TORONTO – York Harbour Metals Inc. [YORK-TSXV; PGRCF-OTC], formerly Phoenix Gold Resources, provided the assay results from diamond drill hole YH21-18 that showed significant mineralization from the phase 2 drilling on the York Harbour copper-zinc-silver project. The project is located 27 km west of Corner Brook, Newfoundland. The company can earn a 100% interest in the York Harbour Mine property by spending $3 million on exploration.
Diamond drill hole YH21-18 was drilled to 164 metres at an orientation of 60 degrees and returned 25.0 metres of 2.70% copper, 9.04% zinc, 17.78 g/t silver, 0.15 g/t gold and 164 g/t cobalt, including 10.0 metres of 2.47% copper, 16,52% zinc, 36.43 g/t silver, 0.314 g/t gold and 93 g/t cobalt. These intervals are drilling lengths, not true widths since the orientation of the mineralization have yet to be established.
On December 15, 2021, the phase 2 diamond drilling program concluded. The program included 29 holes totalling 4,562 metres. A total 1,219 drill core samples have been collected from the drill core comprising disseminated to massive sulphide mineralization.
The results for drill hole YH21-18 are the first results received from the phase 2 drilling program. The rest of the phase 2 analytical results are awaited due to long delays at the lab.
The intersection of massive and semi-massive sulphide mineralization in the phase 2 drill holes has confirmed both the style of the mineralization and the location and expected grades of the mineralization as documented by historic drill hole information. The mineralization is typical of mafic-hosted volcanogenic massive sulphide similar to the Cyprus-type mineralization type. The results also highlight the potential for broader zones of mineralization extending beyond and between the previously identified mineralization.
Bruce Durham, executive chairman, commented: “This is an exciting drill hole result early in the company’s inaugural drill campaign and these high-grade results indicate the presence of a thick interval of typical volcanogenic massive sulphide mineralization VMS that we will work to outline in the coming months. VMS mineralization is rare and the copper and zinc in this mineralization is very valuable, with a high in-situ value even without taking into consideration the value of the accessory minerals. Copper and zinc are currently selling near all-time highs, making this is a great time to be working on defining mineralization that has the commodities an electrified world needs. The fundaments for copper, zinc, silver and cobalt are very strong going forward. York Harbour’s project has very strong fundaments and we feel this project has the potential to put York Harbour on the Newfoundland mining map.”
York Harbour plans to continue drilling the 11 known mineralized zones and test other new massive sulphide targets, like the No. 4 Brook showing, while focusing on gaining access to the 400-level and sea level adits.