Harvest Gold completes earn-in requirements to acquire 100%* of its flagship Emerson Project
Harvest Gold completes earn-in requirements to acquire 100%* of its flagship
Emerson Project
Vancouver, British Columbia – November 10, 2021 - Harvest Gold Corporation (“Harvest”,
“Harvest Gold” or the “ Company”) (TSXV: HVG) announce s that it has successfully met the
property work requirement and 2021 cash payments required to earn a 100%* interest in the
Emerson property.
Harvest Gold’s’ President and CEO Rick Mark commented: “We have been very encouraged by
the reaction to our recent 3D IP results on our flagship Emerson project. Today, we are informing
our shareholders and the market that we now own 100% of Emerson, save cash payments totaling
$150,000 through 2 024, which we can pay in full at our discretion. There is a 1.5% NSR on
Emerson.
The Company has also earned a 100% interest in the Goathorn property with the same cash
payment/NSR as Emerson.
Finally, the Company als o reached an agreement with the property vendors, Running Dog
Resources Ltd. (“Running Dog”) and Attunga Holdings Inc. (“Attunga”) , whereby the Company
can earn a 100% interest in the Jacobite project by the completion of a 2D induced polarization
(“IP”) survey on Jacobite in 2022, with the same cash payment/NSR terms.
The 56 km 2 Emerson project comprises 14 contiguous mineral claims located 15 km west of
Houston, B.C. with a nearby railroad, high voltage powerline and gas pipeline . Harvest Gold has
successfully completed its predrill exploration plan with the completion of an airborne magnetic
survey in January, 2021, a top-of-bedrock RAB drilling program in July/August, 2021 and a 3D IP
survey in September, 2021. The Company has confirmed its Blackwater near surface gold model
hypothesis and the Emerson project is now ready for its maiden core drilling program.
Qualified Person Statement
The disclosure of technical or scientific information in this press release has been reviewed and
approved by Warren Bates, P.Geo. Director of Property Investigations for Harvest
Gold. Mr. Bates serves as a Qualified Person under the definition of National Instrument 43-101.
*Subject to completion of yearly cash payments, Advance Royalty Payments and a 1.5% NSR to the Vendors. One half of the NSR
royalty (0.75%) may be purchased for $500,000 prior to the publication of a mineral resource or for $1,500,000 thereafter. See Harvest
Gold news release dated June 23, 2020 for details.
HARVEST GOLD CORP.
Suite 400 – 1681 Chestnut Street
Vancouver, BC V6J 4M6
T: (604)737-2303
F: (604) 737-1140
W: www.harvestgoldcorp.com
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About Harvest Gold Corporation
Harvest Gold is focused on the Interior Plateau of British Columbia exploring for near surface Gold
deposits and Copper Gold Porphyry deposits. Harvest Gold’s board of directors, management team
and technical advisors have collective geological and financing experience exceeding 400 years.
Harvest Gold acknowledges that the Emerson and Goathorn Projects are situated in the traditional
territory of the Wet’suet’en Nation while the Jacobite Project is situated in the traditional territory
of the Lake Babine Nation. 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 forward 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.
This news release may include technical information that was generated prior to the introduction
of National Instrument 43 -101. Details of the sampling metho ds, handling, and quality control
methods used in the generation of this historical technical data are unknown to Harvest Gold, and
the drill material, assay results, true width of intercepts herein cannot be and have not been verified
by the Company’s Qualified Person for the purposes of National Instrument 43-101.
A number of mineral resources or significant occurrences disclosed herein relate to nearby
properties owned by other companies, and the data presented have been extracted from these
companies’ p ress releases and websites. A Qualified Person has been unable to verify this
information from the adjacent properties, and such results are not necessarily indicative of potential
quantities or grades of mineralization on the Company’s properties.
Relating to exploration, the identification of exploration targets and any implied future
investigation of such targets on the basis of specific geological, geochemical and geophysical
evidence or trends are future-looking and subject to a variety of possible o utcomes which may or
may not include the discovery, or extension, or termination of mineralization. Further, areas around
known mineralized intersections or surface showings may be marked by wording such as “open”,
“untested”, “possible extension” or “expl oration potential” or by symbols such as “?”. Such
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wording or symbols should not be construed as a certainty that mineralization continues or that the
character of mineralization (e.g. grade or thickness) will remain consistent from a known and
measured data point. The key risks related to exploration in general are that chances of identifying
economical reserves are extremely small.
Although the Company believes the expectations expressed in such forward-looking statements are
based on reasonable assumpti ons, 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-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.