news-releases-2017 Archives - Yorbeau Resources

Yorbeau Resources Inc. Files Technical Report on Preliminary Economic Assessment of Scott Lake Deposit

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Project indicates pre-tax IRR of 16.6% with an NPV8% of $146 million

MONTRÉAL, QUÉBEC - Dec. 19, 2017 - Yorbeau Resources Inc. (TSX:YRB) (the "Company" or "Yorbeau") is pleased to announce that it has filed on SEDAR a Technical Report in compliance with National Instrument 43-101 (NI 43-101) on a Preliminary Economic Assessment ("PEA") of the Company's 100% owned Scott Lake Project near Chibougamau, Quebec. The Technical Report was prepared by Roscoe Postle Associates Inc. ("RPA").

Under the base case PEA, the Scott Lake mineralized material is fed to a new 2,500 tonne-per-day concentrator plant located at the mine site. Results indicate positive economics with a pre-production capital expenditure of $215 million, a net pre-tax cash flow of $519 million, an Internal Rate of Return ("IRR") of 16.6%, a pre-tax Net Present Value ("NPV") of $146 million at an 8% discount rate, and a mine life of 15 years.

The PEA economic analysis is based in part on Inferred Mineral Resources, and is preliminary in nature. Inferred Mineral Resources are considered too geologically speculative to have mining and economic considerations applied to them and to be categorized as Mineral Reserves. There is no certainty the economic forecasts based on this PEA will be realized.

Yorbeau's news release dated November 20, 2017 summarizes the assumptions and key results contained in the Technical Report. There are no material differences between the key results contained in Yorbeau's news release dated November 20, 2017 pertaining to the Scott Lake deposit, from those contained in the Technical Report filed today. Economic analysis in the Technical Report includes both pre-tax and after-tax results.

Qualified Persons

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 Technical Report and PEA referred to in this press were prepared by William E. Roscoe, Ph.D., P.Eng. and Normand Lécuyer, P.Eng. Both are employees of RPA and are independent of Yorbeau. By virtue of their education and relevant experience, they are "Qualified Persons" for the purpose of National Instrument 43-101. William E. Roscoe and Normand Lécuyer have read and approved the contents of this press release as it pertains to the disclosed mining, milling and cost estimate aspects.

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. 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 and on which a positive Preliminary Economic Assessment was recently completed.

More information on the Company may be found on the Company's website at www.yorbeauresources.com.

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. The results of the economic analysis represent forward-looking information, as defined under Canadian securities laws, that is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those presented in the PEA. RPA is of the opinion that the accuracy of the results is in the range of industry wide commonly accepted scoping studies.

Contact information

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

G. Bodnar Jr.
Vice President
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202

Yorbeau Acquires Prospective Zinc Property in the Chibougamau Camp

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MONTREAL, QUEBEC - Dec. 12, 2017 - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") is pleased to announce the acquisition of the KB property located in McCorkill township 35 kilometres east of the town of Chibougamau. The property (locally known also as "Kill Bill") is comprised of 30 claims covering 16.7 square kilometres located in the eastern limit of the Abitibi belt of Quebec (Figure 1). The property is easily accessible through an excellent network of logging roads.

The KB project is considered to be highly prospective for zinc and copper due to the presence of an historic prospect and of drill intercepts associated with a massive sulphide stratigraphic horizon hosted within mafic and felsic volcanics. The property appears to have a geological setting similar to that found at Yorbeau's Scott project, including high grade VMS-style mineralization, presence of felsic tuffs, and potential for high synvolcanic heat flow resulting from the proximity of the Lac Doré (synvolcanic) Complex (Figure 1).

