Monday, 18th August 2008 (343 views)

Yale Resources has revealed high grade assay results for its El Rosario location.

Results of samples taken from the Mexican Urique mining development include 8.8 g/t gold over 0.85 metres and 0.78 g/t over five metres, showing potential for the establishment of a bulk tonnage resource.

Meanwhile, a further sample displayed almost one per cent silver.

The news comes after a recent drill in the area showed potential for significant silver-gold grades.

Yale plan to spend $4.5 million (approximately £2.4 million) on the exploratory programme, which covers 28,000 hectares of northern Mexico, over the next five years, website Yaleresources.com states.

The Rosario project is the largest of the company's three schemes in the local area, the other two being the Carol Property and La Verde.

Yale claim numerous one million plus ounce gold deposits have been found within a 300 km vicinity of the Urique project, which is located in south-west Chihuahua.

 

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