Friday, December 03, 2010

Mining Stocks; YALE (TSX-V: YLL) DEFINES A SECOND GOLD TARGET AT THE TENORIBA GOLD/SILVER PROPERTY

December 3, 2010 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to report that it has successfully defined a second early stage gold target within the wholly owned Tenoriba Property located in Chihuahua State, Mexico. The Moreno Target was highlighted by Yale personnel after reviewing historic data on the project and the first field visit has identified disseminated gold hosted in strongly altered ignimbrites over an area that measures approximately 200 metres by 200 metres.
The Moreno Target is located within the Central Trend, which measures at least 5 kilometres in length and 2 kilometres in width and, to date, contains 17 known gold targets. The Central Trend represents approximately 15% of the total property area.
A first pass sampling program by Yale at the Moreno Target returned gold values in the 0.33 to 1.67 grams per tonne gold over variable widths as summarized below:
  • 6.1 metres with a weighted average of 1.19 g/t gold
  • 8.0 metres with a weighted average of 0.80 g/t gold
  • 2.5 metres grading 1.67 g/t gold
  • 6.0 metres with a weighted average of 0.33 g/t gold
The four intervals reported above were taken from exposures at least 50 metres apart from one another.
Ongoing work at Moreno will focus on detailed mapping, trenching and sampling in order to determine if these grades continue over wider intervals and to explore for higher grade mineralization as previously identified (see Masuparia news releases dated May 7, 2007 and Jan. 28, 2008):
  • a continuous 13.1 meter chip composite through some of the workings grading 1.21 g/t gold, and
  • 6.3 g/t gold over 3.5 metres
"We are very pleased that work on these early stage targets continues to return gold grades that are comparable to those found in bulk tonnage gold deposits elsewhere in the Sierra Madre", stated Ian Foreman, P.Geo., president of Yale.
1.1 kilometres northeast of the Moreno Target is the La Verde Target, which was the first target visited by Yale. The central trench at La Verde returned 10.2 metres with a weighted average of 4.88 g/t gold and 63.9 g/t silver (see news release dated November 9, 2010). Yale is processing additional results from other targets within the Central Trend and these will be reported when available.
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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