To enlarge Figure 1, please click on the following map:

According to Government files, historical drilling done by Icon Sullivan in 1965 yielded up to 1.9% copper and 11.0% zinc over a core length of 1.0 metre of massive sulphides. Recent trenching and channel sampling of the massive sulphide horizon done in 2012 by vendor Ressources Tectonic Inc yielded an average of 1.4% Cu, 8.1% Zn and 51.5 g/t Ag over a thickness of 0.8 metres. A series of grab samples taken from that trench by geological staff of Cogitore Resources in late 2012 yielded similar results with, in addition, an average gold grade of t 2.2 g/t Au. Note that grab samples are selective by nature and values reported may not be representative of the whole mineralized horizon. Individual assays for the Cogitore sampling are shown in the table below:

sample%Cu%Zng/t Aug/t Ag
234122.0911.500.1351.8
234131.055.730.0531.9
234141.4812.950.3466.0
234150.916.678.2572.9
average1,49,22,256

Mineralization in the above samples consists of banded massive sulphides containing pyrrhotite, pyrite, sphalerite and chalcopyrite.

The KB project was acquired by the signing of an option agreement to acquire a 100% interest from private company Les Ressources Tectonic ("Tectonic"). The option agreement includes total cumulative cash payments of $200,000 and exploration expenditures of $750,000 over a three year period. Except for an initial $30,000 cash payment already made upon signing and the first $150,000 in exploration expenditures, all payments and expenditures are optional. Tectonic would retain a 1% NSR production royalty, which can be bought back entirely at any time for $1.5 million.

Gérald Riverin, President of Yorbeau Resources, commented: "With the current positive outlook for zinc and the recently announced positive Preliminary Economic Assessment at the Scott project, zinc prospects in the Chibougamau mining camp with features similar to the Scott mineralization become strategic for the Company. In spite of local high grade zinc mineralization at surface, the KB project has never been drilled below 150 metres vertical, and has yet to be explored using modern volcanogenic massive sulphides concepts. With the Scott project, our technical team has developed considerable expertise in this type of mineralization in the Chibougamau Camp, and the Company is looking forward to initiate exploration on the new project."

Yorbeau is currently planning an exploration program on the KB property that is slated to begin in the first quarter of 2018. The forthcoming program will include an airborne geophysical survey followed by field reconnaissance and possibly some trenching prior to drilling.

The samples taken by Cogitore in 2012 were shipped in sample bags to the ALS Chemex laboratory in Val d'Or, Québec for sample preparation and analysis with appropriate standards, duplicates and replicates used for quality control purposes.

Mr. Gérald Riverin, PhD, P. Geo., a qualified person (as defined by NI 43-101), has reviewed and approved the content of this release. (Note: some of the former Cogitore staff involved in the sampling are now part of the Yorbeau team and the Company has access to all the previous Cogitore sampling data and assay certificates). The sampling done by Cogitore in 2012 was done by Francis Lefebvre, P.Geo., under the supervision of Sylvain Lépine, P.Geo, now an employee of Yorbeau.

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. 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 and on which a positive Preliminary Economic Assessment was recently completed.

More information on the Company may be found on the Company's website at www.yorbeauresources.com.

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.

Contact information

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

G. Bodnar Jr.
Vice President
514-384-2202
gbodnar@yorbeauresources.com
Toll free in North America: 1-855-384-2202

Kinross Advises Yorbeau of Withdrawal From the Rouyn Project

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MONTRÉAL, QUÉBEC - Dec. 1, 2017 - Yorbeau Resources Inc. (TSX:YRB) (the "Company" or "Yorbeau") announces that it has been advised by KG Exploration (Canada) Inc., an affiliate of Kinross Gold Corporation ("Kinross"), that it will terminate its option to purchase a 100% interest in Yorbeau's Rouyn Property.

As a part of an option agreement (press release dated October 25, 2016), Kinross had committed to spend C$3 million in exploration on the Property in the first 18 months, including no less than 12,500 metres of diamond drilling. In fact, Kinross completed 24,149 metres of drilling on the property within 12 months. The Company is very pleased with the amount of drilling done by Kinross and considers that the large amount of drilling done within the C$3 million commitment reflects cost efficiency related to favorable project location and to cost control made possible by a great collaboration between Kinross and Yorbeau staff.

