Harvest Gold Corporation (HVG – TSX.V) June
29,
2006 (the “Company”) is pleased to announce that it has received
detailed soil
geochemistry results from the first round of soil sampling on its Garcia
Flats
property. The company has also acquired detailed gravity data to assist
in its
planning for an anticipated fall, 2006 drill program.
Garcia Flats is located at the southern
extension
of the Carlin Trend in Elko County, Nevada and comprises 198 unpatented
mining
claims covering 16 square kilometers (3960 acres) in two claim blocks
within a
covered pediment setting.
Detailed gravity data has been acquired for
the
project area and these are currently being interpreted by one of our
Nevada-based geophysical consultants. In addition to revealing major
structures, these data will allow us to more accurately determine the
depth to
bedrock and understand the morphology of the bedrock surface.
Nearly half of the 126 new soil samples
contain
gold responses and these, combined with pathfinder elements and initial
gravity
data interpretation, have defined a significant gold anomaly in one of
the
shallowest part of the property. The anomaly covers an area
approximately
500-700 meters long and several hundred meters wide and features a
northwest-trending zone of gold above the interpreted southwest flank of
a
buried horst block. North and northwest-trending buried faults are
interpreted
from the geophysics and geochemistry and are thought to place controls
on the
anomaly. These structural orientations are important controls on gold
mineralization at many Carlin-type deposits, including those in the Rain
district.
The 126 soil samples represent approximately
ten
percent of the total planned for the current soil geochemistry program.
The
level of gold responses in this set of samples compares favorably to
those
obtained in orientation soil surveys carried out at Carlin-type mines
over the
past ten years.
A second set of 325 samples extending the
grid to
the south and west is currently in the lab and results are expected
soon. Upon
the completion of all sampling, the soil survey will cover both claim
blocks at
spacing of 100 meter by 100 meter in an area previously covered by a 500
meter
by 500 meter soil grid that revealed several gold and pathfinder element
anomalies. The samples are being analyzed by enzyme leach, a
geochemical method
capable of detecting vertical leakage through post-mineral alluvial
cover.
Greg Hill, M.Sc., Vice President Harvest
Gold
Corp. (U.S.) states “We are encouraged by the geochemical and
geophysical data
received at Garcia Flats. They indicate important compositional and
structural
similarities to many Carlin-type deposits in an area with favorable
geology for
Carlin systems.”
Harvest Gold Corporation is a mineral
exploration
company working in the mining friendly jurisdictions of Nevada, USA and
Manitoba, Canada. In Nevada, Harvest is exploring a large generative
gold
property at Garcia Flats in the South Carlin Trend and has an advanced
property
with a gold-silver resource at the Longstreet Mine, in Northern Nye
County. In
Manitoba, Harvest is exploring three groups of claims in the Rice Lake
Gold Belt
in SE Manitoba and is the JV partner of Canadian Gold Hunter (CGH.T) at
Assean
Lake, near Split Lake, Manitoba.
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,
Rick Mark,
BA(Ed), M.Ed (Admin).
Chairman and CEO,
Harvest Gold Corporation
For more information about Harvest
Gold
Corporation, please review the company’s website 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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