Yorbeau Consolidates Interest IN Its Beschefer Property
YORBEAU RESOURCES INC.
110 Place Crémazie O, Suite 503, Montréal, QC, H2P 1B9
www.yorbeauresources.com
NEWS RELEASE
FOR IMMEDIATE RELEASE
YORBEAU CONSOLIDATES INTEREST IN ITS BESCHEFER PROPERTY
Montreal, May 28, 2024 - Yorbeau Resources Inc. (TSX: YRB) (the “ Company” or “ Yorbeau”) is pleased
to announce that it has completed the acquisition of the remaining 20% undivided interest (the “Minority
Interest”) in certain mining claims comprising a portion of the Company’s Beschefer property .
The Beschefer property is located in northwestern Quebec, approximately 140 kilometers northwest of the
town of La Sarre and 190 kilometres west of Matagami (Figure 1). The Beschefer property covers an area
of approximately 4,075 hectares and is composed of 128 claims. Yorbeau already held a 100% interest in
all of these claims, except for the 65 claims that were subject to the Minority Interest . Further to the
acquisition of the Minority Interest, Yorbeau owns a 100% interest in all the Beschefer property, subject to
a 1% NSR royalty held by third parties on a portion of the property.
Yorbeau acquired the Minority Interest from International Explorers & Prospectors Inc. (“ IEP”), pursuant to
an agreement entered into among the Company, Explorers Alliance Corporation and IEP, in consideration
of , among other things, the payment by Yorbeau of an amount of $200,000 to IEP.
G. Bodnar Jr., President and Chief Financial Officer of the Company, commented: “Yorbeau is very pleased
to have acquired the remaining minority interest in a portion of its Beschefer property. The whole area
around Beschefer (often referred to as the “ Detour Trend ”) is one of the most active exploration areas in
Quebec. The property is located immediately to the east of the B-26 deposit on which SOQUEM completed
a major definition drilling program. As a result of the acquisition, Yorbeau is positioned to attract interest in
the property from other exploration and mining companies ”.
Figure 1 Yorbeau properties location.
YORBEAU RESOURCES INC.
50 boulevard Crémazie Ouest, Suite 403, Montréal, Québec H2P 2T1
www.yorbeauresources.com
Figure 2 Yorbeau Beschefer and Selbaie -ouest properties.
About Yorbeau Resources Inc.
Yorbeau Resources is a Canadian public company (TSX: YRB) involved in gold and base metal exploration
in Quebec, Canada. Its properties are in northwestern area of the province containing many significant
deposits on the famed Abitibi Greenstone Belt, including major gold mines along the Larder Lake - Cadillac
Break and several volcanic centers hosting major copper -zinc-gold deposits.
Yorbeau is focusing on its Rouyn Gold and Scott Lake Zinc -Copper projects which have demonstrated the
most immediate and substantial prospects for discovery and eventual mine development. While Scott is
very favorably located in the Chibougamau mining camp , Rouyn represents a consolidation of several
contiguous properties strategically located on the famously productive Cadillac Break in the Rouyn -
Noranda Mining Camp. Other holdings of the Company include its interest in the past producing Joutel Gold
Mining Camp and the Beschefer Property adjacent to SOQUEM’s B -26 deposit in the Selbaie Mine area .
YORBEAU RESOURCES INC.
50 boulevard Crémazie Ouest, Suite 403, Montréal, Québec H2P 2T1
www.yorbeauresources.com
DESCRIPTION OF SOME KEY YORBEAU PROPERTIES
1- ROUYN PROPERTY
The property is located in the heart of the Rouyn -Noranda mining camp. For more than 40 years, Yorbeau
has made significant progress in its exploration programs aimed at defining the mineral potential of the
Rouyn property. Drilling has identified several mineralized zones, confirming the economic potential of the
property fo r high-quality gold resources. Since the first gold discovery on the property, various companies
have drilled a total of 525,236 metres in total. Since 2019, the Company and its former partner (IAMGOLD)
have completed 54,285 metres of drilling.
