Yankee Hat announces drill results from Lobo Del Norte

Yankee Hat Minerals Ltd., a publicly held resource company which focuses on advanced stage projects and commodities that have strong underlying price fundamentals such as tungsten, rare earth elements, copper, and gold, announces assay results from the first four holes at its wholly owned Lobo Del Norte Copper Project located in southern Yukon.

The results include wide and high-grade intersections of copper, with 1.62% copper and 0.04% molybdenum over 41.77 meters (137.04 ft) in hole CP-144-2008, 1.12% Cu and 0.05% Mo over 20.12 meters (66.01 ft) in hole CP-143-2008, 2.31% Cu and 0.07% Mo over 8.66 meters (28.41 ft) in hole CP-142-2008, 3.85% Cu and 0.10% Mo over 7.87 meters (25.82 ft) and a separate zone of 8.37% Cu over 1.34 meters (4.40 ft) in hole CP-140-2008.

The Lobo Del Norte drilling program, completed recently consisted of 20 holes for more than 2,000 meters. The results of the remaining 16 drill holes are yet to be announced.

Brad Kitchen, President and CEO, said that Lobo Del Norte is a key project in Yankee Hat’s portfolio.

The historic copper deposits we are testing at the Lobo Del Norte are extremely attractive in terms of location and extractability, he said adding that they are near surface, high grade, and easily accessible from Yukon’s capital city, Whitehorse.

There is strong potential to expand the historic deposits at Lobo Del Norte and find new ones of similar style, concluded Mr. Kitchen.