Yale Drills 11.50 m of 2.09 g/t Gold and 382.7 g/t Silver at Guadalupe
posted on
Dec 15, 2010 10:49AM
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Dear Agoracom Family,
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Sincerely,
George et al
Dec. 15, 2010 (Filing Services Canada) -- Yale Resources Ltd. (YLL - TSX Venture, YAB - FWB, YRLLF - OTCBB_Pink_Sheets), is pleased to report the discovery of a new gold/silver zone at the Guadalupe Property located in Zacatecas State, Mexico. Holes 6 and 7 of the recently completed drill program successfully intersected multiple targets. Drilling at Guadalupe was performed by Yale on behalf of its partner Silver American Mining who is currently funding all work on the property.
Drill hole 7 discovered a previously unknown mineralized multiphase breccia with a weighted average of 1.31 g/t gold and 254.1 g/t silver over 18.6 metres including 11.50 metres with a weighted average of 2.09 g/t gold and 382.7 g/t silver. The highest silver and gold grades were returned from separate intervals of 1.3m with 3.26 g/t gold and 1.2m grading 920.0 g/t silver. The new mineralized zone is located approximately 50 metres north of the Santa Rosa Vein and is open in all directions.
Photos of the breccia can be viewed on the Yale Resources website at http://www.yaleresources.com/s/Guadalupe_Photos.asp
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From To Width(1) Au Ag Ag Eq(2)
Target (m) (m) (m) (g/t) (g/t) (g/t)
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Drill Hole - GPE10-07
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Breccia #1 50.9 61.6 10.7 0.25 32.0 44.7
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Discovery breccia 67.80 86.40 18.60 1.31 254.1 319.7
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Including 74.90 86.40 11.50 2.09 382.6 487.3
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Including 76.75 85.20 8.45 2.75 454.8 592.5
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Including 76.75 82.50 5.75 2.98 538.5 687.5
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Santa Rosa Vein 115.3 115.85 0.55 0.13 200.0 206.5
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From To Width(1) Au Ag Ag Eq (2)
Target (m) (m) (m) (g/t) (g/t) (g/t)
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Drill hole - GPE10-06
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Santa Rosa vein 221.00 223.00 Mined working * no values
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Santa Rosa ? footwall 223.00 237.95 14.95 0.19 63.8 73.3
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Including 225.75 237.95 12.2 0.16 73.2 81.4
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Including 229.40 237.95 8.55 0.11 78.5 83.9
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Including 233.45 237.95 4.5 0.12 95.0 101.2
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