Yale and Enviro Energy Start Work Program at Zacatecas
14 Gennaio 2009 - 7:08PM
Marketwired
Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to
announce that its partner Enviro Energy Capital Corp. (TSX-V: GEC)
has started its first phase work program on the Mina San Jose,
Zacatecas and Salvador claims that form the Zacatecas Venture.
Yale owns 65% of the Zacatecas Venture with IMPACT Silver Corp.
(TSX-V: IPT) owning the remaining 35%. Enviro has an option to earn
100% of Yale's ownership by making staged cash payments totaling
$150,000, issuing Yale 500,000 shares in Enviro and funding
expenditures of at least $200,000 within 13 months. Yale will act
as operator of the project during the earn-in process. This first
phase of the earn-in is expected to last approximately three
weeks.
The work currently underway will focus on locating, measuring
and sampling the mineralized dumps that occur within the
properties. Previous sampling of these dumps (see Yale news release
dated October 17, 2006) averaged over 200 grams per tonne (greater
than 5.5 ounces per ton) silver with the highlight sample being
from the Mina San Jose property which returned 4,970 g/t (159.8
oz/t) silver, 6.74 g/t gold, 1.67 % lead, and 2.98 % zinc from a
hand selected sample.
Ian Foreman, P.Geo, is a Qualified Person, according to National
Instrument 43-101, for the Zacatecas Venture and is responsible for
the technical data mentioned in this news release. A technical
report on the Zacatecas Venture is available on the Company's
website as well as www.sedar.com.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the
Company at 604-678-2531.
The TSX Venture Exchange has not reviewed and does not accept
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.
Distributed by Filing Services Canada and retransmitted by
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