Yale leaves Golden RevenueYale Resources cancels Golden Revenue option deal
2005-03-15 09:40 ET - News Release
Mr. Ian Foreman reports
YALE WITHDRAWS FROM GOLDEN REVENUE
Yale Resources Ltd. has informed Atac Resources Ltd. that the company has chosen to withdraw from the option agreement for the Golden Revenue property, located approximately 220 kilometres northeast of Whitehorse, Yukon Territory. In 2004 the two parties spent $600,000 drilling the Nucleus zone and the second year of the option agreement required a commitment of $650,000.
Yale recently commissioned a geological review of the past 20 years of drill results from the Nucleus zone by a third party consulting group. In the company's opinion the results of this study did not meet the requirements in order to fulfill the second year of the option agreement.
The company would like to thank the Yukon Energy, Mines and Resources branch for its professionalism and support of Yale's 2004 work program.
Yale is continuing to review opportunities that meet the company's criteria for the acquisition of premium gold and/or copper projects worldwide.
We seek Safe Harbor.