Yorbeau Resources Inc. Provides Update on Rouyn Project.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
Yorbeau Resources Inc. Provides Update on Rouyn Project.
Over 16,000 metres of drilling completed
High grade gold intercepts at Lac Gamble confirm potential at depth
Montréal, Ma y 8, 2017 - Yorbeau Resources Inc. (TSX: YRB.A) (the “Company” or “Yorbeau”) is
pleased to report on the exploration drilling done by an affiliate of Kinross Gold Corporation (“Kinross”)
on the Company’s 100% owned Rouyn property (“Property”) in Quebec, Canada. The Company signed a
definitive agreement with Kinross in October 2016 , whereby Kinross has the option to acquire a 100%
interest in Yorbeau’s Rouyn property (“Property”) in Quebec, Canada.
In order to earn the purchase option, Kinross must fund C$12 million dollars of exploration expenditures
over a 4-year period, including a firm commitment to spend C$3 million in the first 18 months and no less
than 12,500 meters of diamond drilling.
As operator, Kinross has already completed a total of 16,048 metres of drilling in 23 holes. This drilling
includes wedge-cuts and holes aborted due to excessive deviation. The meterage completed satisfies the
minimum commitment of 12,500 metres specified in the agreem ent. Kinross reports that as of the end of
March 2017 it has spent approximately C$1.9 million towards the C$3 million firm commitment.
The overall goal of the program is to identify high-grade ore shoots within the broad mineralized gold
corridor represented by the Piché Group of ultramafic rocks. Two main areas on the property, Astoria and
Lac Gamble, have been actively tested since the beginning of the drill program at vertical depths typically
exceeding 600-700 metres. While assays are still pending for several holes numerous assay intervals
exceeding 3.0 grams of gold per tonne have been reported, as shown below:
Note: uncut assay grades are reported and depth intervals are core length.
Astoria Zone
Hole From
(m)
To
(m)
Length
(m) g/t Au Remarks
AS-16-653 835.4 837.8 2.4 7.8 Lower Piché
AS-16-654
675.3 677.6 2.4 16.7 Upper Piché
702.1 708.5 6.5 2.9 Lower Piché
718.0 720.3 2.3 4.9 Footwall Zone
AS-16-654W 676.1 678.8 2.7 5.2 Lower Piché
686.0 688.3 2.3 3.2 Footwall
AS-16-654W2 643.5 646.2 2.7 3.9 Lower Piché
AS-16-655 780.5 785.0 4.5 5.0 Lower Piché
including 780.5 782.6 2.1 7.0
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
AS-16-657 926.0 927.0 1.0 6.3 Lower Piché
933.0 939.6 6.6 3.4 Footwall
AS-16-658 1000.6 1002.5 1.9 5.3 Footwall
AS-17-659 992.0 994.5 2.5 3.3 Lower Piché
AS-17-660 891.0 892.6 1.6 4.7 Lower Piché
902.7 904.5 1.8 7.5 Footwall
AS-17-663 712.8 718.0 5.2 3.2 Upper Piché
750.5 753.2 2.7 6.0 Lower Piché
AS-17-666 676.5 678.0 1.5 5.7 Lower Piché
AS-17-667 860.8 863.3 2.5 6.5 Lower Piché
Lac Gamble Zone
Hole From
(m)
To
(m)
Length
(m) g/t Au Remarks
GA-17-665W 890.7 896.5 5.9 7.9 Lower Piché
including 894.5 896.5 2.0 15.7
GA-17-668 777.5 780.5 3.0 14.7 Lower Piché
GA-17-668W 748.0 751.0 3.0 10.0 Lower Piché
including 748.0 750.0 2.0 14.2
12-GA-579-W1B
779.3 783.3 4.0 5.0 Wedge-cut drilled by Yorbeau in 2012,
assayed in 2017 – Hanging wall Zone
818.0 825.8 7.8 7.0 Wedge-cut drilled by Yorbeau in 2012,
assayed in 2017 - Lower Piché
The core lengths reported above are not true thickness. The horizontal widths range from 75 to 85% of the
core lengths. The assays reported for the Lac Gamble zone include a wedge cut drilled in 2012 by
Yorbeau and which was assayed in 2017 using the metallic screen fire assay method.
