Posted in | News | Iron Ore | Mining Business

Yale Resources Purchases Apache Property in Mexico

Dec 14 2010

Yale Resources Ltd. (TSX VENTURE:YLL) (FWB:YAB) has announced the acquisition of a 100% interest in the 400 hectare Apache Property, located approximately 150 kilometres north of Hermosillo, Sonora State, Mexico.

The property is approximately 25 km west of Benjamin Hill and 30 km from Timmins Gold's San Francisco Mine.

The core mineralized zone at Apache is defined by multiple historic workings centred on southwest trending veins and veinlets surrounded by a large zone with strong iron oxide staining. The veins are hosted in strongly altered metasediments.

Yale has agreed to purchase a 100% interest with no royalties in the Apache Property by paying $250,000 payable as 2.5 million shares - subject to TSX Venture approval - to a private individual.

The Apache Property is Yale's ninth project in Mexico and as part of the Company's Project Generator business model will be added to our portfolio of projects available for option.

Source:

Yale Resources Ltd.

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