Yale Provides Update on Mexican Activities
08 12월 2011 - 10:30PM
Business Wire
Yale Resources Ltd. (TSX-V – YLL, Pink Sheets: YRLLF, and FSE –
YAB) is pleased to provide an update on its on-going exploration
activities in Mexico.
Sonora Resources Ltd. has committed to the second year of the
option for the Los Amoles silver property and Yale has received an
additional 200,000 shares of Sonora Resources. The second year’s
commitment at Los Amoles is US $300,000 in expenditures. A work
program that will concentrate on sampling a number of the main
underground workings in order to trace the continuation of the
silver rich veins to depth is currently underway. This is an
important step to define the potential for the veins in advance of
a drill program expected in 2012.
Work is also underway at the Urique gold/silver property where
confirmation sampling and mapping is being conducted in
anticipation of additional work to be undertaken in 2012.
Drilling at the Dos Naciones copper/silver/gold property has
concluded. It was successful in confirming the high potential for
multiple skarn targets. The work was done on behalf of optionee Del
Toro Silver Corp. Drilling in the strongly altered and fractured
ground proved very difficult and each of the three holes was
terminated before reaching the target depth due to technical
reasons. Interesting visual oxide and sulphide mineralization was
encountered in all three shortened holes and 38 core samples were
collected. As a result, Yale will be recommending additional
drilling with a larger, more powerful drill.
Field work at Dos Naciones was successful in identifying several
previously unknown historic workings – one below the La Espanola
target where the first two holes were drilled and one to the east
of the Dos Naciones target where the third hole was drilled. A
total of 46 samples were taken from these previously unsampled
underground workings. Surface and core samples have been sent to
Inspectorate Labs and results will be reported when received.
About Yale Resources:
Yale Resources utilizes the project generator business model to
maximize its exposure to discovery while minimizing shareholder
risk. Yale currently has eight projects in its portfolio of which
six are optioned out with commitments totalling approximately $1.5
M in expenditures during the next 12 months. At the same time Yale
continues to work on its non-optioned properties as well as
reviewing new projects.
Ian Foreman, P.Geo, is Yale’s Qualified
Person, according to National Instrument 43-101, for the Dos
Naciones, Los Amoles and Urique Properties and is responsible for
any technical data mentioned in this news release.
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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