Yorbeau Resources sells Rouyn gold project for $18.5 million

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The Rouyn property covers a 12-kilometre stretch of the Cadillac-Larder Lake Break, one of the major fault zones in Quebec’s Abitibi region, and has a total area of nearly 27 square kilometres.

Due to its size, the property is divided into several major blocks, two of which has had significant exploration in the past with a combined NI 43-101-compliant gold resource of over 70,000 oz. Recent exploration by Kinross Gold also highlighted the potential of an additional 1.7 million oz., though this figure requires further exploration to confirm.

“The Rouyn property is an outstanding opportunity. We are focused on Quebec, being ranked as one of the world’s most attractive mining investment jurisdictions, and it is apparent that the Yorbeau team has defined a considerable mineral endowment with clear potential to rapidly increase in size,” commented Matthew Keegan, chairman of Lac Gold.

Following the sale of the Rouyn project,…

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