| |
NewswireTODAY - /newswire/ -
New York, NY, United States, 2008/02/25 - Sector Newswire Co. – Special valuation summary update on Yale Resources Ltd as current market cap under CDN$6M relative to its portfolio of highly prospective rapidly advancing projects appears due for upside adjustment (TSX VENTURE:YLL)(FRANKFURT:YAB).
|
| |
Mining MarketWatch Journal has published an updated review and Upside Valuation/Summary on Yale Resources Ltd. (TSX VENTURE:YLL)(FRANKFURT:YAB)(PINK SHEETS:YRLLF).
News this last week of Yale Resources Ltd. adding a significant piece of land to their La Verde Project is very significant as they now control several historic deposits that have great values, all together - all in one contiguous area, never before achieved and making what was once a handful of separate excellent historic deposits held by three separate entities now all under the control and stewardship of Yale. Samples (non NI 43-101) from the various historic workings on the newly acquired region, throughout this area, ranged from 0.28 to 5.45 % copper, 0.15 to 8.60 % zinc, 3.90 to 578.00 g/t silver and 0.1 to 11.1 g/t gold. These recent moves by Yale make the viability and reality of a major operation at La Verde much closer.
Yale Resources' president, Ian Foreman, P.Geo., stated the following regarding the acquisition; "This ground is a very important addition to the La Verde Project as there are several geological and structural trends that have been identified that cross the La Cobriza property." "Yale now has control over all of the significant known mineralization in the vicinity of the La Verde Grande Mine and we will be able to fully take advantage of having unencumbered access to test the multi-million tonne potential of the property."
Yale's La Verde Project is host to several known historical deposits that have seen limited production, including Yale's La Verde Grande Copper Mine which contains a historic resource deposit. La Verde will provide Yale investors with plenty upside investment potential in 2008 with a planed drill program and continued exploration.
Yale is diversified project wise and now has highly mineralized drill-ready targets on several fronts, including their Urique Project which 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.
Time to pay attention to shares of Yale Resources Ltd. is now as Yale is at the point where their current market cap of under CDN$6M relative to its portfolio of highly prospective rapidly advancing projects seems disproportionate. Considering recent developments and affirming exploration (geophysics & sampling) results, coupled with Yale's 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 share price/market cap as this young Mexico focused venture's story is more widely understood.
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.
|
editor[.]miningmarketwatch.net 
