Harfang Exploration Unveils Its 2022 Summer Exploration Strategy and Plans
Harfang Exploration Unveils Its 2022 Summer Exploration Strategy and Plans
MONTREAL, June 09, 2022 -- Harfang Exploration Inc. (“Harfang” or the “Company”) (TSX-V: HAR) is pleased to outline its
exploration strategy and plans for the summer phase of activities on its portfolio of projects located in the Eeyou Istchee
James Bay and Abitibi districts of Québec and Ontario ( Figure 1). Armed with a treasury of $10 million, a very experienced
team of explorationists and a portfolio comprised of fourteen (14) highly prospective projects, Harfang is well positioned to
assume a leadership position in these districts.
President and CEO, Ian Campbell commented , “We are excited to initiate our summer 2022 exploration program following the
comprehensive review of our entire portfolio of projects. Whereas our focus had been directed primarily to exploring our
flagship Serpent-Radisson project over the last years, we recognized multiple targets and opportunities on several other
projects that offer considerable potential as near-term value creating catalysts. Our summer program will be a boots on the
ground geologic evaluation with the objective of developing high-priority drill targets on several projects including Serpent-
Radisson, Egan, Lake Ménarik and Ménarik East with Blakelock and Lake Aulneau to follow. We are also excited to be
attending the PDAC next week and meeting you in person at our booth #2953 at the Investors Exchange.”
The Board of the Company has approved a budget of approximately $2 million to advance eight projects over the next five
months. Half of the budget has been allocated to Serpent-Radisson (Québec) where Harfang has discovered >50 gold
showings distributed along a structural corridor for 18 km and open laterally in both directions. The actual reconnaissance
field work has begun where little or no work has been completed in the vicinity of the large gold-in-till and gold-in-bedrock
anomalies and in areas deemed to have favourable structural preparation for large gold deposits. Drill targets will be finalized
on the copper-gold-silver Mista prospect where previous surface mapping has defined a 350-metre long trend grading up to
1.00% Cu, 0.21 g/t Au and 7.9 g/t Ag over 12.9 metres. The best grab sample returned 3.09% Cu, 1.93 g/t Au and 20 g/t
Ag. Grab samples are selective by nature and are not necessarily representative of the mineralized zones. This trend is
coincident with a 650-metre-long induced polarization chargeability axis that has not been drill tested.
The field crew has been mobilized to Egan (Ontario) to complete an expanded soil survey designed to follow-up on the
encouraging first pass work conducted in 2021. This survey will encompass the ground between the E1, E2 and E3 prospects
where multiple high-grade gold occurrences have been identified from grab sampling including results up to 15 g/t Au to over
100 g/t Au collected from a syenitic intrusive complex and surrounding volcanic host rocks. The Company anticipates initiating
a maiden reconnaissance drill program to test this target area later this year.
At Lake Ménarik, previous exploration returned multiple high-grade gold occurrences (grabs up to 1,918 g/t Au and channels
up to 12.5 g/t Au and 25.5 g/t Ag over 3.6 metres ) as well as an intercept of 0.89 g/t Au over 68.3 metres in one of the 17
shallow historic drill holes completed in 2000. Polymetallic mineralization is widespread on Ménarik East and includes a
historic Cr-PGE non-compliant resource and nickel-copper occurrences grading up to 1.88% Ni and 0.35% Cu over
4.5 metres associated with ultramafic rocks (Ressources minières Pro-Or, 2009) as well as intrusive hosted, high-grade gold-
silver structures containing up to 58 g/t Au and 853 g/t Ag from grab sampling. Both projects demonstrate exceptional
exploration potential with the expectation that a drill program will be justified for the winter of 2023.
The Lake Aulneau project, located in the Labrador Trough (Québec), covers a ~20-kilometre-long Proterozoic package of rocks
prospective for copper-nickel-PGE mineralization. Previous exploration identified seven specific prospects and historic drilling
conducted from the 1950’s to late 1980's resulted in an aggregate non-compliant resource of approximately 2 million tonnes
grading 2.0% Cu and 0.50% Ni with PGE’s (Hollinger North Shore, 1976; La Fosse Platinum, 1987). These estimates are
treated as historic information and have not been verified by the Company. These are considered historical mineral resources
and do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as Mineral Resources or Mineral
Reserves as stated in the 2014 CIM Definition Standards on Mineral Resources and Mineral Reserves. Selective sampling of
the historic drill core gave results of up to 12.21 g/t Pt+Pd over 0.50 m (Golden Valley Mines, 2005). Harfang intends to
conduct an initial field inspection of this highly prospective property, which will include prospecting high priority targets and re-
analyzing historic mineralized core, for the purpose of planning the next phase of work.
The next phase of exploration for Blakelock (northeastern Ontario) is scheduled for the 2023 winter season. Work by previous
owners returned encouraging drill intercepts including 10.9 g/t Au and 97.5 g/t Ag over 10.25 metres, and 6.16 g/t Au and
17.7 g/t Ag over 4.55 metres from the Porphyry Creek target. Work by Harfang outlined a sediment package in the southern
portion of the property that represents a prime target area with little drilling. This sedimentary sequence represents the western
extension of the Casa Berardi mine sequence. An induced polarization geophysical survey followed by drilling is planned to
test this horizon.
To view FIGURE 1, please click here.
Qualified Person
The technical and scientific information in this news release has been prepared and approved by François Huot, P.Geo, Vice
President Exploration at Harfang, who is a non-independent qualified person for the technical disclosure as defined by the
National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
About Harfang
Harfang Exploration Inc. is a technically driven mineral exploration company whose primary mission is 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, controls a portfolio of highly prospective projects and has a strong financial position. Harfang is dedicated to best
practices through our engagement with all stakeholders and our commitment to the environment.
For further information, please contact:
Ian Campbell
President and Chief Executive Officer
Tel: 647 680-3820
Email: [email protected]
Web: www.harfangexploration.com
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 the Company 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, the Company 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.