Harvest Gold Provides Exploration Program Update

2021-08-25 / @thenewswire

(TheNewswire)

Vancouver, British Columbia – TheNewswire - August 25, 2021 – Harvest Gold Corporation (“Harvest”, “Harvest Gold” or the “Company”) (TSXV:HVG) (OTC:HVGDF) is pleased to provide an update on its rock chip and grab samples and its upcoming IP programs at its 100% owned Au-Cu Emerson Property located in central B.C. The 56 km2 Emerson Property comprises 14 contiguous mineral claims located 15 km west of Houston, B.C. with a nearby railroad, high voltage powerline and gas pipeline.

Rick Mark, Harvest Gold President and CEO, states: “Follow-up prospecting and mapping over areas brushed for the IP survey lines have provided a number of new rock grab samples and uncovered a preserved historic trench inside the 1.4 x 0.9 km QSP Zone (Figure 1). The trench reveals intense silica-clay-pyrite alteration which confirms the favourable geology encountered in recently drilled, nearby RAB holes and enhances the prospectivity of the main Emerson target area. We have now completed all preparations for our IP surveys at Emerson.”

Rock Chip and Grab Samples:

The rock chip and grab samples collected during the RAB drilling and prospecting programs at Emerson will be analyzed by portable XRF and TerraSpec (short-wave infrared spectroscopy) and scrutinized under binocular microscope between August 25th and 31st. The XRF will give preliminary estimates of the pathfinder metals (lead, zinc, silver, copper, molybdenum, arsenic, etc.) in each of the holes while the laboratory analyses are pending. The TerraSpec determines mineralogy of the white micas and clays in RAB chips from each hole; this mineralogy could provide some information about the relative temperature/pH conditions of the hydrothermal fluids accompanying alteration and mineralization and will help vector towards areas of higher gold potential.

IP Surveys Update

- 21 km of brushing and clearing for the upcoming Induced Polarization (“IP”) geophysical survey has been completed.

- The 3D IP survey at Emerson will begin prior to the end of this month.

- Crews will be mobilizing to the Goathorn project this week to begin preparations for 2D IP survey planned to begin September 1

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Figure 1: 2021 preliminary interpreted Quartz-Sericite-Pyrite Alteration Zone

Qualified Person Statement

The disclosure of technical or scientific information in this press release has been reviewed and approved by Warren Bates, P.Geo. Director of Property Investigations for Harvest Gold. Mr. Bates serves as a Qualified Person under the definition of National Instrument 43-101.

About Harvest Gold Corporation

Harvest Gold is focused on the Interior Plateau of British Columbia exploring for near surface Gold deposits and Copper Gold Porphyry deposits. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

Harvest Gold acknowledges that the Emerson and Goathorn Projects are situated in the traditional territory of the Wet’suet’en Nation while the Jacobite Project is situated in the traditional territory of the Lake Babine Nation. Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.

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.

This news release may include technical information that was generated prior to the introduction of National Instrument 43-101. Details of the sampling methods, handling, and quality control methods used in the generation of this historical technical data are unknown to Harvest Gold, and the drill material, assay results, true width of intercepts herein cannot be and have not been verified by the Company’s Qualified Person for the purposes of National Instrument 43-101.

A number of mineral resources or significant occurrences disclosed herein relate to nearby properties owned by other companies, and the data presented have been extracted from these companies’ press releases and websites. A Qualified Person has been unable to verify this information from the adjacent properties, and such results are not necessarily indicative of potential quantities or grades of mineralization on the Company’s properties.

Relating to exploration, the identification of exploration targets and any implied future investigation of such targets on the basis of specific geological, geochemical and geophysical evidence or trends are future-looking and subject to a variety of possible outcomes which may or may not include the discovery, or extension, or termination of mineralization. Further, areas around known mineralized intersections or surface showings may be marked by wording such as “open”, “untested”, “possible extension” or “exploration potential” or by symbols such as “?”. Such wording or symbols should not be construed as a certainty that mineralization continues or that the character of mineralization (e.g. grade or thickness) will remain consistent from a known and measured data point. The key risks related to exploration in general are that chances of identifying economical reserves are extremely small.

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.