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Gold Investor

Yale Resources Ltd.

June 30, 2010

Yale Resources Ltd.

Symbol:                               YLL.V
Exchange:                           TSX
Shares Outstanding:         62.4 million
Market Capitalization:       4.37 million
Share Price:                         $0.065 CDN (
Sept 4, 2009)
Telephone:                           604-678-2531
Website:                               www.yaleresources.com

 

Yale Resources (TSX Venture: YLL) is a Canadian-based, early-stage, exploration company operating in northwestern Mexico. This region has a long history of copper, silver, gold, and zinc production. Senior and mid-tier companies are exploring in this region. Yale’s own properties have access to power, a highway, and an airstip. Its principal asset is the Carol property covering approximately 756 hectares of land in Sonora. Since 2006, Yale has committed $422, 871 and is committed to spend an additional $231,000 to continue its trenching and sampling program this year. This is in addition to money allocated for further staking and exploration. Six kilometers southwest of its Carol property is the Piedras Verdes deposit containing a reported proven and probable reserve of 191 million tonnes grading 0.36% copper.

 

Aside from Yale Resource’s exploration potential, its management style contributes to its competitive advantage. During the recent economic downturn, many small-cap companies “turtled.” They stopped exploration, mothballed projects, and laid-off staff in order to conserve cash. In contrast, Yale joint-ventured several of its mining projects on a cost-sharing basis. Their staff remained in Mexico actively developing assets. They diversified their portfolio by partnering with Carson energy to derive cash flow from producing oil and gas wells in Texas and Louisiana. They have been successful containing costs over the last three years while increasing their asset base by almost a million dollars a year over the same period. In July 2009, they closed a non-brokered deal raising $480,000 which is more than enough to meet their budget requirements for the year. These funds are being invested cautiously. Yale has no compensatory plans or arrangements in effect with any of its senior officers or members of its board of directors with respect to the resignation, retirement, or other termination of their services, or with respect to a change in their responsibilities following a change in the control of the Company.

 

 

 

 


Related News Articles

Yale Announces Additional Results from Guadalupe
Yale Acquires New Gold Project in Chihuahua, Mexico
Yale Announces The Start Of Geophysics At Guadalupe.
Yale Amends Terms For Dos Naciones Option
Yale Samples 2.70 g/t Au and 529.8 g/t Ag Over 2.10m Identifies Another New Zone at Orofino.
Yale on "Turning Hard Times into Good Times"
Yale Samples Bonanza Grade Silver At Guadalupe
Yale and Silver America Finalize Option for Guadalupe Property, Zacatecas State
Yale Reports on AGM
Yale Samples 333.4 g/t Silver And 0.52 g/t Gold Over 90 cm At Los Amoles Property
Yale Aqcuires Property In Sonora State, Mexico
Yale Resources Inc. on Jay Taylor Radio Show
Yale Options Out The Guadalupe Property, Zacatecas State
Yale announces the results from Carol property in Mexico
Yale Starts Field Work On Five Targets At Urique Project
Yale Receives Approval For Third Tranche - Closes Private Placement
Yale Identifies New Zone At Orofino
Yale closes second tranche of financing
Yale Notified by Partner of Intent to Complete Earn-In
Yale Aqcuires Property In Heart Of Fresnillo Silver District, Zacatecas State, Mexico.
Yale Provides Update On Partners' Activities
Yale Receives Approval For First Tranche Of Private Placement
Yale Receives Approval For First Tranche Of Private Placement
Yale Samples 4.11 G/T Gold And 35.8 G/T Silver Over 8 M At Orofino
Yale Identifies New Gold Rich Zone At El Rosario Target, Urique Project.
Yale Finds Partner for the Carol Project
Yale Samples 2.02 g/t Gold and 31.2 g/t Silver Over 18.5 M at Orofino
Yale Increases Financing
Yale Reprices Financing
Yale-Focus on Orofino Pays Off
Yale Acquires Central Claims at Orofino, Sonora, Mexico


Related Audio Articles

Yale Resources Ltd.