Wednesday, July 06, 2011

Gold and Mining Stocks; YALE (TSX-V: YLL) Continues to Expand Potential at Los Amoles

July 6, 2011 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL) is pleased to report that sampling has identified multiple additional potential high grade silver targets at the Los Amoles Silver Property, located in central Sonora State. The work at Los Amoles during the past 6 months has advanced the project significantly by concentrating on a two by three kilometre mineralized zone defined by a strong colour anomaly and now know to contain the following:
  • 60 known veins with strike lengths up to 1 kilometre
  • 40 known historic workings (adits and excavations)
  • 19 known shafts
Recent sampling tested new areas and was successful in expanding the number of veins and workings within the core area. Due to these historic workings being newly rediscovered sampling concentrated on the mineralized dumps located at the opening of workings. Highlights from these new mineralized dumps are:
Investorideas.com Newswire The Rosales mine, located to the north of the core area remains the most advanced target within the property. The series of underground workings were mapped and an in order to maximize the information gained from sampling of the mineralized dumps sampling was done of different material � vein material and volcanic host rocks. As a result of this sampling it appears that the host rocks are locally strongly mineralized. The highlights of the sampling of the extensive mineralized dumps at the Rosales mine are:
Investorideas.com Newswire By sampling different rock types and mineralizing styles from the mineralized dumps the Company is able to sample material that have not been seen in outcrop. Sampling of rocks similar to the surrounding host rocks that contain stringer-style veining consistently have returned silver values greater than one ounce per tonne, which may indicate that the potential for wider widths of mineralization exist.
In addition, sampling from this program was also successful in identifying higher gold values.
Work at Los Amoles is being performed by Yale on behalf of Sonora Resources who by funding the exploration have the right to earn a 70% interest in the property.
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 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.
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 (400,000 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. 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
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. 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.
Contact:
Yale Resources Ltd.
Ian Foreman
604-678-2531
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