Rosebud & RW Projects, Nevada USA

Rosebud Mine Project

Harvest Gold sold its Rosebud Gold Mine Project to Rosebud LLC in 2015. As part of the agreement, Harvest Gold will receive $1,000,000 CDN if, and when, Rosebud LLC successfully completes a mine construction financing.

The Rosebud Gold Mine Project consists of 54 claims (approximately 1,067 acres) centered on and surrounding the former Rosebud Mine. The property package is in northwest Nevada approximately five miles to the south of the Hycroft Mine which has produced more than 1,000,000 oz Au, 2,000,000 oz Ag and has recently resumed production. Rosebud is part of a large, robust, low-sulfidation hydrothermal system that extends throughout most of the Kamma Mountains.

RW Project

Harvest Gold’s RW property in Eureka County, Nevada consists of 29 unpatented lode mining claims, covering approximately 0.94 square miles (242.44 ha). The claims were staked by Harvest Gold in September 2010 and were the subject of an Option to Purchase Agreement with Kinetic Gold (US) Inc., (“Kinetic”) a Nevada Corporation.

The RW claims lie from two to four miles south of the south flank of the Roberts Mountains in the northeast part of Kobeh Valley. Eight Carlin-type deposits have been discovered in the Roberts Mountains and approximately 588,000 oz gold have been produced from the Gold Bar, Gold Pick/Gold Ridge, Gold Canyon and Gold Stone mines.

The RW claims lie approximately six miles (10 km) east-southeast of the Gold Bar Mine and about 5 miles (8 km) south-southeast of the Gold Pick and Gold Ridge mines.

On June 1, 2019, the Company entered into a royalty agreement with Kinetic whereby the Company received a 1% net smelter royalty on 29 RW claims. In 2020, Renaissance Exploration, Inc. successor by merger of Kinetic Gold (US) Inc. sold the project to Ivy Minerals Inc., a private Idaho Corporation, which assumed the royalty obligation.