New York, NY (PRWEB) September 2, 2008
Precious Metals Review of Yale Resources Ltd. provides insight into the opportunity afforded investors as Yale Positions itself to concentrate on copper mine potential at La Verde and Gold - Silver Prospects at Urique.
The full Precious Metals Review with chart may be viewed free of charge at the following URL: http://sectornewswire.com/yllpmr0808.pdf online.
Yale Resources Ltd. is a development and exploration mining company listed on the TSX Venture Exchange (ticker symbol YLL)(US listing: YRLLF). Yale possesses well over 300 square kilometres of land in Mexico, including their multiple historic mines with current production within 10 km of each of these properties.
On August 21, 2008 Yale Resources reported the divestiture of its Zacatecas Property in order to concentrate on near term copper mine potential at its 100% owned La Verde Project and high grade gold-silver potential at its Urique Project - both projects easily serviceable from its nearby Hermosillo exploration office headquarters.
Yale sold its 65% interest in the San Sabino property to Apex Silver Mines Limited (AMEX-SIL) and has optioned its 65% interest in the Mina San Jose, Zacatecas, and Salvador properties to Enviro Energy Capital Corp. (GEC.P-V). The divestiture of Zacatecas frees up Yale to make a focused effort in Sonora State and surrounding area.
La Verde Copper Mine Potential: Following a site visit earlier this year, Macquarie Bank has become an equity participant in Yale Resources, and along with Anglo Pacfic Group PLC, these two institutions demonstrate a huge 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 and they see La Verde as an opportunity to advance towards a production decision. The copper potential is phenomenal and that getting it to production would cash-flow Yale for future exploration, significantly increasing the value to investors/shareholders.
The La Verde Project is host to six known historical deposits of copper, silver, zinc and gold that have seen limited production. The largest is Yale's La Verde Grande Mine site where YLL.V's 2007 geological mapping and sampling program has shown the deposit to be larger than historic data indicated. Conceivably the large historical (non NI43-101) copper resource deposits may be brought current, expanded on and brought to near term open-pit production status. In June 2008 Yale Sampled 13.3 Vertical Metres of 1.04 % Cu, 36.9 g/t Ag, and 0.61 % Zn within the La Verde Grande Mine and work is currently on to complete a resource estimate.
Valuation Commentary: 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 44M shares outstanding (~61M fully diluted) and currently trading at under CDN$0.20, the current market cap of YLL.V relative to its portfolio of highly prospective and advancing projects seems disproportionate.
Yale released high grade assay results this August, with one sample approaching 1 per cent silver, from the El Rosario location at their Urique project; highlights include 1,640 g/t silver over 1.05 m, 441 g/t silver over 2.35 m, 8.8 g/t gold over 0.85 m, and 257 g/t silver and 0.78 g/t gold over five metres (within the host rocks). The results also show the potential for development of a bulk tonnage resource. Combine this with the results from a recent 1,700m drill program on their Urique North gold-silver project where the results have shown the potential for significant silver/gold grades. The inherit value of the Urique project alone as a take-out target would likely be several times the current market cap of YLL.V, and that does not include Yale's La Verde copper/gold mine project and carol property. Yale Resources Ltd presents an exceptional risk reward scenario for investors.