Montreal, October 23, 2012 - Yorbeau Resources Inc. ("Yorbeau") is pleased to provide an update on its 2012 exploration program which is focused on the Lake Gamble Block of the Company's Rouyn property. A recent hole intersected two mineralized zones, respectively assaying 4.3 g/t gold over 13.0 metres and 35.0 g/t gold over 3.0 metres at a vertical depth of less than 200 metres.
The drilling campaign has been ongoing since January 10, 2012 with one drill rig in operation. Encouraging results at shallow depths prompted the Company to drill additional holes and a second drill rig has been mobilized to the property in order to accelerate completion of the program. To date 24 holes and two wedges between sections 7800 E and 8250 E have been completed for a total of about 10,000m. The Company anticipates drilling an additional 2,500m of NQ core and expects to complete the program around mid-December. The purpose of the program is to generate the data necessary to permit the preparation of a resource estimate on the Lake Gamble Block compliant with NI 43-101.
Another hole, GA-592, recently completed on the same section as hole GA-591 at a vertical depth of 600 metres intersected a mineralized zone with 17 specks of visible gold over a core length of 5.0 metres; assays are pending.
The current program includes definition and in-fill drilling so that the piercing points of the various drill holes are located no more than 100m apart. This spacing should permit the estimation of resources in the inferred category under NI 43-101.
"We continue to be impressed by the continuity and extent of the mineralization at Lac Gamble in spite of the sampling challenges caused by the ubiquitous presence of coarse visible gold which accounts for high variability in gold assays. We remain confident that we are working on a significant gold deposit that ultimately may have to be proved up by underground exploration" says President and CEO David Crevier.