Harfang Enhances Its Property Portfolio
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HARFANG ENHANCES ITS PROPERTY PORTFOLIO
Montreal, October 11, 2017. Harfang Exploration inc. (“ Harfang”) (TSX -V: HAR) is pleased
to announce a new acquisition which strengthens its property portfolio in the James Bay area.
Acquisition of the Serpent Property
Harfang staked by map designation 255 mining claims totaling 13,500 ha ( 100% owned by
Harfang) and comprising the Serpent p roperty. The property is located in the James Bay area,
90 km SSE of the Radisson v illage and just 11 km east of the James Bay Road. The eastern
limit of the Serpent Property is contiguous to the Sakami gold project (Canada Strategic Metals
Inc./Matamec Exploration Inc.).
Reconnaissance exploration conducted during summer 2017 by a team of Harfang geologists
was carried out by float plane following a favorable east -west gold bearing structure. A total of
133 grab samples were collected principally from foliated tonalite and gneissic tonalite outcrops.
Gold and copper mineralization were recognized and sampled fro m rusty pyri te-chalcopyrite-
bearing gneissic and foliated tonalites accompanied by quartz veins. Assay results revealed six
samples having Au concentrations > 500 ppb, with three samples showing values > 1 g/t Au;
1.77, 2.60 and 4.11 g/t, respectively. The gold sample s were collected from strongly deformed
and sheared orthogneissic tonalite rocks injected with pyrite -rich quartz veins and veinlets.
Copper and gold mineralization are commonly associated with copper assay values
ranging from 0.03 to 2.11 % Cu. The Cu -Au mineralized sites represent new discoveries,
distributed in four areas, within the La Grande subprovince plutonic rocks near the contact with
the Opinaca metasedimentary subprovince. Figure showing the location of the new gold
showings can be consulted using the following link:
http://www.harfangexploration.com/app/uploads/2017/10/Serpent-PR-2017-10-11.pdf
This recent transaction is in direct line with Harfang’s project generation strategy to acquire
grassroots properties with high potential of gold discovery.
Sale of the Vauquelin West Property
Harfang also announces the sale of the Vauquelin West Property claims to C halice Gold Mines
(Quebec) Inc. (“Chalice Gold”). The property consists of 16 continuous mining claims totaling
an area of 6.16 ha located within near Louvicourt, Quebec. The sale was made for a cash
consideration of $66,000. Harfang will retain a royalty of 2% of the net smelter returns in respect
of minerals recovered from production (the “NSR Royalty”). Chalice Gold shall have the option
to buy back half of the NSR Royalty (i.e. 1%) for $1,000,000.
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About Harfang
Harfang Exploration Inc. is a mining exploration company whose primary mission is to discover
new gold districts in the province of Quebec. Harfang ’s development model is based on the
generation of new mining projects and on the establishment of partnerships with major
exploration and mining companies to advance its mining projects.
This press release has been prepared by François Goulet, P.Geo., President and CEO, a
“qualified person” as defined by NI 43 -101. For further information, please consult Harfang’s
website or contact:
François Goulet, President and Chief Executive Officer
Tel: 514 940-0670 #339
Email : [email protected]
Web : www.harfangexploration.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.
This press release may co ntain forward -looking statements that are subject to known and
unknown risks and uncertainties that could cause actual results to vary materially from targeted
results. Such risks and uncertainties inc lude those described in Harfang’s periodic reports
including the annual report or in the filings made by Harfang from time to time with securities
regulatory authorities.