Jay Taylor Interviews Ian Foreman of Yale Resources (TSX.V - YLL) - Video posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, February 7, 2011 - Jay Taylor, Editor of J.
Taylor's Gold, Energy & Tech Stocks Report, and Publisher at
www.jaytaylormedia.com interviews Ian Foreman, President & CEO of Yale Resources
(TSX.V - YLL).
This videois one of Jay Taylor's "Face the Analyst" series of interviews, and is
available for viewing on investmentpitch.com. If this link is not enabled,
please visit www.investmentpitch.com and enter "Yale" in the search box.
Yale Corporate Highlights
Yale's business model of being a Project Generator showed its value to Yale's
shareholders in 2010 by providing Yale with sufficient working capital to
continue working on its wholly owned projects and expand its portfolio of
projects without diluting the Company by undertaking a financing. Yale added
four properties to its comprehensive portfolio of projects in 2010. The Company
was then successful in optioning out two of those properties - Guadalupe and Los
Amoles.
Funding provided by Yale's partners in 2010 was approximately double that of
2009 - showing considerable growth in the Company's business plan. These
expenditures were highlighted by the discovery of a previously unrecognized
portion of the Marcos de Oro Vein within its wholly owned Guadalupe property.
The intersection of 11.5 metres averaging 2.03 grams per tonne gold and 382.6
grams per tonne silver (see news release dated Dec. 15, 2010) assures that
additional work will be performed on the property.
"For Yale to have raised that amount of money in 2010 we would have had to issue
upwards of 18 million shares. By having partners help with the exploration of
our projects we have kept dilution to a minimum", stated Ian Foreman, P.Geo.,
president of Yale.
Also during the year the Urique Project was returned to the Company. The option
proved very successful in that a new high grade gold clavo was discovered within
the El Rosario workings, with highlight samples grading: 9.74 grams per tonne
gold and 356.7 grams per tonne silver over 1.68 metres, 2.16 grams per tonne
gold and 92.5 grams per tonne silver over 2.93 metres, and 3.60 grams per tonne
gold and 108.2 grams per tonne silver over 1.87 metres (see news release dated
November 17, 2009). With the recent addition to the San Pedro target, Yale
anticipates that it will be able to find a new partner for the property.
The projection for 2011 is for continued growth through the optioning of
additional projects as well as increased exploration commitments on its current
portfolio of optioned properties. In conjunction with working with its partners,
Yale will continue to advance its wholly owned projects.
Yale anticipates that at least two projects will be drilled by partners in 2011
and that the Company will be able to drill at least one of its wholly owned
projects.
Results are pending on the recent work program at Los Amoles completed on behalf
of its partner Nature's Call and field work is anticipated to start shortly on
the Company's newest property, Apache.
For more information on Yale Resources, please visit the company's website at
www.yaleresources.com or contact Ian Foreman at 604-678-2531.
Investmentpitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1486376]
Unternehmensinformation / Kurzprofil:
Datum: 08.02.2011 - 06:43 Uhr
Sprache: Deutsch
News-ID 51166
Anzahl Zeichen: 4157
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 219 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Jay Taylor Interviews Ian Foreman of Yale Resources (TSX.V - YLL) - Video posted on InvestmentPitch.com"
steht unter der journalistisch-redaktionellen Verantwortung von
InvestmentPitch (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
