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New York, NY, United States, 03/25/2008 – Metals and Minerals Digest has published a review of Yale Resources Ltd. (TSX-V: YLL) (YRLLF.PK) (YAB.F) providing insight into the opportunity afforded investors. Yale Resources, with their recent affirming results and superb land portfolio, is about to attract a lot of attention from the resource market with planned diamond drilling this spring in the same area they recently assayed up to 8 kilos silver per tonne.
The full Review / Valuation Synopsis with chart may be seen in PDF format at sectornewswire.com
Excerpts: Yale Resources Ltd. is an advanced stage explorer with polymetallic systems in Mexico. Recently Yale announced discovery of a new mineralized zone at the El Rosario area of their Urique Project in Mexico in which sampling revealed high values; 8,290 g/t silver and 10.6 g/t gold in one vein and two veins with assays greater than 3,000 g/t silver along with half a dozen grading over 1,000 g/t silver. In a recent interview with resourcexinvestor, company president Ian Foreman P.Geo said “What we’ve identified there now is a target that’s over 400 m long and 100 m wide. We’re dealing with silicified andesites in which we see discrete veins coming up through it, you’ve got stringers, stockwork, and some of the sampling of the individual veins are yielding up to 8 kilos per tonne of silver. - We’re getting some shockingly high values”.
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 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 10 quality targets at the Urique Project and taken several to drill-ready stage (with plans to drill this spring). Each of these targets is related to large mineralized hydrothermal systems that have the potential to host bulk mineable resources. Numerous plus-one million ounce gold deposits have been discovered in this 300 km long region of southwestern Chihuahua.
Yale Resources also has other key projects in Mexico including their 100% owned La Verde Project which hosts eight 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 and currently has geologists in the field conducting ongoing geological mapping and sampling. La Verde has the potential to grow very quickly into a multi-million ton polymetallic deposit and Yale believes the potential exists for a multi-million tonne Ag-Au-Cu-Zn open-pit mine.
With numerous potential catalysts in the works, time to pay attention to the YLL.V is now; fewer than 35M shares outstanding and a market cap less than $7M.
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.
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