The new resources are 918,000 ounces of gold in the indicated category and 615,000 ounces of gold in the
inferred category. The resources of the property have been independently calculated by Innov Explo Inc.
of Val d’Or in accordance with National Instrument 43 -101 – Standards of Disclosure for Mineral Projects
(“NI 43-101”).1
Deposit
Cut-off (g/t) Indicated mineral resources Inferred mineral resources
Ultramafic
hosted
Argillite
hosted Tonnage Au
(g/t) Ounces Tonnage Au
(g/t) Ounces
Augmitto-
Cinderella
2.05 2.2 1,769,000 3.65 208,000 940,000 3.17 96,000
Astoria 2.05 2.2 3,236,000 3.30 343,000 3,956,000 3.43 437,000
Gamble 2.05 2.2 3,285,000 3.48 367,000 882,000 2.92 83,000
T otal 2.05 2.2 8,290,000 3.44 918,000 5,778,000 3.31 615,000
These resources have been defined to a maximum depth of 900 metres and remain open at depth and
along strike over some of the zones. The Company plans to actively pursue development work and plans
to start a pre -feasibility study including the application of development permits to relevant government
departments .
2- SCOTT LAKE PROPERTY
The Scott Lake property is located approximately 20 km southwest of the city of Chibougamau. Historically,
the Chibougamau region has produced 1.6 billion pounds of copper and 3.2 million ounces of gold since
1959. The reserves of the Scott Lake property were evaluated in 2017 in a NI 43-101 compliant geological
report by Toronto -based Roscoe Postle and Associates 1. This report indicates that the reserves are 3.57
million tonnes at 0.95% Cu, 4.17% Zn, 37.2 g/t Ag and 0.22 g/t Au in the indicated category and 14.28
million tonnes at 0.78% Cu, 3.49% Zn, 22.3 g/t Ag and 0.22 g/t Au in the inferred category . The preliminary
economic study indicates an IRR of 16.6% and an NPV of $146 million with a pre -production cost of $215
million and net revenue of nearly $2 billion.
3- BESCHEFER PROPERTY
The Beschefer property is located 140 km northwest of LaSarre and 190 km west of Matagami (Figure 2).
The property is less than 200 m from the B -26 copper -zinc zone that contains 7.0 million tonnes at 2.94%
Cu Eq in the indicated category and 4.4 million tonnes at 2.97% Cu Eq in the inferred category . The B-26
1 The technical reports entitled (i) “ NI 43-101 Technical Report and Mineral Resource Estimate for the Rouyn Project, Quebec,
Canada” dated June 9, 2023, with an effective date of April 17, 2023 , and (ii) “ Technical Report on the Preliminary Economic
Assessment for the Scott Lake Project, Northwestern Québec, Canada ” dated December 6, 2017 , are available on SEDAR+
(www.sedarplus.ca ) under Yorbeau’s issuer profile .
YORBEAU RESOURCES INC.
50 boulevard Crémazie Ouest, Suite 403, Montréal, Québec H2P 2T1
www.yorbeauresources.com
horizon is present over more than 9 km on the Yorbeau property. Over the past 20 years, Yorbeau has
drilled several holes indicating the presence of significant mineralization, coupled with zones of significant
alteration, typically associated with volcano genic massive sulphide deposits. Abitibi Metals Inc. recently
announced a 50,000 metres drilling program on the B -26 zone and the B -14 gold zone. Both zones are
immediately adjacent to the Yorbeau claims boundary and both zones appear to continue within th e
Yorbeau property.
4- SELBAIE-OUEST PROPERTY
The Selbaie-Ouest property is located 8 km west of the former Selbaie mine (56.9 million tonnes at 0.87%
Cu, 2% Zn, 39 g/t Ag, 0.55 g/t Au) (Figure 2). It is also located less than 3 km west of the recent Soquem
discoveries (3.49% Zn, 7.9 g/t Ag, 0.33 Pb over 40.15 metres) in the Selbaie horizon. This horizon continues
within the Yorbeau property for more than 9 km. In 2008, Yorbeau conducted a series of drill holes on the
eastern boundary of Yorbeau -Soquem and identified the Selbaie horizon with values of 1.7% Zn. Other
good results were also obtained in the southwest, possibly within the B -26 horizon (0.5% Zn, 173 g/t Ag
over 5.4 metres).
The scientific and technical content of this news release has been reviewed, prepared, and
approved by Mr. Laurent Hallé, Senior Mineral Exploration Consultant with Yorbeau, who is a
“Qualified Person” as defined in NI 43-101.
For more information, please visit our website at http://www.yorbeauresources.com or contact:
G. Bodnar Jr Laurent Hallé, P. Géo.
President and CFO Senior Mineral Exploration Consultant
Yorbeau Resources Inc. Yorbeau Resources Inc.
[email protected] [email protected]
Tel: 514 384 2202 Tel: 819 629 9758
Call free of charge from anywhere in North America at 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 Company’s properties, potential for interest from
third parties in any such properties, 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.