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Vancouver, British Columbia / October 30, 2024 ‑ TheNewswire – Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold” or the “Company”) is pleased to provide an update on the work being undertaken on its district scale, three property package in the Urban-Barry region of the Abitibi Greenstone Belt (see Figures 1, 2).
Rick Mark, President and CEO states: “Harvest is now in the process of determining and defining priority drill targets on the Company’s flagship Mosseau property. This is the first time the recently amalgamated Mosseau property’s disjointed, disparate historic data has been gathered, analyzed and interpreted as a single database. This presents a unique opportunity for our shareholders”.
Phase I Mosseau drilling is planned for the first half of 2025. High priority targets will be based on the integration and interpretation of the best previously identified gold showings and historical drill results in conjunction with the recently completed high resolution air magnetic data (Figure 3). This work will provide target strike and depth extensions for drilling in the northern part of the property.
The Company is currently undertaking a program of prospecting, geological mapping and soil sampling in the central portion of the Mosseau property (Figure 4). This work is being done by IOS Geo Scientifiques of Chicoutimi, Quebec, a highly respected consulting group with renowned expertise in geochemistry. Harvest Gold will integrate this new data with historical showings and drill results and this summer’s high resolution air magnetic data. Priority 2025 drill targets in the central portion of Mosseau will also be developed.
Finally, prospecting and geological mapping along favourable structures is also underway for the highly prospective, previously unexplored 100% owned Urban Barry (20km strike length) and LaBelle (9km strike length) properties.
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Figure 1: Harvest Gold properties in the Urban-Barry Region
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Figure 2: Harvest Gold and Gold Fields properties in the Urban-Barry Region
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Figure 3: Phase I focus for drill targeting on Mosseau
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Figure 4: Current Soil Sampling Program overlain on Magnetic data on Mosseau
Qualified Person Disclosure
The disclosure of technical or scientific information in this press release has been reviewed and approved by Louis Martin, P.Geo. (OGQ 364), Qualified Person for Harvest Gold. Mr. Martin serves as a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
About Harvest Gold Corporation
Harvest Gold is focused on exploring for near surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.
Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 329 claims covering 17,539.25 ha, located approximately 45-70 km west of Osisko-Gold Fields Windfall Deposit.
Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories. Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.
Harvest Gold’s three properties, Mosseau, Urban-Barry and LaBelle are outlined in black. Together they cover approximately 45 km of favorable strike within the volcanics.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark
President and CEO
Harvest Gold Corporation
For more information please contact:
Rick Mark or Jan Urata
@ 604.737.2303 or info@harvestgoldcorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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