(TheNewswire)
Vancouver, British Columbia – TheNewswire - March 12, 2024 ? Harvest GoldCorporation (TSXV:HVG) (“ Harvest Gold ” or the“ Company ”) is pleased to announce that it has acquired, through mapstaking, a continuous block of 60 mining claims nearby and to thesoutheast of its Mosseau Project in Quebec. The La Belle propertyoverlays the same geological contact as Mosseau and Urban Barry (seeFigure 1). It covers an area of 3,394.32 hectares.
This recent staking brings Harvest Gold’s total landposition in the Urban Barry region to 329 claims covering 17,539.25 hain three projects. The La Belle project isonly 5 km from Harvest Gold's Mosseau project and 11 km from theUrban-Barry project. The new claims secure the mineral rights over thesoutheast projection of several target structures on the MosseauProject, including the Kiask River Fault as well as thevolcanic-intrusion contact, as confirmed by the Quebec provincialmagnetic survey (Figure 2).
Harvest Gold President and CEO, Rick Mark, states:“This new staking further demonstrates our belief and confidence inthe Urban-Barry region. Our most recent acquisition is strategicallylocated and hosts favorable rocks and structures similar to themineralization hosted at the Mosseau Project and reinforces ourcommitment to exploration in Quebec.”
Previous regional airborne magnetic surveys confirmthat the favorable volcanics and adjoining intrusion (Wilson Pluton)present on the Mosseau property extend onto the newly staked claims,covering approximately 9 km of strike length. Interpretation of theregional geophysics confirms the presence of both northeast andnorthwest trending structures, both of which are considered favorablefor focusing the gold mineralization in the area.
The property has had relatively little exploration inthe past. Three holes drilled in 1965 that totaled 425 m intersectedup to 2.49 g/t Au over 0.46 m and were associated with heavy sulphidemineralization (GM 16293).
The La Belle Project is a low-cost acquisition andincreases Harvest Gold’s exploration footprint over favorablegeology in the area. Further, the major forest fires from 2023 haveexposed a significant number of outcrops that were not previouslyvisible to geological inspection and recent forestry operations haveprovided additional access to the property.
Figure 1: Location of La BelleProject
Figure 2: La Belle Project andRegional Magnetic survey
Qualified Person Statement
The disclosure of technical or scientific informationin this press release has been reviewed and approved by PhillipTerrence Coyle, P.Geo. (OGQ 2079) for Harvest Gold. Mr. Coyleserves as a “Qualified Person” as defined in National Instrument43-101, Standards of Disclosure for Mineral Projects of the CanadianSecurities Administrators.
About Harvest Gold Corporation
Harvest Gold is focused on exploring for near surfacegold deposits and copper-gold porphyry deposits in politically stablemining jurisdictions. Harvest Gold’s board of directors, managementteam and technical advisors have collective geological and financingexperience exceeding 400 years.
Harvest Gold currently now has three active goldprojects focused in the Urban-Barry area, totalling 329 claims covering 17,539.25 ha ,located approximately 45-70 km east of Osisko-Gold Fields WindfallDeposit.
Harvest Gold acknowledges that the Mosseau Gold Projectstraddles the EeyouIstchee-James Bay and Abitibi territories. Harvest Gold is committedto developing positive and mutually beneficial relationships based onrespect and transparency with local Indigenous communities.
ON BEHALF OF THE BOARD OFDIRECTORS
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 itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Forward Looking Information
This news release includes certain statements that maybe deemed "forward looking statements". All statements inthis news release, other than statements of historical facts, thataddress events or developments that Harvest Gold expects to occur, areforward looking statements. Forward looking statements are statementsthat are not historical facts and are generally, but not always,identified by the words "expects", "plans","anticipates", "believes", "intends","estimates", "projects", "potential" andsimilar expressions, or that events or conditions "will","would", "may", "could" or"should" occur.
Although the Company believes the expectationsexpressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performanceand actual results may differ materially from those in theforward-looking statements. Factors that could cause the actualresults to differ materially from those in forward looking statementsinclude market prices, exploitation and exploration successes, andcontinued availability of capital and financing, and general economic,market or business conditions. Investors are cautioned that any suchstatements are not guarantees of future performance and actual resultsor developments may differ materially from those projected in theforward-looking statements. Forward looking statements are based onthe beliefs, estimates and opinions of the Company’s management onthe date the statements are made. Except as required by securitieslaws, the Company undertakes no obligation to update theseforward-looking statements in the event that management's beliefs,estimates or opinions, or other factors, should change.
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