Yale Resources acquires Los Amoles property2010-04-08 12:26 ET - News Release
Mr. Ian Foreman reports
YALE AQCUIRES PROPERTY IN SONORA STATE, MEXICO
Yale Resources Ltd. is acquiring a 100-per-cent interest in the 1,630-hectare (or 16.3-square-kilometre) Los Amoles property, located approximately 150 kilometres northeast of 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.
An initial field program has recently been completed on the property with results pending.
The primary target area is a 1,100-metre-wide zone that contains at least 20 historical workings. These workings exploited a series of subparallel northeast-trending veins and vein sets. One of the principle workings in the area, the El Rosario mine, has a greater-than-100-metre-deep shaft and a drift that is greater than 70 metres long. In addition to the historical workings, the first field visit encountered a drill site for a reverse circulation drill hole. The date, values, total number of holes as well as the company that drilled the holes are unknown at this time.