Yale Stakes Additional Land at Los Amoles - Samples 432 g/t Silver Over 2.2 M
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to
report it has applied for, by staking, an additional land adjoining the
Los Amoles Property. Work at Los Amoles is being done by Yale on behalf
of Sonora Resources Corp. (previously Nature′s Call), who has an option
to earn a 70% interest in the property.
This new land package is 1,960 hectares (19.6 square kilometres) in size
and covers extensions of the known mineralizing system to the east and
south of the main target area of the property.
Reconnaissance sampling aimed at evaluating the potential continuation
of the greater than 800 metres of strike extension of the mineralization
identified to date returned very encouraging values of:
50 cm grading 0.41 g/t gold and 215.6 g/t silver, and
2.20 m averaging 0.39 g/t gold and 432.0 g/t silver.
To date, greater than 45 historic workings and greater than 20
silver/gold veins have been identified within approximately 60% of the
El Rosario target area that measures 1.0 by 2.5 kilometres. Additional
fieldwork is planned 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.
Sonora Resources 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.
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