Yorbeau's management consider that the drilling has advanced the project by confirming the extension of the Gamble Lake and Astoria mineralized systems at depth, with local improvement in grade and continuity. The drilling also confirmed that locally two mineralized structures (Footwall and Lower Piché) at Astoria may combine to yield possibly wider zones with a more favorable geometry for mining. The best drill results at the Gamble Lake zone included 7.9 g/t Au over 5.9 m, 14.7 g/t Au over 3.0 m and 10.0 g/t Au over 3.0m. At Astoria, the best results were in hole AS-17-678 which yielded 5.4 g/t Au over 30.1m, including 23.7 g/t Au over 4.1m. Other significant assays at Astoria included 11.6 g/t Au over 4.7 m and 5.3 g/t gold over 13.0 m, both with higher grade narrower intervals. The drill results were all disclosed in press releases of May 8 and September 19, 2017 respectively, with drill hole locations shown on longitudinal sections.

With the withdrawal of Kinross from the project, Yorbeau will resume drilling on near surface targets which include a geophysical anomaly near the Cadillac Break and the extension of the Stadacona Mine structure into the Rouyn project (Wright Rouyn target - see press release of April 18, 2012). This drilling is scheduled to start in the first quarter of 2018.

Mr. Gérald Riverin, PhD, P. Geo., a qualified person (as defined by NI 43-101), has reviewed and approved the content of this release.

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. 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 and on which a positive Preliminary Economic Assessment was recently completed.

More information on the Company may be found on the Company's website at www.yorbeauresources.com.

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.

Contact information

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

G. Bodnar Jr.
Vice President
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202

Yorbeau reports positive Preliminary Economic Assessment of Scott Zinc -Copper Deposit in Québec.

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  • Project indicates pre-tax IRR of 16.5% with an NPV8 of $144 million.

Montréal, November 20, 2017 - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") is pleased to announce results of a Preliminary Economic Assessment ("PEA") prepared by Normand Lécuyer, P.Eng. and Jeff Sepp P.Eng. of Roscoe Postle Associates Inc. ("RPA").

Under the base case PEA the Scott mineralized material is fed to a new 2,500 tonne-per-day concentrator plant located at the mine site. Results indicate positive economics with a pre- production capital expenditure of $215 million, a net pre-tax cash flow of $516 million, an Internal Rate of Return ("IRR") of 16.5%, a pre-tax Net Present Value ("NPV") of $144 million at an 8% discount rate, and a mine life of 15 years. Tables 1, 2 and 3 show summaries of LOM estimated project capital costs and operating costs for the base case scenario.

Table 1: Scott Project Preliminary Economic Assessment Highlights:

(based on US$1.30/lb Zn, US$3.50/lb Cu, US$23/oz Ag, US$1500/oz Au and Canadian dollar exchange rate of US$0.80) - all values in Canadian $'s unless noted otherwise)

Base Case: All Ramp Scenario with New Concentrator at Mine Site
Net Cash Flow- Pre-tax Net Cash Flow of $515.8 million
IRR- Pre-tax IRR of 16.5% with a 6-year payback
NPV- Pre-tax NPV(8%) of $144.0 million
Operating Costs- Life of mine ("LOM") Opex Costs of $89.02/tonne mined (includes mining, milling, G&A and Environmental)
Capex

- Pre-production capital of $215.47 million,


- Sustaining capital cost of $113.2 million

Production (Payable)

Production annuelle de pointe


- Zinc (years 9 - 12) : 75 million lbs. Zn in 72,405 t of concentrate


- Copper (years 5 - 8) : 15 million lbs. Cu in 28,467 t of concentrate


- Silver (years 5 - 8) : 395,835 oz in Cu concentrate

Mine Life- Planned mine life of 15 years
LOM Mill Feed- Estimated Plant Feed of 12,024,000 tonnes grading 4.14% Zn, 0.81% Cu, 26.59 g/t Ag and 0.24 g/t Au over LOM
Mill Recoveries

