Yorbeau Resources Inc.
TSX : YRB.A

Yorbeau Resources Inc.

December 18, 2014 11:33 ET

Yorbeau Intersects 14.0 g/t Au Over 2.0 Metres at Rouyn Property

MONTRÉAL, QUÉBEC--(Marketwired - Dec. 18, 2014) - Yorbeau Resources Inc. (the "Company" or "Yorbeau") (TSX:YRB.A) is pleased to provide an update on the recent drilling program at the Rouyn project.

The drilling program totaled 3,070 metres in seven holes. Drilling was focused on a 2 kilometre long stretch of the Cadillac break and Piché Group located between the far east boundary of the Astoria deposit and the cross-cutting prolific Smokey Creek structure to which several gold past producers are associated (Stadacona, Senator, Silidor and Elder mines). Historical drilling in this sector has been very limited and restricted to very shallow depths.

The program was targeting gold mineralization associated with the Cadillac Break and the Piché Group at depths ranging from 200 to 400m. Specific objectives of the program included testing the extent of the new gold zone discovered in May 2014 (9.1 g/t Au over 9.0m in hole AS-14-645, press release of July 8, 2014) and two holes testing both the ultramafic rocks of the Piché Group and Timiskaming sediments near the intersection between the Cadillac Break and the Smokey Creek fault. Assay results of the program are tabulated below:

Drill hole from to Core length (m) Grade
Au (g/t )
Remarks
AS-14-646 260.0 262.0 2.0 14.0 V.G., Piché Group
AS-14-647 386.6 387.6 1.0 2.7 Piché
AS-14-648 325.0 326.2 1.2 0.8 Piché
443.3 445.0 1.7 0.6 Sediments (FWZ)
AS-14-649 No significant assays
AS-14-650 332.0 336.0 4.0 0.6 Sediments (FWZ)
BO-14-651 376.5 378.0 1.5 2.8 Piché near Smokey Creek Fault
385.0 387.0 2.0 1.4 Sediments (FWZ)
461.6 462.6 1.0 1.1 Sediments (FWZ)
BO-14-652 292.5 293.5 1.0 2.7 Seds (near Smokey Creek Fault)
393.0 394.2 1.2 1.5 as above
445.8 446.8 1.0 3.5 as above
454.0 455.0 1.0 0.6 as above
465.7 466.7 1.0 1.8 as above

True thickness cannot be measured with any certainty in the above holes but is estimated to be 70% of core length.

Results obtained in AS-14-646 (14.0 g/t Au over 2.0m) and AS-14-647 (2.7 g/t Au over 1.0m) show that mineralization in hole AS-14-645 does extend to the east over a distance of at least 130 metres and that gold mineralization east of the old shaft persists down to 400 metres (see attached longitudinal at http://media3.marketwire.com/docs/Yorbeau1218.pdf). Remaining holes have confirmed the presence of the Piché Group and of sporadic gold values over at least 2 kilometres to the east of the Astoria gold zone. In addition, a basaltic member has now been formally identified in the Piché Group east of Astoria. This is a significant finding for future exploration in the sector since, by analogy with the world class Kerr Addison mine located 42 km to the west, such rocks are seen as better potential traps for gold mineralization due to their higher iron content. Encouraging sporadic gold intercepts hosted in sediments of the Timiskaming Group (e.g. 2.7 g/t Au over 1.0 m and 3.5 g/t Au over 1.0m) have also been found in hole AS-14-652 in the vicinity of the Smokey Creek fault. Further work will need to be done to assess the full significance of these intercepts.

Re-logging of historic (1986 and 1995) drill core in the Astoria sector continued throughout the fall and led to the recognition of mineralized zones that had not been previously sampled. Assay results of recent sampling of the old core yielded the following encouraging assays:

Drill hole from to Core length (m) Grade
Au (g/t )
Remarks
AS95-9043 87.4 91.5 4.1 2.6 Sediments (HWZ)
AS95-7034 77.0 81.0 4.0 0.8 Piché
125.5 128.6 3.1 0.7
AS95-9031A 25.0 29.0 4.0 4.8 Piché
including 25.0 27.0 2.0 9.0
AS95-9040 21.0 26.9 5.9 0.5 Sediments (FWZ)
AS95-9047 29.0 35.0 6.0 1.0 FWZ
AS95-10022 168.0 176.0 8.0 1.1 Piché
186.0 190.0 4.0 0.5 Piché
AS95-9034 7.5 12.0 4.5 1.8 FWZ
20.0 22.0 2.0 0.8 FWZ
28.6 29.6 1.0 2.9 FWZ
AS86-232 268.0 269.0 1.0 0.5 FWZ

Most of the above drill holes are from underground drilling done with highly variable angles and the measured core lengths may not represent true thickness of the mineralized zones. Nevertheless, the above encouraging results definitely support pursuing re-evaluation of historic drill holes.

Finally, outcrops found in the vicinity of the Smokey Creek fault were examined and sampled. In particular, a Timiskaming sediment outcrop well mineralized with sulphides (8% sulphides) returned assays strongly anomalous in gold, ranging up to 0.7 g/t Au. This mineralization is possibly related to the Smokey Creek fault itself and augurs well for a (yet untested) induced polarization anomaly located in a similar environment 350 metres to the south.

Gérald Riverin, P.Geo and president, commented "This first pass of drilling in a previously unexplored area has added well needed technical data that will be integrated into the Company's database in order to guide follow-up work on the Rouyn property. In particular, we are very pleased with hole AS-14-646 which confirms the local presence of high grade gold mineralization east of Astoria. As our exploration team continues to consolidate the information from this work, we look forward to the next phase of work."

The qualified person under National Instrument 43-101 is Laurent Hallé, P.Geo., who has reviewed and approved the content of this release.

Samples were analyzed at ALS Chemex Laboratories in Sudbury, Ontario, by fire assay with atomic absorption and gravimetric finish. The sampling and assaying program was subjected to Yorbeau's QA/QC program that includes inserting blanks and gold standards in batch samples being sent to the assay laboratory.

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.

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.

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