May 05, 2011 Yale Starts Geophysics Program at Los Amoles News Release #11-08 Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to report a geophysics program has been started on the Los Amoles Property located in central Sonora State. Work at Los Amoles is being done by Yale on behalf of Sonora Resources Ltd. (previously Nature's Call), which has an option to earn a 70% interest in the property. The geophysics will consist of both IP and Magnetic susceptibility and cover a nine (9) square kilometer area with 28 line kilometres of grid. This area will cover the main 1.0 by 2.5 km target area that has previously been mapped and sampled as well as prospective land to the southwest that is known to contain additional historic workings. Previous mapping has successfully defined a vein system that has been traced on surface for approximately 800 metres along strike (see news release dated Feb. 15, 2011) with highlight samples including:
About the Los Amoles Property: The early stage wholly owned 16.3 square kilometre Los Amoles Property is located approximately 150 kilometres northeast of the Hermosillo, Sonora State, Mexico. The property is 10 kilometres northeast of the La Caridad Mine, operated by Grupo Mexico, which is one of the largest mining and processing complexes in Mexico. Sonora Resources Ltd. (previously Nature's Call) has an option to earn a 70% interest in the property by paying to Yale US $ 50,000 (received), spending US $ 900,000 on exploration expenditures and issuing 1,000,000 shares (200,000 have been received) to Yale over three years. Work performed to date by Yale has concentrated on an area (the Rosales area) that is on the south eastern edge of a 4.0 by 2.75 km regional magnetic anomaly. Yale's interpretation is that the Rosales area represents silver-lead +/- gold veins that are distal to a porphyry system. The potential for this regional anomaly to reflect a buried porphyry has yet to be tested. Many of Sonora's most significant porphyry deposits are located within 70 km of the Los Amoles property.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101 for the Los Amoles property. The Los Amoles property is an early stage project that requires additional sampling and geological mapping to fully determine the project's potential. "Ian Foreman" Ian Foreman, P.Geo. President For additional information on Yale Resources please call the Company at 604-678-2531. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press 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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