Yorbeau Resources Inc. Begins a Deep Drilling Program ON the Scott Lake Property, Chibougamau, Quebec.
LES RESSOURCES YORBEAU INC.
50 boulevard Crémazie Ouest, Suite 403, Montréal, Québec H2P 2T1
www.yorbeauresources.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
YORBEAU RESOURCES INC. BEGINS A DEEP DRILLING PROGRAM ON THE SCOTT
LAKE PROPERTY, CHIBOUGAMAU, QUEBEC.
Montreal, Quebec, August 23, 2022 - Yorbeau Resources Inc. (TSX: YRB), (" Yorbeau" or the
"Company") is pleased to announce the commencement of a drilling program of more than 4,200
meters on its Scott Lake property, 100% owned by the Company in Chibougamau, Quebec.
A drill contract has been signed with Miikan Drilling Inc. M iikan is a joint venture between
Chibougamau Drilling Ltd., the Oujé-Bougoumou First Nations community, and the Mistissini First
Nations community, both located in the Eeyou-Istchee territories.
This program aims to increase the known reserves of 17.85 million tons of copper, zinc, gold and
silver mineralization (RPA 2017, NI 43- 101) under the "GAP" lens to a depth of more than 1,100
meters and to verify an electromagnetic conductor west of the Gwillim fault where very little work
has been done to date (Figure 1).
The lenses of the Scott Lake deposit are aligned more or less in an east -west direction and are
truncated by the Gwillim fault. The conductor west of the fault could, if it contains metals, open a
new exploration area on the west side of the property.
Drilling east of the Gwillim Fault will involve testing the GAP lens to a depth of more than 1,000
meters vertically, approximately 200 and 300 meters below the deepest known mineralized
intersection of the GAP lens.
The drill program that Yorbeau is undertaking on its Scott Lake property in the Chibougamau region
is designed to increase the value of the project and evaluate alternatives leading to the
development of this base metals project by Yorbeau or a potential partner.
In 2015, Yorbeau expanded its portfolio of properties in Quebec by acquiring strategic base metals
properties in regions with high potential in the Abitibi belt which offer favorable infrastructure to
mine development.
Acquired base metal properties include the Scott Lake Project comprising several mineralized
zones that have volcanogenic massive sulphides (« VMS » mineralization characteristics) . The
VMS-style mineralization at the Scott Project includes several distinct lenses of stratiform massive
sulphide located along or near rhyolite- andesite/basalt contacts. In addition to sulphides, distinct
areas of vein-like and disseminated sulphides of SMV (stingers) style, which can either connect to
massive sulphides or not, have been intersected over a distance of at least 2 kilometers in an east-
west direction. According to a Preliminary Economic Assessment ("PEA") conducted in late 2017
by Roscoe Postle Associates ("RPA"), the project represents an opportunity to develop a mine
located near the mining towns of Chibougamau and Chapais offering the housing benefits as well
as the availability of labor, equipment and materials needed for the project.
LES RESSOURCES YORBEAU INC.
50 boulevard Crémazie Ouest, Suite 403, Montréal, Québec H2P 2T1
www.yorbeauresources.com
About Yorbeau Resources
The 100% owned Rouyn property contains four known gold deposits in the six -kilometre-long
Augmitto-Astoria corridor located in the western part of the property. The Company signed a
definitive agreement in December 2018 that gives IAMGOLD the option to acquire a 100% interest
in the Rouyn property, and a major drilling program is underway on the property. Two of the four
deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the
subject of technical reports that include resource estimates and have been filed in accordance with
NI 43-101.
Additional information about the Company is available on its website ,
http://www.yorbeauresources.com.
For more information, please contact:
G. Bodnar Jr. Laurent Hallé P. Geo
President, Chief Financial Officer Senior Consultant
Yorbeau Resources Inc. Yorbeau Resources 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 the statement of historical fact, all statements in this news
release, including without limitation, regarding the drilling program, as well as all 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.
LES RESSOURCES YORBEAU INC.
50 boulevard Crémazie Ouest, Suite 403, Montréal, Québec H2P 2T1
www.yorbeauresources.com