Harvest Gold Receives Preliminary Maps from Airborne Magnetic Survey over its 100% owned Emerson Property

2021-02-10 / @thenewswire

(TheNewswire)

Vancouver, British Columbia – TheNewswire - February 10, 2021 - Harvest Gold Corporation (TSXV:HVG) (OTC:HVGDF) (“Harvest Gold” or the “Company”) announces that it has received the preliminary maps from its January 2021 airborne magnetic survey flown by Precision GeoSurveys, Inc. over its Central B.C. Emerson property.

Mr. Rick Mark, President and CEO of Harvest Gold states, “We can now begin the process of informing the market of new data from today’s newest exploration technologies that will guide our excellent Geoscience team in ultimately identifying drill targets on all three 100% owned B.C. Properties. Today’s release uses the Preliminary Airborne data to help us to begin to better understand the potential Gold bearing structures at Emerson, our flagship Gold property.

Mr. Henry Awmack, Property co-vendor and member of Harvest Gold’s Geoscience advisory board, states: “We have begun expanding our knowledge from the known to the unknown with this initial airborne magnetics data. We already knew that our subcrop and historic trenching work covers an area approximately 1000 m in diameter, giving indications of the presence of a mineralizing system similar to Atremis Gold Inc’s Blackwater gold deposit. The first significant thing this preliminary airborne magnetic data tells us is that the moderate magnetic low which characterizes the alteration and mineralization in the area of historic trenching extends northwesterly over a much larger area. We now know it measures approximately 1700 m x 3000 m and remains open to the northwest, which is a very encouraging first step.”

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Readers should note that an historic Induced Polarization geophysical survey noted on the map, showed definite and probable chargeability anomalies within part of this area, but was limited in scope and did not extend over the area of the entire magnetic low.

Additional processing of the aerial magnetics data is expected to be completed before the end of February and will include: Reduced-to-pole; Analytic signal; Downward continuation; Upward continuation; Horizontal gradient; Tilt angle; Vertical derivative; Unconstrained inversion; and Structure Detection Filter. These products will aid Harvest’s exploration efforts by extending lithologies and alteration under cover and, ultimately in targeting drill holes.

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’s Board of Directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

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
@ 604.682.2928 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 Corporation (the “Company”) 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 includes 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.