Yorbeau is planning a major exploration program of more than $2.0 million on its properties in the Selbaie and Val D’Or areas of Quebec in 2024 and 2025.
YORBEAU RESOURCES INC.
50 boulevard Crémazie Ouest, Suite 403, Montréal, Québec H2P 2T1
www.yorbeauresources.com
Yorbeau is planning a major exploration program of more than $2.0
million on its properties in the Selbaie and Val D’Or areas of Quebec
in 2024 and 2025.
PRESS RELEASE
FOR IMMEDIATE DISTRIBUTION
Montréal, October 28, 2024 - Yorbeau Resources Inc. (TSX: YRB) (the “ Company” or “ Yorbeau”) is
pleased to provide an update on its upcoming exploration on its high-potential strategic metals (Copper,
Zinc, Nickel, and Cobalt) properties in Beschefer, Selbaie West, and Landrienne. The Company plans to
invest nearly $2 million on three properties over the next 18 months. The Company intends to fund these
programs using the proceeds of the $1 million private placement of flow-through class A common shares
of the Company completed in August 2024 and a portion of the $25 million purchase price to be received
from the sale of its Rouyn gold property.
Highlights:
6,610 meters of drilling on the possible extension of the B-26 Copper and Zinc zone of Abitibi Métal-
Soquem.
Verification of induced polarization targets on the extension of the B-14 gold zone.
Verification of the new Nickel and Copper zone in northern part of Selbaie-West property.
Characterization of the Detour-Selbaie host rock mineralization of Soquem. Detour-Selbaie
minéralisation on Yorbeau ground.
Verification of gravity anomaly targets near the Landôme deposit.
The Company will focus on base metal exploration in line with the Quebec and Federal governments’
inclusion of copper, zinc, nickel, and cobalt as strategic minerals. Moreover, these metals are in high
demand globally, with prices rising, making their availability crucial for Western countries.
The Company recently announced the entering into of a binding agreement for the sale of its Rouyn gold
property to Lac Gold Rouyn Inc. for a total purchase price of $25 million (press release dated October 2,
2024). This transaction, when closed, will provide additional funding for the Company’s 2024-2025
exploration work.
Over the past 12 months, the area of the former producer Mine Selbaie north of La Sarre has seen major
exploration with the development of the B-26 zone by Abitibi Métal-Soquem and the discovery of significant
YORBEAU RESOURCES INC.
50 Boulevard Crémazie, ouest suite 403, Montréal, QC, H2P 2T1
www.yorbeauresources.com
copper and zinc mineralization northwest of the Selbaie mine by Soquem. These two sectors are currently
the subject of major work totaling 56,000 meters of drilling. Yorbeau holds a strategic position relative to
these two projects. Based on Yorbeau’s acquired knowledge, the host rocks of these deposits could
logically extend several kilometers within the boundaries of the Beschefer and Selbaie-West properties (see
Figure 1). The Company plans to undertake exploration amounting to over $1.7 million on these two
properties over the next 18 months.
Figure 1 Localisation of Yorbeau properties
Beschefer Property
For 2024 and 2025, the Company plans for exploration work totaling $1,574,500, including $1,284,250 on
the B-26 zone and $288,250 on the B-14 zone. Over 6,500 meters of drilling is planned, as well as a 1,352
km airborne magnetic and electromagnetic survey covering the entire property (completed in August 2024).
This survey will help better define geological contacts, highlight intrusive bodies, and identify discordant
structures. The survey was conducted along north-south lines spaced 100 meters apart.
The Beschefer property program was designed to:
YORBEAU RESOURCES INC.
50 Boulevard Crémazie, ouest suite 403, Montréal, QC, H2P 2T1
www.yorbeauresources.com
Trace the continuity of copper-zinc-gold and silver mineralization from the B-26 zone immediately
east of Abitibi Métals-Soquem boundary.
Verify a strong alteration zone, located over 2 km to the east of B-26 zone.
Obtain a complete magnetic map of the property for more precise geological contact and structure
tracing.
Conduct downhole EM surveys for the current drilling campaign and certain older drill holes.
Verify several induced polarization anomalies in the northern sector, possibly corresponding to the
extension of the B-14 gold zone.
Figure 2 Drill targets on B-14 zone extension
Selbaie-Ouest Property
For the years 2024 and 2025, the Company plans exploration work for an amount of $250,000. A 1,000
meter drilling program and geophysical surveys will be planned in the coming weeks.
