There is no denying that York Harbour Metal’s recent drilling results have been exceptional and with such a high-grade intercept, it is clear that York harbour has a very promising future ahead. Newfoundland is fast becoming one of the most prospective places for gold exploration in the world, and with York Harbour’s prime location, they are well positioned to take loyal shareholders to the next level.
Copper is in huge demand and used in everything from electrical wiring to plumbing, so with such a large intercept of high-grade copper, York Harbour Metals is looking at a very bright future. They have already made great strides in their exploration and development, and with such positive results, it is clear that they are a company to watch.
It’s also worth mentioning that Newfoundland is one the top jurisdictions for mining in the world and surrounded by others like Anaconda Mining, Brascan Gold & Vale. So, not only is York Harbour Metal’s poised for success with their own operations, they are also in great company.
Some of their most recent news of drilling high grades of copper are their most significant yet (29 meters, 5.25% CU) with still plenty of drilling results on the way after surpassing the 10,000 meters mark. There’s no wonder why there are high levels of insider ownership (nearly 40%), Sprott having a 7% stake and insider buying surpassing two million dollars within the past year. With a clean balance sheet and most recent daily volumes surpassing their 3 month average after a slight pullback, bulls are not giving up 1.01$ and those that bought in 52 weeks ago are still enjoying over 250% unrealized gains.
They have recently announced plans to continue drilling into Phase 3 and here’s what Chairman, Bruce Durham had to say about it.
“Phase 1 & Phase 2 drilling programs have successfully identified, delineated, and discovered several copper-rich and zinc-rich mineralization lenses in the Main Mine Zone. The systematic drilling in Phase 3 was to infill the Main Mine Zone and begin our expansion of the 400-metre strike length. With the Permit in place, we can aggressively continue our drilling program to further expand both along strike and at depth.”
Investors were very bullish after these past drilling results and their most recent press release and helped push the share price near it’s all time high to $1.30 at close on April 18th, 2022. York is traded on the Toronto Venture Exchange (YORK), the OTC under the ticker symbol (YORKF) and the Frankfurt (5DE0) and is debt free.