- York Harbour Metals (TSXV:YORK) is sharing positive channel sampling assays from its 15,150-hectare Bottom Brook rare earth elements project in Newfoundland and Labrador
- Highlights include 3 metres at 1.38 per cent TREO (total rare earth oxides), including 1 m at 2.28 per cent TREO; 4 m at 0.87 per cent TREO; and 1.5 m at 1.07 per cent TREO
- York Harbour Metals is an exploration and development company advancing two high-grade projects in Newfoundland and Labrador
- York Harbour Metals stock has given back 59.72 per cent year-over-year, but has gained 190 per cent since 2020
York Harbour Metals (TSXV:YORK) is sharing positive channel sampling assays from its 15,150-hectare Bottom Brook rare earth elements project in Newfoundland and Labrador.
The assays, analyzing work from summer 2023, include 17 channel samples over 16.9 m across two separate trenches at the newly discovered Bottom Bank rare earth elements prospect.
| Sample number |
Channel length (m) |
Total rare earth oxides % |
| 116670 |
1 |
0.44 |
| 116671 |
1 |
0.27 |
| 116672 |
1 |
0.11 |
| 116673 |
1.5 |
0.06 |
| 116674 |
1 |
0.13 |
| 116675 |
1 |
0.05 |
| 116676 |
1 |
1.07 |
| 116677 |
1 |
2.28 |
| 116678 |
1 |
0.79 |
| 116679 |
1 |
0.92 |
| 116680 |
1 |
0.93 |
| 116681 |
1 |
0.44 |
| 116682 |
1 |
1.19 |
| 116683 |
1 |
0.09 |
| 116684 |
0.7 |
0.21 |
| 116685 |
0.2 |
0.66 |
| 116686 |
1.5 |
1.07 |
York Harbour completed a 10-hole, 1,701-m diamond drilling program at Bottom Brook in December 2023 testing the depth and strike extent of high-grade mineralization uncovered through 2023 trenching, geological mapping and channel sampling. Bottom Brook’s prospectivity is further supported by high-grade grab samples from the Bottom Bank Showings 750 m to the south-southwest.
Investors can look forward to upcoming drill assays as soon as an additional 120 drill core samples, which management ordered after a drill data review, return from the lab.
According to Tuesday’s news release, management is also “actively assessing and re-interpreting” the high-grade 4,725-hectare York Harbour copper-zinc-silver project for the best path to unlock shareholder value. Work to date includes compiling, digitizing and re-modelling historical and recent project data, as well as consulting with geologists and professionals in other strategic disciplines. The project houses 11 known mineralized zones and multiple massive sulphide targets.
Leadership insights
“These outcomes not only affirm the potential of our Bottom Brook project but also start a new chapter under my leadership,” Blair Naughty, York Harbour Metals’ president and chief executive officer, said in a statement. “I recognize the challenges our shareholders have navigated through, and while acknowledging areas for improvement, I remain optimistic as many of you about our future. As the largest shareholder, deeply committed to our collective success, I am focused on steering York Harbour towards sustained growth and value creation.”
“Our commitment is to leverage the strengths of our core projects and enhance shareholder value through meticulous exploration and strategic planning,” Naughty added. “With additional technical expertise now on board and a renewed understanding of our key projects, we are poised to aggressively pursue development. Thank you for your continued trust and support as we advance our promising projects and build a robust future together.”
About York Harbour Metals
York Harbour Metals is an exploration and development company advancing two high-grade projects in Newfoundland and Labrador.
York Harbour Metals stock (TSXV:YORK) is up by 3.57 per cent, trading at C$0.14 per share as of 10:37 am ET. The stock has given back 59.72 per cent year-over-year, but has gained 190 per cent since 2020.
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