SOURCE: Yale Resources Ltd.

August 14, 2008 13:28 ET

441 g/t Silver Over 2.35 Metres Sampled From Underground at the Rosario Area, Urique Project

VANCOUVER, BC--(Marketwire - August 14, 2008) - Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) has been informed by its partner, EXMIN Resources Inc., that phase two exploration has successfully expanded the silver-gold mineralization at the El Rosario target, Urique district, Mexico.

Highlights from the sampling include:

- 1,640 g/t silver over 1.05 m,
- 441 g/t silver over 2.35 m,
- 8.8 g/t gold over 0.85 m, and
- 257 g/t silver and 0.78 g/t gold over five metres (within the host
rocks).

The Rosario tunnel, the largest of three important workings known in the area, was dewatered and has been mapped and sampled through the known mineralized areas. Follow up work successfully showed the potential for wider veins and mineralization extending into the altered host rocks.

The presence of multiple vein sets hosting high grade silver-gold mineralization, as well as felsic intrusives related to widespread alteration and mineralization of the andesitic rocks, suggests that the El Rosario target area has the potential to expand further. Recent work at the El Rosario area has identified wider mineralized structures.

Dr. Craig Gibson, Executive Vice President of Exploration for EXMIN, stated: "We know that the narrow veins yield high grade assays, in one case approaching 1 per cent silver. Additional sampling has yielded high grade assays over more typical underground mining widths and also shows the potential for development of a bulk tonnage resource."

Selected assay results from veins in the Rosario area, Urique South:

Vein/level/sample Width(m) Au (g/t)  Ag (g/t)  Cu (%) Pb (%) Zn (%)
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Vein 1
Rosario level
9050                0.65     0.28      61.8      0.4    0.1    0.2
9053                 NA      0.36      269.0     0.8    0.2    0.1
Vein 2
Tezcalama level
6842*               0.17     2.87      1155.0    1.1    2.7    0.2
El Salto mine
6858*               0.22     4.93      804.0     0.2    0.4    0.1
Vein 3
Surface workings
7483-84             0.80     0.28      405.3     0.2    0.9    0.9
 including 7483*    0.10     2.14      3220.0    1.2    7.4    6.9
9010-14             4.37     0.25      174.7     0.1    1.9    0.4
 including 9012-13  1.27     0.32      290.0     0.1    0.3    0.1
  including 9013    0.27     1.30      1320.0    0.6    1.1    0.2
9014                0.60     1.46      457.0     0.7    0.9    0.4
Rosario level
9129                0.95     0.79      54.8      -      0.2    0.1
9135                1.60     0.13      55.6      0.2    0.2    0.3
Vein 4
Surface
9028                0.25     3.59      842.0     0.2    3.8    4.9
9030                0.80     0.41      48.5       -     0.2    0.1
Surface workings
9044                1.15     0.27      82.9       -     2.2    0.3
9045-47             2.65     0.12      157.0     0.1    0.4    0.2
Tezcalama mine
6838*               0.10     0.35      1550.0    0.5    0.4    0.2
6840*               0.10     2.24      524.0     0.2    1.3    0.2
Rosario level
9116                2.20     0.09      88.1      0.1    0.1    0.2
9121                0.36     0.36      98.0      0.1    0.5    1.2
Vein 5
Surface workings
9031                0.80     0.83      581.0     0.2    5.3    0.5
9039-43             2.75     0.78      149.7      -     0.6    0.1
 including 9041-43  1.55     1.22      251.3      -     0.9    0.1
  including 9042    0.25     5.77      1450.0    0.2    4.2    0.2
7485-86*            1.05     0.52      1640.8    0.3    1.1    0.3
 including 7485*    0.20     1.73      8290.0    1.6    5.0    0.6
7487-89*            2.35     0.52      440.9     0.1    1.4    0.2
 including 7487*    0.20     2.78      3640.0    1.0    11.7   0.3
7490*               0.12     8.88      1030.0    0.3    8.6    1.8
Rosario Level
9103                1.55     0.27      37.1       -     0.1    0.0
9106 wall rock      5.00     0.78      257.0     0.1    0.8    0.1
9108                1.15     0.13      38.7       -     0.1    0.2
9113                1.20     0.71      109.0      -     0.1    0.1
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*Sample data previously released, included here for completeness.

Samples were prepared and analyzed by ALS Chemex in their facilities in Mexico and Vancouver, respectively. Samples generally consisted of 1-3 kg of material. Gold analyses were performed by 30 gram fire assay with an AA finish. Samples with anomalous silver values were re-analyzed using a 4 acid "total" digestion and AA.

Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101, for the Urique Project. Dr. Craig Gibson, PhD., Certified Professional Geologist, and Executive Vice President of Exploration, the authorized professional geologist for EXMIN Resources Inc. and the direct manager of all technical programs and information on the part of EXMIN has reviewed this news release.

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.

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.

600 - 890 West Pender St., Vancouver, B.C., V6C 1K4, Canada
Phone: 604-678-2531 - Fax: 604-678-2532

Contact Information

  • Contact:
    Ian Foreman, P.Geo.
    President
    604-678-2531