- Average LOM recoveries : Zn: 87% , Cu : 85%


   - Ag : 45% reporting to the Cu concentrate,


   - Au : 63% reporting to the Cu concentrate

MINING AND DEVELOPMENT

The preproduction mine development is carried out by a mining contractor and turned over to the mine crews in year one. Contractor rates were used for the preproduction period while manpower estimates were made for the owner operators commencing in year one of the mine production. Although a shaft scenario was considered, an all ramp system was selected as the most appropriate and the mineralized zones are therefore accessed via a ramp system. The Scott Project will take approximately two to three years of initial development to prepare the mine for production. Mining during the LOM will include 50% mineralized material from Longitudinal LH stopes, 26% from Transverse LH stopes, 11% from Cut and Fill stopes, and 13% from development. The Stringer type mineralization will be mined using the Longitudinal stoping method and thus represents a large portion of the production profile.

RPA has used a sublevel interval of 20 m, as no geotechnical work has been completed to sufficiently assess the ground support requirements. There is an opportunity to potentially increase the sublevel interval however only for the Transverse stopes while maintaining good control of the mineralization limits and mining dilution. Once more geotechnical work is completed, level spacings may be increased, reducing capital and operating costs. The ramp option achieves production more quickly than a shaft option, however, peak production is not achieved for 4 years, and limited to 2,350 tpd, due to the development required to establish sufficient working levels.

PROCESSING

A concentrator would have to be built on site and the mill production mirrors the mine production. The mill feed would produce copper and zinc concentrates assumed to be commercially viable. Mill recoveries for the concentrates based on early metallurgical test work are shown in Table 1. The test work is considered incomplete and values for gold recoveries in the concentrate need to be verified. In RPA's opinion, additional testing of the massive sulphide material and the stringer material independent of each other are required to adequately understand the metallurgica l response and obtainable marketable concentrate products.

The recoveries used in this initial analysis and shown in Table 1 are based on the assumption of further optimization relative to metallurgical testing completed to date. The testing has indicated a high consumption of lime, required to adjust the pH values in the circuit. The limited testing will necessitate additional work to properly assess the processing cost from the point of view of reagent consumption.

Table 2: Scott Project Preliminary Economic Assessment - Operating Costs:

 Cost ($/t milled)
Mining54.14
Processing27.49
General & Administration7.40
TOTAL
89.02

Numbers may not add due to rounding.

Table 3: Scott Project Preliminary Economic Assessment – Pre-production Capital Costs:

 $(millions)
Mining52.58
Processing60.00
Infrastructure15.78
Tailings4.65
Sub Total
133.01
EPCM*46.55
Contingency35.92
TOTAL
215.47

*EPCM : Engineering Procurement Construction Management

Numbers may not add due to rounding.

RECOMMENDATIONS

Among several recommendations made by RPA, the following are of note :

  • The Study is based in part on Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them. Therefore, additional in-fill diamond drilling to bring Inferred Resources to the Indicated category is required before further economic studies are considered. Given the level of accuracy needed for the drilling, an underground exploration program may have to be considered.
  • A preliminary evaluation of an all-ramp versus ramp and shaft modes of access showed that the shaft scenario would increase the daily mining rate while lowering the operating and sustaining capital costs, however, at the expense of higher pre-production capital expenses. Additional tonnage discovered at depth may give additional support to the shaft scenario and it is recommended to continue exploring the mineralized system at depth and in particular west of the Gwillim Lake fault.
  • An underground exploration program, involving a ramp and drill accesses, would provide a head start on mine development, with a positive impact on project economics.
  • The mine design and schedule were based on preliminary knowledge of ground conditions and rock mechanics. To support the next stage of mine design it is recommended to perform prefeasibility- level geotechnical studies, as part of the underground exploratio n program.
  • Estimated mill recoveries for the concentrates are based on early metallurgical test work. The test work is still incomplete and additional testing of the massive sulphide mineralization and the stringer mineralization independent of each other are required to adequately understand the metallurgical response during processing of both types of mineralized material for the life of the mine and to obtain marketable concentrate products.
  • Discussion with the Province of Québec and the Canadian Environmental Assessment Agency should be initiated to confirm Environmental Assessment (EA), permit and approvals requirements. Environmental baseline data collection and engagement with Indigenous communities should also be initiated.

