Phoenix Gold Resources recently entered into an option agreement with WBN Prospecting Group to acquire a 100% interest in the York Harbour copper, gold & cobalt property, consisting of five mineral licences and 156 mineral claims totalling 3,900 hectares. The deposit at York Harbour comprises a series of strata-bound, Cyprus-type volcanogenic Cu-Zn massive sulphide lenses, hosted by simply folded ophiolitic mafic volcanic rocks of the Bay of Islands Complex. 11 zones of copper-zinc enriched massive sulphides; highly prospective for exploration upside
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