Yale Defines a Second Gold Target at the TenoribaGold/Silver Property
10:02 EST Friday, December 03, 2010
VANCOUVER (Business Wire) -- Yale Resources Ltd. (TSX-V - YLL and Frankfurt -YAB) is pleased to report that it has successfully defined a second early stagegold target within the wholly owned Tenoriba Property located in ChihuahuaState, Mexico. The Moreno Target was highlighted by Yale personnel afterreviewing historic data on the project and the first field visit has identifieddisseminated gold hosted in strongly altered ignimbrites over an area thatmeasures approximately 200 metres by 200 metres.
The Moreno Target is located within the Central Trend, which measures atleast 5 kilometres in length and 2 kilometres in width and, to date, contains 17known gold targets. The Central Trend represents approximately 15% of the totalproperty area.
A first pass sampling program by Yale at the Moreno Target returned goldvalues in the 0.33 to 1.67 grams per tonne gold over variable widths assummarized below:
- 6.1 metres with a weighted average of 1.19 g/t gold
- 8.0 metres with a weighted average of 0.80 g/t gold
- 2.5 metres grading 1.67 g/t gold
- 6.0 metres with a weighted average of 0.33 g/t gold
The four intervals reported above were taken from exposures at least 50metres apart from one another.
Ongoing work at Moreno will focus on detailed mapping, trenching and samplingin order to determine if these grades continue over wider intervals and toexplore for higher grade mineralization as previously identified (see Masuparianews releases dated May 7, 2007 and Jan. 28, 2008):
- a continuous 13.1 meter chip composite through some of the workings grading 1.21 g/t gold, and
- 6.3 g/t gold over 3.5 metres
“We are very pleased that work on these early stage targets continues toreturn gold grades that are comparable to those found in bulk tonnage golddeposits elsewhere in the Sierra Madre,” stated Ian Foreman, P.Geo., presidentof Yale.
1.1 kilometres northeast of the Moreno Target is the La Verde Target, whichwas the first target visited by Yale. The central trench at La Verde returned10.2 metres with a weighted average of 4.88 g/t gold and 63.9 g/t silver (seenews release dated November 9, 2010). Yale is processing additional results fromother targets within the Central Trend and these will be reported whenavailable.