Yale Resources Ltd. announce that its partner Enviro Energy Capital Corp. 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. 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 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.