PRZOOM - /newswire/ -
New York, NY, United States, 2008/02/12 - Precious Metals Review of Yale Resources as significant new gold-silver mineralization identified with sample averages of 10.6 g/t Au, 453 g/t Ag at Yale's Urique Project and with values of as much as 10.6 g/t gold and 8,290.0 g/t silver.
Precious Metals Review of Yale Resources Inc. (TSX-V: YLL) (YRLLF.PK) (YAB.F) provides insight into the opportunity afforded investors as Yale focuses on their highly mineralized Copper-Gold-Silver-Zinc projects in Mexico, including their multiple historic mines with current production within 10 km of each of these properties.
The full Precious Metals Review / Valuation Synopsis with chart may be seen online and expanded copy of a Yale Resources overview is available online.
Excerpts: “Yale’s February 6th news release “Yale samples 10.6 g/t Au, 453 g/t Ag at Urique - Significant New Gold-Silver Mineralization Identified” is indicative of the highly prospective nature of their Urique Project. Those numbers were the “average” of samples taken; sampling actually yielded significant values of as much as 10.6 g/t gold and 8,290.0 g/t (or 241.5 oz per ton) silver from 10-40 centimetre wide veins."
"Yale Resources Ltd. is a gold, silver, & copper exploration mining company listed on the TSX Venture Exchange (ticker symbol YLL), Frankfurt Exchange (symbol YAB), US Traded (symbol YRLLF). Yale is focused on highly mineralized Copper-Gold-Silver-Zinc projects in Mexico, including their multiple historic mines with current production within 10 km of each of these properties. 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."
"Yale Resources is a highly talented and dynamic mining company that, with Mr. Ian Foreman, P.Geo, Yale's President, at the helm, over the last year has managed to accelerate exploration programs quickly with significant results and maximize shareholder value."
"The aforementioned Urique Project is in close proximity to neighbouring large established resource laden gold and silver projects that share the same stratigraphy and located in the highly prolific Sierra Madre Gold Belt, bordering Goldcorp's El Sauzal Mine (2.1M oz Au) to the south and Kimber Resources' Monterde Mine (0.8M oz Au, 45M Ag) to the north. Yale has identified numerous 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 Resoures’ plans are now to begin drilling at it's established targets and do follow up sampling of the new mineralized targets to take them to drill ready stage. Numerous plus-one million ounce gold deposits have been discovered in this 300 km long region of southwestern Chihuahua: including Mulatos (Alamos Gold), Dolores (Minefinders), Ocampo (Gammon Lake), as well as the El Sauzal mine (Glamis Gold, now part of Goldcorp Inc.)."
"Yale Resources also has other key projects in Mexico including their 100% owned La Verde Project which hosts six known historical deposits that have seen limited production. The largest is Yale’s La Verde Grande Mine site where Yale's 2007 geological mapping and sampling program has shown the mines deposit is larger than historic data indicated. Yale has duplicated old assay results with great success in various areas of La Verde, currently has geologists in the field conducting ongoing geological mapping and sampling, and believes the potential exists for a multi-million tonne Ag-Au-Cu-Zn open-pit mine."
"Under the Radar & Undervalued; Considering the quality management team and highly prospective nature of their Mexico properties, it is not unreasonable to expect YLL.V to experience a significant increase in market cap as this young venture's story is more widely understood..."