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NewswireToday - /newswire/ -
New York, NY, United States, 03/18/2008 - Analyst initiates coverage on Yale Resources Resources Ltd. (TSX-V: YLL) (YRLLF.PK) (YAB.F) with bullish opinion. Yale releases affirming results on copper-gold and silver prospects.
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Pilot Point Partners initiates coverage on Yale Resources Ltd. (TSX-V: YLL) (YRLLF.PK) (YAB.F) following analyst tour.
The full Analyst report may be viewed online.
Conclusions of March 2008 Analyst report: Yale Resources represents a unique opportunity to invest in a well managed junior exploration company with a very low market capitalization. The market is currently valuing Yale at less than $7MM. They have active development programs on four different projects and are building an excellent corporate infrastructure in Mexico. Yale has made significant progress even though they have been operating in Mexico for just over one year. They have strong operating partners in their optioned projects. Their business model is evolving from that of a joint venture partner to a quality project generator. Both of their 100% owned properties, La Verde and Carol, are near the necessary infrastructure for project development. They are taking an aggressive approach to their exploration at La Verde that involves using early geophysical testing to help identify initial drill targets and define the mineralization. La Verde has the potential to grow very quickly into a multi-million ton polymetallic deposit. All their projects are being advanced in 2008. Yale should continue to have a constant news flow for the market to evaluate.
Area that is host to 8 Kilos Silver per Tonne is toured by the qualified analyst; The Urique Project has yielded samples averaging 10.6 g/t Au, 453 g/t Ag with significant values of as much as 10.6 g/t gold and 8,290.0 g/t (or 241.5 ounces per ton) silver from 10-40 centimetre wide veins. Sampling within the altered andesite at Urique has yielded gold and silver values of as much as 0.2 to 0.3 g/t gold and 5.0 to 41.0 g/t silver suggesting that the El Rosario area has the potential to host a bulk tonnage open pittable resource. The Urique Project is 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.
Addendum information: Conclusions of the Analyst's report were drawn prior to affirming news by Yale Resources on March 13, 2008 on the completion of preliminary metallurgical studies at La Verde Grande that show recoveries of 84.3% for copper and 76.5% for zinc are obtainable. Gold and silver recovery results are to follow.
Yale is awaiting recommendations for further studies at La Verde Grande to determine optimal parameters for heap leaching while also examining the economic viability of conventional milling and processing as an alternate processing route.
"This is a critical step in advancing the La Verde Grande deposit towards feasibility as the combination of favourable preliminary metallurgy and high grades encountered to date together with record metal prices suggests that there is the real potential to define an ore body within the La Verde Project," stated Ian Foreman, P.Geo., President of Yale Resources.
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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