SOURCE: Yale Resources Ltd.

September 24, 2007 13:38 ET

Yale Completes Sampling at La Verde Grande Cu-Zn-Ag-Au Mine

VANCOUVER, BC--(Marketwire - September 24, 2007) - Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to provide an update on the sampling program underway at the wholly owned La Verde Project, located 45 km northwest of Hermosillo, Sonora State, Mexico. The first area to be sampled was the La Verde Grade copper-zinc-silver-gold mine. The exploration program has now moved to the other five known prospects.

The La Verde Grande mine has three principle levels -- two of which are approximately 100 metres in length -- and recent field work has identified two additional levels vertically higher, which indicate that there is the potential for additional resources to be defined both up and down dip. The northeast extension of the mine, located 30 metres to the north, has additional workings that continue for another 30 metres along strike. The northeast extension has a second level of workings, located 23 metres below, which have visual mineralization. These were not sampled in previous exploration campaigns but have been sampled by Yale personnel. A three-week rehabilitation program was required before sampling could begin.

A total 175 samples have been taken and all samples have been submitted to ALS Chemex labs in Hermosillo. Samples were taken every 5 metres as vertical chip channel samples along the walls of the workings. Photos from this sampling program are now posted on the Company's website at:

This sampling program also included initial samples from six small historic (exploratory?) workings that are all within a radius of 150 metres of the La Verde Grande Mine. In each working skarn mineralization with visible copper mineralization was encountered.

"These workings were unknown at the time Yale decided to purchase the property and greatly add to the exploration potential of the project," stated Ian Foreman, P.Geo., president of Yale.

Ongoing work at La Verde:

The technical team and sampling crews will now be moving to the El Picacho prospect, located 900 metres along strike from the La Verde Grande Mine, where work in the early 1900s exposed a breccia with strong copper oxide staining over a 15 metre width.

Trails leading up to the La Tescalama prospect are being cleared so that the crews will have access. The La Tescalama prospect saw significant historical development as the principal working extends in at least 40 metres and exposed strongly copper mineralized skarn throughout.

About the La Verde Project:

The La Verde Project covers 2,640 hectares (26.4 square kilometres) and is located 45 km northwest of Hermosillo, Sonora State, Mexico. In addition to the historic La Verde Grande copper-zinc-silver-gold mine, the La Verde Project contains at least five other known deposits that have all seen limited production. The La Verde Grande copper-zinc-silver-gold mine is a skarn deposit with a pre NI 43-101 historic resource of 459,551 tonnes grading 2.29 % copper, 98.54 g/t silver and 0.38 g/t gold. In addition to the possible extensions to the La Verde Grande mine, the La Verde Project has considerable exploration potential.

The La Sierrita copper-zinc-molybdenum porphyry, located in the northeast of the project area, covers an area of approximately four square kilometres and has seen only limited exploration.

Ian Foreman, P.Geo, is the Qualified Person, according to National Instrument 43-101, for the La Verde Project and is responsible for the technical data mentioned in this news release. All 'Historic Data' is presented for reference only and should not be relied upon as it pre-dates NI 43-101.

On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.

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.

News Release #07-23

Contact Information

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