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YALE RESOURCES LTD V.YLL



TSXV:YLL - Post by User

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Post by YLLon Mar 17, 2009 2:49pm
336 Views
Post# 15850081

Yale's partner announces intent to drill and resul

Yale's partner announces intent to drill and resul

Enviro will be starting a drill program very shortly... at the completion of this drilling they should have enough expenditures to have fulfilled their the commitment for Yale's percentage interest and then pay Yale $100,000 to complete the deal.


March 17th, 2009

 

Enviro Samples up to 1.04 kilos/tonne Silver in Zacatecas

 

Enviro Energy Capital Corp. (TSX–V: GEC) is pleased to announce that it has completed Phase I of its on-going work program on the Zacatecas, Salvador and Mina San Jose Properties, located within the prolific Zacatecas Silver District, Mexico. A Phase II drilling program will commence next week.

 

Phase I consisted of geological mapping and sampling of the three properties, which Enviro has optioned from Yale Resources Ltd. (TSX-V: YLL).  Of the 78 samples taken, a total of 55 returned grades greater than 31 g/t silver and multiple samples returned grades greater than 500 g/t silver with a highlight Chip Channel Sample grading 1040 g/t silver from within a previously unrecognized historic adit within the Mina San Jose property.

 

Highlights of the sampling program are as follows: 

 

Property

 

Sample #

Sample size

(m)

Description

Au (g/t)

Ag

(g/t)

Pb (%)

Zn

(%)

San Jose

 711504

Selected material

  Mineralized dump

  0.37

  476.0

    -

  1.16

San Jose

 711523

0.9 x 0.9 x 1.1

  Mineralized dump

  0.21

  315.0

  1.25

  0.58

San Jose

 711525

1.2

  Channel

  0.21

 1040.0

  0.68

  0.31

 

 

 

 

 

 

 

 

Zacatecas

 711569

0.9 x 0.9 x 1.5

  Mineralized dump

    -

  557.0

    -

    -

Zacatecas

 711571

0.9 x 0.9 x 1.4

  Mineralized dump

    -

  296.0

    -

    -

Zacatecas

 711572

0.9 x 0.9 x 1.5

  Mineralized dump

    -

  295.0

    -

    -

Zacatecas

 711573

0.9 x 0.9 x 1.5

  Mineralized dump

    -

  200.0

    -

    -

 

 

 

 

 

 

 

 

Salvador

 711547

0.9 x 0.9 x 1.5

  Mineralized dump

  0.23

  268.0

    -

  0.52

Salvador

 711548

0.9 x 0.9 x 1.4

  Mineralized dump

  0.14

  243.0

    -

    -

Salvador

 711551

0.9 x 0.9 x 1.5

  Mineralized dump

  0.16

  211.0

    -

  0.60

Salvador

 711558

0.3

  Channel

    -

  527.0

    -

  0.46

Salvador

 711563

1.6

  Channel

    -

  257.0

    -

    -

 

The reinterpretation of the property’s geology and the results of the surface sampling have provided  Enviro with sufficient data in order to drill 700 – 800 meters on the Mina San Jose claim known for two exploration targets identified on the property. Previous drill results returned 1,340 g/t Ag over 0.8 meters (See Yale news release, dated June 11, 2007) and previous sampling returned 2,180 g/t Ag and 3.15 g/t Au (See Yale news release, dated January 31, 2007). Sampling of the property’s mineralized dumps has allowed Enviro to investigate the economic viability of processing them at a contract mill located within 5 kilometers of the three properties.        

 

Enviro has an option to earn 100 % of Yale’s interest in the three mining concessions. The Zacatecas Silver District is one of the largest historic silver districts in the world with past production estimated at 1.2 billion ounces.

 

 

Ian Foreman, P. Geo., is the Qualified Person for the Mina San Jose, Zacatecas and Salvador properties according to NI 43-101 and has reviewed this news release. All samples in this news release were shipped to the ALS Chemex preparation lab in Zacatecas (Mexico) and the pulps were then shipped to the ALS Chemex Lab in North Vancouver.

 

 For more information, please contact the company at 604-688-7526.

 

On behalf of the Board of Directors,

 

“Mark A. McLeary

 

Mark A. McLeary

President/CEO

 

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this news 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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