Yorbeau Resumes Drilling at Scott Project to Test Geophysical Target WEST of the Gwillim Fault.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
YORBEAU RESUMES DRILLING AT SCOTT PROJECT TO TEST GEOPHYSICAL
TARGET WEST OF THE GWILLIM FAULT.
Montreal, April 9, 2019 – Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the "Company") is pleased
to announce that diamond drilling has resumed at its Scott project in the Chibougamau area of Quebec.
The Scott project contains a number of zinc -copper-gold-silver massive sulphide and stringer sulphide
zones located in northwestern Scott Township. Based on a Preliminary Economic Assessment (PEA)
completed in late 2017 by Roscoe Postle Associates (RPA), the project represents an opportunity to develop
an operating mine located within close proximity to the towns of Chibougamau and Chapais, a typical
northern mining environment, offering the advantages of living facilities and availability of manpower,
equipment and materials required to develop and operate the project.
On January 29, 2019, the Company announced the beginning of a Phase 1 drilling program with the purpose
of locating the contact of the Chibougamau Pluton and of the Scott mineralized horizon west of the Gwillim
Fault. This phase of drilling was successfully completed and the contact with the Chibougamau Pluton was
indeed identified west of the fault. With this new information, the Company is now in a position to test the
Scott horizon at depth, where the Scott mineralized system is thought to be plunging (see press release of
January 29, 2019).
Most significantly, borehole geophysics was also completed in holes drilled initially in 2013 and that were
deepened as part of Phase 1 , and a very good conductor (borehole geophysical anomaly) was identified
west of the Gwillim Fault in proximity to hole SC-81. Yorbeau’s technical team considers that the quality
of this conductor is typical of massive sulphide lenses and that such conductors become very high priority
exploration targets in a geological environment such as Scott.
The drill rig was left at the site after Phase 1 while waiting for interpreta tion of data, and therefore no
additional mobilization costs were incurred to start the current program.
Gérald Riverin, Company president commented: “We are very excited to be drilling again at the Scott
project. Without exception, all sulphide lenses identified so far at Scott were discovered while following
up geophysical anomalies similar to the one that is targeted in the current program. Our technical staff have
done a terrific job in interpreting the data and establishing the geological context that makes this conductor
such an exciting target.”
Work at Yorbeau is carried out under the supervision of Gérald Riverin, Ph.D ., P. Geo. He is a qualified
person (as defined by NI 43-101) and has reviewed 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
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
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 t echnical reports that include
resource estimates and that were filed in accordance with Regulation 43 -101. 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 feature an infrastructure favourable for mining development.
The newly acquired base metal properties include the Scott Project, 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:
Gérald Riverin, PhD, P. Geo G. Bodnar Jr.
President, Yorbeau Resources Inc. Vice-President, Chief Financial Officer
Yorbeau Resources Inc. Yorbeau Resources Inc.
[email protected] [email protected]
Tel: 819-279-1336 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,
including without limitation, regarding the prospects of the Scott 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.