Harvest Gold and Evrim Resources Complete Drilling at Cerro Cascaron
Harvest Gold and Evrim Resources Complete Drilling at Cerro Cascaron
Vancouver B.C. – March 19, 2019: Harvest Gold Corporation (“Harvest Gold” or the “Company”)
(TSX.V: HVG), is pleased to announce final drill results at the Cerro Cascaron gold and silver project in
southwestern Chihuahua, Mexico. Harvest Gold and its JV partner Evrim Resources Corp (“ Evrim”)
have completed a total of ten diamond drill holes at Se rpiente Dorada, San Pedro and Cascarita for a total
of 2,255.40 metres. The assay results follow up the announcement made February 14, 2019.
Warren Bates, Harvest Gold’s Chief Geologist stat es: “The maiden drill program at Cerro Cascaron
demonstrates significant potential to discover a low to intermediate sulphidation epithermal gold deposit,
specifically at the Serpiente Dorada and San Pedro areas. Drilling at Serpiente Dorada delineated a
significant structural corridor containing local hi gh-grade gold mineralization. Well-developed quartz
fissure veins within a broad stockwork containing m oderate gold grades and epithermal textures exists at
San Pedro, and drilling has aided in vectoring toward a deeper and possibly higher grade gold target.
Additional drilling is needed to follow up both areas and for exploration of several untested targets.”
Harvest Gold CEO Rick Mark states: “I would like to thank the excellent technical team composed of
Evrim and Harvest Gold management and geologists who planned and directed this drill program. As
Warren’s comments above indicate, we have learned a great deal about the gold vein field that so
attracted us to Cerro Cascaron, but will need more drilling to determine whether it hosts an ore body. Our
next step is to sit down with Evrim and review our options to continue the search for a gold deposit at
Cerro Cascaron. They have been an excellent part ner and we would like to continue the search with
them.”
Drill Program Highlights
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 gr ading 3.29 g/t gold and 6.3 g/t silver from
224.5 metres (previously reported February 14, 2019);
• Drill hole SPT19-02 intersected 11.5 metres gradi ng 0.48 g/t gold and 3.9 g/t silver from 119.5
metres downhole and 1 metre grading 1.57 g/t gold and 1.2 g/t silver from 219 metres
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
(previously reported February 14, 2019);
• SPED19-03 intersected 2.4 metres grading 0.98 g/t gold and 36.6 g/t silver from 162.5 metres
downhole.
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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About the Cerro Cascaron Drill Program
Ten drill holes have been completed with two holes at the Serpiente Dorada, four holes at San Pedro gold
targets, and four at the silver-rich Cascarita target.
Figure 1 – Map of the Cascaron vein field with Serpiente Dorada and San Pedro drilling shown
Serpiente Dorada
Drill hole SPT19-02 targeted the intersection of th e north-trending Serpiente Dorada and northeast-
trending La Julieta structures approximately 180 me tres north of SPT18-01. The hole drilled into a
sequence of rhyolitic and andesitic volcanic rocks with crosscutting hydrothermal breccias; a similar
setting as hole SPT18-01. A zone of pervasive silicif ication and quartz veining hosts a broad zone of
low-grade gold mineralization from 119.5 metres depth and a narrow zone of strong quartz veining hosts
the intersection from 219.0 metres. The true widths of the zone of silicification and strong quartz veining
are not known.
Drill holes SPT18-01 and SPT19-02 intersected the Serpiente Dorada structure over a strike length of
approximately 180 metres and also delineated a new struct ure or splay off the Serpiente Dorada structure.
Mineralization intersected in these holes comprises qua rtz veining and silicification where the Serpiente
Dorada structure intersects interpreted hydrotherm al breccias and a contact between andesitic and
rhyolitic volcanic rocks and presents a structural setting for additional drilling.
