AddThis

| More

Monday, June 28, 2010

YLL.V NEWS !

Yale Samples 2.70 g/t Au and 529.8 g/t Ag Over 2.10m – Identifies Another New Zone at Orofino. 

Business Wire 




VANCOUVER, British Columbia (Business Wire) -- Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to 
      announce that ongoing fieldwork at the wholly owned Orofino Project has 
      identified another new mineralized target. This new target is located in 
      the southern portion of a 4.5 by 2.5 kilometre coincident silica and 
      iron-oxide ASTER anomaly located in the approximate centre of the 83 
      square kilometre project. San Francisco is now the eleventh known 
      mineralized target within the Orofino Project. The highlight sample was 
      2.1 metres with a weighted average of 2.70 g/t gold and 529.8 g/t silver.
    
    


      The San Francisco target is on trend with the Quelitoso target, located 
      approximately 1.3 km away, as well as the Santiago Target located an 
      additional 1.5 km away. This now creates a mineralized trend that 
      measures as least 3 kilometres in length.
    
    


      The San Francisco target is made up of a 30 to 40 metre wide zone of 
      strong oxidation centred on a 5 to 6 metre wide core area of strong 
      silicification and veining. It has been traced in the field for 300 
      metres along strike and remains open in both directions.
    
    


      Of note at San Francisco is the absolute lack of any signs of previous 
      sampling, which indicates to Yale management that there is potential to 
      encounter additional workings and/or targets in this portion of the 
      property as it appears to not have been explored by previous companies.
    
    


      Multiple historic workings exist along this 300 metre portion of the San 
      Francisco target. To date, reconnaissance-style sampling has only been 
      done within these workings. Sampling from this initial reconnaissance 
      sampling returned the following results:
    
    
      
          
       

No comments:

Search This Blog

Followers

Blog Archive

About Me

30 Years of experience in the markets, including some time as a broker.