Feb 28, 2008
YALE ANNOUNCES THAT GEOPHYSICS IDENTIFIES POSSIBLE EXTENTIONS TO THE LA VERDE GRANDE DEPOSIT
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to announce that a recently completed IP geophysical survey covering the La Verde Grande Cu-Ag-Zn-Au skarn deposit indicates that the deposit may extend over a strike length of more than 400 metres. In addition, the study has identified three additional anomalies in the immediate vicinity to the La Verde Grande deposit.
The geophysics program consisted of nine one kilometre long lines spaced 50 metres apart. The La Verde Grande deposit lies within a trend defined by a coincident chargeability and resistivity low, which is open to the southwest. Historic workings with skarn mineralization are located approximately 50 metres to the south of, and on trend with, the southern limit of the La Verde Grande Mine. These workings lie along the same geophysical trend that characterizes the La Verde Grande deposit.
Three geophysical coincident chargeability and resistivity anomalies are located 1) immediately southeast of the deposit, which is open to the east, 2) 100 m west of the deposit, which is open to the southwest, and 3) 250 m southwest of the deposit, which is open to the southeast. Recent surface mapping has identified oxide copper staining in the vicinity of each of these anomalies. Fieldwork is currently underway in an attempt to determine the significance of these anomalies.
Figures showing the geophysical anomalies relative to the La Verde Grande Mine are viewable below:
About the La Verde Project:
The La Verde Grande Mine is one of eight known deposits/targets within the 2,940 hectares (29.4 square kilometres) La Verde Project, located 45 km northwest of Hermosillo, Sonora State, Mexico. In addition to possible extensions to the La Verde Grande deposit, the La Verde project has considerable exploration potential.
Ian Foreman, P.Geo, is the Qualified Person, according to National Instrument 43-101, for the La Verde Project and is responsible for the technical data mentioned in this news release. All 'Historic Data' is presented for reference only and should not be relied upon as it pre-dates NI 43-101.
On behalf of the Board,
Ian Foreman, P.Geo.
For additional information on Yale Resources please call the Company at 604-678-2531.
The TSX Venture Exchange has not reviewed and does not accept 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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