Yale Aqcuires Ag/Cu/Zn Property in Sonora State, Mexico
Yale Resources Ltd. (TSX VENTURE:YLL) (FWB:YAB) is pleased to announce
the acquisition of a 100% interest in the 400 hectare Apache Property,
located approximately 150 kilometres north of Hermosillo, Sonora State,
Mexico. The property is approximately 25 km west of Benjamin Hill and 30
km from Timmins Gold′s San Francisco Mine.
The core mineralized zone at Apache is defined by multiple historic
workings centred on southwest trending veins and veinlets surrounded by
a large zone with strong iron oxide staining. The veins are hosted in
strongly altered metasediments.
Initial sampling from the Apache property returned the following results:
Type |
| Description |
|
|
| ||||||
Chip channel | 1.4 | Quartz-rich structure hosted in metasediments with disseminated copper oxides and crisocola | 42.7 | 1.53 | 2.96 | ||||||
Chip channel | 2.8 | Strongly fractured structure and metasediments with disseminated copper oxides and crisocola | 75.7 | 0.97 | 0.93 | ||||||
Chip channel | 2.0 | Strongly silicified metasediments with disseminated copper oxides, crisocola and azurite. | 4.2 | 2.99 | 1.99 | ||||||
Mineralized dump | - | Abundant iron oxide staining in meta sediments with disseminated copper oxides and manganese oxides | 34.4 | 1.07 | 1.45 | ||||||
Mineralized dump | - | Strong iron oxide stained metasediments with disseminated copper oxides | 54.4 | 0.95 | 1.94 | ||||||
Mineralized dump | - | Strong iron oxide stained metasediments with disseminated copper oxides | 28.8 | 1.68 | 2.68 | ||||||
Mineralized dump | - | Quartz-rich material with abundant copper oxides | 10.8 | 2.05 | 0.10 |
Yale has agreed to purchase a 100% interest with no royalties in the
Apache Property by paying $250,000 payable as 2.5 million shares -
subject to TSX Venture approval - to a private individual.
The Apache Property is Yale′s ninth project in Mexico and as part of the
Company′s Project Generator business model will be added to our
portfolio of projects available for option.
On behalf of the Board,
'Ian Foreman?
Ian Foreman, P.Geo.
President
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 Ltd.
604-678-2531