Yorbeau Resources Begins an Exploration Program on Its Beschefer Property in Northwestern Québec
22 Enero 2025 - 7:00AM
Yorbeau Resources Inc. (TSX: YRB), (“Yorbeau” or
the “Company”) has commenced the first phase of its
2025 exploration program in the Selbaie Mine area. This first phase
consists of approximately 6,000 metres of drilling on the Beschefer
property located 9 km southeast of the former Selbaie producer
(56.9 Mt @ 0.87%, Cu 1.85%, Zn 39 g/t Ag) and immediately east of
the B-26 Zone currently being developed by Abitibi Metals and
Soquem (11.3 MT @ 2.13% Cu Eq (Ind) & 7.2 MT @ 2.21% Cu Eq
(Inf)).
The objective of the first phase is to explore
the eastward extension of the B-26 Zone to an average depth of
approximately 400 metres, as well as providing access for
electromagnetic downhole drill surveys. The drilling program will
include at least 8 holes (6,000 metres) covering more than 2.6 km
along the B-26 horizon, where Yorbeau has already obtained several
significant values in copper and zinc between 1999 and 2001 (1.8%
copper over 1.5 metres, 0.2% copper and 0.32% zinc over 16 metres,
0.5% copper over 12 metres).
A second phase of work will be dedicated to
sector B-14 in the northwest of the property. In this area,
geophysical work in 2020 and 2021 revealed several geophysical
anomalies along strike from the B-14 Zone. It is anticipated that
these targets will be drilled in late 2025 or early 2026.
Approximately 5,600 metres of drilling are planned for this
phase.
The Beschefer property program consists of:
- Exploring immediately east of the
Abitibi Metals boundary for the continuity of the copper-zinc-gold
and silver mineralization of the B-26 Zone.
- Verifying on section 5750 E a
strong alteration zone (West Zone 2 Rivindex) located more than 2
km from Zone B-26.
- For each hole drilled, execute a
downhole EM survey and also survey some previous drilled
holes.
- Testing several induced
polarisation anomalies in the northern sector of the property,
possibly representing the extension of the B-14 gold zone.
In parallel with these two phases, the
compilation of work on the Selbaie-Ouest property is underway and
the Company's geologists expect to propose an exploration program
soon.
The Selbaie-Ouest property is located less than
3 km west of the recent Soquem discoveries (3.49% Zn, 7.9 g/t Ag,
0.33 Pb over 40.15 m) on the Selbaie horizon. This horizon
continues within the Yorbeau property for more than 9 km. In 2008,
Yorbeau drilled a series of holes at the eastern border of
Yorbeau-Soquem and identified the Selbaie horizon with values of
1.7% Zn. Other results were obtained in the southwest, possibly
within the B-26 horizon (0.5% Zn, 173 g/t Ag over 5.4 m). In 2012,
hole SW-12A intersected a copper-nickel-cobalt zone in a gabbro.
This zone of more than 20 metres of disseminated mineralization
contained values up to 0.6% Cu, 0.24% nickel over 1.5 metres.
Over the past 12 months, the area of the former
producer Mine Selbaie north of La Sarre has undergone major
developments with the development of the B-26 Zone and the
discovery of significant copper-zinc mineralization northwest of
the Selbaie mine by Société Soquem (Yorbeau's Selbaie-Ouest
property). In these areas, major work is underway including more
than 56,000 metres of drilling. Yorbeau is in a strategic position
with respect to these two projects. According to the knowledge
acquired by Yorbeau, the host rocks of these deposits could
logically continue for several kilometres within the boundaries of
the Beschefer and Selbaie-Ouest properties (Figure 1). The Company
therefore plans to carry out work for a total amount of
approximately $2.0 million over the next 18 months on these two
properties.
Yorbeau recently announced the completion of the
sale of its Rouyn gold property to Lac Gold Rouyn Inc., for a total
consideration of $25 million (press release dated December 16,
2024). Yorbeau intends to use the proceeds from the sale of the
Rouyn property to fund exploration programs and pre-development
activities on its other properties, including its 2025-2026
exploration work.
The scientific and technical content of this
press release has been reviewed, prepared, and approved by Mr.
Laurent Hallé, Senior Mineral Exploration Consultant with Yorbeau,
who is a “Qualified Person” as defined by National Instrument
43-101 – Standards of Disclosure for Mineral Projects.
Figure 1 Position of the Beschefer and Selbaie-Ouest
properties
About Yorbeau Resources
Inc.
Yorbeau Resources is a Canadian public company
(TSX: YRB) involved in gold and base metal exploration in Quebec,
Canada. The Company’s focus is on seeking a partner to further
explore and develop its Scott Lake zinc copper deposit near
Chibougamau Quebec (refer to Yorbeau’s National Instrument 43-101
compliant technical report dated December 6, 2017, titled
“Technical Report on the Preliminary Economic Assessment for the
Scott Lake Project, Northwestern Québec, Canada,” available on the
Company’s SEDAR+ profile at www.sedarplus.ca). Yorbeau also intends
to focus on continuing exploration on its well-located properties
in the Detour, Joutel and Selbaie region of north western Quebec.
These properties include the Beschefer property which is adjacent
to the B-26 base metal deposit now being explored by Abitibi Metals
Corp. and the Selbaie West property adjacent to Soquem (Wagosic
property) where they are presently intersecting base metal values
along the Selbaie mine horizon.
Additional information about the Company is
available on its website in http://www.yorbeauresources.com.
For more information, please
contact:
G.
Bodnar Jr.President, Chief Financial OfficerYorbeau Resources
Inc.gbodnar@yorbeauresources.comTel: 514-384-2202 |
Laurent Hallé, P. GeoSenior ConsultantYorbeau Resources
Inc.lhalle@yorbeauresources.comTel: 819-629-9758 |
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Toll-free in North America: 1-855-384-2202
Forward-Looking Statements:
Except where statements are made with respect to historical facts,
all statements contained in this news release, including those
relating to the drilling program, any future exploration plans of
the Company, the intended use of proceeds from the sale of the
Rouyn property, as well as any statements relating to future plans
and objectives, are forward-looking statements that involve
significant risks and uncertainties. There can be no assurance that
these statements will prove to be accurate. Actual results and
future events could differ materially from those anticipated in
these statements. Yorbeau disclaims any obligation to update these
statements unless required by applicable securities laws.
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2bd39145-c1c7-4402-8def-764b074303d2
Yorbeau Resources (TSX:YRB)
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