Market Herald logo

Subscribe

Be the first with the news that moves the market
  • York Harbour Metals (YORK) has acquired the Gregory River Property situated on the northern coast of the Bay of Islands
  • The Gregory River Property consists of 10 mineral licences totalling 415 claims and covering 10,375 hectares (103.75 sq km or 40.06 sq mi)
  • Staking fees of $53,950 have been paid to the vendor and there are no royalties on the claims
  • York Harbour Metals Inc. is an exploration and development company
  • York Harbour Metals Inc. was up 2.667 per cent, trading at $0.77 at 9:45 AM ET

York Harbour Metals (YORK) has acquired the Gregory River Property situated on the northern coast of the Bay of Islands.

The property is about 22 km north of the company’s York Harbour Copper-Zinc-Silver or 36 km northwest of the City of Corner Brook in western Newfoundland.

The Gregory River Property consists of 10 mineral licences totalling 415 claims and covering 10,375 hectares (103.75 sq km or 40.06 sq mi).

Following this acquisition and the additional claims added to the York Harbour Property to the south, York Harbour Metals now owns and operates two properties with known copper-zinc (+/- silver, gold, lead, cobalt) potential within the Bay of Islands Ophiolite Complex.

York Harbour Metals acquired the Gregory River claims via a staking agreement with the original vendors of the York Harbour Property.

Staking fees of $53,950 have been paid to the vendor and there are no royalties on the claims.

These two properties total 604 claims and cover 15,100 hectares (151 sq km or 58.3 sq mi), which more than triples the Company’s land claim area in Newfoundland.

The company plans to conduct a preliminary geological mapping and rock geochemical survey to assess the exploration potential within this large claim holdings and identify specific targets for follow-up geophysical and geochemical surveying prior to diamond drill testing.

“The Gregory River area is highly prospective for the same Cyprus-style Volcanogenic Massive Sulphide mineralization that the company has discovered and is exploring for at the York Harbour Project, but also this new acquisition has good potential for both gold-bearing sulphide and quartz vein-hosted mineralization,” stated Andrew Lee, CEO and President.

York Harbour Metals Inc. is an exploration and development company that has been focused on the York Harbour Copper-Zinc-Silver Project, a mineral property located approximately 27 km from Corner Brook, Newfoundland.

York Harbour Metals Inc. was up 2.667 per cent, trading at $0.77 at 9:45 AM ET.


More From The Market Herald

" Solstice Gold Corp. (TSXV:SGC) upsizes private placement

Solstice Gold Corp. (SGC) has upsized its previously announced non-brokered private placement for gross proceeds of $3M.

" Tudor Gold Corp. (TSXV:TUD) announces fourth amended and restated arrangement agreement

Tudor Gold Corp. (TUD) has signed an amended and restated arrangement agreement with subsidiary Goldstorm Metals Corp.
Mandalay Resources - President and CEO, Dominic Duffy.

" Mandalay Resources (TSX:MND) completes sale of the Challacollo Project

Mandalay Resources (MND) has completed the sale of Minera Mandalay Challacollo Limitada (MMC) to Aftermath Silver Inc.
Exploits Discovery Corp. - President & CEO, Jeff Swinoga.

" Exploits Discovery Corp. (CSE:NFLD) closes non-brokered private placement

Exploits Discovery Corp. (NFLD) has closed its previously announced non-brokered private placement for gross proceeds of $1,500,399.