RE: Stock price moveThis new perhaps:
News Release - August 21, 2009 04:34 PM ET
Yale Resources Ltd. Orofino Gold/Silver Project the Subject of Precious Metals Review
NEW YORK, NY, August 21, 2009 /Sector Newswire/ - Precious Metals Review of Yale Resources Ltd. (TSX-V: YLL) provides insight into the opportunity afforded investors as Yale advances their Orofino Gold/silver Project in Sonora Mexico. YLL.V now possesses three projects of significance in Sonora Mexico and presents an exceptional risk-reward scenario.
The full Precious Metals Review with charts may be seen at...
https://www.preciousmetalsreview.com/pmrYLLaug09.pdf
Excerpts:
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"Valuation Commentary: With ~44M shares issued & trading under CDN$0.10, the potential for substantial upside share price revaluation seems likely.
Yale Resources Ltd. (TSX-V: YLL) listed on the TSX Venture Exchange, is an exploration and development mining company headed by a talented geologist Ian Foreman, P.Geo. Yale has control of well over 300 square kilometres of land in Mexico, including multiple historic mines and there is current production within 10 km of several of these properties. In light of the recent news regarding Yale’s acquisition of the Orofino property in Sonora and the fact there is now activity on the property, it is time to take a look at the significance of what shareholders now own within Yale Resources as the current market cap relative to inherit value is disproportionate.
The Orofino property itself holds the potential to be a company maker – the third in the Company’s control. At over 77 square kilometres of land there are multiple targets – many of which have seen previous limited historical production as small open pits. One area was worked for high grade gold in the past as there are reports of approximately 60,000 tonnes of mineralized material being heap leached with an average grade running 7.0 g/t gold. This gives a clear indication of the potential of the project area.
In today’s ‘internet age’ it is amazing as to how much data is available to those determined enough to find it. Precious Metals Review was able to find detailed information from the Orofino Project. It appears that the previous owners of the project became distracted with other projects and never properly explored the Orofino area before collapsing.
Prior drilling by the likes of Teck along the +2km long Creston Fault Zone encountered gold up to 1.0 g/t over zones interesting widths. Other significant intercepts attributed to Teck include 7.6 metres grading 2.54 gpt gold and 73 gpt Silver. Teck dropped the Orofino project subsequent to the 1993 program as gold prices declined. Much of their reconnaissance work was never followed up.
Channel samples in the El Gato area are reported to have returned assays of over 50.0 g/t gold from highly altered rocks.
Also a high grade sample was taken from a separate structure some 1.5 km from El Gato grading 14.55 gpt gold and 142 gpt Silver. The reader is cautioned that all of these results should be considered speculative in nature, but are indicative of the potential for the project area.
We understand that fieldwork has been initiated and will include the El Gato (the Cat) area and the Creston Fault Zone where Teck drilled. There are also two potentially significant colour anomalies that coincide with iron-oxide and silica anomalies. Yale has begun to compile all of the historic data into a computerized database, which will result in a better understanding of the geology of the project.
Yale Resources has two other projects of significance. The Urique Project (Gold-Silver) is in the heart of the Sierra Madre gold-silver Belt and is optioned out to American Sierra however, Yale remains the operator of the project. The La Verde Project has multiple skarn targets and 3D modeling has all been completed at La Verde Grande to give Yale an initial conception with what they have. Yale wants to improve that by getting to the second stage of metallurgical studies and drilling some holes to create a 43-101 compliant resource.
With all this on its plate and three projects optioned out to valued added partners there will be plenty of developments and results on a regular basis."
The full Precious Metals Review with charts may be seen at...
https://www.preciousmetalsreview.com/pmrYLLaug09.pdf
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.
SOURCE: Sector Newswire per: Precious Metals Review
editorial@SectorNewswire.com