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New York, NY, United States, 06/09/2008 – Mining MarketWatch Journal has published an updated review and Upside Valuation/Summary on Yale Resources Ltd. (TSX-V:YLL)(PINK SHEETS:YRLLF).
The Advisory/Update may be viewed free of charge at the following URL: miningmarketwatch.net/yll.htm online.
Yale Resources Ltd. released news this week of results from the first two drill holes of their 1,500m spring drill program at their Urique North project. The data reveals that mineralization occurs over significant widths and that the northern end of the system has the potential to host a bulk tonnage silver/gold target. More results are to follow in short order as made available from the independent lab.
Additionally, the May 2008 involvement of Macquarie Bank as an equity participant in Yale Resources is a large vote of confidence in Yale’s management/technical team and copper production potential. Macquarie Bank had indicated that their interest for involvement was in the La Verde copper project. Macquarie Bank is looking primarily at projects that they believe have a short road to production, they see La Verde as an opportunity to advance towards a production decision. Mining MarketWatch Journal believes the copper potential is phenomenal and that getting it to production would cash-flow Yale for future exploration and significantly increase the value to investors/shareholders.
An exceptional risk-reward scenario exists in Yale Resources Ltd. (YLL.V) as this young Mexico focused venture's story is more widely understood. Yale is focused on highly mineralized Copper-Gold-Silver-Zinc projects, including multiple historic mines with current production within 10 km of each of their properties. With less than 35M shares outstanding (~42M fully diluted) and currently trading at under CDN$0.25, the current market cap of YLL.V relative to its portfolio of highly prospective and advancing projects seems disproportionate.
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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