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15.04.2010
Yale Samples 333.4 g/t Silver and 0.52 g/t Gold over 90 cm at Los Amoles Property
Yale Samples 333.4 g/t Silver and 0.52 g/t Gold over 90 cm at Los Amoles Property
April 15, 2010 - Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to report the first results from the wholly owned 1,630 hectare (or 16.3 square kilometre) Los Amoles Property, 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.
This initial field program – consisting of only 25 samples – concentrated within the Mina Rosales area, which measures approximately 3.0 kilometres by 1.1 kilometres and contains greater than 30 historic workings. These workings exploited a series of at least 12 sub-parallel northeast trending veins and vein-sets. One of the principle workings in the area, the Rosales mine, has a greater than 100 metre deep shaft and a drift that is greater than 70 metres long.
The Mina Rosales area coincides with a regional magnetic anomaly. In addition, the entire area forms a large colour anomaly, which is indicative of the oxidation of metals.
As with many projects in Mexico that have seen small scale production from high grade veins, most of the historic workings have mineralized dumps located nearby. The quickest method of evaluating an area is to sample these dumps as they tend to be the low-grade material that has been left behind. At Los Amoles within the Mina Rosales area, Yale personnel sampled mineralized dumps from 16 workings within an area measuring 1.0 by 2.5 kilometres. The mineralization within the dumps is characteristic of epithermal veins with varying percentages of sulphides consisting primarily of pyrite and arsenopyrite with some locations containing local chalcopyrite and sphalerite. Below are the highlights of the 16 samples:
Type Description Au Ag Pb
g/t g/t %
Mineralized dump Dump # 1 – northermost working within Rosario area 0.13 109.8 0.90
Mineralized dump Dump # 2 - 200 m southeast of Dump # 1 0.30 333.1 1.83
Mineralized dump Dump # 4 - 250 m southeast of Dump # 1 0.29 176.6 0.54
Mineralized dump Dump # 6 - 300 m southeast of Dump # 1 0.43 301.0 1.06
Mineralized dump Dump # 9 - 850 m southeast of Dump # 1 0.83 190.4 0.36
Mineralized dump Dump # 12 - 1.8 km to the southeast of Dump # 1 0.65 450.7 0.25
Mineralized dump Dump # 13 - 1.8 km to the southeast of Dump # 1 0.38 287.4 0.15
Mineralized dump Dump # 16 - 2.2 km to the southeast of Dump # 1 0.23 188.0 0.90
Note: samples are composite samples from three 20cm deep holes within each mineralized dump and
includes all fine and coarse material from within those holes.
Many of Sonora’s most significant porphyry deposits are located within 70 km of the Los Amoles property. Yale’s interpretation is that the Rosales area represents silver-lead +/- gold, +/- copper/zinc veins that are distal to a porphyry system.
Additional potential within the Rosales area is demonstrated by widely spaced samples consisting of altered and mineralized andesitic host rocks that are in contact with structures and/or veins. The highlights of the nine samples returned the following results:
Sample Type Width Description Au Ag Pb
(m) g/t g/t %
49801 Channel 1.50 Strongly fractured andesite with milimetre quartz veinlets and iron oxides throughout 0.06 18.3 0.62
49809 Channel 0.90 Silicified porphyritic andesite with fine grained sulphides 0.52 333.4 0.61
49813 Channel 1.00 Silicified-argillic altered andesite within working with strong oxidation and fresh fine grained pyrite 0.14 31.5 1.88
49823 Channel 1.00 From within small working - argillic altered andesite with quartz stockwork and oxides throughout 0.56 231.6 0.04
49827 Channel 1.30 From within small working 30 m deep - altered andesite with quartz veins up to 5 cm wide. 0.17 56.1 2.76
Ongoing work:
A field crew is currently preparing to return to the Los Amoles property. Historic maps show at least three other areas with historical workings within the remainder of the property. These areas will be investigated during subsequent field programs.
In addition, detailed mapping and follow-up sampling will be undertaken within the Mina Rosales area.
