Wednesday, January 19, 2011

Mining Stocks; YALE (TSX-V: YLL) Adds Second Drill Ready Target to Urique Project

January 19, 2011 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to report the addition, by staking, of a key 180 hectare parcel of land in the core of the San Pedro Target of its Urique Project. Yale now controls all the ground covering the entire San Pedro Target, which was previously identified as one of the two most significant areas of alteration and mineralization within the wholly owned 281 sq km Urique Project, located in western Chihuahua State, Mexico.
San Pedro is host to multiple variably oriented veins that create a large scale stockwork. Local high grade results are highlighted by the following previously unreleased samples from the newly acquired ground:
  • 137.5 g/t gold and 133.0 g/t silver over 0.25 metres;
  • 28.30 g/t gold and 315.0 g/t silver from a panel sample measuring 2.0 by 3.0 metres;
  • 30.80 g/t gold and 450.0 g/t silver over 0.70 metres;
In addition to covering the continuation of the Sangre de Cristo deposit - an important historical gold mine - the San Pedro Target has discrete high grade gold veins and disseminated mineralization within the host rocks suggesting that the area has the potential to contain a bulk tonnage gold deposit. The strong argillic alteration of the host rocks has been interpreted to represent the upper portions of a high sulfidation deposit.
Yale has taken in excess of 200 samples within the greater San Pedro area dating back to 2007, which lead to the Company to making this a priority acquisition.
Highlight samples from the newly acquired ground are:
InvestorIdeas.com Newswire Sampling previously announced by Yale (see news release dated April 24, 2007) from the San Pedro Target area includes:
InvestorIdeas.com Newswire About the Urique Property:
The Urique Project is wholly owned by Yale's Mexican subsidiary, Minera Alta Vista S.A. de C.V. and covers approximately 280 square kilometres of land that stretches over 40 km from the northern boundary of Goldcorp's El Sauzal property � host to the El Sauzaul gold mine � to the southern boundary of Kimber Resources Monterde property � host to an estimated resource in excess of 800,000 ounces gold and 30,000,000 ounces silver. The Urique Project contains 9 known gold and silver targets may represent one of the largest under explored packages of land in the central Sierra Madre Precious Metal Belt.
Samples from the San Pedro Target were prepared and analyzed by ALS Chemex at their labs in Mexico and Vancouver and generally consisted of 1-3 kg of material. Gold analyses were performed by 30 gram fire assay with an AA finish; samples with more than 10 g/t gold (over limit) were analyzed using gravimetric methods. Silver was analyzed as part of a multi-element ICP package using an aqua regia digestion; samples with more than 100 g/t silver (over limit) were analyzed by AA.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101, for the Urique property. The Urique property is an early stage project with no reported resources that requires additional sampling, geological mapping and drilling to fully determine the project's potential.
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.
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.
Contact:
Yale Resources Ltd.
604-678-2531
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