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News Release - |
Harvest Gold Provides Exploration Update on Garcia Flats
Property in Nevada
June 29, 2006
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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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