"We are very excited about the results of the PEA study on Scott, which provides a strong, initial foundation for eventual development of a new mine in the Chibougamau camp." stated Dr. Gérald Riverin, Yorbeau's President. "The ideal location of the project in an area already blessed with all necessary infrastructure has led to maintaining infrastructure capital costs to a relatively low level when compared to similar zinc projects. The horizontal widths and favorable geometry of the mineralized zones support the use of low cost long hole mining methods which had a big positive impact on the results of the study. Yorbeau is now in a position to evaluate a number of options to develop the Scott deposit."

The project has been valued using a discounted cash flow (DCF) approach. This method of valuation requires projecting yearly cash inflows, or revenues, and subtracting yearly cash outflows such as operating costs and capital costs. At this early stage of the study, royalties and provincial or federal taxes have not been included. Cash flows are taken to occur at the middle of each period. The resulting net annual cash flows are discounted back to the first year of valuation, and totaled to determine net present values (NPVs) at the selected 8 percent discount rates. The internal rate of return (IRR) is calculated as the discount rate that yields a zero NPV. The payback period is calculated as the time needed to recover the initial capital spent.

For readers to fully understand the information in this news release, they should read the Technical Report supporting the PEA in its entirety, including all qualifications, assumptions and exclusions that relate to the PEA, which will be filed on SEDAR at www.sedar.com and on the Yorbeau Resources website at www.yorbeauresources.com within 45 days of the date of this news release. The Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context.

The PEA is considered preliminary in nature and includes economic analysis that is based, in part, on Inferred Mineral Resources. Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would allow them to be categorized as Mineral Reserves, and there is no certainty that the results will be realized.

Mineral Resources are not Mineral Reserves because they do not have demonstrated economic viability.

Qualified Persons

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 Technical Report and PEA referred to in this press were prepared by Normand Lécuyer and Jeff Sepp. Both are employees of RPA and are independent of Yorbeau. By virtue of their education and relevant experience, they are "Qualified Persons" for the purpose of National Instrument 43-101. Normand Lécuyer and Jeff Sepp have read and approved the contents of this press release as it pertains to the disclosed mining, milling and cost estimate aspects.

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.

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

G. Bodnar Jr. Vice President
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. The results of the economic analysis represent forward-looking information, as defined under Canadian securities laws, that is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those presented in the PEA. RPA is of the opinion that the accuracy of the results is in the range of industry wide commonly accepted scoping studies.

Yorbeau reports high grade intercepts, including a 30.1 metre interval grading 5.4 g/t gold from Kinross drilling on Rouyn property

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- 23.7 g/t gold over 4.1 m and 19.3 g/t gold over 4.1 m in holes AS-17-678 and AS-17-678W

- 11.6 g/t gold over 4.7 m and 5.3 g/t gold over 13.0 m in holes AS-17-669 and AS-17-676W

- 2016-2017 drilling campaign now completed with 22 new holes and 10 wedge-cuts totalling 24,149 metres.

MONTREAL, QUEBEC - Sept. 19, 2017 - Yorbeau Resources Inc. (TSX:YRB) (the "Company" or "Yorbeau") is pleased to provide an update on the Company's 100% owned Rouyn property ("Property") in Quebec, Canada, where its partner Kinross Gold Corporation ("Kinross") has now completed 24,149 metres of drilling.

As a part of an option agreement (press release dated October 25, 2016) Kinross committed to spend C$3 million in exploration on the Property in the first 18 months, including no less than 12,500 metres of diamond drilling. Yorbeau is very pleased with the amount of drilling done by Kinross as part of the firm commitment. The Company considers that the large amount of drilling done within the C$3 million commitment reflects cost efficiency related to favorable project location and to cost control made possible by a great collaboration between Kinross and Yorbeau staff.

