York Harbour Reports Bonanza-Grade Copper in Newfoundland

Bob Moriarty shares his ideas on York Harbour Metals, which has been simmering for a decade — till just lately once they made a deal on a former mine.

York Harbour Metals (YORK:TSXV) is a kind of firms that has been round for 10 years however till just lately appeared to indicate any actual course. Simply over a 12 months in the past that each one modified when the corporate did an unbelievable deal in Newfoundland on a former mine relationship again to an 1893 mining of a VMS deposit of copper, zinc, and cobalt.

The corporate executed an choice a 12 months in the past on the York Harbour mine consisting of 5 mineral licenses and 156 mineral claims with a complete land place of three,900 ha. The deal referred to as for them to pay $95,000 in money and to challenge 1,485,566 shares and to spend $3 million in exploration over a two 12 months interval to earn 100% possession of the venture topic to a 2% NSR.

Some vibrant spark within the firm realized that VMS deposits (also referred to as black people who smoke) are likely to happen in clusters. Prior operators had performed barely over 19,000 meters of drilling and had 2,134 meters of underground drifts. The historic outcomes revealed eleven totally different lenses of sulphide mineralization.

Beginning in July York Harbour performed a brief 1,222 metre part 1 drill program and launched acceptable leads to January. Per week later the corporate introduced a further part of drilling consisting of twenty-two drill holes with a complete of 4,000 metres of diamond drilling.

Assays from this final drill program started to indicate up a month in the past with some excellent outcomes reminiscent of 25 metres of two.7% copper, 9.0% zinc, 17.78 g/t Ag and 164 g/t cobalt. The corporate simply launched the actual bonanza grade holes on March 28. The market beloved the numbers.

york harbour

Gap YH21-24 confirmed 5.25% copper, unbelievable 436.5 g/t cobalt and eight.97 g/t Ag with 0.801% zinc. Whereas the chart above displays an within the floor worth of $566 USD to the tonne, it doesn’t replicate the extra $36 USD for twelve ounces of cobalt.

Gap 21-22 confirmed an much more unbelievable 5.26 metre intercept of two.84% copper, 31.96% zinc and 42.09 g/t Ag price $1630 USD to the tonne.


The corporate has simply over 10 million warrants excellent with costs various from $.40 to a excessive of $.75 per warrant. When these are absolutely subscribed they are going to herald a further $7.2 million. With the value of the shares at $1.29 there shall be loads of buyers exercising their warrants so I don’t see cash for drilling as being any drawback for YORK.

Whereas York Harbour is an advertiser, I have to confess I completely missed this one till administration jogged my memory to take a look at the drill outcomes they put out on Monday. They have been excellent and I bought caught out on the airport when my ship lastly arrived on the port. I personal no shares, alas. So I’m slightly biased however not rather a lot biased. Do your individual due diligence however the firm definitely appears to be on to one thing good.

York Harbour

York-C $1.29 (Mar 28, 2022)

YORKF OTCBB 48.8 million shares

York Harbour web site

Bob Moriarty
President: 321gold


Bob Moriarty based 321gold.com, along with his late spouse, Barbara Moriarty, greater than 16 years in the past. They later added 321energy.com to cowl oil, pure fuel, gasoline, coal, photo voltaic, wind and nuclear power. Each websites function articles, editorial opinions, pricing figures and updates on present occasions affecting each sectors. Beforehand, Moriarty was a Marine F-4B and O-1 pilot with greater than 832 missions in Vietnam. He holds 14 worldwide aviation information.



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