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- YLL and Frankfurt - YAB) is pleased to announce the results from a trenching program at the wholly owned Carol property, located in southern Sonora State, Mexico.
Previous sampling in trench BS-12 returned 20 metres grading 0.66 g/t gold (see news release dated July 10, 2008). This trench was re-dug and extended, which confirms the presence of the gold zone discovered by Yale during the last phase of trenching performed on the property and resulted in the discovery of a second gold zone. This zone occurs at the southern edge of the Blade South target that measures approximately 1,100 metres long and 400 metres wide. The two gold zones, separated by 20 metres, are as follows:
- Zone 1: 0.60 g/t gold over 16 metres (re-sampled) - Zone 2: 0.39 g/t gold over 16 metres (new)
A second trench dug approximately 500 metres to the northeast at the eastern edge of known skarn mineralization resulted as the previous trench (BS-6) was not dug deep enough as mineralization continued under deep overburden. This new trench uncovered a wider zone of higher grade mineralization as follows:
- 1.94 % copper, 19.17 % zinc, 0.93 % lead, 36.7 g/t silver and 0.59 g/t gold over 10 metres
Property status:
The Company wishes to report that the letter of intent previously announced on Nov. 10, 2009 has not been converted into a definitive agreement. Yale will keep the non-refundable deposit of $25,000. As a result the Carol property is available for option.
Samples from the Carol property 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 1 g/t gold were re-assayed using gravimetric methods. Samples with greater than 1% copper, lead and zinc were re-assayed using ore grade methods.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101, for the Urique Project.
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.
SOURCE: Yale Resources Ltd.
Yale Resources Ltd. Ian Foreman, 604-678-2531
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