Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to
announce results from the ongoing work program at the 100% owned Orofino
Project.
Within the La Perla pit Yale sampling returned 18.5 metres with a
weighted average of 2.02 g/t gold and 31.2 g/t silver. Detailed
mapping indicates that the shallow La Perla pit is located at the
intersection of a vertical and a shallowly dipping mineralized
structure. These parallel structures each have been traced over several
hundred metres of strike length.
Approximately 200 metres northeast of the La Perla pit within the
central portion of the La Perlita targets a hand dug trench uncovered 17
metres with a weighted average of 1.20 g/t gold and 10.8 g/t silver
from a second set of parallel veins.
“This work program continues to prove up strong targets for the planned
drill program at Orofino. Initial work by Yale geologists has confirmed
the validity of the significant amount of historical, non 43-101, data
inherited by Yale upon purchase of the property. Having this large
quantity of data gives Yale a huge advantage as we can advance towards a
drill program that much quicker”, stated Yale president, Ian Foreman,
P.Geo.
In addition, two samples from a large stockpile of mineralization from
the previous mining at Orofino returned 1.76 g/t gold and 1.48 g/t gold
respectively from 1.5 metre deep pits.
The Orofino Project:
The Orofino Project is located approximately 135 km southeast of
Hermosillo, Sonora State and is approximately 83 square kilometres in
size. The Project area is host to 9 known mineralized targets and 6
historic open pit workings.
Ian Foreman, P.Geo, is the Qualified Person, according to National
Instrument 43-101, for the Orofino Property and is responsible for the
technical data mentioned in this news release.
Results mentioned in this release were prepared and analyzed by
Inspectorate at their labs in Hermosillo and Vancouver. Gold analyses
were performed by 30 gram fire assay with an AA finish. Silver, copper
and zinc were analyzed as part of a multi-element ICP package using an
aqua regia digestion; samples with more than 100 g/t silver, 1% copper
and/or 1% zinc were re-analyzed using ‘ore grade’ detection limits.
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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