Yale Parts

Yale Parts

Yale Resources as a Social and Environmental Steward: a Good Reputation Well Earned

Yale Resources as a social and environmental steward: a good reputation well earned

June 28, 2007

By Alison Metcalfe

Two millennia since the classical Romans laid down world-class roads to benefit their armies and their provincial taxpayers, farsighted mining engineers have been copying this workable practice.

Now, in a world suddenly re-awakened to the urgency of remedies for Planet Earth, some junior resource companies have stepped up their engineering in environmentally and socially sensitive countries. One junior has embarked on developing environmentally friendly coal-water fuels for its local mining equipment; others, like silver explorer Yale Resources Ltd. (TSXV.YLL), have focused on infrastructure that benefits the communities living near project properties.

The alternatives are not attractive: projects of great promise can fail with the first wind of a bad reputation.

Ian Foreman, the geologist who heads Yale Resources, has spent years working in Mexico, where local communities have risen to expect understanding and cooperation from the mining companies scratching for minerals in their vicinity.

“We take the environment first and foremost with regards to our exploration and still our industry has received a negative image with regard to the environment,” Foreman said recently. “I think that of all the industries, from chemical through forestry through mining, I would be surprised if the mining and exploration industry isn’t at the forefront of all industries leading change.”

He pointed out that Vancouver-based Yale Resources is making more than idealistic statements in Sonora, Mexico’s northwestern-most state, which diligently follows guidelines for environmental regulations.

Yale announced on June 25 that its Mexican subsidiary - Minera Alta Vista S.A. de C.V. - agreed to purchase a 100-percent interest in the La Verde Grande copper-zinc-silver-gold mine located in Sonora. La Verde Grande is Yale’s fourth acquisition in Mexico in the last year, and its most advanced property to date. The company also acquired, by staking, 1,900 hectares of prospective ground surrounding this area to cover additional skarn and porphyry potential.

The La Verde Grande Cu-Zn-Ag-Au Mine property is made up of six contiguous exploitation concessions that total about 300 hectares. The property contains the historic La Verde Grande copper-zinc-silver-gold mine, as well as the La Verdecita and El Picacho prospects, both of which saw limited production in the early 1900s. The property is within two km of a paved highway and a power grid.

"Exploration potential for the property is significant as the numerous mines, prospects and showings in the area have never been examined as a whole. Each of the various zones has been considered as separate bodies rather than part of a much larger mineralized system,” Foreman said.

Yale has purchased the complete historical database for 40,000 shares in Yale from Scorpio Mining Corp., which held an option on the property between 1999 and 2002 but performed limited exploration in the immediate area. Social and environmental concerns are a factor from the moment Yale considers purchasing a property.

“Before we even start a trenching program, we need to get an environmental permit from the State of Sonora. We actually have to file an environmental impact assessment study as we have with our Carol property. Later, we’ll have to go through the process of remediating the property as well – filling in the trenches and adits, and making sure that the access roads and such are built to standard,” he stated.

Environmental concerns alone, however, do not address communities’ longstanding concerns, particularly in developing countries where governments sometimes struggle to find the capital to build and maintain infrastructure such as roads in rural communities.

“There is a real advantage to cutting access roads in Mexico,” Foreman said. “Roads create access for more than just the exploration company. A lot of the time, the locals – the small farmers, the people who live in the communities – are greatly advantaged by us making these roads so that they have access to other communities and land.

“Because we are doing that, there is a potential for liability. So obviously the roads and access routes we build have to be made correctly, with attention to drainage and other engineering concerns. We have to be very careful with regards not only to where but also how we make these access roads.”

Yale also meets with the local communities, stating its objectives, and asking advice from elected leaders. Letting them become part of the process also works into the public relations aspect of a socially conscious business enterprise. The communities then can tell the explorers which groves of trees should be preserved, along with other social and environmental concerns.

Yale’s road on its Carol property is less than 1 km long, but other roads created when mining explorers initiated drill programs, were much longer.

The Carol property consists of six mining claims over 758.14 hectares, is 20 km north of Alamos in Sonora. It is about six km north of Frontera Copper Corp.'s huge Piedras Verdes copper porphyry deposit, making the Carol property reachable by excellent infrastructure. The property hosts three distinct mineralized targets – a copper-zinc-gold-silver skarn, a high-grade shear zone, and an epithermal vein hosting silver and gold.

Yale’s social and environmental actions are an early signal of a new cooperation throughout the industry that may lead to mining companies becoming more recognized as stewards of social and environmental responsibility.

This article is intended for informational purposes only and should not be considered as a recommendation to buy stock in any company. Although the author has made efforts to verify the information contained herein, the accuracy of all the information cannot be guaranteed. As always, it is recommended that you commit considerable time to completing your due diligence before buying stocks in publicly traded companies. A fee has been paid for the creation and distribution of this article.

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