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Dec. 13, 2010 (Filing Services Canada) -- Yale Resources Ltd. (YLL - TSX Venture, YAB - FWB, YRLLF - OTCBB_Pink_Sheets), is pleased to announce the acquisition of a 100% interest in the 400 hectare Apache Property, located approximately 150 kilometres north of Hermosillo, Sonora State, Mexico. The property is approximately 25 km west of Benjamin Hill and 30 km from Timmins Gold's San Francisco Mine.
The core mineralized zone at Apache is defined by multiple historic workings centred on southwest trending veins and veinlets surrounded by a large zone with strong iron oxide staining. The veins are hosted in strongly altered metasediments.
Initial sampling from the Apache property returned the following results:
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Type Width Description Ag Cu Zn
(m) (g/t) (%) (%)
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Chip 1.4 Quartz-rich structure 42.7 1.53 2.96
channel in metasediments with
disseminated copper
oxides and crisocola
Chip 2.8 Strongly fractured 75.7 0.97 0.93
channel structure and
metasediments with
disseminated copper
oxides and crisocola
Chip 2.0 Strongly silicified 4.2 2.99 1.99
channel metasediments with
disseminated copper
oxides, crisocola and
azurite
Mineralized - Abundant iron oxide 34.4 1.07 1.45
dump staining in meta
sediments with
disseminated copper
oxides and manganese
oxides
Mineralized - Strong iron oxide 54.4 0.95 1.94
dump stained metasediments
with disseminated
copper oxides
Mineralized - Strong iron oxide 28.8 1.68 2.68
dump stained metasediments
with disseminated
copper oxides
Mineralized - Quartz-rich material 10.8 2.05 0.10
dump with abundant
copper oxides
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Yale has agreed to purchase a 100% interest with no royalties in the Apache Property by paying $250,000 payable as 2.5 million shares - subject to TSX Venture approval - to a private individual.
The Apache Property is Yale's ninth project in Mexico and as part of the Company's Project Generator business model will be added to our portfolio of projects available for option.
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.
400 - 409 Granville St.,
Vancouver, B.C., V6C 1T2, Canada
Phone: 604-678-2531
Fax: 604-678-2532
Source:Yale Resources Ltd. (TSX-V: YLL)
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Source: Filing Services Canada (December 13, 2010 - 2:21 PM EST)