Vancouver, British Columbia / October 14, 2020 ‑ Harvest Gold
Corporation
(TSX.V: HVG) (“Harvest Gold” or the “ Company”) is pleased to announce it has staked two
additional adjoining claims to the south of its Emerson property in the
interior plateau of British Columbia. With the new staking, the Emerson
property has now expanded to over 56 km2 in size.
Henry Awmack, P.Eng., developer of the Emerson, Goathorn, and Jacobite
projects and a member of Harvest Gold’s technical advisory board and
states: “The Emerson property is large enough to cover the Blackwater gold
and New Prosperity porphyry targets as presently envisioned, but prior
staking by David Caulfield and I at the south end of the property did not
include potential anomalies that extend to the south and west off the
current IP grid as shown by the accompanying figure. These are two areas
that Harvest Gold has now added to provide several hundred metres more
coverage.”
Harvest President and CEO Rick Mark states: “Henry is constantly imagining
what Discovery will look like for Harvest Gold and we have followed his
advice to reach further south at Emerson, As well, we are now ready to
expand the audience for our new Harvest Gold story and have posted our
October, 2020 Corporate Presentation and each Property’s Technical
Presentations on the home page of the website at www.harvestgoldcorp.com.”
NEW EMERSON CLAIMS
Emerson Creek Canyon Cu-Au mineralization has been sporadically explored in
Emerson Creek canyon (SE corner of the current Emerson property) since the
1920’s. The best-described program was by Lacana in 1987 who identified a
felsic volcanic package, which appears to be part of the same Kasalka Group
felsic volcanic package that hosts the Blackwater target on the Emerson
property.
Lacana drilled 7 shallow holes with disappointing results, although one
hole hit 0.5 m @ 8.9 g/tonne Au in a clay-altered rhyolite. There was no
geology map with Lacana’s assessment report to the B.C. government, so it
was not clear how extensive the felsic volcanics are in this area. However,
there is a 1966 vintage geology map in the BC government property file that
documents lithologies and their thickness/orientation in the area and
suggests that the felsic package appears >1200 m wide and trends SE,
which fits well with Lacana’s drilling/trenching results. Importantly,
these new Emerson extension claims cover the strike extension of this
Kasalka Group felsic volcanic package as this formation is one key to the
Blackwater story.
Figure 1: Location of New Staking to Expand Coverage of IP Anomalies
Qualified Person Statement
The disclosure of technical or scientific information in this press release
has been reviewed and approved by Warren Bates, P.Geo. Director of Property
Investigations for Harvest Gold. Mr. Bates serves as a Qualified Person
under the definition of National Instrument 43-101.
About Harvest Gold
Harvest Gold is focused on the Interior Plateau of British Columbia
exploring for near surface Gold deposits and Copper Gold Porphyry deposits.
Harvest’s Board of Directors, management team and technical advisors have
collective geological and financing experience exceeding 400 years.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark,
President and CEO
Harvest Gold Corporation
For more information please contact:
Rick Mark or Jan Urata
@ 604.682.2928 or info@harvestgoldcorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release includes certain statements that may be deemed "forward
looking statements". All statements in this news release, other than
statements of historical facts, that address events or developments that
Harvest Gold Corporation (the “Company”) expects to occur, are forward
looking statements. Forward looking statements are statements that are not
historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
This news release includes technical information that was generated prior
to the introduction of National Instrument 43-101. Details of the sampling
methods, handling, and quality control methods used in the generation of
this historical technical data are unknown to Harvest Gold, and the drill
material, assay results, true width of intercepts herein cannot be and have
not been verified by the Company’s Qualified Person for the purposes of
National Instrument 43-101.
A number of mineral resources or significant occurrences disclosed herein
relate to nearby properties owned by other companies, and the data
presented have been extracted from these companies’ press releases and
websites. A Qualified Person has been unable to verify this information
from the adjacent properties, and such results are not necessarily
indicative of potential quantities or grades of mineralization on the
Company’s properties.
Relating to exploration, the identification of exploration targets and any
implied future investigation of such targets on the basis of specific
geological, geochemical and geophysical evidence or trends are
future-looking and subject to a variety of possible outcomes which may or
may not include the discovery, or extension, or termination of
mineralization. Further, areas around known mineralized intersections or
surface showings may be marked by wording such as “open”, “untested”,
“possible extension” or “exploration potential” or by symbols such as “?”.
Such wording or symbols should not be construed as a certainty that
mineralization continues or that the character of mineralization (e.g.
grade or thickness) will remain consistent from a known and measured data
point. The key risks related to exploration in general are that chances of
identifying economical reserves are extremely small.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may
differ materially from those in the forward looking statements. Factors
that could cause the actual results to differ materially from those in
forward looking statements include market prices, exploitation and
exploration successes, and continued availability of capital and financing,
and general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future performance
and actual results or developments may differ materially from those
projected in the forward-looking statements. Forward looking statements are
based on the beliefs, estimates and opinions of the Company’s management on
the date the statements are made. Except as required by securities laws,
the Company undertakes no obligation to update these forward-looking
statements in the event that management's beliefs, estimates or opinions,
or other factors, should change.