Jan 29, 2010
Yale Identifies New Zone At Orofino
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to announce that ongoing fieldwork at the wholly owned Orofino Project has identified a new mineralized target.
The new target, the Koala Zone, is made up of a zone of oxidation that measures approximately 175 by 90 metres. The discovery outcrop, located at the southern edge of the Koala Zone, returned values of 1.07 g/t gold, 60.1 g/t silver, 1.22 % lead and 1.82 % zinc over 1 metre. A hand dug trench, located 50 metres to the north, uncovered a second mineralized structure that returned 10 metres averaging 0.58 g/t gold, 57.4 g/t silver, 8.4 % lead and 1.4 % zinc located approximately 45 metres to the east.
Limited outcrop requires that continued work at the Koala Zone will consist of additional trenching. The potential to expand the area is demonstrated by one outcrop that occurs approximately 50 metres to the southeast that returned 0.68 g/t gold from a panel sample measuring 2 m by 1 m.
The Orofino Project:
The Koala Zone is now the tenth known mineralized target within the Orofino Project. The property contains six historic open-pit workings. Although production records are not available, the vendor of the property had small-scale production during the mid-1990s, which produced approximately 60,000 tonnes of ore grading approximately 2 to 4 grams per tonne gold. The Orofino Project is located approximately 135 km southeast of Hermosillo, Sonora State and is approximately 83 square kilometres in size. The Project area is host to 9 known mineralized targets and 6 historic open pit workings.
Highlights from previous work within the concessions are (see news release dated October 6, November 6, and December 1, 2009):
On behalf of the Board,
Ian Foreman, P.Geo.
For additional information on Yale Resources please call the Company at 604-678-2531.
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