next few weeks.’’
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
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
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
112223005
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 filed 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 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 sta tements, other than as
required by applicable securities laws.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
112223005
Figure 1. Location map of Yorbeau’s projects in the Chibougamau camp, Quebec, including
Lemoine property.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
112223005
Figure 2: Long section of Lemoine horizon showing target #1 and target #2.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
112223005
Figure 3: Level plan -800m showing a discordant mafic dyke crosscutting and shifting the Lemoine
horizon. Target #1 is located on the south side of the dyke and the target #2 is located on the
north side.