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.

york

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
Archives

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.

[NLINSERT]

Disclosures

1) Bob Moriarty: I, or members of my instant family or household, personal shares of the next firms talked about on this article: None. The articles talked about are advertisers on 321 Gold. I decided which firms could be included on this article primarily based on my analysis and understanding of the sector.

2) The next firms talked about are billboard sponsors of Streetwise Studies: None. Click on right here for essential disclosures about sponsor charges. 

3) Statements and opinions expressed are the opinions of the writer and never of Streetwise Studies or its officers. The writer is wholly answerable for the validity of the statements. The writer was not paid by Streetwise Studies for this text. Streetwise Studies was not paid by the writer to publish or syndicate this text. The data supplied above is for informational functions solely and isn’t a suggestion to purchase or promote any safety. Streetwise Studies requires contributing authors to reveal any shareholdings in, or financial relationships with, firms that they write about. Streetwise Studies depends upon the authors to precisely present this info and Streetwise Studies has no technique of verifying its accuracy.

4) The article doesn’t represent funding recommendation. Every reader is inspired to seek the advice of along with his or her particular person monetary skilled and any motion a reader takes on account of info introduced right here is his or her personal accountability. By opening this web page, every reader accepts and agrees to Streetwise Studies’ phrases of use and full authorized disclaimer. This text shouldn’t be a solicitation for funding. Streetwise Studies doesn’t render normal or particular funding recommendation and the knowledge on Streetwise Studies shouldn’t be thought of a suggestion to purchase or promote any safety. Streetwise Studies doesn’t endorse or suggest the enterprise, merchandise, providers or securities of any firm talked about on Streetwise Studies.

5) Now and again, Streetwise Studies LLC and its administrators, officers, staff or members of their households, in addition to individuals interviewed for articles and interviews on the location, might have an extended or quick place in securities talked about. Administrators, officers, staff or members of their instant households are prohibited from making purchases and/or gross sales of these securities within the open market or in any other case from the time of the choice to publish an article till three enterprise days after the publication of the article. The foregoing prohibition doesn’t apply to articles that in substance solely restate beforehand printed  firm releases.  

 

Share:

Leave a Reply

GIPHY App Key not set. Please check settings