EV Mineral Supply Investment Good News For $SYH.v Following the Canadian government's announcement of at least C$2B of investment into accelerating the production and processing of critical minerals needed for EV battery supply chain, I’m interested to hear updates from Skyharbour Resources (TSXV: SYH) regarding its South Bay copper-zinc-silver mine.
The former South Bay Mine produced approximately 1.6 million tons of 2.3% copper, 14.5% zinc, and 3.5 oz/ton silver to a vertical depth of 410 meters, and explored to a vertical depth of 600 meters, between 1970 and 1982.
$SYH.v believes that with current geophysical survey methods allowing exploration to depths in excess of 1,000 meters, there is significant potential to identify new, highly prospective precious and base metal settings on the South Bay property.
On April 3rd, 2008 Skyharbour announced it made what appeared to be a significant discovery of VMS mineralization, in an area that has never been drill tested in the past, approximately 500 meters to the southwest of the former South Bay Mine shaft.
$SYH.v is currently trading at $.68 and is valued at $89.97M.
https://ceo.ca/@sustainabedude/canada-to-invest-c2-bln-on-mineral-strategy-for-ev-battery-supply-chain