Yorbeau, Bourlamaque reach agreement

An agreement has been signed by Yorbeau Resources and Bourlamaque Mining Exploration whereby the latter may earn a 50% interest in Yorbeau’s Vauper property in northwestern Quebec.

Bourlamaque may earn its 50% interest by paying Yorbeau $165,000 and spending $2 million before June 30, 1990, on exploration work. The agreement is subject to regulatory approval.

A drilling program is planned for this year, with Yorbeau acting as operator.