Montreal, May 10, 2011 – Yorbeau Resources Inc. (\u201cYorbeau\u201d) is pleased to announce that it has accepted a proposal from Roscoe Postle Associates Inc. to prepare a mineral resource estimate and supporting NI 43-101 Technical Report for the Augmitto Block on the Company\u2019s Rouyn Property.<\/p>\n
\u00a0The Augmitto deposit, which was the focus of much historical work by previous owners, lies at the western extremity of the Rouyn Property.\u00a0 Detailed compilation work by the Company over the last several months, which integrates new information on the geological structures coming from the drilling programs over the last two years, has led to a re-interpretation of historical drill data and the recognition of important controls for gold mineralization. The current drill program, which is on-going and focused on the Augmitto deposit, has been designed to include in-fill and definition drilling with a view to growing the Company\u2019s NI 43-101 compliant resources.\u00a0 It is anticipated that Roscoe Postle will be able to deliver the resource estimate during the month of June.<\/p>\n
\u00a0The Rouyn Property, which is located four kilometres south of the city of Rouyn-Noranda, covers a twelve kilometre stretch of the Cadillac-Larder Lake Break.\u00a0 Over the last two years the Company\u2019s drill programs have shown the continuity of the ore hosting structures and rock types on the property for a distance of approximately six kilometres from the Augmitto deposit to the Astoria mine.<\/p>\n
\u00a0At the present time the Company\u2019s only NI 43-101 compliant resource is at the Astoria mine where there are 349,100 ounces of gold in the measured and indicated categories (2,000 ounces in the measured category and 347,100 ounces in the indicated category).\u00a0 Both Astoria and Augmitto benefit from the existence of extensive surface and underground infrastructure which would represent substantial savings in development cost in the event of commercial production.<\/p>\n
\u00a0About Yorbeau Resources Inc.
\nThe raison d\u2019\u00eatre of Yorbeau is to identify a world class gold deposit in a major mining camp. Against the backdrop of a market that is steadily more welcoming for gold, Yorbeau is poised to significantly increase the known gold resources on its properties in Northern Quebec.<\/p>\n
For further information, please contact:<\/p>\n
Thomas L. Robyn, Ph.D.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 David Crevier \u00a0Forward-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.<\/p>\n","protected":false},"excerpt":{"rendered":" Montreal, May 10, 2011 – Yorbeau Resources Inc. (\u201cYorbeau\u201d) is pleased to announce that it has accepted a proposal from Roscoe Postle Associates Inc. to prepare a mineral resource estimate and supporting NI 43-101 Technical Report for the Augmitto Block on the Company\u2019s Rouyn Property. \u00a0The Augmitto deposit, which was…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2270","post","type-post","status-publish","format-standard","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/posts\/2270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/comments?post=2270"}],"version-history":[{"count":0,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/posts\/2270\/revisions"}],"wp:attachment":[{"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/media?parent=2270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/categories?post=2270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/tags?post=2270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nPresident and CEO\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Chairman of the Board
\nYorbeau Resources Inc.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Yorbeau Resources Inc.
\ntlrobyn@yorbeauresources.com<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 dcrevier@yorbeauresources.com<\/a>
\nTel.: 514-384-2202\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Tel.: 514-284-3663
\nToll free in North America: 1-855-384-2202
\n\u00a0
\nG. Bodnar Jr.
\nDirector
\nYorbeau Resources Inc.
\ngbodnar@yorbeauresources.com<\/a>
\nTel.: 514-384-2202
\nToll free in North America: 1-855-384-2202<\/p>\n