(TheNewswire)
Vancouver, British Columbia – TheNewswire - May 14, 2024 ? Harvest Gold Corporation (TSXV: HVG) (“ Harvest Gold ” or the “ Company ”) is pleased to announcethat the Company has completed an extensive 1,574 line-kmhigh-resolution helicopter survey, covering 68.61 km 2 over its Urban Barry-Projectlocated in the Urban Barry region of Quebec (Figure 1).
The helicopter-borne system utilized dual laser optically pumpedmagnetic sensors providing 1,000 measurements per second (1,000 Hz)from a “stinger” mounted at the front of a Guimbal G2 lighthelicopter. The survey was conducted with 50 m line separation and 500m control lines spacing, maintaining a consistent minimum elevation of15 metres above the ground to optimize data quality (Figure 2).
Rick Mark, President and CEO of HarvestGold states: “We have been updating our shareholders and the marketon the airborne magnetic survey at our flagship property, Mosseau.Today, we begin to report on our nearby, 100% owned Urban-Barryproject. This geologically similar property is largely till coveredand has had little historical exploration. These initial highresolution mag results confirm several cross cutting structures, wheregold tends to accumulate, which will guide us as we consider nextsteps on the ground.”
Upcoming compilation work will include incorporating the recentmagnetic data with the LiDAR and topographic digital elevation modelto identify mineralized shear zones and cross cutting faults. Themagnetic data will also be used to update the geology map and identifykey stratigraphic contacts and structures along an 18-km strike thattraverses the entire length of the property.
Louis Martin, Senior Technical Consultant of Harvest Gold remarked:“The quality of data obtained from this high-resolution magneticsurvey far surpasses that of previous regional surveys conducted bythe government as shown in Figure 3. With this advanced dataset, wecan now interpret the underlying geology with greater confidence andprecision, enhancing our understanding of key structural features suchas shear zones and faults.”
The Urban-Barry property is being developed in conjunction withHarvest Gold’s nearby Mosseau property, located 15 km to thesouthwest. Both properties are located in the Urban Barry region ofthe Abitibi and characterized by favourable volcanic rocks and theWilson pluton.
2024 Airborne Magnetic Survey
The high-resolution airborne magnetic survey over Harvest Gold’sUrban Barry property was conducted by Novatem Airborne Geophysics(“ Novatem ”) of MontSaint-Hilaire, Quebec. The project is located 39 km east of the townof Lebel-sur-Quevillon. The survey was completed between March 27thand April 1st, 2024. The survey covered a total area of 68.61 km 2 and included 1,574 line-km.Novatem ensured rigorous onsite data processing and quality control,in addition to providing both preliminary and final survey products.
Figure 1: Harvest Gold Projects inthe Urban Barry Area
Click Image To View Full Size Figure 2: Magnetic coverage of Urban Barry Project
Click Image To View Full Size Figure 3: Comparison in resolution between 2024 Harvest Goldmagnetic survey and Quebec Government regional magnetic surveycompleted between 1970 and 1990.
Qualified Person Disclosure
The disclosure of technical or scientific information in this pressrelease has been reviewed and approved by Louis Martin, P.Geo. (OGQ364), Qualified Person for Harvest Gold. Mr. Martin serves 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 surface gold depositsand copper-gold porphyry deposits in politically stable miningjurisdictions. Harvest Gold’s board of directors, management teamand technical advisors have collective geological and financingexperience exceeding 400 years.
Harvest Gold has three active gold projects focused inthe Urban Barry area, totalling 329 claims covering 17,539.25ha , located approximately 45-70 km east of Osisko-GoldFields Windfall Deposit.
Harvest Gold acknowledges that the Mosseau Gold Projectstraddles the Eeyou Istchee-James Bay andAbitibi territories. Harvest Gold is committed to developingpositive and mutually beneficial relationships based on respect andtransparency 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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