SOURCE: Yale Resources Ltd.

April 10, 2006 16:48 ET

Gold Anomalies Identified in Bedrock at Makuru

VANCOUVER, BC -- (MARKET WIRE) -- April 10, 2006 --Yale Resources Ltd. (TSX-V: YLL) and (Frankfurt: YAB) is pleased to announce that the Company has received the results from the recently completed rotary air blast (RAB) drill program at the Makuru property located in Namibia, southwest Africa.

The 263-hole RAB program was designed to test the interface between overburden and bedrock to a maximum depth of one metre. Drilling confirmed the presence of gold and associated anomalous pathfinder elements within a 4.5 km by 2.5 km area. Anomalous gold values (17 samples) range from 10 to 562 ppb Au (or 0.56 g/t). These gold anomalies are locally associated with copper, silver, and additional pathfinder elements. Furthermore, the anomalies coincide with three target areas.

The first is a northeast trending 3 km long IP (chargeability) anomaly that is coincident with a 4.0 by 1.5 km magnetic feature. The line of RAB holes through the centre of this area returned 8 consecutive anomalous gold samples and represents a target over 175 metres in width. However the anomalous copper and silver samples cover almost the entire 700 metre width of the chargeability feature.

This spatial relationship with the large geophysical anomaly is important. Initial geophysics shows that this anomaly may lie as deep as 75 metres. As silver and copper tend to be more mobile they may be a better reflection of mineralization at depth.

The second target area is immediately to the northeast of the IP target and represents a crosscutting structure. Samples through this area tend to be more anomalous in copper and silver and indicate a zone that is up to 400 metres wide. A third, new, target -- located approximately 2.5 km to the northwest of the first -- has over 400 metres of consecutive samples that are anomalous in copper and silver along with local gold and pathfinder elements.

"The RAB program was a useful and cost-effective method to confirm the presence of extensive anomalies at Makuru. These results, combined with the initial geochemical sampling, the coincident geophysical anomalies, and favourable rock types identified within the target area point to the potential existence of gold targets similar to the neighbouring Vredelus property, which is currently being drilled by Teck Cominco," stated Company president Ian Foreman.

To earn a 75 % interest in the Makuru license, Yale must spend CDN $1.8 million and issue 775,000 shares to Helio Resource Corp. (TSX-V: HRC) over four years. All samples were sent to ALS Chemex Labs in Johannesburg. Chris MacKenzie, M.Sc., C.Geol., Helio's Executive Chairman and a Qualified Person as designated by NI 43-101, supervised the sampling and quality control programs at Makuru and has reviewed the technical content of this news release.

On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.
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.

Contact Information

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