Harvest Gold and Evrim Resources to Extend Cerro Cascaron Option Agreement and Identify a Second Significant Precious Metals Project in Mexico
Harvest Gold and Evrim Resources to Extend Cerro Cascaron Option Agreement and Identify a
Second Significant Precious Metals Project in Mexico
Vancouver B.C. – June 19, 201 9: Harvest Gold Corporation (“Harvest Gold” or the “ Company”)
(TSX.V: HVG ), is pleased to announce that the Compa ny and its JV partner Evrim Resources Corp .
(“Evrim”) have signed a letter agreement (the “Agreement”) to extend the Cerro Cascaron agreement for
a period of six months (the “Extension”). Under the terms of the Agreement, Harvest Gold and Evrim
will renegotiate the terms of the Cerro Cas caron Agreement and search for a new gold or gold/silver
project in Mexico.
During the Extension Evrim’s generative team will locate projects within prospe ctive gold belts in
northern Mexico that are aligned with Harvest Gold’s exploration strategy and plans. Evrim has agreed to
use its comme rcially reasonable best efforts to acquire a new asset and negotiate option terms with
Harvest Gold. Harvest Gold will also advance $55,000 to Evrim to cover all property maintenance
payments at Cerro Cascaron.
Harvest Gold CEO Rick Mark states: “Evrim has been an excellent partner and we would like to continue
the search for a gold deposit in Mexico with them. They ar e presently evaluating several new
opportunities in Mexico and have agreed to discuss high potential properties wit h us with a view to
Harvest financing a new project and carrying Cerro Cascaron in its property p ortfolio. Our maiden drill
program at Cerro Cascaron taught us a great deal about its main gold vein field and demonstrated
significant potential to discover a low to intermediate sulphidation epithermal gold deposit, specifically at
the Serpiente Dorada and San Pedro areas. The Extension will allow Evrim to complete d ue diligence on
a new project for Harvest while maintaining our interest in Cerro Cascaron, to which we have contributed
over $1.25 million to date.”
About the Cerro Cascaron Project
The Cerro Cascaron property hosts a low to intermediat e sulphidation epi thermal gol d sys tem that
includes a gold -bearing vein in the eastern part of the property. Veining has been mapped over 900
vertical m etres, with classic text ural evidence of hydrot hermal 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, inclu ding Minera Frisco SAB's Ocampo Mine to th e 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 Harvest Gold. Mr. Bates serves as a Qualified Person under
the definition of National Instrument 43-101.
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 Harvest Gold Corporation
Harvest Go ld is a mineral exploration company presently ad vancing its Cerro Casca ron high grade
gold/silver project in Chihuahua State, Mexico, where an init ial 2,250 metre drill pr ogram has recently
been completed. Harvest Gold 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 m anagement team are experienced in successful exp loration 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 Re gulation 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.
Forward Looking Information
This news release incl udes certain statements that may be de emed "forward lo oking statements". All statements in
this news release, other than sta tements of historical facts, that address events or developments that Harvest Gold
Corporation (the " Company“) expects to occur, are forward looking statements. Forward l ooking statement s are
statements that are not historical facts and are generally, but not always, identified by the word s "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "potential" a nd similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Although the Compan y beli eves the expectations expres sed i n such forward looking statements are based on
reasonable assumptio ns, such statements are no t g uarantees of future performance and actual results may d iffer
materially from those in the forward looking statements. Fa ctors that could cause the actual results to differ
materially from those in forwa rd looking statements in clude market prices, explo itation and exploration successes,
and continued availability of capi tal and financing, and general economic, market or busi ness conditions. Investors
are cautioned that any such statements are not guarante es of future performance and actual results or dev elopments
may differ materially from t hose 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 th e 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.