Yale Continues to Expand Silver Target at Los Amoles
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to
report that field work at the Los Amoles Property continues to expand
the main mineralized zone and has defined a vein system that has been
traced on surface for approximately 800 metres along strike. Work at Los
Amoles was done by Yale on behalf of Nature′s Call, who has an option to
earn a 70% interest in the property.
Sampling included:
- 2.0 metres grading 0.63 g/t gold and 698.6 g/t silver
- 6.0 metres averaging 0.33 g/t gold and 226.6 g/t silver
- including 2.0 metres grading 0.63 g/t gold and 497.3 g/t silver
- 1.0 metres grading 0.33 g/t gold and 496.8 g/t silver
- Dump material grading 0.24 g/t gold and 1,027.5 g/t silver
This latest field program was designed to prospect, map and sample the
southern portion of the 1.0 by 2.5 kilometre main target area (see news
releases dated April 15 and May 27, 2010). This work was successful in
identifying an additional 20 historic workings and Yale personnel
successfully traced mineralization on surface for approximately 800
metres along strike. Sampling at irregular intervals along the strike
length has returned gold and silver values.
In addition to strong values within the veins sampling has shown that
proximal to the veins the host andesitic volcanic rocks often host
silver mineralization in the order of 15 to 50 grams per tonne. A table
of the highlight samples is provided below:
Sample | Location | Type | Width (m) | Au (g/t) | Ag (g/t) | Pb(%) | ||||||
49556-8 | Working 4 | Channel | 6.00 | 0.33 | 226.6 | 0.06 | ||||||
49558 | Working 4 | Channel | 2.00 | 0.63 | 497.3 | 0.17 | ||||||
49559 | Working 4 | Dump | N/D | 0.10 | 197.2 | 3.23 | ||||||
49563 4 | Drainage 2 | Channel | 3.00 | 0.51 | 112.9 | 0.29 | ||||||
49565 | Drainage 3 | Channel | 1.40 | 0.12 | 68.4 | 0.31 | ||||||
49567 | Working 6 | Channel | 2.00 | 0.63 | 698.6 | 0.24 | ||||||
49579 | Workings 8,9 and 10 | Dump | N/D | 0.24 | 1027.5 | 2.30 | ||||||
49581 | Fault in drainage | Channel | 1.0 | 0.33 | 496.8 | 1.31 | ||||||
49584 | Working 13 | Dump | N/D | 0.53 | 304.6 | 0.42 | ||||||
49586 | Working 13 | Channel | 2.00 | 0.06 | 54.1 | 0.06 | ||||||
49587 | Working 14 | Dump | N/D | 0.05 | 116.7 | 0.42 | ||||||
49589 | Working 15 | Channel | 1.50 | 0.36 | 72.7 | 0.08 | ||||||
49591 2 | Working 16 | Channel | 1.50 | 0.21 | 49.6 | 1.45 |
To date, greater than 45 historic workings and greater than 20
gold/silver veins have been identified within approximately 60% of the
El Rosario target area that measures 1.0 by 2.5 kilometres. Another
stage of fieldwork is planned in order to map and sample the remaining
areas within the El Rosario target. This work will be done in advance of
geophysics, which in turn, will be done to delineate priority locations
for drilling.
About the Los Amoles Property:
The early stage wholly owned 16.3 square kilometre Los Amoles Property
is located approximately 150 kilometres northeast of the Hermosillo,
Sonora State, Mexico. The property is 10 kilometres northeast of the La
Caridad Mine, operated by Grupo Mexico, which is one of the largest
mining and processing complexes in Mexico.
Nature′s Call has an option to earn a 70% interest in the property by
paying to Yale US $ 50,000 (received), spending US $ 900,000 on
exploration expenditures and issuing 1,000,000 shares (200,000 have been
received) to Yale over three years.
Work performed to date by Yale has concentrated on an area (the Rosales
area) that is on the eastern edge of a 4.0 by 2.75 km regional magnetic
anomaly. Yale′s interpretation is that the Rosales area represents
silver-lead /- gold veins that are distal to a porphyry system. The
potential for this regional anomaly to reflect a buried porphyry has yet
to be tested. Many of Sonora′s most significant porphyry deposits are
located within 70 km of the Los Amoles property.
Samples from Los Amoles were prepared and analyzed by IPL Inspectorate
in their facilities in Mexico and Vancouver, 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. The Los Amoles property is an early stage
project 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 Ltd.
Ian Foreman, 604-678-2531