Harvest Gold Corporation (HVG – TSX.V)
October 23,
2007 (the “Company”) along with its joint venture partner, Christopher
James
Gold Corporation (CJG – TSX.V) have received gold fire assays, trace
element
geochemical results, and initial petrographic results from the first
phase
drilling program at the 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.
Christopher James Gold Corp. Company President, Dr. Max Baker, states:
“The
three drill holes at Garcia Flats were positioned to test an enzyme
leach
geochemical anomaly, which was interpreted as the surface expression of a
possible buried Carlin-type gold deposit. All three holes encountered
what
appears to be an epithermal-type alteration within what are interpreted
as
Eocene volcanics and interbedded limestones and volcanoclastics. The
mineralization, which was intersected under several hundred metres of
pediment
cover, is low-grade and associated with anomalous gold and a suite of
path-finder elements typical of both Carlin- and Epithermal-type
mineralization.
While we did not intersect potentially economic-grade Carlin-Type
mineralization, we are very encouraged that the Enzyme Leach
geochemistry was
able to detect low-grade gold mineralization concealed under several
hundred
metres of cover. Because of this success, we have agreed in principle
with
Harvest Gold Corp to create a Joint Venture designed to seek out
additional
pediment exploration opportunities in Nevada.”
A high of 0.08 grams/tonne (“g/t”) gold (Au) was intersected in reverse
circulation (r/c) hole GFR-3 at 1615-1620 feet (492-494 m). This occurs
at the
top of a zone of hydrothermal carbonate replacing felsic volcanic and
volcaniclastic rocks and appears to be within a transition zone between
volcanic
rocks above and volcaniclastic rocks below. Limestone occurs from 1700
feet (518
m) to the bottom of the hole at 2255 feet (687 m) and contains several
five foot
intercepts with weakly anomalous gold, arsenic, antimony, molybdenum,
tellurium
and mercury.
Approximately 1050 feet (320 m) to the west, r/c hole GFR-2 contains
three
separate five foot intercepts in carbonate-altered volcaniclastic units
ranging
from 0.024 g/t to 0.039 g/t Au at 1625-1630 feet (495-497 m), 1680-1685
feet
(512-514 m), and 1700-1705 feet (518-520 m) respectively. The
mineralized
intercept is strongly anomalous in barium and weakly anomalous in
thallium.
Reverse circulation hole GFR-1 is approximately 4080 feet (1244 m) east
of r/c
hole GFR-3 and includes a broad zone from 690 feet (210 m) to 910 feet
(277 m)
that is anomalous in gold, arsenic, mercury, molybdenum, antimony,
thallium,
selenium, and barium. This anomalous geochemistry is hosted in limestone
and
carbonate-altered sedimentary and/or volcaniclastic rocks in the
footwall of an
interpreted fault zone.
Drill targets at Garcia Flats were delineated by evaluating
coincident enzyme
leach geochemical anomalies with gravity, and magnetic features, in a
geologic
environment considered favorable for Carlin-type mineralization. The
Eocene
Volcanics and intercalated sediments which host the intersected
mineralization
are not the typical host assemblage for Carlin-type mineralization,
however the
interpreted age of the host-rocks and the associated mineralization is
similar
to that of typical Carlin-type deposits.
About the Garcia Flats Gold Project
The Garcia Flats project comprises 250 unpatented mining claims covering
approximately 20 square kilometers (approximately 4940 acres) in two
claim
blocks within a covered pediment setting.
The Company has the option to earn an undivided 70% interest in the
project by
incurring a total of U.S. $ 2,500,000 in exploration expenditures on the
project, and issuing a total of 225,000 shares of CJG to Harvest Gold
Corp. over
three years, including expenditures of at least U.S. $ 500,000 in year
one.
To view Garcia Flats data, please visit
http://christopherjamesgold.com.
Quality Assurance and Control
The first phase drilling program and interpretation of data was
conducted under
the supervision of Gregory T. Hill, CPG, a “qualified person” under
National
Instrument 43-101 (“NI 43-101”)
Mineralized intervals reported are down-hole lengths and may not
represent the
true width of mineralization: grades are reported as weighed averages;
drill
chip recoveries were sufficiently high that no adjustments were applied
to
reported grades to compensate for sample loss.
About Christopher James Gold Corp.
Christopher James Gold Corp. is a Canadian mineral exploration company
trading
on the TSX Venture Exchange under the ticker symbol “CJG”. The Company
currently
has over $ 5.5 million in its treasury and is actively reviewing gold
exploration projects with the potential to develop multi-million ounce
resources.
The Company has the exclusive option to acquire 100% of Guardsmen
Resources
Inc., a private company that owns several highly prospective properties
in
northern British Columbia, including the Ranch and Lawyers properties.
In
southern British Columbia the Company owns 100% of the copper and gold
rights to
the historic Craigmont mine, in addition to 100% ownership of the
Brassie Creek,
Big Kidd, and Portage Lake (Little Fort) gold properties.
About Harvest Gold Corp.
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 OF DIRECTORS
Rick Mark
CEO & Chairman
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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