Drill hole locations are shown on the attached longitudinals (Figures 1 and 2). Two drill rigs have been
operating since the beginning of the program but was reduced to one drill rig in early April due to wet
spring conditions. In addition to the mineralized intervals described in the above table, the longitudinals
also show the recent holes with lower grades as well as the pierce points of holes previously drilled by
Yorbeau. Significantly, the new drilling on Lac Gamble has outlined a high grade shoot with an apparent
vertical continuity of over 200 m (Figure 2) and further drilling is in progress to test the strike length.
Gérald Riverin, Company president commented : “We are very pleased with the work progress at the
Rouyn property and with the exploration program established by Kinross in cooperation with the Yorbeau
staff. The on-going program is generally confirming the extension of the mineralized systems at depth and
we are looking forward for additional encouraging results at the Rouyn project”.
Work at Yorbeau is carried out under the supervision of Gérald Riverin, PhD, P. Geo. He is a qualified
person (as defined by NI 43-101) and has reviewed and approved the content of this release.
The design of the drilling program, Quality Assurance/Q uality Control and interpretation of results is
under the control of Kinross’ and Yorbeau’s geological staff, including qualified persons employing a
strict QA/QC program consistent with NI 43-101 and industry best practices. Drill core is logged and split
with half -core samples packaged and delivered to ALS Minerals laboratory in Val d’Or,
Quebec. Thorough QA/QC protocols are followed on the project including insertion of duplicate, blank
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
and standard samples in all drill holes. All samples are analyzed b y Fire Assay with an Atomic
Absorption (AA) finish using a 50 gram aliquot of pulverized material. Assays exceeding 3 g/t Au are re -
assayed by Fire Assay with a Gravimetric Finish. Samples with visible gold are processed with a protocol
involving fine grin ding of the entire sample, followed by metallic screen analysis on one kilogram of
pulverized material.
About Yorbeau Resources Inc.
The Company’s 100% controlled Rouyn Property contains four known gold deposits in the 6 -km-long
Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria
and Augmitto, have substantial underground infrastructure and have been the subject of NI 43 -101
technical reports that include resource estimates. The Company has signed an Option Agreement with an
affiliate of Kinross Gold Corporation to pursue exploration on the Rouyn Property (see press release
dated October 25, 2016) . In 2015, the Company expanded its exploration property portfolio by acquiring
strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also
feature infrastructure favourable for mining development. The newly acquired base metal properties
include Scott Lake which hosts important mineral resources (see press release dated March 30, 2017).
More information on the Company may be found on the Company’s website at
www.yorbeauresources.com.
For further information, please contact:
Gérald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
Tel : 819-279-1336
G. Bodnar Jr.
Vice President
Yorbeau Resources Inc.
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202
Forward-looking statements: Except for statement of historical fact, all statements in this news release,
without limitation, regarding new projects, acquisitions, 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.
Trench ASTORIA
?
0 200m
AS-16-658
FW : 5.3 / 1.9
AS-16-655
LP : 5.0 / 4.5
AS-17-660
LP : 4.7 / 1.6
FW : 7.5 / 1.8
AS-16-653
LP : 7.8 / 2.4
AS-16-654W
LP : 5.2 / 2.7
FW : 3.2 / 2.3
AS-16-657
LP : 6.3 / 1.0
FW : 3.4 / 6.6
AS-16-656
LP : 1.5 / 1.0
Astoria longitudinal
Les Ressources
9 800
10 000
10 200
- 1000 m
- 800 m
- 600 m
- 400 m
- 200 m
West
Shaft
East
Shaft
Figure 1
May 8 th, 2017
9 400
9 600
LEGEND
Area of drilling prior to Kinross
Kinross percing points and assays
HW : Hanging Wall
UP : hƉƉĞƌWŝĐŚĠ
LP : >ŽǁĞƌWŝĐŚĠ
FW : Footwall
Yorbeau percing points
Diabase dyke
Hole
g/t Au / m
Lac Gamble
Astoria
LAC GAMBLE
0 200m
12-GA-579-W1B
HW : 5.0 / 4.0
LP : 7.0 / 7.8
Lac Gamble longitudinal
Les Ressources
7 600
7 800
8 000
8 200
8 400
-1000 m
-800 m
-600 m
-400 m
-200 m
Figure 2
May 8 th, 2017
LEGEND
Area of drilling prior to Kinross
Kinross percing points and assays
HW : Hanging Wall
UP : hƉƉĞƌWŝĐŚĠ
LP : >ŽǁĞƌWŝĐŚĠ
FW : Footwall
Yorbeau percing points
Hole
g/t Au / m