Harvest GOLD Announces Start of Exploration Program at High Grade GOLD/Silver Cerro Cascaron Project
HARVEST GOLD ANNOUNCES START OF EXPLORATION PROGRAM AT HIGH
GRADE GOLD/SILVER CERRO CASCARON PROJECT
Vancouver, British Columbia, June 22, 2017 Harvest Gold Corporation (TSX.V: HVG)
(“Harvest Gold” or the “ Company”) is pleased to announce the initiation of a CDN$225,000
Phase 1 exploration program at its high-grade Cerro Cascaron gold/silver project in Mexico.
Harvest Gold can earn up to an 80% interest in Cerro Cascaron from Evrim Resources Corp
(TSX.V: EVM) (“Evrim”). The pr oject covers 69 square kilometres in a historic Colonial -era
mining district in the prolific Sierra Madre Occidental precious metals belt of western Ch ihuahua
State, Mexico.
Harvest Gold’s’ President and CEO Rick Mark states: “ As we promised our shareholders we are
now beginning our Phase 1 exploration program at Cerro Cascaron. I am impressed with the
technical team’s attention to detail and their very specific objectives. We will p rovide regular
updates as we prepare for a minimum 3,000 metre drill program at this highly prospective
property the fall of 2017.”
Phase 1 Exploration Plans
Field preparations are underway to begin a fully funded Phase 1 Field Program developed by
Harvest Gold and Evrim that will require approximately two months. The Phase 1 work program
will begin by the end of June and will be operated by Evrim’ s knowledgeable and experienced
field crews. The program will include:
(i) a 15-day program to open two historic adits, which we expect will e xpose the working faces
of the related veins and br eccias and provide for more thorough sampling of these targets . Both
adits are believed to be in the critical zone just below the Upper Volcanic Sequence and Lowe r
Volcanic Sequence contact. Previous surface sampling of these targets provided rock chip
samples of up to 30.9 g/t gold on a vein in the Cascaron vein field and up to 2.72 g/t gold and
1,170 g/t silver at La Cascarita . Readers are cautioned that rock chip samples are selected
samples and are not necessarily representative of the mineralization hosted on the property.
Readers should refer to Evrim’s press releases dated June 8 and August 17, 2016 and Harvest
Gold press releases dated June 8 and 15, 2017 for a full description of the exploration results.
(ii), a 25-day detailed B-horizon soil geochemistry and prospecting program to further define the
northern extensions of the main Cascaron vein gold field . This survey will be undertaken on
200-metre spaced lines with 50 -metre spaced samples. The program will collect approximately
1,000 samples which will be submitted for assay using aqua regia and ultralow detection with the
aim of identifying vein extensions through dispersion of pathfinder elements.
(iii) a 20-day program of detailed mapping of the gold rich part of the Cascaron vein field,
Divisadero zone and La Cascarita prospect by three geologists with extensive experience in
Mexican epithermal deposits. They will be supported by two junior field technicians for sample
collection and approximately 150 rock chip samples will be collected and assayed utilizing four
acid-digest with ultra-low detection analysis. The program will focus on host lithology and vein
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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textures with a goal of identifying drill targets for the planned fall, 2017 drilling program. The
Divisadero veins on the south side of the La Dura River are the largest visible alteration zone on
the property.
In addition to the field work at Cerro Cascaron , a portion of the budget has been allocated to
submitting drill permits and maintain community relationships.
About the Cerro Cascaron Project
The Cerro Cascaron property hosts a low to intermediate sulfidati on epithermal gold bearing
system and includes a high -grade gold vein field measuring approximately 18 square kilometres
in area on the eastern third of the property . Veining has been mapped on a cliff face for over 900
vertical metres, with classic textural evidence of multiple phases of hydrothermal boiling
accompanying the highest gold grades. These boiling zone s have 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 is similar to many epithermal deposits in the Sierra
Madre Occidental, including Fresnillo PLC's La Cienega Mine in Durango , Goldcorp’s past
producing El Sauzal gold min e and further south, First Majestic’s San Martin de Bolanos silver
mine in Jalisco State . The property is approximately 55 kilometre s southeast of Goldcorp Inc.’s
past-producing El Sauzal gold mine and is one of the few unexplored and undrilled opportunities
in the region.
Quality Assurance/Quality Control
Mr. Warren Bates, P. Geo (APGO#0211), the Company’s Direc tor of Property Inves tigation, is
the Qualified Person for this press release for the purposes of National Instrument 43 -101, and
has reviewed and approved the technical information herein. Evrim Resources has advised that
their quality control procedure is as follows: Sample s were delivered to ALS Global in
Hermosillo, Sonora for sample preparation and to the ALS laboratory in North Vancouver for
analysis. The Hermosillo facility has ISO 9001:2008 certification while the North Vancouver
facility has ISO/IE 17025:2005 certifi cation. Blank samples were inserted into the sample
sequence for all channel samples with noted visible gold with no indications of
contamination. Samples were assayed for gold by 30 gram fire assay and multi-element analysis
by aqua regia and four -acid ICP analysis. Selected samples with coarse or visible gold were re -
analyzed by 50 gram screen metallic assay.
About Harvest Gold
Harvest Gold is a gold -focused mineral exploration company with a n experienced board of
directors and management whose collective geological and financing experience exceeds 200
years. Harvest also holds three fully registered mineral concessions on properties in the Republic
of Suriname: the Goliat-Tibiti, Gonini River and Oelemari concessions.
About Evrim Resources
Evrim Resources is a mineral exploration company whose goal is to participate in significant
exploration discoveries supported by a sustainable business model. The Company is well
financed, has a diverse range of quali ty projects and a database in Mexico and portions of the
southwestern United States. The existing projects, and generation of quality exploration targets
and ideas, are advanced through option and joint venture agreements with industry partners to
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create shareholder value. Evrim’s business plan also includes roy alty creation utilizing the
Company’s exploration expertise and existing projects.
ON BEHALF OF THE BOARD OF DIRECTORS
Joel Matheson,
Director
Harvest Gold Corporation
For more information please contact:
Rick Mark or Jan Urata
@ 604.682.2928 or [email protected]
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward -looking statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of
historical fact relating to the company , certain information contained herein constitutes forward -looking statements.
Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend,"
"believe," "anticipate", "estimate" and other similar words, or s tatements that certain events or conditions "may" or
"will" occur. Forward -looking statements are based on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of risks and uncertainties and other facto rs that could cause actual
events or results to differ materially from those projected in the forward -looking statements. These factors include the
inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in
interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or
unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future
and other factors. The Company undertakes no obligation to update forward -looking statements if circumstances or
management's estimates or opinions should change. The reader is cautioned not to place undue reliance o n forward-
looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.