Thursday, May 05, 2011

Mining Stocks News Alert; YALE (TSX-V: YLL) STARTS GEOPHYSICS PROGRAM AT LOS AMOLES

May 5, 2011 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to report a geophysics program has been started on the Los Amoles Property located in central Sonora State. Work at Los Amoles is being done by Yale on behalf of Sonora Resources Ltd. (previously Nature's Call), which has an option to earn a 70% interest in the property.
The geophysics will consist of both IP and Magnetic susceptibility and cover a nine (9) square kilometer area with 28 line kilometres of grid. This area will cover the main 1.0 by 2.5 km target area that has previously been mapped and sampled as well as prospective land to the southwest that is known to contain additional historic workings.
Previous mapping has successfully defined a vein system that has been traced on surface for approximately 800 metres along strike (see news release dated Feb. 15, 2011) with highlight samples including:
  • 2.0 metres grading 0.63 g/t gold and 698.6 g/t silver
  • 6.0 metres averaging 0.33 g/t gold and 226.6 g/t silver
  • including 2.0 metres grading 0.63 g/t gold and 497.3 g/t silver
  • 1.0 metres grading 0.33 g/t gold and 496.8 g/t silver
  • Dump material grading 0.24 g/t gold and 1,027.5 g/t silver
To date, greater than 45 historic workings and greater than 20 gold/silver veins have been identified within approximately 60% of the El Rosario target area that measures 1.0 by 2.5 kilometres. Another stage of fieldwork is planned in order to map and sample the remaining areas within the El Rosario target. This work will be done in advance of geophysics, which in turn, will be done to delineate priority locations for drilling.
About the Los Amoles Property:
The early stage wholly owned 16.3 square kilometre Los Amoles Property is located approximately 150 kilometres northeast of the Hermosillo, Sonora State, Mexico. The property is 10 kilometres northeast of the La Caridad Mine, operated by Grupo Mexico, which is one of the largest mining and processing complexes in Mexico.
Sonora Resources has an option to earn a 70% interest in the property by paying to Yale US $ 50,000 (received), spending US $ 900,000 on exploration expenditures and issuing 1,000,000 shares (200,000 have been received) to Yale over three years.
Work performed to date by Yale has concentrated on an area (the Rosales area) that is on the south eastern edge of a 4.0 by 2.75 km regional magnetic anomaly. Yale's interpretation is that the Rosales area represents silver-lead +/- gold veins that are distal to a porphyry system. The potential for this regional anomaly to reflect a buried porphyry has yet to be tested. Many of Sonora's most significant porphyry deposits are located within 70 km of the Los Amoles property.
Samples from Los Amoles were prepared and analyzed by IPL Inspectorate in their facilities in Mexico and Vancouver, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 100 g/t silver were re-assayed using gravimetric methods.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101. The Los Amoles property is an early stage project that requires additional sampling and geological mapping 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.
About Yale Resources:
Yale Resources is an exploration and development company concentrating in northwestern Mexico. Utilizing the joint venture business model, Yale is able to maximize its exposure to discovery while minimizing exploration risk. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects. Yale has four projects under option to value added partners with commitments for approximately $1.0M in expenditures during the next 12 months.
Contact:
Yale Resources Ltd.
Ian Foreman
604-678-2531
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