Tuesday, January 03, 2012
Happy New Year!
Happy New Year from all of us at Yale Resources. We are looking forwards to a very busy and prosperous 2012. We will continue to keep you updated on the progress of not only Yale but it's many optionees. Here is a quick 'catch up' of developments from the past two weeks:
Roulston picks up Yale Resources:
Yale received an early Christmas present with a recommendation by well respected independent analyst Lawrence Roulston. An excerpt from public sources is provided below:
Lawrence Roulston, in the Dec. 21, 2011, edition of Resource Opportunities, tells readers why to buy Yale Resources Ltd., recently 3.5 cents. This is the first time he has recommended the stock. Yale, Mr. Roulston explains, using two of his favourite business buzzwords, is a "prospect generator" with several gold and silver projects in Mexico. A glorified property vendor, the company acquires early-stage projects with potential and brings in joint venture partners to finance work. Its Urique project is just north of Goldcorp Inc.'s El Sauzal gold mine, at which Goldcorp has produced over 1.5 million ounces of gold at a low cash cost. Another promising property is Guadalupe, located eight kilometres north of Fresnillo, which he calls one of the most productive silver mines in the world. Although JV partners are financing much of the work on Yale's properties, the company continues to face a chronic shortage of capital. Still, Mr. Roulston says, Yale boasts multiple projects with substantial discovery potential as well as a "strong geological team," the writer's favourite compliment. He believes the company's current share price offers "an attractive entry level."
Optionee Mammoth Resources is free trading and ready to get started at Urique:
Mammoth Resources (previously Mammoth Capital) is now up and trading and they are very keen to get going with their earn-in of the Urique Project with a proposed +$400,000 first year work program. This is an excerpt from one of Mammoth's many news releases over the past two weeks:
Launch of Urique exploration program
The company's partner and operator of the Urique project has now initiated mapping, sampling and trenching activities at the two priority San Pedro and El Rosario targets as planned under the initial phase of the $440,000 exploration work program set out in the company's technical report dated Dec. 14, 2011, entitled, "Geological report and exploration summary of the Urique project, municipality of Urique, Chichuahua state, Mexico," authored by Dr. P. Craig Gibson, PhD, CPG. This initial exploration activity is intended to identify and define drill targets at these two priority targets. The company expects to ramp up its exploration activities early in January, 2012, assembling a second field crew to evaluate the secondary targets at El Platano, Los Alisos, El Frijolar and El Sauz in the southern region of the project and Cuiteco in the northern region of the project. |