YORK HARBOUR COPPER-ZINC PROJECT
- 100% Owned
- 27 kms west of Corner Brook, Newfoundland Canada.
- 4,725-hectare expanded license area (from historical 650 hectares) consisting of 5 licenses and 156 claims.
- Option agreement to acquire 100% interest in the York Harbour Mine Property by completing $3.0 million in accumulated work by March 2024.*
*100% interest from the Optionor subject to a 2% Net Smelter Royalty (“NSR”) on the following terms:
- Payment of $95,000 cash;
- The issuance of 1,485,566 shares of York Harbour Metals
- Discovered in the 1890’s. Shaft sinking began in 1897 with mining continuing to 1918.
- Activity resumed in the early 1950’s through to 1970’s.
- Mid 1960’s – NAMA begun a Sea Level Adit to enhance exploration and to become a main haulage level but was never completed due to lack of funding.
- 210 x Underground exploration drill holes (10,994 total metres) 45 x Surface exploration drill holes (8,235 total metres)
PHASE 1 | COMPLETED
CHANNEL SAMPLING
The surface grab and channel sampling program targeted a 100 m strike length of the ‘A’ Zone and yielded high-grade copper and zinc surface rock samples, including up to 16.8% Copper, 30.4% Zinc, and 119.6 g/t Silver.
EXPLORATION DIAMOND DRILLING
Phase 1 diamond drilling program was designed to confirm historical drilling results and reported grades for known lens of massive and semi-massive sulphide mineralization, primarily within the ‘A’ and ‘D’ zones. The Company completed 9 drill holes, totaling 1,222 m. 3 holes were abandoned when they encountered a wide fault zone and a section of the 400-level adit. The other 6 drill holes all intersected sulphide mineralization.
ASSAY HIGHLIGHTS FROM PHASE 1:
YH21-04: 34m of .91% Cu, 0.66% Zn, 1.35 g/t Ag, .03 g/t Au, 79.74 g/t Co
including 2m of 3.68% Cu, 0.08% Zn, 3.59 g/t Ag, 0.01 g/t Au, 79.74 g/t Co;
& 9.3m of 1.57% Cu, 0.05% Zn, 1.14 g/t Ag, 0.01 g/t Au, 131.82 g/t Co.
YH21-06: 52.2m of 0.85% Cu, 0.53% Zn, 1.75 g/t Ag, 0.01 g/t Au, 91.81 g/t Co
Including 5.8m of 3.52% Cu, 0.09% Zn, 2.80 g/t Ag, 0.01 g/t Au, 283.03 g/t Co; &
2.6m of 6.31% Cu, 0.13% Zn, 4.67 g/t Ag, 0.01 g/t Au, 450.65 g/t Co
YH21-08: 9.4m of 0.46% Cu, 0.53% Zn, 2.67 g/t Ag, 0.08 g/t Au, 60.09 g/t Co
Including 6.6m of 0.62% Cu, 0.65% Zn, 3.37 g/t Ag, 0.11 g/t Au, 66.92 g/t Co
DRILL CORE SAMPLES – YH21-08
PHASE 2 | COMPLETED
CONTINUED DRILLING PROGRAM
Phase 2 exploration included 29 drill holes, which totaled ~ 4,562 m of drilled core. It is designed to test the strike and depth extensions of most of the reported VMS mineralization and similar mineralization both along the strike and downdip, in the vicinity of the historical mine workings along more than 400 m of strike length.
At two of these historical intercepts the latest drill holes YH21-13 and 14 have confirmed significant VMS mineralization. Thus, the Phase 2 program included both delineation and exploration drilling.
HOLE YH21-18 ASSAY RESULTS: 25m of 2.7% Copper, 9.0% Zinc, 17.78 gpt Silver and 164 gpt Cobalt
PHASE 1 & PHASE 2 | FINDING
- Confirmed historical
- Confirmed presence of massive sulphides
PHASE 3 | IN PROGRESS
EXPANDED DRILLING PROGRAM
The Company has proceeded with expanded drilling programs in the Main area and with exploration drilling targeting several identified volcanic-hosted massive sulfide (“VMS”) copper-zinc-silver mineralization along the known 450m strike length. Phase 3 includes 22 planned drill holes totalling 4,000m.
In addition to defining mineralization along strike, this drilling will also test up and down dip extensions of the known mineralization.
The company is also in the process of getting permits to gain access and explore the No 4 brook and the 400-level and sea level adits.