GOLD Intersected at San Pedro and Serpiente Dorado Targets at Cerro Cascaron Project IN Mexico; Deeper Drilling C Ontinuing at San Pedro; Assays Pending FOR Last Three Holes
GOLD INTERSECTED AT SAN PEDRO AND SERPIENTE DORADO TARGETS AT
CERRO CASCARON PROJECT IN MEXICO; DEEPER DRILLING C ONTINUING AT
SAN PEDRO; ASSAYS PENDING FOR LAST THREE HOLES
Vancouver, British Columbia / February 14, 2019 – Harvest Gold Corporation (TSX.V: HVG) (the
“ Company ”) is pleased to announce drill results at the Cerr o Cascaron gold and silver project in
southwestern Chihuahua, Mexico. Evrim Resources Co rp. and the Company have completed nine
diamond drill holes to date at Serpiente Dorada, Sa n Pedro and Cascarita for a total of 1,885 metres, with
assay results received from seven drill holes.
Harvest Gold CEO, Rick Mark, states: “The maiden dr ill program at Cerro Cascaron successfully
intersected gold mineralization at both the San Ped ro and Serpiente Dorada areas. Highlights are below .
We are particularly excited about the immediate pro spects for the San Pedro target and have committed
an additional $30,000USD to repurpose our last drill hole to go deeper at San Pedro.”
Harvest Gold Chief Geologist Warren Bates states: “ We have decided to go deeper at San Pedro because
the vein intersected in holes 2 and 3 (SPED19-02 an d SPED19-03) contains banded chalcedonic quartz
and calcite with quartz-healed breccia channels ind icative of multiple phases of vein formation. The
textures suggest a level near to, but above, a boil ing zone (where the best mineralization is to be
expected), so we are targeting a potential minerali zed shoot with better mineralization approximately 100
metres deeper than hole SPED19-03. This fourth hole at San Pedro is underway.”
Assays are pending for three holes, two at San Pedr o and one at Serpiente Dorada, where earlier drilli ng
delineated a significant corridor of alteration containing local high-grade gold mineralization.
Drill Program Highlights
San Pedro
• SPED19-02 intersected 4.8 metres grading 1.02 g/t gold and 13 .0 g/t silver from 141 metres
downhole and 0.35 metres grading 5.39 g/t gold and 23.7 g/t silver from 154.45 metres
downhole.
• SPED19-03 intersected a 2.7-metre-wide quartz vein from 162.6 metres downhole. Assays
are pending.
Serpiente Dorada
• Drill hole SPT18-01 intersected 1.0 metre grading 20.1 grams per tonne (g/t) gold and 22.5
g/t silver from 225.5 metres downhole within 6.5 metres grading 3.29 g/t gold and 6.3 g/t
silver from 224.5 metres.
The true width of the mineralized zones are not known at this stage.
HARVEST GOLD CORP.
Suite 804 – 750 West Pender Street
Vancouver, BC V6C 2T7
T: (604) 682-2928
F: (604) 685-6905
W: www.harvestgoldcorp.com
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Figure 1 – Map of the Cascaron vienfield with Serpi ente Dorada and San Pedro drilling shown
San Pedro Summary
Drilling at San Pedro has intersected a quartz vein beneath the shallow historic workings hosted in
rhyolitic tuff and andesite. Drill hole SPED19-02 intersected a 1.8 metre wide quartz vein within an
approximate 20 metre stockwork zone. The zone incl udes 4.8 metres grading 1.05 g/t gold and 15.8 g/t
silver from 141 metres downhole with a slightly dee per narrow vein returning 0.35 metres grading 5.39
g/t gold and 23.7 g/t silver from 154.45 metres dow nhole. The true width of the structures are not kn own
at this stage. Follow-up drill hole SPED19-03, int ersected a 2.7 metre wide vein from 162.6 metres
within a broader 33.5 metre surrounding stockwork z one. Assays results remain pending for drill hole
SPED19-03.
The vein intersected in holes SPED19-02 and SPED19-03 contains banded chalcedonic quartz and calcite
with quartz-healed breccia channels indicative of multiple phases of vein formation. The textures suggest
a level near to, but above a boiling zone (where th e best mineralization is to be expected) and
subsequently, a fourth hole at San Pedro is planned to target a potential mineralized shoot with bette r
mineralization approximately 100 metres deeper than hole SPED19-03.
In drill hole SPED18-01 located 72 metres to the no rth, the zone consists of a zone of minor calcite a nd
quartz veinlets with strong pathfinder element geoc hemistry but only anomalous gold values, suggesting
that best target will be at depth rather than in vein extensions to the north.
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Figure 2a - Cross section of drill hole at Serpient e Dorada (A-A’) and Figure 2b - Cross section of dr illing at San Pedro
(B-B’)
Serpiente Dorada Summary
Drill hole SPT18-01 targeted the Serpiente Dorada v ein approximately 100 metres below surface. The
hole drilled into a sequence of rhyolitic and andes itic volcanic rocks with overprinting hydrothermal
breccias. A wide zone of silicification and quartz stockwork veining exploits the margins of the brec cias
in the lower half of drill hole SPT18-01 and hosts many narrow low-grade mineralized intersections along
with the highlighted 1.0 metre grading 20.1 g/t gold and 22.5 g/t silver from 225.5 metres downhole. The
true width of the zone of silicification and stockwork quartz veining is not known.
