Yale Resources is pleased to report that a comprehensive work program is now underway at the Urique Project, located in Chihuahua State, Mexico, immediately north of Goldcorp’s El Sauzal gold mine and immediately south of Kimber Resources’ Monterde Property. Work at Urique is being performed on behalf of optionee Mammoth Resources Ltd. The initial [...]
Yale Resources is pleased to provide a summary of its finances in 2011 and give an overview of its plans for 2012. In calendar year 2011 Yale generated modest revenue of approximately $193,000 as a result of cash payments and management fees from optionees, sale of shares in optionees, oil and gas revenue, and consulting for third party companies [...]
Yale Resources is pleased to provide an update on its on-going exploration activities in Mexico. Sonora Resources Ltd. has committed to the second year of the option for the Los Amoles silver property and Yale has received an additional 200,000 shares of Sonora Resources. The second year’s commitment at Los Amoles is US $300,000 in expenditures. A [...]
Yale Resources is pleased to report that drilling has started at the 2,391 hectares Dos Naciones property located approximately 160 km northeast of Hermosillo in the heart of the Sonoran porphyry district. The work is being done on behalf of optionee Del Toro Silver. The first two planned holes are being drilled in the La Espanola skarn target [...]
Yale Resources is pleased to report that it has signed and formalized an Option Agreement with Overlord Capital Ltd. – a Capital Pool Company – for Yale’s wholly owned Orofino Property located in Sonora State. The transaction is intended to be Overlord’s "Qualifying Transaction." Under the terms of the Option Agreement, in order to earn up to a 70 [...]