The Selbaie-Ouest property program has been designed to:
YORBEAU RESOURCES INC.
50 Boulevard Crémazie, ouest suite 403, Montréal, QC, H2P 2T1
www.yorbeauresources.com
Test the copper and nickel mineralization in the northern part with an induced polarization survey
and 1,000 meters of drilling.
Characterize the felsic rock unit hosting the Détour-Selbaie mineralization on Yorbeau ground.
The Selbaie-Ouest property sector has undergone significant developments. Soquem over the past two
years has discovered important values of copper-zinc and silver mineralization on a felsic rock horizon on
its Wagosic property. This horizon crosses the eastern boundary of the Yorbeau Selbaie-West property as
indicated by a drill section completed in 2017 in hole SW-04 (0.5% Cu, 1.07% Zn over 5.5 meters). The
Company intends to carry out geophysical surveys and drilling. The budget and exploration program for the
extension of the copper and zinc mineralization is being prepared and will be disclosed later.
In parallel with the Copper and Zinc mineralizations, hole SW-12A (February 2012) was resampled to obtain
full metal values along the mineralized zones. In fact, in 2012, the drilling had only been partially analyzed
in the disseminated sulphide zones which returned 0.24% Ni and 0.6% Cu over 1.5 meters. The new assays
returned values of 0.09% Cu and 0.12% Ni over 7.9 meters (344.4 to 352.3), as well as 0.12% Cu and
0.09% Ni over 33 meters (364 to 397.7), including 0.4% Cu and 0.18% Ni over 2.85 meters (378.5 to
381.35). These new data, combined with the bleb textures observed throughout the drilling (Figure 3),
suggest a possible larger magmatic copper-nickel system. Geophysical surveys and drilling are necessary
in the area. The Company is therefore planning an induced polarization survey and a 1,000 meter drilling
campaign for a budget of $250,000.
Figure 3 Bleb texture in SW-12A
Landrienne Property
Over the past two years, Yorbeau has conducted induced polarization and gravity surveys in the eastern
sector of the property. Several geophysical anomalies (figure 4) have been identified within 700 meters of
YORBEAU RESOURCES INC.
50 Boulevard Crémazie, ouest suite 403, Montréal, QC, H2P 2T1
www.yorbeauresources.com
the Landôme deposit (251,304 tonnes grading 2.48% Cu and 2.02% Zn). These targets will be verified with
700 meters of drilling on two targets at a depth of about 250 meters before the end of the year.
Figure 4 Gravimetric targets on Landrienne (GéophysicTMC)
The scientific and technical content of this press release has been reviewed, prepared, and approved by
Mr. Laurent Hallé, Senior Mineral Exploration Consultant with Yorbeau, who is a “Qualified Person” as
defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects .
YORBEAU RESOURCES INC.
50 Boulevard Crémazie, ouest suite 403, Montréal, QC, H2P 2T1
www.yorbeauresources.com
For more information, visit the website: www.yorbeauresources.com or contact:
G. Bodnar. Jr Laurent Hallé, P. Géo.
President and CFO Senior Consultant
Ressources Yorbeau Inc. Ressources Yorbeau Inc.
[email protected] [email protected]
Tel: 514 384 2202 Tel: 819 629 9758
Toll-free in North America: 1 (855) 384-2202
Forward-looking Statements:
Except for statements of historical facts, all statements in this press release, including without limitation
those concerning Yorbeau’s planned exploration programs, closing of the sale of Yorbeau’s Rouyn property
(the “Transaction”) and the intended use of proceeds thereof, and future plans and objectives, are forward-
looking statements involving risks and uncertainties. These risks and uncertainties include, but are not
limited to, the failure of the parties to the Transaction to satisfy the closing conditions to the Transaction,
failure of the parties to satisfy such conditions in a timely manner, and risks related to the payment of the
unpaid balance of the purchase price for the Transaction and the timing of any such payments, and the
risks and uncertainties described in Yorbeau’s most recently filed annual information form. Failure of the
parties to satisfy the conditions to the completion of the Transaction or to complete the Transaction may
result in the Transaction not being completed on the proposed terms, within the anticipated timeframe, or
at all. There is no assurance that any such statements will prove accurate. Actual results and future events
may differ materially from those anticipated in such statements. Yorbeau disclaims any obligation to update
such statements, otherwise than as required by applicable securities laws.