SOURCE: Yale Resources Ltd.

March 06, 2008 14:42 ET

Yale Finishes Trenching Program at Carol Property and Accelerates Property Payments

VANCOUVER, BC--(Marketwire - March 6, 2008) - Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to announce that it has completed a trenching program at the Carol Property, located in southern Sonora State, Mexico. Seventeen trenches, for a total of 1,325 m, were dug by hand. The goal of this program is to determine if the previously sampled mineralized zones with average grades greater than 1% copper and 1% zinc have the potential to host oxide copper-zinc +/- gold-silver skarn mineralization over greater widths.

The Carol property hosts two skarn zones: Balde South and Balde North. The Balde South measures approximately 1,100 metres long and 400 metres wide, while the Balde North, located 800 metres away, measures approximately 300 metres by 800 metres. 12 trenches were dug within three areas of the Carol South skarn target and 5 trenches were dug in the Carol North skarn target, which includes the La Escondida structure. All trenches were dug in an east to west direction. A total of 230 samples were taken covering approximately 460 metres of mineralization and alteration. Mapping of the trenches indicates that copper oxides occur in each trench over widths between 6 and 22 metres. In many instances deeper than expected overburden did not allow for the sampling of the underlying bedrock, hence several of the zones remain open. All samples have now been sent to ALS Chemex in Hermosillo and results will be reported when received.

As a result of this trenching program, management has accelerated and renegotiated the purchase agreement for the Carol property. The original deal required Yale to pay US $150,000 over three years (of which the Company had paid only $10,000). In order to accelerate the agreement, Yale has paid the owner US $70,000 and upon acceptance of the TSX Venture Exchange will issue 280,000 shares. These renegotiated terms will result in the transfer of 100% title of the Carol property to Yale's Mexican subsidiary Minera Alta Vista in the coming weeks.

The Carol property is approximately 4 km north of Frontera Copper Corp.'s (TSX: FCC) Piedras Verdes heap leach copper mine. The Piedras Verdes deposit is reported to have in excess of 200 million tonnes averaging .36% Cu with recent news announcing that increased ore reserves will add approximately two additional years to the mine life. Due to the proximity to Piedras Verdes, the Carol property has excellent infrastructure.

Ian Foreman, P.Geo, is the Qualified Person, according to National Instrument 43-101, for the Carol Property and is responsible for the technical data mentioned in this news release. Note: visual estimates of mineralization are only a guide and actual grades are still pending.

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.

News Release #08-10

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