SOURCE: Yale Resources Ltd.

March 27, 2008 10:26 ET

Yale Announces That Geophysics Confirms Depth Potential for Drill Targets at Urique North

VANCOUVER, BC--(Marketwire - March 27, 2008) - Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to announce that a recently completed 13.35 km IP geophysical survey within the Cerro Colorado and San Pedro targets of the Urique Project indicates that the mineralization and alteration identified on surface may extend to depths greater than 100 metres. The Cerro Colorado and San Pedro target areas are now ready for drilling.

The geophysics program included 5.4 line km within the Cerro Colorado target and 4.75 line km within the San Pedro target area. In each area, geophysical anomalies coincide with mineralized structures and veins and in many cases even the dip of the anomalies are similar with those measured on surface.

The Urique Project is 290 square kilometres in size. It is located within the prolific Sierra Madre gold belt and adjoins Goldcorp's El Sauzal gold mine to the south and Kimber Resources' Monterde Property to the north. Yale has the right to earn a 75% interest in the Urique Project from EXMIN Resources Inc. (TSX-V: EXM).

Cerro Colorado:

The Cerro Colorado target consists of a 2 to 9 metre wide structurally controlled breccia more then 2.5 km in length with two sets of historic workings (El Vergel and Mina Guadalupe) that occur in river drainages located approximately 1.5 km apart.

Grades of 2.23 g/t gold and 150.0 g/t silver over 3.0 m from the El Vergel zone and 5.46 g/t gold and 36.0 g/t silver over 9.1 m from the Mina Guadalupe zone have been encountered (see news release dated February 15, 2007).

Figures showing the geophysical profiles from the Cerro Colorado target area are available on the Company's website at:

San Pedro:

The San Pedro target area surrounds the historic Sangre de Cristo gold-silver mine (owned by a third party) where fieldwork has identified several small mines and prospects developed on quartz veins. Assays from these showings range from 6.6 to 35.0 g/t gold and 61.0 to 401.0 g/t silver over 0.3 to 1.1 metre vein widths (see news release dated May 17, 2006). In addition three principal sets of gold-silver veins have been discovered with several of the narrow vein systems having yielded high-grade precious metals assays with highlights of 137.5 g/t gold and 133.0 g/t silver over 0.25 metres. Sampling of widespread alteration coincident with the intersections of north-south and northeast vein sets suggests that there may be potential for bulk mineable mineralization in the target area as trenching has uncovered mineralization grading 0.33 g/t gold and 7.6 g/t silver over 21.65 metres.

Dr. Craig Gibson, PhD., Certified Professional Geologist, and Executive Vice President of Exploration, for EXMIN Resources Inc. is the direct manager of all technical programs and information on the part of EXMIN and has reviewed the technical information in this news release. 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.

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

  • For additional information on Yale Resources:

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