Yale Announces Additional Results from Guadalupe
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to
announce additional positive results from the wholly owned Guadalupe
property, located in the heart of the Fresnillo district, on behalf of
partner Gold American Mining Inc.
Fieldwork continues to identify additional veins within the property ?
as such several veins remain without names. To date nine veins have been
mapped within the Guadalupe property. In certain locations the width of
sampling was limited by the size of the workings and as such the true
width of mineralization remains unknown. The highlights from the most
recent sampling program are listed below:
Sample | Location | Type | Width (m) | Au (g/t) | Ag (g/t) | |||||
1703 | Veta Centenario | Chip | 0.6 | 0.97 | 282.0 | |||||
1712 | Veta San Augustin | Chip | 1.0 | 0.25 | 74.0 | |||||
1718+21 | Veta Santa Rosa | chip | 1.1 | 0.15 | 130.2 | |||||
including | 0.4 | 0.23 | 218.0 | |||||||
1731 | Unnamed vein | Chip | 1.3 | 0.21 | 172.0 | |||||
1732 | Unnamed vein | Chip | 1.0 | 0.40 | 182.0 |
Several previously unknown historic shafts were also identified within
the property. It is apparent that these shafts were sunk along strike
from other workings as there are often no outcrops in the vicinity of
the shafts. In these situations the mineralized dumps near those
workings were sampled. The key results from those new dumps are listed
below:
Sample | Location | Type | Description | Au (g/t) | Ag (g/t) | |||||
1701 | Unamed vein | Dump | Sandstone with strong calcite veining | 1.41 | 70.2 | |||||
1706 | Veta Centenario | Dump | Ryolitic fragments and abundat quartz veins | <0.03 | 138.0 | |||||
1707 | Veta Centenario | Dump | quartz veins with strong iron oxide | 0.09 | 230.0 | |||||
1715 | Veta San Antonio | Dump | very oxidized sandstone with calcite viens | 1.04 | 74.0 | |||||
1724 | Unamed vein | Dump | silicified breccia with strong oxides | 0.04 | 93.8 |
Several exposures/workings that occur immediately off of the property
were also sampled. These areas were sampled because the veins are known
to continue onto the property, however there are no exposures
immediately on the property side of the boundary. The following results
are provided for reference only:
Sample | Location | Type | Width (m) | Au (g/t) | Ag (g/t) | |||||
1709 | Veta Marcos de Oro | Dump | - | 0.48 | 254.0 | |||||
1711 | Veta Marcos de Oro | Dump | - | 0.17 | 132.0 | |||||
1725 | Veta San Antonio | Chip | 0.7 | 1.63 | 470.0 | |||||
1726 | Veta San Antonio | Chip | 1.0 | 0.86 | 106.0 | |||||
1727 | Veta San Antonio | Chip | 0.6 | 2.44 | 22.3 |
About the Guadalupe Property:
The 282.84 hectare Guadalupe Property is located approximately 4
kilometres north of the city of Fresnillo, Zacatecas State, Mexico. The
property is approximately 8 kilometres north of the Fresnillo (Proaño)
Mine, the world′s richest underground silver mine operated by Fresnillo
plc. The property is also approximately 11 kilometres northeast of the
Juanicipio Joint Venture between MAG Silver Corp. and Fresnillo plc.
The Property contains greater than 20 known workings as well as two
historic mines ?Santa Rita and San Antonio. Historic records containing
references to the Santa Rita and San Antonio mines suggest that both
mines were important and reached their height of production between 1910
and 1920 but were last in production in the 1980′s.
Highlight results from the first phase exploration program were (see
news release dated May 13, 2010):
1.00 g/t Au and 946.9 g/t Ag over 1.1m
including 1.83 g/t Au and 1,800.0 g/t Ag over 0.5 m
0.30 g/t Au and 622.0 g/t Ag from a mineralized dump
0.59 g/t Au and 330.0 g/t Ag over 0.7 m
5.35 g/t Au and 1,189.0 g/t Ag from a mineralized dump
About Yale Resources:
Yale Resources is an exploration and development company concentrating
in northwestern Mexico that is building value through project
generation. Yale has three of its properties optioned out to value added
partners. These agreements combine for minimum commitments of
approximately US $1,250,000 of exploration expenditures over the next 12
months. Yale continues to work on its non-optioned properties as well as
reviewing new projects.
Samples from the Guadalupe property were prepared and analyzed by
Stewart Labs in their facilities in Mexico and Kamloops, respectively.
Samples generally consisted of 1-3 kg of material. Gold and silver
analyses were performed by 30 gram fire assay with an AA finish. Samples
with greater than 100 g/t silver were re-assayed using gravimetric
methods.
Ian Foreman, P.Geo., is Yale Resources′ Qualified Person, as defined by
National Instrument 43-101, for the Guadalupe property. The Guadalupe
property is an early stage project with no reported resources that
requires additional sampling and geological mapping to fully determine
the project′s potential.
On behalf of the Board,
'Ian Foreman?
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at
604-678-2531
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release, other than purely historical
information, including statements relating to the Company′s future plans
and objectives or expected results, may include forward-looking
statements. Forward-looking statements are based on numerous assumptions
and are subject to all of the risks and uncertainties inherent in
resource exploration and development. As a result, actual results may
vary materially from those described in the forward-looking statements.
Yale Resources
Mr. Cary Martin, 604-678-2531 ext. 223