Harvest GOLD Chooses Novatem Inc. FOR High-Resolution Airborne Magnetic Survey over Its 100% Owned Mosseau Project and Issues Shares
HARVEST GOLD CHOOSES NOVATEM INC. FOR HIGH-RESOLUTION AIRBORNE
MAGNETIC SURVEY OVER ITS 100% OWNED MOSSEAU PROJECT AND ISSUES SHARES
Vancouver, British Columbia / February 28, 2024 - Harvest Gold Corporation (TSXV: HVG)
(“Harvest Gold” or the “Company”) is pleased to announce that Novatem, Inc, (“Novatem”), a Quebec
based company specializing in the performance of high resolution airborne geophysical surveys, has been
selected and is ready to begin its work over Harvest Gold’s Mosseau Project. Mosseau is located 22 km
east of Lebel sur Quevillon in the Abitibi region of Quebec.
The helicopter airborne magnetic survey will comprise 1,639 line km covering 7,136 ha. and will be flown
at a nominal line spacing of 50 m. The height of flight above the ground will be a drape as low as possible,
usually between 15 m and 20 m considering topography and vegetation.
Harvest Gold President and CEO , Rick Mark, states: “We are all excited to take this first step towards
providing us and our shareholders a better understanding of the potential at Mosseau. Our technical team
spent the past two weeks working with Novatem to customize this mag flying program to ensure its
outcomes complement the extensive, but disparate existing historical data on Mosseau. The objective is to
produce a comprehensive report defining and prioritizing the areas of Mosseau most likely to host gold
deposits.”
Novatem will utilize its ultra-high resolution helicopter system, Novatem G2, using two laser optical
pumping sensors providing 1000 measurements per second (1000 Hz) mounted at the front of a Guimbal
G2 light helicopter.
The instrumentation will include:
• A “stinger”, mounted at the front of the helicopter, designed and certified by Novatem for the
Guimbal G2 helicopter;
• Two very high-resolution laser optically pumped scalar magnetic sensors;
• A real time GNSS multi-frequency receiver for GPS, Glonass, Galileo and BeiDou constellations;
• A compensation system developed by Novatem for the very high resolution, using an inertial unit
and a three-component fluxgate magnetometer manufactured by Billingsley and high-performance
inversion algorithms for the calculation of coefficients; and
• A “draped” navigation system developed by Novatem, allowing to follow a continuous flight
surface, calculated in advance, and thus to minimize the differences at the intersections of flight
lines and control lines.
This high-resolution geophysical survey will serve as a base for upcoming compilation of the geology and
numerous historical showings as well as cross cutting structural features (Figures 1 and 2). This compilation
will provide the Harvest Gold Technical team with the information needed to effectively plan this summer’s
prospecting and property wide soil geochemistry survey.
HARVEST GOLD CORPORATION
Suite 400 – 1681 Chestnut Street
Vancouver, BC V6CJ 4M6
T: (604) 737-2303
F: (604) 737-1140
W: www.harvestgoldcorp.com
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Figure 1: Location and Geology of Mosseau Project
Figure 2: Gold Showings and Regional Magnetic Map – Mosseau Project
The Company has issued the second payment of 2,000,000 common shares (the “Shares”) to Vior Inc. at a
deemed price of $0.02 per Share (being the current market price of Shares on the TSX Venture Exchange),
representing a total deemed value of $40,000.
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The Shares are subject to a statutory hold period of four months plus a day from the date of issuance in
accordance with applicable securities legislation and the Exchange Hold Period.
Qualified Person Statement
The disclosure of technical or scientific information in this press release has been reviewed and approved
by Phillip Terrence Coyle, P.Geo. (OGQ 2079) for Harvest Gold. Mr. Coyle serves as a “Qualified Person”
as defined in National Instrument 43 -101, Standards of Disclosure for Mineral Projects of the Canadian
Securities Administrators.
About Harvest Gold Corporation
Harvest Gold is focused on exploring for near surface gold deposits and copper-gold porphyry deposits in
politically stable mining jurisdictions. Harvest Gold’s board of directors, management team and technical
advisors have collective geological and financing experience exceeding 400 years.
Harvest Gold currently has 2 active gold projects focused in the Urban -Barry area, approximately 50 and
70 km east of Osisko-Gold Fields Windfall Deposit
Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and
Abitibi territories. Harvest Gold is committed to developing positive and mutually beneficial relationships
based on respect and transparency with local Indigenous communities.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark
President and CEO
Harvest Gold Corporation
For more information please contact:
Rick Mark or Jan Urata
@ 604.737.2303 or [email protected]
Neither 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.
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All
statements in this news release, other than statements of historical facts, that address events or developments
that Harvest Gold expects to occur, are forwa rd looking statements. Forward looking statements are
statements that are not historical facts and are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" 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 guarantees 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 looking statements include market prices, exploitation and
exploration successes, and continued availability of capital and financing, and general economic, market or
business conditions. Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from those projected in the forward-
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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 for ward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.