VANCOUVER, British Columbia, Aug 16, 2010 (BUSINESS WIRE) --
YaleResources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased toannounce additional positive results from the wholly owned Guadalupeproperty, located in the heart of the Fresnillo district, on behalfof partner Gold American Mining Inc.
Fieldwork continuesto identify additional veins within the property -- as suchseveral veins remain without names. To date nine veins have beenmapped within the Guadalupe property. In certain locations the width ofsampling was limited by the size of the workings and as such thetrue width of mineralization remains unknown. The highlights fromthe most recent sampling program are listed below:
Sample Location Type Width (m) Au (g/t) Ag (g/t)
--------- ----------------- ---- --------- -------- --------
1703 Veta Centenario Chip 0.6 0.97 282.0
--------- ----------------- ---- --------- -------- --------
1712 Veta San Augustin Chip 1.0 0.25 74.0
--------- ----------------- ---- --------- -------- --------
1718+21 Veta Santa Rosa chip 1.1 0.15 130.2
--------- ----------------- ---- --------- -------- --------
including 0.4 0.23 218.0
--------- --------- -------- --------
1731 Unnamed vein Chip 1.3 0.21 172.0
--------- ----------------- ---- --------- -------- --------
1732 Unnamed vein Chip 1.0 0.40 182.0
--------- ----------------- ---- --------- -------- --------
Severalpreviously unknown historic shafts were also identified withinthe property. It is apparent that these shafts were sunk along strikefrom other workings as there are often no outcrops in the vicinityof the shafts. In these situations the mineralized dumps nearthose workings were sampled. The key results from those new dumpsare listed below:
Sample Location Type Description Au (g/t) Ag (g/t)
------ ---------------- ---- ------------------------------------------- -------- --------
1701 Unamed vein Dump Sandstone with strong calcite veining 1.41 70.2
------ ---------------- ---- ------------------------------------------- -------- --------
1706 Veta Centenario Dump Ryolitic fragments and abundat quartz veins <0.03 138.0
------ ---------------- ---- ------------------------------------------- -------- --------
1707 Veta Centenario Dump quartz veins with strong iron oxide 0.09 230.0
------ ---------------- ---- ------------------------------------------- -------- --------
1715 Veta San Antonio Dump very oxidized sandstone with calcite viens 1.04 74.0
------ ---------------- ---- ------------------------------------------- -------- --------
1724 Unamed vein Dump silicified breccia with strong oxides 0.04 93.8
------ ---------------- ---- ------------------------------------------- -------- --------
Severalexposures/workings that occur immediately off of the propertywere also sampled. These areas were sampled because the veins are knownto continue onto the property, however there are no exposuresimmediately on the property side of the boundary. The followingresults are provided for reference only:
Sample Location Type Width (m) Au (g/t) Ag (g/t)
------ ------------------ ---- --------- -------- --------
1709 Veta Marcos de Oro Dump - 0.48 254.0
------ ------------------ ---- --------- -------- --------
1711 Veta Marcos de Oro Dump - 0.17 132.0
------ ------------------ ---- --------- -------- --------
1725 Veta San Antonio Chip 0.7 1.63 470.0
------ ------------------ ---- --------- -------- --------
1726 Veta San Antonio Chip 1.0 0.86 106.0
------ ------------------ ---- --------- -------- --------
1727 Veta San Antonio Chip 0.6 2.44 22.3
------ ------------------ ---- --------- -------- --------
About the Guadalupe Property:
The282.84 hectare Guadalupe Property is located approximately 4kilometres north of the city of Fresnillo, Zacatecas State, Mexico. Theproperty is approximately 8 kilometres north of the Fresnillo(Proano) Mine, the world's richest underground silver mineoperated by Fresnillo plc. The property is also approximately 11kilometres northeast of the Juanicipio Joint Venture between MAGSilver Corp. and Fresnillo plc.
The Property contains greaterthan 20 known workings as well as two historic mines --Santa Ritaand San Antonio. Historic records containing references to theSanta Rita and San Antonio mines suggest that both mines wereimportant and reached their height of production between 1910 and1920 but were last in production in the 1980's.
Highlight results from the first phase exploration program were (see news release dated May 13, 2010):
--1.00 g/t Au and 946.9 g/t Ag over 1.1m --including 1.83 g/t Au and 1,800.0 g/t Ag over 0.5 m
-- 0.30 g/t Au and 622.0 g/t Ag from a mineralized dump
-- 0.59 g/t Au and 330.0 g/t Ag over 0.7 m
-- 5.35 g/t Au and 1,189.0 g/t Ag from a mineralized dump
About Yale Resources:
YaleResources is an exploration and development company concentratingin northwestern Mexico that is building value through projectgeneration. Yale has three of its properties optioned out to value addedpartners. These agreements combine for minimum commitments ofapproximately US $1,250,000 of exploration expenditures over thenext 12 months. Yale continues to work on its non-optionedproperties as well as reviewing new projects.
Samples fromthe Guadalupe property were prepared and analyzed by StewartLabs in their facilities in Mexico and Kamloops, respectively.Samples generally consisted of 1-3 kg of material. Gold and silveranalyses were performed by 30 gram fire assay with an AA finish.Samples with greater than 100 g/t silver were re-assayed usinggravimetric methods.
Ian Foreman, P.Geo., is YaleResources' Qualified Person, as defined by National Instrument43-101, for the Guadalupe property. The Guadalupe property is anearly stage project with no reported resources that requiresadditional sampling and geological mapping to fully determine theproject'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 begin_of_the_skype_highlighting 604-678-2531end_of_the_skype_highlighting
NeitherTSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.
Statementsin this press release, other than purely historical information,including statements relating to the Company's future plans andobjectives or expected results, may include forward-lookingstatements. Forward-looking statements are based on numerous assumptionsand are subject to all of the risks and uncertainties inherentin resource exploration and development. As a result, actualresults may vary materially from those described in theforward-looking statements.
SOURCE: Yale Resources Ltd.
Yale Resources Mr. Cary Martin, 604-678-2531 begin_of_the_skype_highlighting 604-678-2531end_of_the_skype_highlighting ext. 223
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