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Click here to see the NI 43-101 report on the Zacatecas Properties. Yale Resources Ltd. a Joint Venture with IMPACT Silver Inc. on three properties in the Zacatecas Silver District, Mexico. Yale owns a 65% interest in the properties. The three properties, collectively called the Zacatecas Venture, are San Jose, and Salvador/Zacatecas. All three properties are within eight kilometres of the Veta Grande processing plant, which IMPACT has an option to purchase. An important aspect of these properties is the high grade nature of the run of mine dumps located on the properties - grades from sampling done to date shows that the dumps grade, on average, in excess of 300 g/t silver. Should the results of the upcoming exploration programs prove favourable, Yale will be able to process material through the Veta Grande processing plant once IMPACT exercises its option to acquire the plant. Each of the three properties has had some past silver production dating back to the Spanish period. The Zacatecas silver district is one of the largest historic silver districts in the world with past production estimated at 1.2 billion ounces. In August 2008, Yale optioned - subject to TSX-Venture approval - its interest in the Zacatecas properties to Enviro Energy Capital Corp. for cash payments totaling $150,000, the issuance of 500,000 shares in Enviro and expenditures of at least $200,000 within 13 months. Click below for details for each property: |
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