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31.05.2010
YALE CONTINUES TO ENCOUNTER HIGH GRADE SILVER AT LOS AMOLES
YALE CONTINUES TO ENCOUNTER HIGH GRADE SILVER AT LOS AMOLES
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to report that follow-up sampling at the Los Amoles Property continues to return high grade silver values from discrete veins. 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.
Sampling was successful in identifying additional high grade discrete veins as follows:
• Vein #1 – 30 cm averaging 768.8 g/t silver, 0.4 g/t gold and 11.4 % lead
• Vein #2 – 90 cm averaging 116.9 g/t silver and 0.25 g/t gold
• Vein #3 – 50 cm averaging 327.3 g/t silver and 0.22 g/t gold
This latest sampling concentrated on only within a core area of 250 by 300 metres. This zone is the approximate centre of the 1.0 by 2.5 kilometre main target area previously identified by Yale personnel. Additional follow-up work will be designed to identify and map the multiple veins sampled to date in order to understand their continuity along strike.
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 Kamloops, 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.
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Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to report that follow-up sampling at the Los Amoles Property continues to return high grade silver values from discrete veins. 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.
Sampling was successful in identifying additional high grade discrete veins as follows:
• Vein #1 – 30 cm averaging 768.8 g/t silver, 0.4 g/t gold and 11.4 % lead
• Vein #2 – 90 cm averaging 116.9 g/t silver and 0.25 g/t gold
• Vein #3 – 50 cm averaging 327.3 g/t silver and 0.22 g/t gold
This latest sampling concentrated on only within a core area of 250 by 300 metres. This zone is the approximate centre of the 1.0 by 2.5 kilometre main target area previously identified by Yale personnel. Additional follow-up work will be designed to identify and map the multiple veins sampled to date in order to understand their continuity along strike.
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 Kamloops, 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.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA9845951081">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA9845951081</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.