news-releases-2015 Archives - Page 2 of 2 - Yorbeau Resources

Yorbeau initiates diamond drilling program on the Scott Lake project

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Montréal, May 6, 2015 - Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to announce that drilling at the Scott Lake Project in the Chibougamau mining camp of Quebec started today with one drill rig.

The Scott Lake property, 100% owned by Yorbeau, already hosts a number of polymetallic massive sulphide lenses. These represent combined inferred resources of 5.45 million tonnes grading 1.2% copper, 4.6% zinc, 0.2 g/t gold and 34 g/t silver, using an NSR cut-off of $80 per tonne (Technical Report prepared by Roscoe Postle Associates and filed by Cogitore Resources in 2011).

Recent interpretation work at Scott Lake led to the identification of a fault that seems to cut off the West Lens with an apparent left-handed displacement (to the south), and of a strong conductor located precisely where the West lens (764,000 tonnes grading 0.8% copper, 9.8% zinc, 0.2 g/t gold and 38 g/t silver) seems to have been displaced. This sector is centered between the West Lens and the deeper CFO Lens (377,000 tonnes grading 2.4% copper, 4.8 % zinc, 0.3 g/t gold and 43 g/t silver). In addition, this target area is significantly located where there is an important undrilled gap between the West and CFO lenses. The current drilling program will be specifically targeting the geophysical conductor in this sector. Considering that the best grades in the Scott deposit are located in the vicinity of the interpreted fault, Yorbeau management believes that this target could become a game changer for the project and for Yorbeau.

Work is carried out by the personnel of Yorbeau, under the supervision of Gérald Riverin, Ph D., P.Geo. He is a qualified person (as defined by National Instrument 43-101) and has more than 38 years of experience in mineral exploration.

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 focus of NI 43-101 technical reports that include resource estimates. The Company has recently 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.

More informationon the Company may be found on the Company’s website at www.yorbeauresouces.com.

For further information, please contact:

Gérald Riverin,Ph D., P. Geo
President
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel : 819-279-1336

G. Bodnar Jr.
Director
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
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.

Yorbeau initiates diamond drilling program on the Selbaie West property

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Montréal, March 2, 2015 - Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to announce that drilling at the Selbaie West Property in northwestern Quebec started on February 27 with one drill rig. The first hole is already completed and the Company plans to drill 7 holes totalling 2,500 metres to test several geophysical and geological targets. The drill targets include following-up a silver discovery made by Cogitore in 2012 and which returned 174 g/t silver (over 5 ounces of silver per tonne) over a core length of 5.4 metres. Drilling at the Selbaie West Property is the first phase of the Company’s 2015 exploration program budgeted at $1.4 M and which will comprise 7,500 metres of diamond drilling in 4 projects.

The Selbaie West property is owned 100% by Yorbeau, subject to a back-in agreement with First Quantum Minerals Ltd (successor of Inmet Mining). It is located 8 kilometres west of BHP Billiton’s past producing Selbaie mine and covers 12 kilometres of strike length. The drill targets are located in the same volcanic rock stratigraphic package that hosted the Selbaie mine.

According to public files of the Quebec government, over 53 Million tonnes were mined at Selbaie (both from underground and open pit) over a 23 year mine life (1981-2004), which places this mine in the upper 5% of volcanic massive sulphide deposits (VMS) in terms of ore tonnage. Total metal production over that period amounted to 510,936 tonnes of copper; 1,011,227 tonnes of zinc; 992,477 ounces of gold and 69.7 million ounces of silver. Selbaie West is an exploration project with potential for copper, zinc, gold and silver.

Work is carried out by the personnel of Yorbeau, under the supervision of Gérald Riverin, Ph D, P.Geo. He is a qualified person (as defined by National Instrument 43-101) and has more than 38 years of experience in mineral exploration.

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 focus of NI 43-101 technical reports that include resource estimates. The Company has recently 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.

More informationon 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.
griverin@yorbeauresources.com
Tel : 819-279-1336

G. Bodnar Jr.
Director
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
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.

Yorbeau announces the closing of the purchase and sale transaction with Cogitore Resources

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Montreal, February 2, 2015 - Yorbeau Resources Inc.(TSX: YRB.A) (“Yorbeau” or the “Company”) is pleased to announce that it has closed the purchase and sale transaction with Cogitore Resources Inc. (“Cogitore”) previously announced on October 21, 2014. Pursuant to the transaction, the Company acquired substantially all of Cogitore’s exploration assets in consideration of the issuance of 25 million shares.

The exploration assets acquired by Yorbeau consist of seven (7) base metal exploration properties located in the highly prospective Abitibi Belt of Quebec and Ontario, and a core shack and office building located in Chibougamau. Acquisition of these assets, combined with the exploration properties acquired through the recent business combination with Cancor Mines Inc. (see press release of May 29, 2014) results in Yorbeau becoming a major owner of high quality base metal properties. The properties acquired from Cogitore include the Scott and Lemoine base metal projects in the Chibougamau region. Scott already hosts resources, prepared in compliance with NI 43-101, in the inferred category, of 5.4 million tonnes grading 1.2% copper, 4.6% zinc, 0.2 g/t gold and 34 g/t silver. Highly promising exploration targets ready to be drilled have recently been identified at Scott and opportunities for increasing the resources are considered excellent. The Lemoine project encloses the former producing Lemoine mine from which very high grade massive sulphides have been produced totaling 758,000 tonnes grading 4.2% copper, 9.6% zinc, 4.2 g/t gold and 83 g/t silver (source: Quebec government records). In northwestern Quebec, the projects include Selbaie West and Caribou. Selbaie West encloses the same volcanic package that hosts the former producing Selbaie Mine (53 Mt grading 1.0% Cu, 2.0% Zn, 0.6 g/t Au and 41 g/t Ag) (source: Quebec government records). Recent drilling by Cogitore at Selbaie West led to the discovery of a silver zone grading 174 g/t silver over a core length of 5.4 m with no follow-up ever done on it. The Caribou project is located to the east of Hecla’s Casa Berardi gold mine. It contains a massive sulphide discovery made by Cogitore in 2009 (Caribou discovery) and which yielded high grade massive sulphides over core lengths of up to 2.3 metres. Prospects for possible extensions of the Caribou massive sulphide zone at depth are considered excellent.

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 focus of NI 43-101 technical reports that include resource estimates. As a result of the transaction with Cogitore, Yorbeau now owns a portfolio of high grade volcanogenic massive sulphide (VMS) base metal exploration properties located in promising areas in the highly prospective Abitibi Belt of Quebec and Ontario.

More information on the Company may be found on the Company’s website at www.yorbeauresources.com. The raison d’être of Yorbeau is to identify a world class deposit in a major mining camp.

For further information, please contact:

Gerald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel.: 819-279-1336

G. Bodnar Jr.
Director
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
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.

Yorbeau closes private placement

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Montreal, January 6, 2015 - Yorbeau Resources Inc.(the “Company”) (TSX: YRB.A) is pleased to announce that it has completed a non-brokered private placement of 4,210,000 flow-through common shares at a price of $0.08 per share for gross proceeds of $336,800.

The Company will use the proceeds raised from the issue of the flow-through common shares to incur Canadian exploration expenses on its properties.

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 focus of NI 43-101 technical reports that include resource estimates.

More information on the Company may be found on the Company’s website at www.yorbeauresources.com. The raison d’être of Yorbeau is to identify a world class gold deposit in a major mining camp.

For further information, please contact:

Gerald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel.: 819-279-1336

G. Bodnar Jr.
Director
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
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.