Harfang Announces Summer Exploration Plans at Its GOLD and Csm Properties IN Eeyou Istchee James BAY, Quebec
NEWS
RELEASE
HARFANG ANNOUNCES SUMMER EXPLORATION PLANS AT ITS GOLD
AND CSM PROPERTIES IN EEYOU ISTCHEE JAMES BAY, QUEBEC
MONTREAL, May 30th, 2024 - Harfang Exploration Inc. (TSX.V: HAR) (“Harfang” or the “Company”) is pleased to announce
exploration plans for its portfolio of wholly -owned gold and critical and strategic minerals (“CSM”) assets in Eeyou Istchee
James Bay, Quebec (Figure 1).
“This will mark the first field season for the new Harfang team ,” commented Rick Breger, President and CEO of Harfang .
“We have been very busy compiling all the existing geoscience data in preparation for the Summer 2024 exploration
program. The overarching goal of this summer’s program is to gain focus so we can put together a long-term strategic plan.
I believe a proper evaluation of our entire portfolio is of utmost importance before we can begin any discussion on strategy.
As such, we will be focusing on surface exploration which is a cost-effective way to gain the understanding we need before
we can determine next steps.”
“Last summer was tough,” commented Ludovic Bigot, Harfang’s VP Exploration. “The forest fires had an enormous impact on
the land and the entire Cree Nation. In fact, approximately 11% of the land and 60% of the traplines were affected by the
fires. At Harfang, a significant portion of the assets were completely burned, result ing in unprecedent rock exposures that
present a unique opportunity for geological study. We have recently acquired satellite images and have been using this
data to help prioritize existing areas of interest and explore for new ones. While the 2023 forest fires prevented us from
exploring as initially planned, the significant lithium discoveries made during a very short field season open promising
expectations for the upcoming 2024 program.”
Serpent-Radisson:
The summer 2024 exploration program will follow up on the successful 2023 exploration activities when the Company
discovered spodumene in pegmatite dykes, known as the Améliane showing. The Company reported assay results with
highlights including: 4.56% Li2O, and 0.82% Li2O over 20.0 metres, (incl. 1.46% Li2O over 6.0 metres), in a grab and channel
sample, respectively (see news release dated December 6, 2023).
The Summer 2024 program will focus on additional prospecting around known lithium targets and investigating new lithium
targets identified in the recent joint targeting study (see news release dated April 3, 2024) . In addition, t he main gold
discoveries on the central-western portion of the property will be revisited to gain more geological insights. These include the
Stu Zone (6.06 g/t Au over 7.55 metres) and the Goldhawk Zone (2.69 g/t Au over 11.98 metres) (Figure 2).
The overall goal of the Summer 2024 exploration program at Serpent-Radisson is to advance the geological
understanding for both lithium and gold systems, and to identify potential drill targets.
Lac Menarik:
The summer 2024 exploration program will follow up on the winter 2023 drilling program that confirmed broad gold
intervals in a highly altered and brecciated monzonite that are open at depth in the Pierre and Pierre Ouest zones (Figure
3). The Company reported assay results with highlights including: 1.15 g/t Au over 47.0 metres ( incl. 3.75 g/t Au over 7.0
metres), 1.75 g/t Au over 21.0 metres (incl. 2.49 g/t Au over 14.1 metres ), and 0.54 g/t Au over 75.0 metres (see news
release dated May 11, 2023).
The Summer 2024 program includes selective sampling across key alteration zones that were identified in the 2000 and
2023 drill programs. This comprehensive geochemical characterization will enhance the understanding of the alteration
domains controlling the gold distribution, a critical exercise in refining the exploration model and identifying potential drill
targets.
In addition, several promising zones will be prospected, including the Timiskaming-type conglomerate and its associated IP
anomalies, the Greco gold showing (1.04 g/t Au over 24.9 m in a channel sample), the Oswald gold showing (17.3 g/t Au
in a grab sample), and the gold Ankerite zone (see news release dated January 12, 2023).
Menarik Est:
Summer 2024 will mark Harfang’s first exploration program at Menarik Est. The Company has been conducting a
comprehensive historical data review, looking at geophysical surveys and data from more than 200 drill holes totalling
approximately 36,000 metres of drilling. The Menarik Est Zone hosts a non-NI 43-101 compliant resource of 6.34 Mt grading
7.73% Cr2O3, 398 ppb Pd and 105 ppb Pt (Figure 3).
The Summer 2024 exploration program is designed to verify the historical Ni-Cr-Cu-PGE occurrences and investigate several
high-priority areas within the ultramafic Menarik complex.
La Passe, Ewart, and Sakami:
The Company is planning a lithium targeted surface exploration program at La Passe, Ewart and Sakami. This program is
the logical sequence to the ongoing geoscience data review which also includes a pegmatite delineation exercise using newly
acquired satellite images.
Qualified Person
Ludovic Bigot, P.Geo., VP Exploration of Harfang, has reviewed and approved the technical information contained in this
news release. Mr. Bigot is a qualified person within the meaning of National Instrument 43 -101 on standards of disclosure
for mineral projects.
About Harfang Exploration Inc.
Harfang Exploration Inc. is a well- financed technically driven mineral exploration company with the primary mission to
discover ore deposits in Québec and Ontario. The Company is managed by an experienced team of industry professionals
with a proven track record of success and controls a portfolio of highly prospective projects . Harfang is dedicated to best
practices through engagement with all stakeholders and commitment to the environment.
For further information, please contact:
Rick Breger, P.Geo.
President and CEO
Cautionary Statement Regarding Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans
and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks
and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements
or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could
cause actual results to differ materially from these forward-looking statements as well as future results. Although Harfang believes that the
expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward- looking
statements will prove to be correct. Except as required by law, Harfang disclaims any intention and assumes no obligation to update or revise
any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes
in factors affecting such forward-looking statements or otherwise.
Neither the 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.
Figure 1 – Location map of wholly-owned gold and CSM assets.
Figure 2 –Gold and CSM showings at Serpent-Radisson.
Figure 3 – Gold and CSM showings at Lac Menarik and Menarik Est.