PRZOOM - /newswire/ -
New York, NY, United States, 2008/02/05 - Mining Journal review indicates an exceptional risk-reward scenario exists in Yale Resources Ltd. (YLL.V) as this young Venture's story is more widely understood.
Mining MarketWatch Journal has published a review on Yale Resources Ltd. (TSX VENTURE:YLL) (FRANKFURT:YAB) (PINK SHEETS:YRLLF). The review offers insight and opportunity afforded investors as Yale focuses on its growing portfolio of highly prospective projects in Mexico. YLL now possesses well over 300 square kilometres of land in Mexico, including multiple historic mines, and there is current production within 10 km of each of their properties. Over the last year YLL has managed to accelerate exploration programs quickly and maximize shareholder value. They are now at a point where several of their projects appear to possess latent feral-like potential with numerous highly mineralized drill-ready targets part of an extensive program planned for 2008.
1) "Results from exploration continues to confirm management's beliefs and the risk-reward scenario is significantly enhanced for YLL as they execute on their strategy for growth. Undervalued and under the radar, the time to pay attention is now; with less than 32M shares outstanding (42M fully diluted) and currently trading at under CDN$0.18, the current market cap of YLL.V relative to its portfolio of highly prospective rapidly advancing projects seems disproportionate."
2) "The science of “nearology” resonates loudly on Yale’s Urique Project; The Urique Project is in close proximity to neighbouring large established resource laden gold and silver projects that share the same stratigraphy. ... Yale's Urique Project, in the highly prolific Sierra Madre Gold Belt, boarders the Goldcorp Inc. (NYSE:GG) (TSX:G) El Sauzal Mine (2.1M oz Au) to the south and the Kimber Resources Inc. (AMEX:KBX) Monterde Mine (0.8M oz Au, 45M Ag) to the north. Yale has identified 10 quality targets at the Urique Project and taken several to drill-ready stage. Each of these targets is related to large mineralized hydrothermal systems that have the potential to host bulk mineable resources. ... Yale's exploration of Urique has returned high grade gold and silver values with local values in excess of 1,500 g/t silver from dumps and veins. One of the new areas of mineralization discovered by Yale returned two 80 cm samples from a vein assaying 16.35 and 8.38 g/t gold..."
3) "Their 100% owned La Verde Project, located 1 hour drive from Hermosillo Mexico, contains the historic past producing La Verge Grande copper Mine where Yale's 2007 geological mapping and sampling program has shown the mines deposit is larger than historic data indicated. Yale acquired this project in 2007 at a cost of US $1.6M plus 2% NSR. The property has a historic resource estimate dating from 1989 (non NI 430101 compliant) of some 459,000 tonnes grading 2.59% copper, 98.54 grams per tonne silver and 0.38 grams per tonne of gold, all based on a deposit of 110 meters long, 34 meters deep and 18 meters wide. Yale's work program since acquiring La Verde has defined skarn mineralization over strike length of greater than 250 meters and has shown that mineralization is open in all directions. Yale's 2008 exploration program has a good probability of confirming what they already believe; that they are sitting on very large copper (with Ag-Zn-Au sweetener) mine. ... La Verde Grande is the largest of six known historical deposits that have seen limited production within Yale's La Verde Project. Yale has duplicated old assay results in various areas, currently has geologists in the field conducting ongoing geological mapping and sampling, and believes the potential exists for a multi-million tonne open-pit mine. The La Verde project has good infrastructure with paved roads and power grid practically at the doorstep."
4) "Yale Resources' modus operandi is to acquire or option projects that meet the Company's criterion and advance them to drill ready status as rapidly as possible. Generally, YLL looks for prospective projects that have 1) significant 'blue sky' potential, 2) previous production, 3) proximity to active mines or major projects and 4) good access and infrastructure. With a young, experienced, and qualified P. Geo heading the Company on such highly prospective claims and executing upon short term goals, YLL's long-term goals (of identifying significant resources such that they can ultimately have a production decision) will fall into place for the benefit of all stakeholders."