Harvest Gold
Corporation (HVG – TSX.V) May 4, 2006 (the “Company”) is pleased to
announce
that exploration activities leading up to its planned June, 2006 drill
program
at the “The Red Hill Zone” on the Company’s Johnston property in the
Rice Lake
Gold Belt near Bissett, Manitoba have begun.
In October, 2005
the company undertook reconnaissance geological mapping, a soil
geochemical
survey and a 5 hole diamond drill program on a portion of its Johnston
Claims
property in the Rice Lake Gold Belt. This program resulted in the
discovery of a
new zone of gold mineralization with up to 7.5 g/t Au over 2 m in one
drill hole
and multiple lower grades of gold in adjacent holes. (See January 18,
2006
Press release) The Red Hill Zone is open at depth and along strike,
and
follow-up geochemistry indicates that the mineralization continues for
at least
another 500 m to the east of the program’s last drill hole.
Line cutters will
lay out a 100 m spaced grid extending 2 kilometers in length which will
cover
the ‘Red Hill Zone’ and the known eastern extent of the related
alteration zone.
This zone of strong iron carbonate alteration occurs in rocks that are
identified as the same age and type as the Balmer Formation rocks that
host over
90% of the gold deposits in the Red Lake, Ontario district, including
the
Goldcorp Mine. The gold-bearing alteration at the Red Hill Zone is
typical of
the ankerite (iron-magnesium carbonate) found in association with most
of the
gold deposits in the Red Lake District. Other occurrences of the same
type of
alteration on the property occur within a large fold structure and a
regional
shear zone that has been mapped by government geologists to extend all
the way
to Red Lake.
Matrix Geochemical
Services of Toronto, Canada has been hired to conduct a 3-dimensional
Induced
Polarization (IP) survey over the new grid area. This work is expected
to start
next week and be completed before the end of May. This survey is
intended to
determine the subsurface extent and plunge of the mineralized zone in
areas of
no outcrop. The results will assist the company’s geologists in
determining the
best places to locate the second tier of drill holes, because the gold
is
associated with very fine grained pyrite and arsenopyrite, which respond
well to
this IP survey method. The survey may also identify additional
mineralization in
the area, as this type of gold deposit often occurs in clusters and may
contain
individual high grade shoots.
Drilling on the
Red Hill Zone is planned to begin in June. Eight holes are scheduled to
target
the open eastward extension of the known zone and the new geochemical
anomalies
for a distance of approximately 500 meters to the east of DDH 05-01. In
addition, three holes are slated to test the down dip extent of the
presently
known gold-bearing mineralization. The 2005 drill program tested the
zone to a
maximum depth of approximately 120 m.
The property
vendor, Steve Lesavage, made several gold discoveries on the western
portion of
the property over a 25 year period of exploration. His historical data
base
includes surface and airborne geophysical surveys, surface geochemical
surveys,
and diamond drilling programs. One of these discoveries, located
approximately
one Km west of , and along the same shear zone as, the Red Hill Zone,
discovered
5.7 g/t Au over 1.5 m of core length. A review of the historical data
has
identified a number of priority target areas of equal interest to the
Red Hill
Zone, including other areas of carbonate-iron-formation. During the
summer of
2006, detailed geological mapping will be undertaken to accurately
define these
alteration zones. This will be followed by soil geochemical surveys over
zones
of alteration to identify new drill targets.
The contents of
this press release have been reviewed by the Company's VP
Exploration, Dr.
George Gale, a Qualified Person as defined by NI 43-101.
On behalf of the
Board of Directors,
John Roozendaal, B.Sc.
President,
Harvest Gold Corporation
For more information about Harvest Gold
Corporation, please review the
company’s
website at
www.harvestgoldcorp.com or speak with a Company representative
at 1-866-816-0118 or 604-986-2020
The TSX Venture Exchange
has not reviewed this press release and does not accept responsibility
for the
adequacy or accuracy of this release.
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