SOURCE: Yale Resources Ltd.

July 10, 2008 10:24 ET

Yale Samples 24 M Grading 1.20 % Cu and 2.24 % Zn at Carol Property

VANCOUVER, BC--(Marketwire - July 10, 2008) - Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to announce that trenching has delineated multiple wide zones of copper, zinc gold/silver at the wholly owned Carol Property, located in southern Sonora State, Mexico. This program has shown the property to contain multiple targets with average grades greater than 1% copper and 1% zinc.

Highlights from the trenching program are:

--  24.0 m grading 1.20 % Cu and 2.24 % Zn
--  10.0 m grading 2.19 % Cu, 1.07 % Zn, 18.26 g/t Ag and 0.91 g/t Au
--  22.0 m grading 1.15 % Cu, 0.61 % Zn, and 28.57 g/t Ag
--  22.0 m grading 0.54 % Cu and 4.45 % Zn
--  16.5 m grading 1.10 % Cu and 2.45 % Zn
    

Each of the seventeen trenches revealed continuously mineralized intervals over widths between 4 and 48 metres. Of the 232 samples taken 185 were taken within skarn with each sample being two metres in length. Within the trenches there were many high grade sections. The highest copper assay received was 7.67 % and 38 samples returned greater than 1% copper. The highest zinc assay received was 15.30 % and 62 samples returned greater than 1% zinc. The highest gold assay received was 2.24 g/t (La Escondida) and 30 samples returned greater than 0.3 g/t gold.

Detailed maps of the trenching program are available at http://www.yaleresources.com/s/Carol.asp

In several locations deeper than expected overburden did not allow for the sampling of the underlying bedrock as the trenches were dug by hand, hence several of the zones remain open in at least one direction. This is significant in that there is the potential, with additional trenching, to show mineralization over much wider 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. Within the Balde North area a small working (La Escondida) was dug crosscutting a mineralized structure. Averages from all sampling are shown in the table below.

              width        Average
                     Cu   Zn     Ag    Au          Comments
               (m)   (%)  (%)  (g/t) (g/t)
Blade South
BS - 1        22.0  0.54  4.45  6.69  0.14  Open to the west and east
  including    8.0  1.21  2.19  7.45  0.19
BS - 2        16.5  1.10  2.45  8.42  0.11      Open to the east
BS - 3         8.0  1.44  0.42  5.98  0.11
BS - 4         8.0  0.87  5.97 37.00  0.11
  including    4.0  1.67 11.56 68.25  0.21
BS - 5         4.0  0.65  0.02  6.40  0.23      Open to the west
BS - 6         6.0  1.36  7.49 13.20  0.49  Open to the west and east
BS - 7        12.0  0.95  0.02  5.45  0.27
BS - 8        48.0  0.86  0.37 16.57  0.09      Open to the east
  including    4.0  3.04  0.75 12.20  0.30
and including 22.0  1.15  0.61 28.57  0.05      Open to the east
BS - 9        24.0  1.20  2.24  8.07  0.18  Open to the west and east
          and  4.0  1.56  1.09  4.70  0.15  Open to the west and east
          and  6.0  0.32  0.63  3.40  0.10  Open to the west and east
          and  4.0  0.25  0.63 10.25  0.02  Open to the west and east
BS - 10       13.0  0.05  0.65  2.81  0.02  Open to the west and east
          and 18.0  0.12  2.01 17.16  0.05  Open to the west and east
          and  6.0  0.02  4.85 22.97  0.05  Open to the west and east
          and  6.0  0.08  1.39 23.27  0.03  Open to the west and east
BS - 11        4.0  0.28  0.80 17.25  0.15  Open to the west and east
          and 14.0  0.24  0.75 10.31  0.18  Open to the west and east
BS - 12        2.0  0.00  0.02   1.5  1.41  Open to the west and east
          and 20.0  0.56  0.05  3.32  0.66  Open to the west and east
          and  6.0  0.16  0.02  2.77  0.43  Open to the west and east
Blade North
BN - 1        10.0  0.59  0.87  2.72  0.10  Open to the west and east
          and 10.0  0.35  1.40  3.84  0.12      Open to the west
BN - 2        16.0  0.19  1.45  3.54  0.04      Open to the east
          and  2.0  1.86  3.50 16.2   0.154 Open to the west and east
BN - 3         6.0  0.42  0.20  4.20  0.19      Open to the west
BN - 4         4.0  0.64  0.53  4.80  0.15      Open to the west
BN - 5         6.0  1.51  2.00  9.03  0.18  Open to the west and east

La
Escondida     10.0  2.19  1.07 18.26  0.91  

The Carol property is approximately 4 km north of Frontera Copper Corp.'s (TSX-V: 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.

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. All of the samples mentioned in this release were prepared and analyzed by ALS Chemex at their labs in Hermosillo and Vancouver and generally consisted of 2-4 kg of material. Gold analyses were performed by 30 gram fire assay with an AA finish. Silver, copper and zinc were analyzed as part of a multi-element ICP package using an aqua regia digestion; samples with more than 1% copper and/or 1% zinc (over limit) were re-analyzed using ALS Chemex's 'ore grade' detection limits.

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.

News Release #08-23

Contact Information

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