VANCOUVER, British Columbia - November 8, 2011 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) (Pink Sheets: YRLLF.pk) is pleased to report that drilling has started at the 2,391 hectares (23.91 square km) Dos Naciones property located approximately 160 km northeast of Hermosillo in the heart of the Sonoran porphyry district. The work is being done on behalf of optionee Del Toro Silver Corp. (OTCBB � DTOR).
The first two planned holes are being drilled in the La Espanola skarn target where previous sampling by Yale returned the following (see news release dated Oct. 29, 2008):
The third hole is targeted on the Dos Naciones skarn zone, located approximately 3.25 km southwest of La Espanola. This is another zone with multiple historic workings and previous sampling by Yale (see news release dated Oct. 29, 2008) returned the following results:
The fourth drill hole is planned to test a set of silver-lead veins, located 300 metres to the east of the Dos Naciones skarn, that are seen in various exposures over an area of approximately 100 metres by 50 metres. There are numerous historic mines on at least two levels that have collapsed over time. Two samples were taken from the mineralized dumps at the mouths of these workings (see news release dated Feb. 10, 2009) returned:
- 256.0 g/t silver and 4.45 % lead, and
- 182.0 g/t silver and 3.29 % lead as well as 0.61 g/t gold.
About Yale Resources:
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has nine projects in its portfolio of which five are optioned out with commitments totalling approximately $1.3 M in expenditures during the next 12 months. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects.
Ian Foreman, P.Geo, is the Qualified Person, according to National Instrument 43-101, for the Dos Naciones 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 and base metals 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, P.Geo.
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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.
Yale Resources Ltd.