Yale Adds Second Drill Ready Target to Urique Project
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to
report the addition, by staking, of a key 180 hectare parcel of land in
the core of the San Pedro Target of its Urique Project. Yale now
controls all the ground covering the entire San Pedro Target, which was
previously identified as one of the two most significant areas of
alteration and mineralization within the wholly owned 281 sq km Urique
Project, located in western Chihuahua State, Mexico.
San Pedro is host to multiple variably oriented veins that create a
large scale stockwork. Local high grade results are highlighted by the
following previously unreleased samples from the newly acquired ground:
137.5 g/t gold and 133.0 g/t silver over 0.25 metres;
28.30 g/t gold and 315.0 g/t silver from a panel sample measuring 2.0
by 3.0 metres;
30.80 g/t gold and 450.0 g/t silver over 0.70 metres;
In addition to covering the continuation of the Sangre de Cristo deposit
- an important historical gold mine - the San Pedro Target has discrete
high grade gold veins and disseminated mineralization within the host
rocks suggesting that the area has the potential to contain a bulk
tonnage gold deposit. The strong argillic alteration of the host rocks
has been interpreted to represent the upper portions of a high
sulfidation deposit.
Yale has taken in excess of 200 samples within the greater San Pedro
area dating back to 2007, which lead to the Company to making this a
priority acquisition.
Highlight samples from the newly acquired ground are:
|
| Au
|
| Ag
| ||||||||
Vein NE 1 | ||||||||||||
3715 | 0.35 | 4.38 | 38.6 | |||||||||
3671, 3672 | 1.3 | 3.65 | 14.0 | |||||||||
3670 | Dump | 12.50 | 42.5 | |||||||||
Vein NE 3 | ||||||||||||
3734 | 0.35 | 2.87 | 36.8 | |||||||||
3733 | 0.20 | 20.70 | 133.0 | |||||||||
Intersection NE and NS Veins | ||||||||||||
3710-3716 | 21.65 | 0.33 | 7.6 | |||||||||
Vein NW 6 | ||||||||||||
3708 | 0.30 | 7.07 | 19.8 | |||||||||
3726 | 0.25 | 137.50 | 133.0 | |||||||||
3821 | 0.25 | 2.41 | 28.8 | |||||||||
3822 | 3.0 | 1.01 | 17.0 | |||||||||
2185 | 0.70 | 30.80 | 451.0 | |||||||||
3825 | 1.7 | 2.40 | 0.2 | |||||||||
12481 | 3 x 2 | 28.30 | 315.0 | |||||||||
Split, Vein NW 4 | ||||||||||||
3817 | 0.30 | 12.45 | 129.0 | |||||||||
3820 | 0.20 | 21.40 | 42.6 |
Sampling previously announced by Yale (see news release dated April 24,
2007) from the San Pedro Target area includes:
Sample | Sample | Width | Au | Ag | |||||||||||||
number | description | (m) | (g/t) | (g/t) | |||||||||||||
108981 | Dump | grab | 27.2 | 482.0 | |||||||||||||
108990 | Vein | 1.1 | 6.60 | 61.3 | |||||||||||||
108991 | Vein | 1.1 | 35.3 | 401.0 | |||||||||||||
108992 | Vein | 0.2 | 28.4 | 193.0 |
About the Urique Property:
The Urique Project is wholly owned by Yale′s Mexican subsidiary, Minera
Alta Vista S.A. de C.V. and covers approximately 280 square kilometres
of land that stretches over 40 km from the northern boundary of
Goldcorp′s El Sauzal property ? host to the El Sauzaul gold mine ? to
the southern boundary of Kimber Resources Monterde property ? host to an
estimated resource in excess of 800,000 ounces gold and 30,000,000
ounces silver. The Urique Project contains 9 known gold and silver
targets may represent one of the largest under explored packages of land
in the central Sierra Madre Precious Metal Belt.
Samples from the San Pedro Target were prepared and analyzed by ALS
Chemex at their labs in Mexico and Vancouver and generally consisted of
1-3 kg of material. Gold analyses were performed by 30 gram fire assay
with an AA finish; samples with more than 10 g/t gold (over limit) were
analyzed using gravimetric methods. Silver was analyzed as part of a
multi-element ICP package using an aqua regia digestion; samples with
more than 100 g/t silver (over limit) were analyzed by AA.
Ian Foreman, P.Geo., is Yale Resources′ Qualified Person, as defined by
National Instrument 43-101, for the Urique property. The Urique property
is an early stage project with no reported resources that requires
additional sampling, geological mapping and drilling 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 Ltd.
604-678-2531