Yorbeau Resources Inc.

Highlights: Mineral Resources Estimates issued for the Augmitto, Cinderella, Gamble and Astoria Deposits on a total of 22 gold-bearing lenses to a maximum depth of 900 meters. MREs in the Indicated Resources are 8.29Mt @ 3.44 g/t gold There are additional Inferred Resources of 5.778Mt @ 3.31 g/t gold Gold price = US$1,750.00/oz; USD: CAD exchange rate = 1.30. MONTREAL, April 25, 2023 -- Yorbeau Resources , is pleased to [...]

Yorbeau Resources Inc. , The Company announces drilling results on its new discovery west of the Gwillim fault on its Scott Lake property in Chibougamau, Quebec. Five holes west of the fault all intersected copper, zinc, and silver mineralization over widths ranging from 0.75 meters to 6.6 meters. One of the intersections yielded 0.98% copper, 6.35% zinc and 1.36 ounces/t silver in hole SC-95 W . The discovery holes cover [...]

Yorbeau Resources Inc. , announced today that IAMGOLD Corporation has terminated its option to purchase a 100% interest in Yorbeau's Rouyn property under the definitive option agreement between Yorbeau and IAMGOLD dated December 14, 2018 . IAMGOLD has indicated to Yorbeau that it has reviewed its options with the Rouyn project with respect to which it has invested significant funds over the last four years, and that the [...]

Yorbeau Resources Inc. , completed a 4,586-metre drilling program on its Scott Lake property in early November. Since the last press release on October 5, 2022, the Company has drilled one hole and placed two wedges from hole SC-95 to intersect the new zinc and copper zone located less than 300 metres west of the Scott Lake deposit and the Gwillim Lake regional Fault. The hole and the two wedges all intersected the zinc [...]

Yorbeau Resources Inc. , is pleased to announce the progress of the exploration program initiated in late August 2022 on its Scott property near Chibougamau, Quebec 100% owned by the Company. As of October 5, 2022 three holes have been drilled on the property for a total of 2,615 meters. During this program, which is still ongoing, the company discovered a well mineralized 6.6 meters zone of sulphide rich in chalcopyrite [...]

Yorbeau Resources is pleased to announce that it has completed a fully-subscribed private placement by issuing 25,000,000 Class A common shares composed of 12,500,000 "flow-through" Class A common shares at a price of $0.045 per share and 12,500,000 non-flow-through Class A common shares at a price of $0.035 per share for an aggregate gross proceeds of $1,000,000.00. The Company will use the proceeds raised from the issue [...]

Yorbeau Resources Inc. , is pleased to announce the commencement of a drilling program of more than 4,200 meters on its Scott Lake property, 100% owned by the Company in Chibougamau, Quebec. A drill contract has been signed with Miikan Drilling Inc. Miikan is a joint venture between Chibougamau Drilling Ltd., the Ouj?-Bougoumou First Nations community, and the Mistissini First Nations community, both located in the [...]

Yorbeau Resources announces that the nominees listed in the Company’s management proxy circular dated May 13, 2022 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 14, 2022 in Montreal are set out below. The Rouyn Property, wholly owned by the Company, contains four known gold deposits in the 6-km-long [...]

Yorbeau Resources is pleased to report that its partner IAMGOLD has received all the assay results from its 2021 exploration diamond drilling program completed on the Cinderella and Augmitto areas at the Rouyn Project. IAMGOLD holds a purchase option with Yorbeau for the Rouyn Project which is located 4 km south of Rouyn-Noranda, and approximately 45 km southwest of IAMGOLD’s Westwood operation. The Company is reporting [...]

Yorbeau Resources Inc. is pleased to announce that in order to maintain its option to purchase a 100% interest in the Rouyn property, IAMGOLD Corporation has made the next option cash payment to Yorbeau in the amount of $750,000 corresponding to the fourth in a series of scheduled cash payments to be made to Yorbeau during an Expenditure Period of 48 months. The terms of the definitive option agreement were announced in [...]