Yale Identifies Significant Geophysical Anomalies at Guadalupe
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to
announce that a recently completed geophysics program at the wholly
owned Guadalupe Property, on behalf of our partner Gold American Mining
Inc., has identified multiple potentially significant geophysical
anomalies.
A total of 22 line kilometres of geophysics were performed at Guadalupe.
The geophysical survey was designed to test down to depths of 500
metres. The key results from the geophysics program are:
- Magnetic susceptibility survey was successful in identifying the trace
the near surface extensions of the known veins. The presence of
additional parallel anomalies suggest the potential for additional veins
that do not outcrop
- Induced Polarization anomalies indicate the potential for down dip
extensions to the main veins within the property.
- A potentially significant chargeability anomaly (Induced Polarization)
occurs in the southern portion of the property in between the Santa Rosa
and San Antonio Mines at depth starting at 400 m, which is below the
known depth of these historically important mines.
?These are compelling targets that support our interpretation that the
Guadalupe has the potential to host potentially significant
mineralization at depth. These new geophysical anomalies can now only be
properly tested with a drilling program?, stated Ian Foreman, P.Geo.,
president of Yale.
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
historically important mines - Santa Rosa and San Antonio.
Ian Foreman, P.Geo, is the Qualified Person, according to National
Instrument 43-101, for the Guadalupe Project and is responsible for the
technical data mentioned in this news release. The presence of
geophysical anomalies does not guarantee that there is a deposit.
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