TSX-listed Yorbeau Resources has signed a non-binding letter of intent (LOI) with dual-listed Kinross Gold Corporation, giving Kinross the option to acquire a 100% interest in Yorbeau’s Rouyn property, located in the Abitibi greenstone belt, in Quebec. The LOI outlined mutually acceptable terms for a definitive option agreement, under which Kinross would make certain exploration expenditures towards an option to purchase a 100% interest in the property over a four-year period.
