Yorbeau Completes Downhole Geophysical Survey and Resumes Drilling 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 COMPLETES DOWNHOLE GEOPHYSICAL SURVEY AND RESUMES DRILLING
AT THE LEMOINE PROJECT IN CHIBOUGAMAU, QUEBEC.
Montreal, Quebec, January 20, 2021 – Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the
"Company") is pleased to announce the completion of a downhole geophysical survey in hole
LEM-66W2 and resumes drilling at its Lemoine project in the Chibougamau area of Quebec
(Figure 1).
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. 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 terms of grade). The current drilling program
is 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.
The downhole geophysical survey in LEM -66W2 has been interpreted by two independent
geophysicists and results clearly indicate a strong «in- hole» type anomaly of 400 siemens. The
modelled conductive plate has a dimension of 125 metres by 200 metres and its centre is located
50 metres up-east of LEM-66W2 (Figure 2).
As published previously, (see Yorbeau’s news releases dated December 23, 2020) quantity and
texture of mineralization observed in hole LEM -66W2 do not explain this strong geophysical
conductor. Therefore, in accordance with geophys icists and geologist’s recommendations,
Yorbeau’s board of directors unanimously approved a follow-up drill hole to test the centre of the
modelled plate. This follow-up hole (LEM-66W3) of 400 metres is under way using wedges and
should be completed in approximately ten days.
Work is carried out by 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
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
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
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 revised modelled conductive plate of
target #1.