Dec 4 2010
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) has reported that it has successfully defined a second early stage gold target within the wholly owned Tenoriba Property located in Chihuahua State, Mexico.
The Moreno Target was highlighted by Yale personnel after reviewing historic data on the project and the first field visit has identified disseminated gold hosted in strongly altered ignimbrites over an area that measures approximately 200 metres by 200 metres.
“We are very pleased that work on these early stage targets continues to return gold grades that are comparable to those found in bulk tonnage gold deposits elsewhere in the Sierra Madre”
The Moreno Target is located within the Central Trend, which measures at least 5 kilometres in length and 2 kilometres in width and, to date, contains 17 known gold targets. The Central Trend represents approximately 15% of the total property area.
A first pass sampling program by Yale at the Moreno Target returned gold values in the 0.33 to 1.67 grams per tonne gold over variable widths as summarized 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 50 metres apart from one another.
Ongoing work at Moreno will focus on detailed mapping, trenching and sampling in order to determine if these grades continue over wider intervals and to explore for higher grade mineralization as previously identified (see Masuparia news 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 to return gold grades that are comparable to those found in bulk tonnage gold deposits elsewhere in the Sierra Madre," stated Ian Foreman, P.Geo., president of Yale.
1.1 kilometres northeast of the Moreno Target is the La Verde Target, which was the first target visited by Yale. The central trench at La Verde returned 10.2 metres with a weighted average of 4.88 g/t gold and 63.9 g/t silver (see news release dated November 9, 2010). Yale is processing additional results from other targets within the Central Trend and these will be reported when available.
Source: Yale Resources Ltd.