New York, NY (PRWEB) March 10, 2008
Mining MarketWatch Journal has published an updated review and Upside Valuation/Summary on Yale Resources Ltd. (TSX-V: YLL) (YRLLF.PK) (YAB.F).
The Advisory/Update may be viewed free of charge at the following URL: http://www.miningmarketwatch.net/yll.htm
Time to pay attention to shares of Yale Resources Ltd. (TSX VENTURE: YLL) is now as Yale is at the point where their current market cap of under CDN$8M 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.
Yale secures control and stewardship of entire La Verde project; maximizing future upside of highly prospective Copper-Gold-Silver-Zinc mine potential:
Yale now controls 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 companies 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. The Feb 28/08 geophysics news affirms the belief that the historic deposit is much larger.
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 eight known historical deposits that have seen limited production, including Yale's La Verde Grande Copper Mine which contains a historic resource deposit (see below for overview). La Verde will provide Yale investors with plenty upside investment potential in 2008 with a planed drill program and continued exploration.
Yale also has a valuable copper-gold project in a prime location with great infrastructure at their Carol property to the south of La Verde. The Carol Project is approximately 4 km north of Frontera Copper Corp.'s Piedras Verdes heap leach copper mine. The Piedras Verdes deposit is reported to have in excess of 200 million tonnes averaging .36% Cu with recent news announcing that increased ore reserves will add approximately two additional years to the mine life. Due to the proximity to Piedras Verdes, the Carol property has excellent infrastructure. Yale has completed a trenching Program at the Carol Property. The goal of the Carol trenching program is to determine if the previously sampled mineralized zones with average grades greater than 1% copper and 1% zinc have the potential to host oxide copper-zinc +/- gold-silver skarn mineralization over greater widths. Mapping of the trenches indicates that copper oxides occur in each trench over widths between 6 and 22 metres. Sample results will be available within weeks.
Yale 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 Uriue 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.
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