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Harvest Gold Acquires South Carlin
Trend Property
March 30, 2006
Harvest Gold Corporation (HVG – TSX.V) March 30,
2006 (the “Company”) is pleased to announce that the company has signed a letter
of intent to acquire a 100% interest in the Garcia Flats property in Nevada from
Churnhill Gold LLC. The property is located at the southern extension of the
Carlin Trend in Elko County, Nevada. Garcia Flats is located approximately 40
km south of Newmont’s Rain mine and 35 km northwest of Barrick’s Bald Mountain
mine. The property comprises 72 unpatented mining claims covering 5.8 square
kilometers (1,440 acres).
The project was acquired following the positive
results of the regional soil geochemical survey undertaken by the property
vendor, Greg Hill, M.Sc. Geol., utilizing broadly spaced (500 meters) sample
sites over an area exhibiting the various geologic criteria associated with
Carlin Trend gold deposits. Mr. Hill’s program was designed to identify a new
district size gold target on the south Carlin Trend in Elko County, Nevada.
Garcia Flats is structurally complex situated
along a major northwest-trending fault zone that extends towards the Bald
Mountain district to the southeast. The Roberts Mountains thrust projects under
shallow cover and contains anomalous soil geochemistry gold values with
significant responses in pathfinder elements: arsenic, antimony and other
metals.
The lower plate rocks, of the Webb/Devils Gate
contact occurs to the north of the property throughout the Pinon range where it
is mineralized in many places and acts as the main ore host at Rain. The
contact is present to the southwest and southeast of the property, and is
believed to be present beneath the Garcia Flats claims block. Eocene age
volcanic rocks also exist on the property, indicating local igneous activity,
during the time of gold mineralization on the Carlin Trend.
Harvest Gold will acquire additional gravity data
and execute a more detailed geochemical survey. The company expects this will
provide specific gold targets for initial drill testing. The technical
information in this release has been reviewed by Dr. George Gale, P Eng.
Qualified Person Vice President Exploration.
An initial payment of $10,000 has been made and
25,000 shares of the company will be issued to the vendor. The Company may earn
a 100% interest upon completion of a schedule of property payments totaling
$40,000, the issuance of 300,000 shares and exploration expenditures of $400,000
over a 4 year period.
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 web site 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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