Feb 04, 2009
Yale Discovers New Target at La Verde
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to announce that it has discovered a new mineralized target at its wholly owned La Verde Project. The new target, named El Alamito, outcrops over an area measuring 80 metres by 30 metres and, as with all of the targets within the La Verde Project, has the potential to contain significant mineralization as samples returned high values of 1.91 % copper, 125.0 g/t silver, 12.25 % zinc and 0.53 g/t gold. Visible copper mineralization consists of malachite, azurite and chrysocolla occurring as disseminations as well as fracture fill.
El Alamito is now the tenth target within the La Verde Project and is located only 450 metres from the La Verde Grande Mine and 350 metres from the La Tescalama target. As with La Verde Grande, mineralization appears to be intimately related to a quartz-monzonite intrusive that is locally in contact with the mineralization. Determining the relationship between the targets will be the subject of continued exploration at La Verde.
Below are the averages from non-contiguous samples taken from continuous mineralization at El Alamito:
On going work at La Verde:
Yale Resources is working towards creating a conceptual mine plan for the historic La Verde Grande Mine in order to determine the economic thresholds for the deposit. The La Verde Grande Mine is within Yale's 100% owned La Verde Project located approximately 45 km northwest of Hermosillo, Sonora State, Mexico.
Ian Foreman, P.Geo, is the Qualified Person, according to National Instrument 43-101, for the La Verde Property and is responsible for the technical data mentioned in this news release.
All of the samples mentioned in this release were prepared and analyzed by ALS Chemex 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, copper and zinc 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 and/or 1% zinc (over limit) were re-analyzed using ALS Chemex's 'ore grade' detection limits.
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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