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Figure 2a – Cross section of drill hole at Serpiente Dorada (A-A’) and Figure 2b – Cross section of drilling at San Pedro (B-B’)
San Pedro
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 the quartz vein approximately 110 metres
beneath the workings at the contact between andesite and rhyolite and returned 4.8 metres grading 1.02
g/t gold and a separate higher grade interval of 5.39 g/t gold over 0.35 metres. Drill hole SPED19-03
intersected the San Pedro vein approximately 40 me tres beneath the vein in SPED19-02 and returned 2.4
metres grading 0.98 g/t gold from 162.5 metres downhole. Both SPED19-02 and SPED19-03 intersected
the banded San Pedro quartz vein and the vein in tersected in hole SPED19-03 also contained multi-
episodal chalcedonic quartz and quartz breccias. The textures observed in holes SPED19-02 and
SPED19-03 suggested that the vein in these holes is a bove the boiling zone where the best mineralization
is expected. Hole SPED19-04 was drilled to intersect the San Pedro Vein about 70 metres downdip from
the vein in SPED19-03 and intersected a zone of pervasive silicification and quartz veinlets with
anomalous gold and pathfinder elements. Additional drilling is recommended to test deeper targets along
strike within the system.
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Figure 3 – “San Pedro vein intersected in hole SPED19-03”
Significant Intersection Table
Hole From
(m)
To
(m)
Width
(m)
Gold
(g/t)
Silver
(g/t)
SPED18‐01 No significant assays
SPED19‐02 141.0 145.8 4.8 1.02 13.0
And 154.45 154.8 0.35 5.39 23.7
SPED19‐03 162.5 166 3.5 0.74 26.5
including 162.5 164.9 2.4 0.98 36.6
SPED19‐04 No significant assays
SPT18‐01 224.5 231.0 6.5 3.29 6.3
Including 225.5 226.5 1.0 20.1 22.5
SPT19‐02 119.5 131.0 11.5 0.48 3.9
and 219.0 220.0 1.0 1.57 1.2
All intervals given for mineralized intervals are core le ngths. The true widths of the intersections are not
known.
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 1,883 276 ‐ 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
SPED19‐04 246,309 2,949,410 1,919 270 ‐ 70 370.5
SPT18‐01 248,404 2,947,705 1,677 270 ‐ 64 320.0
SPT19‐02 248,370 2,947,880 1,733 270 ‐ 55 270.0
CAS18‐01 240,533 2,947,389 1,360 060 ‐ 45 209.7
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CAS18‐02 1 240,556 2,947,295 1,301 070 ‐ 45 48.2
CAS18‐02B 240,557 2,947,296 1,301 070 ‐ 45 201.0
CAS18‐03 240,361 2,947,455 1,405 040 ‐ 60 200.0
1. Hole was lost
About the Cerro Cascaron Project
The Cerro Cascaron property hosts a low to intermediate 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 similar to many epithermal deposits in the Sierra Madre
Occidental, including Minera Frisco SAB's Ocampo Mine to the northwest, Coeur Mining Inc.’s
Palmarejo mine, and First Majestic Silver's San Martin de Bolaños silver mine.
Qualified Person Statement
The disclosure of technical or scientific information in this press release has been reviewed and approved
by Warren Bates, P.Geo. Chief Geologist for Harves t Gold. Mr. Bates serves as a Qualified Person under
the definition of National Instrument 43-101.
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, bl ank samples and certified reference materials were
inserted into the sample sequence each at a frequency 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 presently advancing its Cerro Cascaron high grade
gold/silver project in Chihuahua State, Mexico, where 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 team 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 Serv ices Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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Forward Looking Information
This news release includes certain statements that may be deemed "forward looking stat ements". All statements in
this news release, other than statements of historical fact s, that address events or de velopments that Harvest Gold
Corporation (the " Company“) expects to occur, are fo rward looking statements. Forw ard looking statements are
statements that are not histor ical facts and are generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "e stimates", "projects", "pot ential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Although the Company believes the expectations expressed in such forward looking statements are based on
reasonable assumptions, such statements are not guarant ees 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 lookin g statements include market prices, exploitation and exploration successes,
and continued availability of capital and financing, and ge neral economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future performan ce 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.