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News Release - |
Harvest Gold Completes Drilling Gold
Targets at Lesavage North Property,
Rice Lake Gold Belt, Manitoba
August 10, 2006
Harvest Gold Corporation (HVG – TSX.V) August 10, 2006 (the
“Company”) is pleased to announce that its summer 2006 diamond drilling program
on the Lesavage North Property, in the Rice Lake Gold Belt, Manitoba is now
complete. A total of 1402 meters of diamond drilling were completed in 6 drill
holes testing the strike extent of the Red Hill gold zone. The drill plan was
designed to test for gold mineralization a further 400m to the east of the
October 2005 discovery drill hole (DH HG-05-01) and approximately 65 meters
beneath the mineralization discovered at that time. The drill plan was also
designed to test a broad IP geophysical anomaly coincident with earlier
discovered trace element geochemical anomalies that overly the gold zone.
The drill holes were positioned 100m apart and dipping -45 degrees and ranged
from 177 m to 311 m in length. The drill core is now being logged and samples
are being cut and shipped to TSL Laboratories in Saskatoon, Saskatchewan for
analysis. The Company’s first drill program on the property, in October 2005,
tested targets at the west end of the anomaly. It resulted in the discovery of
the Red Hill gold zone and reported up to 7.5 g/t Au over 2 metres in hole
L-05-01 and multiple lower grades intervals of 3.4 g/t gold or less in adjacent
holes. (See January 18, 2006 Press release)
The gold discovered at Red Hill is associated with very fine grained pyrite and
arsenopyrite within a zone of ankerite (iron-magnesium carbonate) and silica
alteration, which is found in association with many gold deposits. Other
occurrences of the same type of alteration are located in a large fold structure
and in a regional shear zone crossing through the property. This shear zone is
part of a major crustal break that extends east through the world-class Red Lake
Gold Camp in Ontario 80 km to the east.
In addition to the drilling, the Company completed a field program over the Red
Hill zone extending the surveys approximately 1.5 km to the east. The program
included 20 line kilometers of new grid lines, 16 line kilometers of IP
geophysics and the collection of approximately 300 geochemical samples. This
work has led the exploration team into a second area where the IP geophysical
survey has identified several strong anomalies. Geochemical samples have been
taken over the new anomalies and these samples will be used to prioritize
targets for further drill testing.
The Company has posted a series of pictures taken during the drill program which
are available on the Company website at
www.harvestgoldcorp.com/investors.html
Harvest Gold Corporation is a mineral 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 and 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
of south eastern Manitoba and at Assean Lake, Manitoba.
The contents of this press release have been reviewed by the Company's VP
Exploration, Dr. George Gale, who is a Qualified Person as defined by NI 43-101.
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 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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