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Tuesday, November 09, 2010

Mining Stocks; YALE (TSX-V: YLL) SAMPLES 4.88 g/t GOLD AND 63.9 g/t SILVER OVER 10.2 METRES AT TENORIBA

November 9, 2010 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to announce that the first set of results from sampling at the wholly owned 8,160 hectare (81.6 square kilometre) Tenoriba Project located in the Sierra Madre Gold-Silver Belt has returned significant results.
Working through the extensive database acquired with the property led Yale to select two priority targets zones � La Verde and Moreno � at Tenoriba. Both of these zones contain high grade gold hosted in structures, often associated with mineralized vuggy silica, surrounded by lower grade disseminated mineralization in association with widespread argillic alteration. Neither zone has been previously drilled.
Yale has received the first assays from the La Verde target.
In the central area of La Verde a historic trench was reopened and extended by Yale personnel. This exposure returned a weighted average of 4.88 g/t gold and 63.9 g/t silver over 10.20 metres. The gold and silver mineralization appears consistent throughout; the breakdown of each sampled interval is as follows:
SampleFrom (m)To (m)Width (m)*Au (g/t)Ag (g/t)Cu (%)
Trench sample #10.01.901.900.172.90.04
Trench sample #2 1.90 3.00 1.10 8.88 104.6 3.31
Trench sample #3 3.00 4.40 1.40 1.20 36.4 1.20
Trench sample #4 4.40 5.50 1.10 1.64 45.1 2.08
Trench sample #5 5.50 7.20 1.70 3.55 57.5 2.97
Trench sample #6 7.20 9.30 2.10 5.27 47.3 0.53
Trench sample #7 9.30 12.10 2.80 6.94 85.5 2.22
* true width of the mineralization is unknown at this time.
The potential for expanding the La Verde Zone is demonstrated by a historic grab sample grading 6.53 g/t gold that was located approximately 100 metres northeast of the central trench mentioned above. This will be followed up on during an upcoming field program.
In addition, historic sampling indicates that there is a second area with high grade gold mineralization within La Verde as approximately 400 metres to the south a historic sample returned 31.8 g/t gold over 1.8 metres.
Yale Resources Ltd.
News Release � November 9, 2010
Page 2 of 2
All of the results from previous sampling within this southern portion of the La Verde target area � covering an area that measures approximately 200 by 100 metres � are provided below:
Sample # width Au (g/t)
MM-1304 1.30 2.30
MM-1305 1.70 1.03
MM-1306 1.50 0.10
MM-1303 2.00 0.06
MM-1302 0.20 0.16
MM-1301 1.50 0.02
MM-1307 1.40 1.31
MM-1308 1.80 31.80
MM-1309 0.40 0.22
Additional Results:
Additional samples from other targets at Tenoriba are currently being compiled by the Company and will be released when this work is completed.
About Yale Resources:
Yale Resources is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non-optioned properties as well as reviewing new projects with a focus on gold.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101. The Tenoriba property is an early stage project with no reported resources that requires additional sampling and geological mapping to fully determine the project's potential.
All of the samples mentioned in this release were prepared and analyzed by Inspectorate at their labs in Hermosillo and Vancouver and generally consisted of 2-4 kg of material. Gold analyses were performed by 30 gram fire assay with an AA finish. Silver and base metals were analyzed as part of a multi-element ICP package using an aqua regia digestion; samples with more than 100 g/t silver, 1% copper, 1% lead and/or 1% zinc (over limit) were re-analyzed using Inspectorate's 'ore grade' detection limits.
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.
Neither 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. 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.
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