|
Yale Stakes Additional Land
at Los Amoles -- Samples 432 G/T Silver Over 2.2 M
News Release #11-07
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.
You
can also view this News Release on our website at:
http://www.yaleresources.com/s/NewsReleases.asp?ReportID=446076
|