Yale Starts Geophysics Program at Los Amoles
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to
report a geophysics program has been started on the Los Amoles Property
located in central Sonora State. Work at Los Amoles is being done by
Yale on behalf of Sonora Resources Ltd. (previously Nature′s Call),
which has an option to earn a 70% interest in the property.
The geophysics will consist of both IP and Magnetic susceptibility and
cover a nine (9) square kilometer area with 28 line kilometres of grid.
This area will cover the main 1.0 by 2.5 km target area that has
previously been mapped and sampled as well as prospective land to the
southwest that is known to contain additional historic workings.
Previous mapping has successfully defined a vein system that has been
traced on surface for approximately 800 metres along strike (see news
release dated Feb. 15, 2011) with highlight samples including:
- 2.0 metres grading 0.63 g/t gold and 698.6 g/t silver
- 6.0 metres averaging 0.33 g/t gold and 226.6 g/t silver
- including 2.0 metres grading 0.63 g/t gold and 497.3 g/t silver
- 1.0 metres grading 0.33 g/t gold and 496.8 g/t silver
- Dump material grading 0.24 g/t gold and 1,027.5 g/t silver
To date, greater than 45 historic workings and greater than 20
gold/silver veins have been identified within approximately 60% of the
El Rosario target area that measures 1.0 by 2.5 kilometres. Another
stage of fieldwork is planned in order 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 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 (200,000 have been received) to Yale over three years.
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 for the Los Amoles property. 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