TSX Venture acceptance:
The TSX Venture Exchange has approved the purchase of a 100% interest in the Los Amoles property by paying $227,500 payable as 3.5 million shares to a private individual. These issued shares will have a hold period until August 13, 2010.
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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April 15, 2010 - Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to report the first results from the wholly owned 1,630 hectare (or 16.3 square kilometre) Los Amoles Property, 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.
This initial field program – consisting of only 25 samples – concentrated within the Mina Rosales area, which measures approximately 3.0 kilometres by 1.1 kilometres and contains greater than 30 historic workings. These workings exploited a series of at least 12 sub-parallel northeast trending veins and vein-sets. One of the principle workings in the area, the Rosales mine, has a greater than 100 metre deep shaft and a drift that is greater than 70 metres long.
The Mina Rosales area coincides with a regional magnetic anomaly. In addition, the entire area forms a large colour anomaly, which is indicative of the oxidation of metals.
As with many projects in Mexico that have seen small scale production from high grade veins, most of the historic workings have mineralized dumps located nearby. The quickest method of evaluating an area is to sample these dumps as they tend to be the low-grade material that has been left behind. At Los Amoles within the Mina Rosales area, Yale personnel sampled mineralized dumps from 16 workings within an area measuring 1.0 by 2.5 kilometres. The mineralization within the dumps is characteristic of epithermal veins with varying percentages of sulphides consisting primarily of pyrite and arsenopyrite with some locations containing local chalcopyrite and sphalerite. Below are the highlights of the 16 samples:
Type Description Au Ag Pb
g/t g/t %
Mineralized dump Dump # 1 – northermost working within Rosario area 0.13 109.8 0.90
Mineralized dump Dump # 2 - 200 m southeast of Dump # 1 0.30 333.1 1.83
Mineralized dump Dump # 4 - 250 m southeast of Dump # 1 0.29 176.6 0.54
Mineralized dump Dump # 6 - 300 m southeast of Dump # 1 0.43 301.0 1.06
Mineralized dump Dump # 9 - 850 m southeast of Dump # 1 0.83 190.4 0.36
Mineralized dump Dump # 12 - 1.8 km to the southeast of Dump # 1 0.65 450.7 0.25
Mineralized dump Dump # 13 - 1.8 km to the southeast of Dump # 1 0.38 287.4 0.15
Mineralized dump Dump # 16 - 2.2 km to the southeast of Dump # 1 0.23 188.0 0.90
Note: samples are composite samples from three 20cm deep holes within each mineralized dump and
includes all fine and coarse material from within those holes.
Many of Sonora’s most significant porphyry deposits are located within 70 km of the Los Amoles property. Yale’s interpretation is that the Rosales area represents silver-lead +/- gold, +/- copper/zinc veins that are distal to a porphyry system.
Additional potential within the Rosales area is demonstrated by widely spaced samples consisting of altered and mineralized andesitic host rocks that are in contact with structures and/or veins. The highlights of the nine samples returned the following results:
Sample Type Width Description Au Ag Pb
(m) g/t g/t %
49801 Channel 1.50 Strongly fractured andesite with milimetre quartz veinlets and iron oxides throughout 0.06 18.3 0.62
49809 Channel 0.90 Silicified porphyritic andesite with fine grained sulphides 0.52 333.4 0.61
49813 Channel 1.00 Silicified-argillic altered andesite within working with strong oxidation and fresh fine grained pyrite 0.14 31.5 1.88
49823 Channel 1.00 From within small working - argillic altered andesite with quartz stockwork and oxides throughout 0.56 231.6 0.04
49827 Channel 1.30 From within small working 30 m deep - altered andesite with quartz veins up to 5 cm wide. 0.17 56.1 2.76
Ongoing work:
A field crew is currently preparing to return to the Los Amoles property. Historic maps show at least three other areas with historical workings within the remainder of the property. These areas will be investigated during subsequent field programs.
In addition, detailed mapping and follow-up sampling will be undertaken within the Mina Rosales area.
TSX Venture acceptance:
The TSX Venture Exchange has approved the purchase of a 100% interest in the Los Amoles property by paying $227,500 payable as 3.5 million shares to a private individual. These issued shares will have a hold period until August 13, 2010.
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.