Monday, December 13, 2010

Mining Stocks; YALE (TSX-V: YLL) AQCUIRES AG/CU/ZN PROPERTY IN SONORA STATE, MEXICO

December 13, 2010 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to announce the acquisition of a 100% interest in the 400 hectare Apache Property, located approximately 150 kilometres north of Hermosillo, Sonora State, Mexico. The property is approximately 25 km west of Benjamin Hill and 30 km from Timmins Gold�s San Francisco Mine.
The core mineralized zone at Apache is defined by multiple historic workings centred on southwest trending veins and veinlets surrounded by a large zone with strong iron oxide staining. The veins are hosted in strongly altered metasediments.
Initial sampling from the Apache property returned the following results:
TypeWidth
(m)
DescriptionAg
(g/t)
Cu
(%)
Zn
(%)
Chip channel1.4Quartz-rich structure hosted in metasediments with disseminated copper oxides and crisocola42.71.532.96
Chip channel2.8Strongly fractured structure and metasediments with disseminated copper oxides and crisocola75.70.970.93
Chip channel2.0Strongly silicified metasediments with disseminated copper oxides, crisocola and azurite.4.22.991.99
Mineralized dump - Abundant iron oxide staining in meta sediments with disseminated copper oxides and manganese oxides34.41.071.45
Mineralized dump- Strong iron oxide stained metasediments with disseminated copper oxides54.40.951.94
Mineralized dump - Strong iron oxide stained metasediments with disseminated copper oxides28.81.682.68
Mineralized dump- Quartz-rich material with abundant copper oxides10.82.050.10
Yale has agreed to purchase a 100% interest with no royalties in the Apache Property by paying $250,000 payable as 2.5 million shares - subject to TSX Venture approval - to a private individual.
The Apache Property is Yale�s ninth project in Mexico and as part of the Company�s Project Generator business model will be added to our portfolio of projects available for option.
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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