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Wednesday, June 22, 2011

Mining and Gold Stocks; YALE (TSX-V: YLL) Identifies Multiple Geophysical Targets at Los Amoles

June 22, 2011 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL) is pleased to report that the recently completed 28 line-kilometre geophysics program at the Los Amoles Silver Property, located in central Sonora State, has identified multiple potentially significant targets.
The geophysical interpretation identified eight (8) linear 500 to greater than 800 metre long features that are parallel to the trend of the known veins/structures within the property. The summary report prepared by the geophysical contractor concluded that "certain axies are representative of mineralised structures or veins whose potential has yet to be fully determined and should thus be further investigated" and recommended that three of them be drill tested.
In addition to the eight linear features, the Induced Polarization survey was successful in identifying multiple stand-alone targets. The Rosales mine occurs in the centre of a +19 mV/V chargeability high that is the middle of three such anomalies that form a corridor greater than 1.0 km in length. However, a 600 metre by 1,100 metre chargeability anomaly was identified in an area of the project that has received only limited field work to date.
In addition to the geophysics survey, 124 rock samples were taken from historic workings, mineralized dumps and outcrops. Samples have been submitted to Inspectorate Labs' preparation facility in Hermosillo and results are expected shortly.
Work at Los Amoles is being performed by Yale on behalf of Sonora Resources who by funding the exploration have the right to earn a 70% interest in the property.
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 approximately 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 Ltd. (previously Nature's Call) 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 (400,000 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
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. 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.
Contact:
Yale Resources Ltd.
Ian Foreman
604-678-2531
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