Yankee Hat Minerals Sets Plan for 2011 Summer Work on Bullion Alley
04 May 2011 - 10:30PM
Marketwired
Yankee Hat Minerals Ltd. (TSX VENTURE: KHT) ("Yankee Hat" or the
"Company") announces that is has finished evaluating its successful
winter drill program at the Fran Property. All eight of the drill
holes contained gold and expanded the known gold zones of the
Bullion Alley sector to over 700 meters laterally. A strike length
of 2 kilometers was evaluated to a vertical depth of 300 meters.
The 2011 summer field season will further test surface outcrops
on the Bullion Alley gold zone and, for the first time, the Company
will begin exploration on the vast eastern part of the Fran
Property. Previous prospecting and stream sediment sampling on the
eastern part of the property has identified copper and gold
mineralization associated with intrusions. This part of the
property is consistent with the geology of the region, known to
host significant Cu-Au porphyry-type deposits such as Mt. Milligan
located only 30km to the east.
"The addition of an exploration program to a known area of
significant gold mineralization is an exciting step forward for
Yankee Hat," said David Matousek, President of Yankee Hat. "The
work to be done on the eastern part of Fran will outline areas of
interest for a potential drill program."
Jean-Philippe Desrochers, Ph.D., P.Geo., is a qualified person
registered in Quebec as defined by NI-43-101 and has reviewed the
technical information that this news release contains.
About the Fran Property
The Fran property is located in central British Columbia
approximately 60 kilometres north of the city of Fort St. James.
The region is well known for its abundance of large scale deposits
and mines, most notably the Mount Milligan deposit which is located
30 kilometres northeast of the property and the Kemess South mine
located approximately 250 km to the north. The original Fran
property consisted of eight mineral claims covering approximately
4,000 hectares. Staking to the east, south and west has expanded
the property to 10,200 hectares to cover areas with anomalous gold
and copper mineralization and favorable geology.
About Yankee Hat Minerals Ltd.
Yankee Hat Minerals Ltd. is a publicly held resource exploration
company that utilizes its management's expertise in mineral
exploration and evaluation, and financial acumen, to identify,
acquire, and develop mineral prospects in mining friendly
jurisdictions with the potential to host large-scale discoveries.
The company strategically focuses on commodities that have strong
underlying price fundamentals such as gold and precious metals,
rare earth elements and tungsten. The Company's website at
www.yankeehatminerals.com and public filings at www.sedar.com
provide additional information on its projects and other
information with respect to its management and operations.
ON BEHALF OF THE BOARD
P. Bradley Kitchen, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Yankee Hat Minerals Ltd. David Matousek President
604.697.5790 604.697.0790 (FAX) info@yankeehatminerals.com
www.yankeehatminerals.com Investor Cubed Inc. Neil Simon
647.258.3310 or Toll Free: 1.888.258.3323 info@investor3.ca
www.investor3.ca
Yankee Hat Minerals Ltd (TSXV:KHT)
Historical Stock Chart
From May 2024 to Jun 2024
Yankee Hat Minerals Ltd (TSXV:KHT)
Historical Stock Chart
From Jun 2023 to Jun 2024