The Kinross drill program focussed on the Astoria and Lac Gamble deposits with the aim of identifying high-grade shoots at depth within the broad mineralized gold corridor represented by the Piché Group. A recent intercept at Astoria in hole AS-17-678 suggests that the Footwall and Lower Piché zones may be merging at least locally, providing significantly wider mineralized zones. This newly interpreted zone called "Main Zone" returned high grade gold and supports potential to add significant resources at depth. Results are summarized in the table below. Drill hole locations are shown on the attached longitudinals (Figures 1 and 2).

Note: gold grades reported below are uncut and depth intervals are core length.

Drill holeFromToZoneAu (g/t)Core length (m)
AS-17-669594.8598.8Upper Piché2.74.0
AS-17-669696.8701.5Main zone11.64.7
AS-17-672690.0691.5Upper Piché11.41.5
AS-17-676W495.0498.0Upper Piché6.03.0
AS-17-676W507.3520.3Main zone5.313.0
including507.3510.9Main zone8.03.6
516.8520.3Main zone7.43.5
AS-17-678677.0707.1Main zone5.430.1
including677.0682.0Lower Piché5.35.0
687.2691.1Lower Piché5.03.9
693.1697.6Lower Piché3.04.5
703.0707.1Footwall23.74.1
AS-17-678W 674.2678.3Main zone19.34.1
including676.7677.4Main zone107.00.7
AS-17-673561.5564.9Lower Piché1.93.4
GA-17-670W853.0857.0Lower Piché2.94.0
GA-17-671843.8847.2Lower Piché4.73.4
GA-17-671W796.4799.4Lower Piché3.33.0

Core lengths are reported above. Horizontal widths range from about 75 to 85% of the core lengths.

Gérald Riverin, Company president commented: "We are quite enthusiastic about the recent drilling results as they show local improvement in grade and continuity at depth. The possibly wider Main Zone at Astoria is the kind of grade and geometry we are looking for, and we are looking forward to finalize the new interpretation and see how it could impact the 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 and Quality Assurance/Quality Control 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 Laboratoire Techni-Lab S.G.B of Ste-Germaine-Boulé, Quebec. Thorough QA/QC protocols are followed on the project including insertion of duplicate, blank and standard samples in all drill holes. All samples are analyzed by 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 special protocol involving fine grinding, followed by a four fraction metallic screen on the entire sample and analysis using a minimum of two 50 gram aliquot on each fraction.

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

G. Bodnar Jr.
Vice President
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 the aggregate size of the private placement and the use of proceeds of the private placement 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 Appointment of New Director to the Board

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MONTREAL, Sept. 05, 2017 - Yorbeau Resources Inc. (TSX:YRB) (the "Company" or "Yorbeau") is pleased to announce the appointment of Terry J. Kocisko to the Board of Directors and as member of the Audit Committee.

Mr. Kocisko has a Bachelor of Commerce from McGill University in Montreal specializing in Accounting & Finance. He has over thirty years of business experience and has been the Chief Executive Officer of many corporations. Over the years he has founded and successfully operated several insurance brokerages and has sold them to multinational public corporations.

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 recently announced signing 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.
griverin@yorbeauresources.com
Tel : 819-279-1336

G. Bodnar Jr.
Vice President
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 the aggregate size of the private placement and the use of proceeds of the private placement 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 Second Tranche of a Private Placement

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MONTREAL, Aug. 31, 2017 - Yorbeau Resources Inc. (TSX:YRB) (the "Company" or "Yorbeau") is pleased to announce that it has completed the second tranche of a $1,500,000 non-brokered private placement (the "Private Placement") by issuing 2,286,429 common shares at a price of $0.105 per share for gross proceeds of $240,075.05.

