Yankee Hat Minerals Ltd.
TSX VENTURE : KHT

Yankee Hat Minerals Ltd.

December 06, 2006 14:18 ET

Yankee Hat Increases Union Project Lands by 55%

Comprehesive Exploration Program to Begin in 2007

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 6, 2006) - Yankee Hat Minerals Ltd. (the "Company") (TSX VENTURE:KHT) is pleased to announce the acquisition, by staking, of an additional 900 hectares of high mineral potential land surrounding the existing 1650 hectares it already controls at the Union Project, British Columbia, bringing the total of the land area to 2,550 hectares.

Regarding the property expansion, Terry R. Fields, President, said: "The Union property was acquired in September and the early assessment work has been positive. As a result of this early success, we have worked quickly and diligently to expand our land position. We are continuing to review all the available data sets and will begin a comprehensive exploration program in the spring of 2007."

The Union Project is located in the historic Franklin Mining Camp, approximately 55 kilometres north of Grand Forks, B.C. The property includes a past-producing gold-silver mine, the Union Mine, from which a total of 122,555 tonnes was historically mined, returning an average grade of 14.1 g/t Au and 353.4 g/t Ag. (Note: these figures are taken from historical information and do not conform with NI 43-101 standards)

A considerable amount of previous exploration has been done on the property and eight zones of mineralization are known. With the large area covered by the Union property there is excellent potential to discover additional high grade zones of mineralization along strike with the Union Mine.

An updated Union project claim map is available for download at: http://www.yankeehatminerals.com/.

About Yankee Hat Minerals Ltd.

Yankee Hat Minerals is actively exploring the Fran Property, a gold/base metals target near the Mt. Milligan deposit in central British Columbia and the Union Mine Property in the Greenwood Mining Division near Grand Forks, British Columbia.

ON BEHALF OF THE BOARD

Terry R. Fields, President and Director

This news release has been prepared by management. This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or achievements implied by these forward looking statements. We seek safe harbor.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Yankee Hat Minerals Ltd.
    Donald Gee
    (604) 618-3433
    (604) 646-0640 (FAX)
    or
    Yankee Hat Minerals Ltd.
    Shareholder Communications
    1-877-711-6111 or 1-866-345-0115
    Website: www.yankeehatminerals.com