Yale Options Out the Los Amoles Silver Property
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to
report that it has signed a Letter of Intent with Nature′s Call Brands
Inc. (OTCBB ? NATC) for the option to earn a 70 % interest in Yale′s
wholly owned Los Amoles Property located in Sonora State, Mexico.
To earn a 70 % interest Nature′s Call will be required to pay Yale US $
50,000, spend US $ 900,000 on exploration expenditures and issue
1,000,000 shares to Yale over three years. The exploration expenditures
required in the first year is $200,000 with $100,000 being a firm
commitment. Yale has received $25,000 upon signing of the LOI.
Yale will be the operator for the project during the length of the
agreement.
'We are pleased that Yale will have continued exposure to the
strengthening silver market through programs funded by our partners at
the Los Amoles project and at Guadalupe, where we are currently
drilling,? stated Ian Foreman, president of Yale.
About the Los Amoles Property:
The early stage wholly owned 16.3 square kilometre Los Amoles Property
is located approximately 150 kilometres northeast of the Hermosillo,
Sonora State, Mexico. The property is 10 kilometres northeast of the
producing La Caridad Mine, operated by Grupo Mexico, which is one of the
largest mining and processing complexes in Mexico.
Reconnaissance style sampling has initially concentrated on the 1.0 by
2.5 kilometre Rosario target area. Yale has confirmed the high grade
potential for the project with highlight samples grading: 0.52 g/t gold
and 333.4 g/t silver over 0.9 m, 0.56 g/t gold and 231.6 g/t silver over
1.0 m, 0.22 g/t gold and 327.3 g/t silver over 0.5 m, and 0.4 g/t gold
and 768.8 g/t silver over 0.3 m (see news releases dated April 15 and
May 27, 2010).
About Yale Resources:
Yale Resources is an exploration and development company concentrating
in northwestern Mexico. Utilizing the joint venture business model, Yale
is able to maximize its exposure to discovery while minimizing
exploration risk. At the same time Yale continues to work on its
non-optioned properties as well as reviewing new projects.
Samples from Los Amoles were prepared and analyzed by IPL Inspectorate
in their facilities in Mexico and Vancouver, respectively. Samples
generally consisted of 1-3 kg of material. Gold and silver analyses were
performed by 30 gram fire assay with an AA finish. Samples with greater
than 100 g/t silver were re-assayed using gravimetric methods.
Ian Foreman, P.Geo., is Yale Resources′ Qualified Person, as defined by
National Instrument 43-101. The Los Amoles property is an early stage
project that requires additional sampling and geological mapping to
fully determine the project′s potential.
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
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
Mr. Cary Martin, 04-678-2531 ext. 223