(TheNewswire)
Vancouver, British Columbia / April 18, 2024 – TheNewswire – Harvest Gold Corporation (TSXV: HVG)(“ Harvest Gold ” or the “ Company ”) is pleased to announcethat the Company has completed a 1,646 line-km high-resolutionhelicopter survey, covering 71.36 km 2 over its Mosseau Project located in the Urban Barry regionof Quebec.
The helicopter-borne system included two 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 completed with 50 m lines and 500 m controllines spacing and at a minimum survey drape elevation of 15 m abovethe ground (Figure 1).
Harvest Gold Senior Technical Consultant Louis Martin states:“Today’s release shows the new Total Field Magnetics map overlaidwith the known historical gold showings at Mosseau. We also comparetoday’s magnetics map with the Quebec government regional magneticsmap flown between 1970-1990 using the technology of the day (Figure2). We are now compiling Mousseau’s historical exploration databaseswith this new, more precise data to guide our exploration programplanning. This will provide us much better clarity on the key elementsof the geological stratigraphy, shear zones, faults, spatialpositioning and the continuity of the numerous gold showings.”
Airborne Magnetic SurveyHighlights
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Enhanced AeromagneticResolution: The survey was completed with 50 m line spacing andat a minimum survey drape elevation of 15 m above the ground. Theadvantage of a single continuous survey is that it does not requirethe merging of various digital datasets of different scales andresolutions. (Government regional survey included flight lines at 200m spacing and survey height of 120 m).
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Increased GeologicalUnderstanding: The survey provides a much better definition ofthe important mineralized contact between volcanic and intrusive rocksalong with folding on the property.
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Mineralized Structures: Thecombination of the Mag survey and known gold showings provides betterdefinition and continuity of mineralized horizons when known mineralshowings are incorporated. The survey also aids in the identificationof significant NE cross cutting features potentially controllingmineralization.
Harvest Gold President and CEO Rick Mark states: “We are pleased toprovide investors with the results of this state-of-the-art,high-resolution magnetic survey that will serve as a cornerstone toour upcoming explorations programs. We expect the compilation workwill define extensions of known mineralization and identifysignificant new gold targets along the 18 km strike running the lengthof the property.”
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. Once the various datasetsare assembled, the numerous mineralized showings as defined by diamonddrilling and surface samples will be included and will define lateralextensions of the mineral horizons.
Planned fieldwork for the summer 2024 includes a property wide soilgeochem program and prospecting across the Mosseau property.
2024 Airborne Magnetic Survey
The high-resolution airborne magnetic survey over Harvest Gold’sflagship Mosseau property was completed by Novatem Airborne Geophysicsbased out of Mont Saint-Hilaire, Quebec. The project is located 18 kmeast of the town of Lebel-sur-Quevillon. The survey was completedbetween March 26 th andMarch 29 th , 2024. Thesurvey covered a total area of 53.6 km 2 and included 1,646 line-km.Novatem provided preliminary processing and quality control of thegeophysical data on site as well as the preparation and supply ofpreliminary and final products.
Click Image To View Full Size Figure 1: Magnetic coverage of Mosseau Project
Click Image To View Full Size Figure 2: 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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