Harvest Gold Corporation (HVG – TSX.V) July
26, 2007
(the “Company”), along with its joint venture partner, Christopher James
Gold
Corp. (CJG – TSX.V), has completed its first phase drilling program at
its
Garcia Flats gold project located at the southern extension of the
Carlin Trend
in north-central Nevada. Three holes totaling 5385 feet (1641 m) were
drilled
with a flooded reverse circulation drill rig. Gold assay and
multielement
geochemical results are pending.
One-hundred seven new claims have been
located,
expanding the property to the north, west, and east. The Garcia Flats
project
now comprises 357 unpatented mining claims covering approximately 29.8
square
kilometers (approximately 7400 acres) in two claim blocks within a
covered
pediment setting.
This initial drill test of the Garcia Flats property intersected
hydrothermal
alteration beneath alluvial and volcanic cover in two of the three
holes. Gold
assays and multielement geochemistry are pending for all holes.
Paleozoic
bedrock was reached in all three holes at depths ranging from 730-1660
feet
(223-506 m). These rocks consist of calcareous sandstone, calcareous
siltstone,
and limestone intruded by felsic dikes. Faults were intersected in two
of the
holes as evidenced by breccia and gouge zones.
Three drill hole
locations
drilled on Garcia Flats property.
Hydrothermal alteration was encountered in two holes, GFR-1 and GFR-3.
Alteration includes decalcification, skarn, and fine grained
disseminated pyrite
in the sedimentary rocks and propylitic and argillic alteration in
igneous
rocks. Sulfides are dominantly fine-grained pyrite with lesser
medium-grained
pyrite; fine-grained chalcopyrite is also present in some intervals. .
Drill targets at Garcia Flats have been delineated by evaluating
coincident
geochemical and geophysical anomalies generated by enzyme leach,
gravity, and
magnetic surveys. Three main target zones have been identified; the
largest of
these is 3,280 feet (1,000 m) wide and 11,480 feet (3,500 m) long. These
dimensions rival the sizes of the largest Carlin-type systems in Nevada.
The
geologic environment in which these targets occur is considered to be
very
prospective for the discovery of concealed Carlin-type mineralization.
To view
Garcia Flats data on our website, please visit
http://harvestgoldcorp.com.
Christopher James Gold Corp(CJG-TSV.V) has the option to earn an
undivided 70%
interest in the property by expending a total of $2,500,000 on
exploration and
issuing a total of 225,000 shares of CJG to the Company over three
years,
including expenditures of at least $500,000 in year one.
The contents of this news release have been
reviewed
by Gregory T. Hill, CPG, a qualified person as defined by NI 43-101.
Harvest Gold Corporation is a gold focused exploration company working
in
Nevada, USA and Manitoba, Canada. In Nevada, the Company is exploring a
large
generative gold property at Garcia Flats in the South Carlin Trend, an
advanced
property with a gold-silver resource at the Longstreet Mine, in Northern
Nye
County, and the Rosebud Mine Project, a past producing mine in northwest
Nevada.
Harvest is also exploring claims in Manitoba, Canada at the Rice Lake
Gold Belt,
the Rocky Ridge Gold property in the Lac du Bonnet mining district, and
is Joint
Ventured with Canadian Gold Hunter Corp (CGH.TSX) at the Assean Lake
Gold
Project.
ON BEHALF OF THE BOARD
Rick Mark
CEO & Chairman
For further information contact:
Keith Patey, Director of
Communications
Telephone: (604) 986-2020
Toll Free: 1-866-816-0118 |
Michael Starogiannis
First Canadian Capital
Telephone: (416) 742-5600
Toll Free: 1-866-580-8891
|
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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