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York Harbour Metals Inc
Symbol YORK
Shares Issued 68,528,941
Close 2023-06-27 C$ 0.17
Market Cap C$ 11,649,920
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York Harbour continues fieldwork at Bottom Brook

2023-06-27 15:29 ET - News Release

Mr. Bruce Durham reports

YORK HARBOUR METALS UPDATES FIELD WORK PROGRESS AT BOTTOM BROOK RARE EARTH PROJECT IN NEWFOUNDLAND

York Harbour Metals Inc. has provided an update on the progress of its continuing fieldwork and recent discoveries at the Bottom Brook rare earth elements (REE) project in the province of Newfoundland and Labrador.

Summary highlights:

  • Eight-person field crew actively working on extensive, 15,110-hectare property, including four geologists evaluating the geological environment at some of the known occurrences and prospecting a variety of newly identified targets;
  • Rock samples from the trench zone and the new zone sent to Eastern Analytical for assaying;
  • Initial assay results expected in one to two weeks;
  • Anomalous radiometric readings have been discovered in association with favourable host rocks along a seven-kilometre trend indicating the potential for large areas of mineralization;
  • Fieldwork over the next month will focus on trenching, channel sampling and comprehensive geological mapping of all trenches, as well as more regional target evaluations;
  • Diamond drilling planned for August.

York's comprehensive exploration efforts are now well under way following the full thaw of the winter snowpack. Despite the initial setbacks caused by cool weather, the company's eight-person field crew, including field geologists, is capitalizing on the improved conditions to evaluate the geological environment and prospect new targets on the 15,110-hectare site.

Initial rock samples collected from the known trench zone and new zone have been submitted to Eastern Analytical in New Brunswick for preparation and subsequent shipping to Eastern Analytical in Newfoundland for detailed analysis and assaying. The company expects to receive the initial assay results next week, which will provide valuable insights into the geological controls on mineral disposition and also the grade of different styles of mineralization at several locations on the property. These initial assay results will also inform some of the next phase of work that will include trenching and further sampling that will help provide important information in advance of the company's initial drill program on the project in August. This week, the company shipped an additional 60 rock samples to Eastern Analytical and it anticipates receiving the assay results from these additional samples within a month.

Field crews have utilized helicopter support to prospect and map some more remote airborne geophysical targets that were inaccessible. Early and quick access to these more remote targets has allowed the company to gain initial information about the regional potential on some of its new targets.

The company has successfully accessed and sampled a number of previously unexplored targets and has been successful in uncovering several intriguing prospects that will warrant further investigation. These prospects will undergo detailed prospecting, mapping and radiometric surveying, with the goal of understanding the local geology, structure and controls on any mineralization that is of economic interest. Areas of interest will be investigated further as data are received and synthesized.

The company's geological team has been conducting radiometric surveying over previously identified prospecting targets, while also engaging in extensive mapping and sampling of outcrop exposures. These efforts aim to enhance the company's understanding of the geological context of these target areas and help refine its exploration strategies.

Preliminary findings have yielded promising results, with anomalous radiometric showings featuring favourable host rocks and mineralization identified along a seven-kilometre strike length, trending north-northeasterly from the new showing area discovered in late May. This significant radiometric mineralization highlights the potential and prospectivity of the company's project to have mineralization over large areas on the property.

Looking ahead, fieldwork over the next month will focus on trenching, channel sampling and comprehensive mapping of all trenches. These activities will prepare the company for the initiation of diamond drilling in August, marking a critical milestone in its exploration and evaluation process.

Qualified person

Doug Blanchflower, PGeo, a director of York Harbour and qualified person in accordance with National Instrument 43-101, has reviewed and accepted the technical material contained in this news release.

About York Harbour Metals Inc.

York Harbour is an exploration and development company focused on two high-grade projects in Newfoundland. The York Harbour copper-zinc-silver project is located approximately 27 kilometres from Corner Brook in Newfoundland. The company intends to continue drilling the 11 known mineralized zones and explore new massive sulphide targets.

Recently, the company announced the acquisition of a high-grade REE project also located in Newfoundland. The Bottom Brook critical metals project, covering 15,110 hectares, is located next to the Trans-Canada Highway and is just 27 kilometres from the deepwater port at Turf Point. York Harbour intends to actively identify diamond drill targets through property-wide prospecting, focused soil sampling and geological mapping. A substantial drill program is scheduled for this year.

We seek Safe Harbor.

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