The intersection encountered in SPT18-01 may be a new structure or a splay of the outcropping Serpiente
Dorada structure. A zone of elevated pathfinder el ement geochemistry exists at the base of the hole t hat
corresponds with the projection of the surface expr ession of the Serpiente Dorada structure. A follow -up
drill hole has been designed to target this zone of mineralization approximately 180 metres to the nor th
where the northeast-trending La Julieta vein is interpreted to intersect the Serpiente Dorada structure.
Cascarita Summary
Three drill holes at Cascarita intersected a predominately rhyolitic tuff sequence with zones of
silicification and veining throughout each hole. Veinlets are predominantly crystalline quartz with rare
colloform quartz and no significant results were intersected. The zones of sulphide breccia with high
silver grades at surface were not intersected in drilling.
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Cerro Cascaron Drill Program Summary
A total of nine drill holes have been completed to date with two holes at the Serpiente Dorada, three
holes at San Pedro gold targets, and four at the silver-rich Cascarita target. Assay results remain pending
from three holes, one at at Serpiente Dorada and two at San Pedro.
Significant Intersection Table
Hole From
(m)
To
(m)
Width
(m)
Gold
(g/t)
Silver
(g/t) Comment
SPED18-01 No Significant Result
SPED19-02 141.0 145.8 4.8 1.02 13.0
And 154.45 154.8 0.35 5.39 23.7
SPED19-03 Assays Pending
SPT18-01 224.5 231.0 6.5 3.29 6.3
Including 225.5 226.5 1.0 20.1 22.5
SPT19-02 Assays Pending
Drill Hole Information Table
Hole Easting
(m)
Northing
(m)
Elevation
(m)
Azimuth
(o)
Dip
(o)
Hole Depth
(m)
SPED18 -01 246 ,222 2,949 ,475 1,883 27 0 -45 201.0
SPED19 -02 246 ,222 2,949 ,475 1,883 220 -55 219.0
SPED19 -03 246 ,222 2,949 ,475 1,883 220 -68 216.0
SPT18 -01 248 ,404 2,947 ,705 1,677 270 -64 320.0
SPT19 -02 248 ,370 2,947 ,880 1,733 270 -55 27 0.0
CAS18 -01 240 ,533 2,947 ,389 1,360 060 -45 209.7
CAS18 -02B 240 ,557 2,947 ,29 6 1,301 060 -45 201.0
CAS18 -03 240 ,361 2,947 ,455 1,405 040 -60 200.0
About the Cerro Cascaron Project
The Cerro Cascaron property hosts a low to intermed iate sulphidation epithermal gold system that
includes a gold-bearing vein in the eastern part of the property. Veining has been mapped over 900
vertical metres, with classic textural evidence of hydrothermal boiling accompanying the highest gold
grades. The proposed boiling zone has been established in the upper 380 metres of the vein field. Beneath
the boiling zones, silver and base metal rich veins and breccias provide additional exploration targets.
Cerro Cascaron's setting and mineralization are sim ilar to many epithermal deposits in the Sierra Madr e
Occidental, including Minera Frisco SAB's Ocampo Mi ne to the northwest, Coeur Mining Inc.’s
Palmarejo mine, and First Majestic Silver's San Martin de Bolanos silver mine.
Qualified Person Statement
The disclosure of technical or scientific informati on in this press release has been reviewed and appr oved
by Warren Bates, P.Geo. Chief Geologist for Harvest Gold. Mr. Bates serves as a Qualified Person under
the definition of National Instrument 43-101.
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Core samples were delivered to ALS Global in Hermosillo, Sonora for sample preparation and to the ALS
laboratory in North Vancouver for analysis. The Hermosillo and North Vancouver facilities have ISO/IEC
17025:2017 certification. Field duplicate samples, blank samples and certified reference materials wer e
inserted into the sample sequence each at a frequen cy of one per 20 samples. Samples were assayed for
gold by 30-gram fire assay and multi-element analysis by four-acid and ICP analysis.
About Harvest Gold Corporation
Harvest Gold is a mineral exploration company prese ntly advancing its Cerro Cascaron high grade
gold/silver project in Chihuahua State, Mexico, whe re an initial 3,000 metre drill program is underway .
Harvest can earn up to 80% of the Cerro Cascaron project through its Joint Venture with Evrim Resources
Corp.
Harvest Gold’s Board of Directors and management te am are experienced in successful exploration and
have collective geological and financing experience exceeding 200 years.
ON BEHALF OF THE BOARD OF DIRECTORS:
Rick Mark,
President and CEO
For more information please contact:
Rick Mark or Jan Urata
@ 604.682.2928 or [email protected]
Neither TSX Venture Exchange nor its Regulation Ser vices 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 stateme nts of historical facts, that address events or
developments that Harvest Gold Corporation (the "C ompany“) expects to occur, are forward looking
statements. Forward looking statements are statemen ts that are not historical facts and are generally, but
not always, identified by the words "expects", "pla ns", "anticipates", "believes", "intends", "estimat es",
"projects", "potential" and similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur.
Although the Company believes the expectations expr essed 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 loo king statements. Factors that could cause the actua l
results to differ materially from those in forward looking statements include market prices, exploitat ion
and exploration successes, and continued availabili ty of capital and financing, and general economic,
market or business conditions. Investors are cautio ned that any such statements are not guarantees of
future performance and actual results or developmen ts may differ materially from those projected in th e
forward looking statements. Forward looking stateme nts are based on the beliefs, estimates and opinion s
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 thes e forward looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.