Yorbeau Resources begins exploration program at its Beschefer property in northwest Quebec Investing.com

MONTRÉAL, January 22, 2025 (GLOBE NEWSWIRE) — Yorbeau Resources Inc. (TSX: YRB), (Yorbeau or Company) has started the first phase of its 2025 exploration program in the Selbaie mine area. This first phase consists of approximately 6,000 meters of drilling on the Beschefer property located 9 km southeast of the former Selbaia producer (56.9 Mt @ 0.87%, Cu 1.85%, Zn 39 g/t Ag) and immediately east from 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 meters, as well as to provide access for electromagnetic well surveys. The drilling program will include at least 8 holes (6000 meters) covering more than 2.6 km along the B-26 horizon, where Yorbeau has already obtained several significant zinc values ​​between 1999 and 2001 (1.8% copper over 1.5 meters, 0.2% copper and 0.32% zinc over 16 meters, 0.5% copper over 12 meters).

The second phase of the works 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 the extension from zone B-14. These targets are expected to be drilled in late 2025 or early 2026. Approximately 5,600 meters of drilling is planned for this phase.

The Beschefer property program consists of:

1. Exploration immediately east of the Abitibi Metals boundary for continuity of copper-zinc-gold and silver mineralization in the B-26 zone.
2. Check on section 5750 E of the strong change zone (West Zone 2 Rivindex) located more than 2 km from the B-26 zone.
3. For each drilled hole, perform an EM survey of the lowland and also inspect some previous drilled holes.
4. Examination of several induced polarization anomalies in the northern sector of the property, possibly representing an extension of the B-14 gold zone.

In parallel with these two phases, the compilation of works on the Selbaie-Ouest property is in progress and the Society’s geologists expect to propose a program of exploration shortly.

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 on the eastern Yorbeau-Soquema boundary and identified the Selbaia horizon with values ​​of 1.7% Zn. Other results were obtained in the southwest, probably within the B-26 horizon (0.5% Zn, 173 g/t Ag over 5.4 m). In 2012, hole SW-12A intersected the copper-nickel-cobalt zone in the gabbro. This zone of more than 20 meters of disseminated mineralization contained values ​​up to 0.6% Cu, 0.24% Nickel over 1.5 meters.

Over the past 12 months, the former Selbaie producing mine area north of La Sarre has seen major development with the development of the B-26 zone and the discovery of significant copper and zinc mineralization northwest of the Selbaie mine by Société Soquem (Yorbeau’s Selbaie-Ouest property). Major works involving more than 56,000 meters of drilling are underway in these areas. Yorbeau is in a strategic position regarding these two projects. According to Yorbeau’s knowledge, the host rocks of these deposits could logically continue for several kilometers within the boundaries of the Beschefer and Selbaie-Ouest properties (Figure 1). The Company therefore plans to carry out works totaling approximately US$2.0 million over the next 18 months on these two properties.

Yorbeau recently announced the completion of the sale of its Rouyn gold assets 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 at its other properties, including exploration work in 2025-2026.

The scientific and technical content of this press release was reviewed, prepared and approved by Mr. Laurent Hallé, Senior Mineral Exploration Consultant at Yorbeau, who is a Qualified Person as defined by National Instrument 43-101 “Mineral Discovery Standards Projects.

Figure 1. Location of Beschefer and Selbaie-Ouest properties

About Yorbeau Resources Inc.

Yorbeau Resources is a Canadian public company (TSX: YRB) engaged in gold and base metals exploration in Quebec, Canada. The Company’s focus is on seeking partners to further explore and develop its Scott Lake zinc-copper deposit near Chibougamau Quebec (see Yorbeau’s National Instrument 43-101 Compliant Technical Report dated December 6, 2017, entitled Preliminary Economic Assessment Technical Report for the Scott Lake Project, Northwestern (NASDAQ:) Québec, Canada, available on the company’s SEDAR+ profile at www.sedarplus.ca). Yorbeau also intends to focus on continued exploration at its well-located properties in the Detour, Joutel and Selbaie regions of northwestern Quebec. These properties include the Beschefer property located near the B-26 base metal deposit now being explored by Abitibi Metals Corp. and the Selbaie West property near Soquem (Wagosic property) where they currently intersect base metal values ​​along the Selbaie mine horizon.

Additional information about the Company is available at http://www.yorbeauresources.com.

For more information, contact:

Toll free in North America: 1-855-384-2202

Forward-looking statements: Except where statements relating to historical facts are made, 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 all statements which relate to future plans and objectives, are forward-looking statements that involve significant risks and uncertainties. There is no guarantee that these statements will prove to be correct. Actual results and future events may differ materially from those anticipated in these statements. Yorbeau disclaims any obligation to update these statements except as required by applicable securities laws.

The photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2bd39145-c1c7-4402-8def-764b074303d2

Source: Yorbeau Resources Inc.