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

Three insiders subscribed for a total of 961,901 common shares having an aggregate subscription price of $100,999.61. As insiders of the Company participated in the Private Placement, it is deemed to be a "related party transaction" as defined under Multilateral Instrument 61-101—Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Private Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(a) and 5.7(a)) as the fair market value of the common shares distributed to, nor the consideration received from, interested parties exceeded 25% of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the closing of the Private Placement as participation of the insiders had not been confirmed at that time.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

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 recently announced signing 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.
griverin@yorbeauresources.com
Tel : 819-279-1336

G. Bodnar Jr.
Vice President
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 the aggregate size of the private placement and the use of proceeds of the private placement 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 confirms Excellent Concentrate Grades and Good Recoveries during Metallurgical Test at its Scott project

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Montréal, August 29, 2017- Yorbeau Resources Inc. (TSX: YRB) (the “Company” or “Yorbeau”) is pleased to report results from metallurgical tests at its Scott project in Quebec.

A composite sample weighing 55 kilograms was prepared from drill core selected from several representative drill holes from all mineralized zones forming the Mineral Resources except the Selco lens. The composite sample is considered to be representative of the Mineral Resources and contained approximately the same ratio of massive sulphides and stringer sulphides as shown in the Mineral Resources (re: press release of March 30, 2017).

A series of metallurgical tests were completed by Chibougamau-based Services Métallurgiques Metchib, in cooperation with SGS Canada Inc. in Québec city. The work done includes a mineralogical characterization (QEMSCAN), a Davis Tube magnetic test, an oxidation and activation test, 11 batch flotation tests, and a “locked cycle” flotation test. The batch flotation tests were done to determine the response of the mineralization to various grinds and flotation parameters, and to determine the process and flowsheet to be used for the locked cycle test. The locked cycle test was designed to replicate at bench scale, as much as possible, the physical and chemical conditions that would ultimately be used at industrial scale in a concentrator.

Based on the QEMSCAN analysis and the preliminary tests, a primary grind of 55 microns was selected for the tests. A total of six cycles were completed in the locked cycle test. The concentrates obtained in cycles B and C are considered representative of the final copper concentrate, while the concentrate obtained in cycle F is considered the closest representative of the final zinc concentrate (see details below). The highlights of the tests are presented below.

Copper concentrate

  • In the chalcopyrite batch flotation tests various copper concentrate grades were obtained, ranging from 19% Cu to 33% Cu, and a good copper concentration potential with low zinc content was shown.
  • During the locked cycle test, the highest copper grade achieved in a given cycle was 27.2% Cu.
  • The locked cycle test (cycles B-C) showed an overall 82% copper recovery in a 23.3% Cu concentrate.
  • Copper concentrate grade for cycle B:
% Cu % Zn g/t Au g/t Ag Fe%
25.4 6.5 8.5 612 27.5
  • Although the full mass balance and recovery estimate still remain to be done for gold, the high gold and silver grades in the copper concentrate are very encouraging. These results reflect the strong affinity between precious metals and the copper concentrate, which is critical for recovery of payable precious metals.
  • According to the report submitted by Metchib’s metallurgists, it appears in light of all the metallurgical test work done for the Scott deposit, that once the optimization of the process is done, it will be possible to achieve an 84% copper recovery at 25% Cu in the copper concentrate.
  • Trace element content – copper concentrate cycle B:
arsenic <30 berylium <0.07 bismuth <200
cadmium 137 cobalt <30 mercury 1.4
lead 7500 antimony <20 selenium <50

All analyses in ppm (parts per million)

Zinc concentrate

  • In the sphalerite batch flotation tests, a recovery of over 80% was achieved at a concentrate grade of 48% Zn, this before any cleaner stage. A higher recovery was expected during the locked cycle test, since the Cu cleaner tails stream is to be sent into the zinc circuit.
  • The locked cycle test showed an overall 83% zinc recovery in a 51.1% Zn concentrate.
  • Zinc concentrate grade for the last cycle F:
% Cu % Zn g/t Au g/t Ag Fe%
0.6 53.3 0.27 63.6 11.9
  • According to the report submitted by Metchib’s metallurgists, it appears in light of all the metallurgical test work done for the Scott deposit, that once the optimization of the process is done, it will be possible to achieve an 87% zinc recovery at 55% Zn in the zinc concentrate.
  • Trace element content – zinc concentrate cycle F:
arsenic <30 berylium <0.07 bismuth <200
cadmium 1110 cobalt <30 mercury 3.0
lead 771 antimony <20 selenium <50

