High Grade

High Grade

Highest ranks of monitoring Tour Yale Resources' investment dealer in La Verde Project

Samples taken as samples vertical grooves in chip intervals along the walls in the historic operation turned high quality trials with a weighted average of 2.57 percent copper (Cu), 86.8 grams per tonne silver (Ag), 0.97 percent zinc (Zn) and 0.19 g / t gold (Au) over a vertical height of 1.89 m average .

Recently, several members of the investment community in Toronto has visited the La Verde project, in collaboration with Ian Foreman, P. Geo, President and Julio Lopez exploration of the management company. The La Verde project is located 45 km north of Hermosilo, Sonora, Mexico. Yale acquired this project closely four months at a cost of U.S. $ 1.6 million payable over 27 months and a net smelter return of 2%. The property has a historic resource estimate dating from 1989 (Which does not comply with NI 43-101 * rules) of some 459,000 tonnes grading 2.59% copper, 98.54 grams per tonne silver and 0.38 grams per tonne gold. Yale is doing considerable progress in updating and expanding this resource.

There are at least five fields Known historical workings on the property, but the company is currently heading for the mine of La Verde Grande itself. Walking inside the operation old mine, the blue-green hues make the copper oxide mineralization quite evident. Mining operations at the turn of the 20th century, when the area has been properly operated, used steam engines. These limitations mean that only grade ores were the highest mined. With modern technology and a rise in metal prices, Foreman and his supporters believe that the wealth of mineable ore remains, long forgotten or unknown.

Yale has responded quickly to the Verde. According to Ian Foreman, "The Great Green is much bigger than we thought." Yale has reviewed several of the old workings, and took some 200 channel samples of the entire underground. Most of these exploration drifts about two meters high by two meters wide. Great Green seems to be a classic limestone skarn altered with elevated levels of copper and silver associated gold and zinc. "But there may be more to it than just a classic skarn" says Ian Foreman. In The United Verde mine, there are four different levels, facing north. In addition, it is an old trendy east / west.

The walls of the ancient sites are covered in bat guano and soot. Some bats are still flying through the old mine and give a new challenge to mine samplers and geologists. Yale Resources will try mine release Great Green function bats and convince them to find a new home.

Yale Resources has developed an interesting discovery in The Great Green with significant geological potential and economic importance. They found a tree of at least 80 meters from the Great Green. Documentation and geological history of old records of this tree add a new dimension to the old work. Of particular note is the reference to sulfide mineralization at the bottom of the tree. All other mineralization in the mine of La Verde Grande is the oxide so therefore this is potentially very important. The other is that, given the challenges of drilling and mining equipment using steam at that time, it is doubly important that so many resources were devoted to such development. It would have been a great company to do a vertical shaft to depth is equivalent to a 26-storey building. There is a challenge to determine what the mineralization occurs in the area of the tree - being security considerations and without the mythical Spiderman to go there. One way to decode the mystery of sulphides would be put in a borehole parallel to the shaft. The results of this might change the geological concept of the Great Green and add a new dimension to geology.

The objective Project La Verde is to more clearly define the mineralized zones, which contain copper mineralization grading 1 to 3% copper. It is also a sweetener with silver, gold and zinc, all of which contribute to increase the value of the mineralization. Once resources Yale receives all results their program of channel sampling, they can establish a drilling program with priority targets. Their goal is to delineate a resource several million tonnes which lends itself to open pit mining.

Yale has other targets near their project The Great Green. Julio Lopez Exploration Manager, in collaboration with a project geologist, two junior geologists and two sampling teams have work to do. The aim El Picacho is located 900 meters northeast of the project The Great Green following the strike. The objective is to explore a gap oxide solid copper showing a width of 15 meters which was discovered in the early 1900s.

A second objective, the Verdesita located 1300 meters south of La Verde Grande Mine has historic estimates (non-compliant with 43-101 rules) of 100,000 tonnes of copper to 3%.

These objectives and other nearby targets have never been explored as one package. A more detailed knowledge of the geology will be useful There is even a possibility that the same geological structure links up in depth, the three objectives above.

November 6, Yale Resources released the first set of tests - 19 in all. The results confirm anomalous copper values with a weighted average grade of 1.21% copper, 26.6 grams per tonne silver, 0.77% Zn and 0.27 grams per tonne gold. The best score gave a result of 1.97 meters grading 4.86% copper, 131 grams per tonne silver, 0.26% Zn, and 3.28 grams per tonne gold.

Yale will prioritize drilling targets across mineralized zones, once all test results are received in the coming months. The challenge now is to "set the smoke" to determine the best targets drilling and mineralization potential of the economy.

With only 26 million shares (33.6 million diluted shares) and a cost aound $ 0.25 per share, Yale is still a good deal for some producing countries in the short term that could pay its way soon. The months future may well see the north of Yale's share price head for winter.

This article is for information purposes only and does not constitute a recommendation to buy or sell shares of any company mentioned herein. It is based on sources to be reliable, but no warranty as to the accuracy, express or implied. The opinions expressed in this article are those of the author, unless the states are assigned to persons other than the author, in which case the opinions are those of the person to whom they are attributed.

About the Author

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