Yale Continues to Expand Potential at Los Amoles
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to
report that sampling has identified multiple additional potential high
grade silver targets at the Los Amoles Silver Property, located in
central Sonora State. The work at Los Amoles during the past 6 months
has advanced the project significantly by concentrating on a two by
three kilometre mineralized zone defined by a strong colour anomaly and
now know to contain the following:
60 known veins with strike lengths up to 1 kilometre
40 known historic workings (adits and excavations)
19 known shafts
Recent sampling tested new areas and was successful in expanding the
number of veins and workings within the core area. Due to these historic
workings being newly rediscovered sampling concentrated on the
mineralized dumps located at the opening of workings. Highlights from
these new mineralized dumps are:
Location | Description | Au | Ag | Pb | |||||
g/t | g/t | % | |||||||
Terrero SE | Vein material with local galena | 0.40 | 495.1 | 1.21 | |||||
Terrero SE | Andesitic host rocks with quartz stockwork | 0.17 | 219.3 | 0.62 | |||||
Cata | Vein material with local galena | 0.24 | 706.5 | 2.05 | |||||
Tiro Sur | Argillic altered andesite with oxides, carbonates and local galena | 0.43 | 102.5 | - | |||||
Terrero 14 | Silicified andesite with strong oxidation | 1.15 | 451.7 | - | |||||
Obra Rancho | Vein and quartz-rich material | 0.53 | 295.3 | 0.38 | |||||
Obra Rancho | Oxidized andesite host rock | 0.44 | 166.9 | - |
The Rosales mine, located to the north of the core area remains the most
advanced target within the property. The series of underground workings
were mapped and an in order to maximize the information gained from
sampling of the mineralized dumps sampling was done of different
material ? vein material and volcanic host rocks. As a result of this
sampling it appears that the host rocks are locally strongly
mineralized. The highlights of the sampling of the extensive mineralized
dumps at the Rosales mine are:
Location | Description | Au | Ag | Pb | |||||
g/t | g/t | % | |||||||
Area Rosales | Quartz-rich material and vein - strongly oxided | 0.43 | 705.6 | 0.48 | |||||
Area Rosales | Quartz-rich material and vein with oxides and galena | 0.83 | 281.8 | 0.31 | |||||
Area Rosales | Argillic altered andesite with oxides, carbonates and local galena | 0.29 | 133.4 | - | |||||
Area Rosales | Quartz-rich material and vein with oxides and galena | 0.71 | 253.5 | 0.41 | |||||
Area Rosales | Quartz-rich material and vein with oxides and galena | 0.54 | 205.3 | 1.98 | |||||
Area Rosales | Argillic altered andesite with oxides, carbonates and local galena | 0.32 | 443.9 | - |
By sampling different rock types and mineralizing styles from the
mineralized dumps the Company is able to sample material that have not
been seen in outcrop. Sampling of rocks similar to the surrounding host
rocks that contain stringer-style veining consistently have returned
silver values greater than one ounce per tonne, which may indicate that
the potential for wider widths of mineralization exist.
In addition, sampling from this program was also successful in
identifying higher gold values.
Work at Los Amoles is being performed by Yale on behalf of Sonora
Resources who by funding the exploration have the right to earn a 70%
interest in the property.
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 approximately 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 Ltd. (previously 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 (400,000 have been received) to Yale over three years.
The geophysical interpretation identified eight (8) linear 500 to
greater than 800 metre long features that are parallel to the trend of
the known veins/structures within the property. The summary report
prepared by the geophysical contractor concluded that 'certain axies are
representative of mineralised structures or veins whose potential has
yet to be fully determined and should thus be further investigated? and
recommended that three of them be drill tested.
Work performed to date by Yale has concentrated on an area (the Rosales
area) that is on the south 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