All analyses in ppm (parts per million)

The concentrates produced in the tests are clean of typical unwanted (so-called “nasty”) elements such as arsenic, antimony, cadmium and mercury. Other metals such as lead and zinc in the copper concentrate, or iron in the zinc concentrate, have good potential of being reduced while upgrading the concentrates during process optimization. Therefore, both the copper and the zinc concentrates appear to be of “commercial quality”, particularly in terms of copper and zinc grades, but also in terms of their very low contents of arsenic, mercury, and cadmium.

The above metallurgical results were obtained from “standard” flotation process with “off the shelf” standard reagents. They represent a very important milestone for the Scott project and will serve as additional strong technical support for the on-going Preliminary Economic Assessment by Roscoe Postle Associates.

Gérald Riverin, Company president commented: “We are very pleased with the results obtained in the metallurgical test. Indeed, while a critical milestone for the Scott project was reached by outlining very important mineral resources, the metallurgical test is yet another important milestone. Indeed, the results of the test clearly indicate that zinc and copper recoveries are very good and, most importantly, that excellent metal concentrates comparable to typical commercial grade concentrates can be obtained from the resources. The next step will be the completion of the on-going Preliminary Economic Assessment.

Metallurgical work was performed and supervised by Jonathan Lapointe, P.Eng., of Services Métallurgiques Metchib, and Dominique Lascelle, M.Eng., of SGS. Chemical analyses were done by SGS. The work was commissioned for Yorbeau by 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.

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 recently announced signing 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.
griverin@yorbeauresources.com
Tel : 819-279-1336

G. Bodnar Jr.
Vice President
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 the aggregate size of the private placement and the use of proceeds of the private placement 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 Resources Inc. Announces Election of Directors

MONTREAL, QUEBEC - June 28, 2017 - Yorbeau Resources Inc. (TSX:YRB.A) ("Yorbeau" or the "Company") announces that the nominees listed in the Company's management proxy circular dated May 19, 2017 were elected as directors of Yorbeau. The detailed results of the vote for the election of directors held at the annual general meeting of shareholders on June 22, 2017 in Montreal are set out below.

Nominee Votes For % For Votes Withheld % Withheld
Georges Bodnar Jr. 128,020,602 92.31 10,665,589 7.69
Pierre Gagnier 128,788,002 92.86 9,898,189 7.14
Amit Gupta 128,019,602 92.31 10,666,589 7.69
Marcel Lecourt 129,488,043 93.37 9,198,148 6.63
Gérald Riverin 128,716,643 92.81 9,969,548 7.19


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 recently announced signing 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.
griverin@yorbeauresources.com
Tel : 819-279-1336

G. Bodnar Jr.
Vice President
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 the aggregate size of the private placement and the use of proceeds of the private placement 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 First Tranche of a Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

MONTREAL, QUEBEC, June 15, 2017 - Yorbeau Resources Inc. (TSX:YRB.A) (the "Company" or "Yorbeau") is pleased to announce that it has completed the first tranche of a $1,500,000 non-brokered private placement by issuing 11,999,285 common shares at a price of $0.105 per share for gross proceeds of $1,259,924.92. EMD Financial Inc. acted as finder in connection with such private placement.

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

The Company also announced that its ticker for trading on the Toronto Stock Exchange, which is currently "YRB.A", will be modified to "YRB" effective at the opening of markets on June 30, 2017.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

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

G. Bodnar Jr.
Vice President
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 the aggregate size of the private placement and the use of proceeds of the private placement 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.