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News Release - |
Harvest Announces Drill Program Commences
on
Garcia Flats Gold Project, Nevada
June 26, 2007
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Harvest Gold Corporation (HVG – TSX.V) June 26, 2007 (the
“Company”) is pleased to announce that it has contracted with Lang Exploration
Drilling to conduct the first phase drilling program at it’s Garcia Flats gold
project located at the southern extension of the Carlin Trend in north-central
Nevada. Drilling has commenced and will continue for up to three weeks. The
project is a joint venture with Christopher James Gold Corporation (CJG –
TSX.V).
A flooded reverse circulation drill rig will be used to
complete an estimated four to six holes totaling approximately 4,400 to 6,400
feet (1,340 to 2,000 m).
Initial drill testing of
the Garcia Flats property will focus on locating hydrothermal alteration and
gold mineralization beneath alluvial cover. The drill targets occur at a
complex structural intersection in which three sizeable target zones have been
developed with dimensions ranging up to 3,280 feet (1,000 m) in width and 11,480
feet (3,500 m) in length. These dimensions rival the sizes of the largest
Carlin-type systems in Nevada. The geologic environment in which these targets
occurs is considered to be very prospective for the discovery of concealed
Carlin-type mineralization
The drill holes will test the Eastern and Central anomalies to
a maximum depth of approximately 2,000 feet (approx. 650 m). The Eastern
anomaly is approximately 3,280 feet (approx.1,000 m) wide and at least 11,480
feet (approx. 3,500 m) long. The Central anomaly is 1,968 feet (approx. 600 m)
wide and at least 5,900 feet (approx. 1,800 m long). These anomalous zones are
adjacent to an interpreted buried intrusion in the southern portion of the claim
block. These anomalies are defined by a combination of Enzyme Leach soil
geochemistry, gravity, and magnetic data. To view Garcia Flats data on our
website, please visit
http://harvestgoldcorp.com/projects_GarciaFlats.html.
Mr. Greg Hill, President of Harvest Gold Corp (US), states “We
are very pleased to begin drill testing in our search for an entirely buried
Carlin-type district at Garcia Flats. Our geochemical methodology has helped us
identify three very large soil gold anomalies on the property. They each display
characteristics similar in orientation and aerial extent to ore trends found at
major Carlin-type gold systems in Nevada. The property occurs in a region of
prospective geology where the interpreted structural and lithologic setting
shares many characteristics with Carlin-type gold systems. Carlin-type
alteration and anomalous gold and pathfinder elements are known on several
adjacent properties within 2-5 kilometers of the property. We hope to find a
large covered system at Garcia Flats.”
The Garcia Flats project comprises 250 unpatented mining
claims covering approximately 20 square kilometers (approximately 5,000 acres)
in two claim blocks within a covered pediment setting. Permitting for this
drilling has been completed and the proposed program has received approval from
the Bureau of Land Management.
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.
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 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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