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Enter Symbol
or Name
USA
CA



Yale Resources Ltd
Symbol YLL
Shares Issued 80,166,379
Close 2011-03-04 C$ 0.095
Market Cap C$ 7,615,806
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Yale, Sonora sample 2.2 m of 432 g/t Ag at Los Amoles

2011-03-07 09:57 ET - News Release

Also News Release (C-SOC) Sonora Gold & Silver Corp

Mr. Ian Foreman of Yale reports

YALE STAKES ADDITIONAL LAND AT LOS AMOLES - SAMPLES 432 g/t SILVER OVER 2.2 M

Yale Resources Ltd. and Sonora Resources Corp. have 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 (previously Nature's Call), which has an option to earn a 70-per-cent 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-metre strike extension of the mineralization identified to date returned very encouraging values of 50 centimetres grading 0.41 gram per tonne 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 per cent of the El Rosario target area that measures one km by 2.5 km. 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-per-cent interest in the property by paying to Yale $50,000 (U.S.) (received), spending $900,000 (U.S.) on exploration expenditures and issuing one million shares (200,000 have been received) to Yale over three years. Samples from Los Amoles were prepared and analyzed by IPL Inspectorate in its facilities in Mexico and Vancouver, respectively. Samples generally consisted of one kilogram to three 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 reassayed using gravimetric methods.

Ian Foreman, PGeo, 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.

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