October 31, 2008
Yale Samples 14.2m Grading 2.14 % Cu, 151.8 G/T Ag and 0.96 % Zn Above La Verde Grande Mine
Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to announce that the La Verde Grande Deposit has now been traced on surface for over 200 metres of its strike length -- double what was previously known. The mineralized skarn exposed by trenching is covered by a thin layer of overburden and numerous waste dumps created by the historic mining activity.
Following up from the 70 metres of 1.70 % copper, 133.9 g/t silver, and 2.32 % zinc exposed in the La Verde Grande South working (see news release dated Sept. 17, 2008), this trenching program was designed to test if the eastern half of the deposit came to surface. The success of this trenching program shows that the deposit does come to surface and confirms that the La Verde Grande deposit is at least 60 metres wide.
Trenches 1 to 3 are located within an open cut above the main entrance to the mine -- exposing the uppermost portion of the deposit. Best results are from trench 1, which returned 2.14 % copper, 151.8 g/t silver and 0.96 % zinc over 14.2 metres.
Trench 10, which returned 37.0 m grading 0.75 % copper is located to the south of the southern-most underground working, thus extending the strike length of the La Verde Grande deposit, which remains open along strike in both directions.
Below are the significant values from each trench. The location of each trench has been measured from the main entrance of the La Verde Grande Mine.
-***- Location (+ 20 m = metres from Length main entrance of mine) (m) Cu (%) Ag (g/t) Zn (%) Trench 1 (+ 27 m) 14.2 2.14 151.8 0.96 Trench 2 (+ 35 m) 12.0 1.33 14.5 0.48 Trench 3 (+ 42 m) 6.0 2.15 69.6 1.16 Trench 4 (+ 52 m) 6.0 0.03 3.6 1.77 Trench 5 (+ 65 m) 24.0 0.34 5.1 0.96 including: 14.0 0.30 5.3 1.58 Trench 6 (+ 78 m) 21.5 0.50 7.5 1.21 including: 6.7 0.83 14.1 2.27 Trench 7 (+ 94 m) 21.5 0.62 11.3 2.05 including: 8.5 1.08 20.7 2.33 Trench 8 (+ 102 m) 12.0 0.40 2.4 1.30 Trench 9 (+120 m) 4.0 0.49 4.5 2.88 and: 8.0 0.31 6.5 0.02 Trench 10 (+ 150 m) 37.0 0.75 10.5 0.08 including: 10.0 1.21 17.8 0.02 -****-
Having approximately 200 metres of the deposit exposed on surface is a significant development for the project as this would dramatically reduce the strip ratio for a potential open pit operation.
"To date we have succeeded in expanding the size of the La Verde Grande deposit by diligent, cost effective exploration," stated Ian Foreman, P.Geo., president of Yale. "We continue to receive excellent results from our ongoing exploration work and the deposit keeps growing in size."
As part of the ongoing work program at La Verde Grande, completed work includes detailed underground mapping as well as measuring and sampling of the waste dumps. Recent work completed elsewhere within the La Verde property included trenching, sampling and detailed mapping of the La Tescalama target, trenching and sampling of the La Estructura Julio Target, and prospecting between the seven known targets.
Ian Foreman, P.Geo, is the Qualified Person, according to National Instrument 43-101, for the La Verde 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 100 g/t silver, 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.
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SOURCE: Yale Resources Ltd.