Harvest GOLD Initiates Trenching Program at Tibiti Concession, Suriname
HARVEST GOLD INITIATES TRENCHING PROGRAM AT TIBITI CONCESSION,
SURINAME
Vancouver, British Columbia, August 10, 2017 Harvest Gold Corporation (TSX.V: HVG) (“Harvest
Gold” or the “ Company”) is pleased to announce the commen cement of a two-phase mechanical
trenching program at Harvest’s flagship gold propert y in Suriname. As announced on April 27, Harvest
has embarked on an exploration pr ogram that consists of a data review, including the modelling of
existing geophysical data, sampling, auger drilling and trenching. The data revi ew and modelling is now
complete. The rainy season has passed and initial trenching will begin this week.
In May 2017, Harvest contracted Mr. Carl Windels, a leading expert on 3D modeling and interpretation of
airborne geophysical surveys to re-analyze the 2011 magnetic and radiometric survey data collected by
Terraquest Ltd. Windels reprocessed the data and integrated the modeling with previous auger sampling
and geology of the Tibiti project.
Windels’ interpretation defined more than 20 targets b ased on an integrated interpretation. These targets
are associated with a deep-seated dilation zone along a major northeast trending shear zone. The targets
correlate very well with the previously identified auger sample targets, T-1 and T-2, on which trenching is
to begin this week (Figure 1). In addition, Windel’s work has identified at least 10 new targets to the west
and north of T-1 and T-2 where there is minimal geoche mical sample data and that can be followed up in
a subsequent exploration program.
Harvest Gold President and CEO Rick Mark states: “The evaluation by Mr. Windels further supports the
merits of the Tibiti concession as a site for signifi cant gold mineralization. The rainy season has passed
in Suriname and trenching will begin this week. We look forward to the results of our initial trenching
program to establish drill targets at Tibiti and guide us on future trenching. In Mexico, the pre-drilling
exploration program, being operated by JV partner Evrim Resources, continues at Cerro Cascaron.”
Details of the trenching program
In Phase One, one trench totaling approximately 200 meters will be completed in the T1 region, where
previous trenching of geochemical and auger gold anomalies identified gold mineralization in saprolite.
Follow up trenching in the T1 area will test new ta rgets as well as attempt to extend mineralization
encountered in the past. At least 7 trenches are be ing considered in the T1 area, totaling approximately
1100 meters.
At the T2 area, approximately 2.5 km to the south of T1, an initial trenching program of approximately
300 meters in two trenches is proposed to test the core of an 800-meter-long auger gold anomaly. This
will mark the first trench testing of auger soil resu lts in the T2 area. At least four trenches totaling
approximately 700 meters of trenching are proposed fo r the T2 area. Trench locations were determined
using auger soil data and airborne magnetic data. Final trench pos itions may be modified depending on
saprolite depth, and local topographic and drainage conditions, being determined now.
Trenching results will be used to better focus and target core drilling.
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 Tibiti concession
The Tibiti concession is in the north central portion of Suriname, approximately 45 km west of the
Rosebel Gold Mine of IAMGOLD and 100 km southw est of the capital city Paramaribo. The Tibiti
project, Rosebel Gold Mine, and the former Saram acca joint venture of Golden Star and Newmont all
occur within the same structural and lithologic trend of the eastern Marowijne Greenstone Belt of
Suriname.
The Tibiti project has potential to define economic gold mineralization with continued exploration,
including drilling, based on its lo cation within this structural and mineralized trend of gold mines and
exploration projects. In addition, there is signifi cant small-scale alluvial mining activity to provide
evidence of the presence of gold on the concession and ex amination of the gold grains suggests only local
transport within the concession boundaries. The area has had a history of geologic mapping and gold
testing of alluvial drainages by the Geological Survey of Suriname (GMD). This suggests the gold
potential of the concession has been known for so me time however the concession has not been
systematically explored with modern exploration techniques in the past.
The Tibiti concession consists of 10,000 hectares and was granted as an exploitation concession by the
Suriname Ministry of Natural Resources in 2015 for a period of 15 years. The exploitation concession
status of Tibiti is very positive as it avoids further renewals required with exploration concessions and
permits mining on the concession with a royalty paid to the government.
Quality Assurance/Quality Control
Mr. Warren Bates, P. Geo (APGO#0211), the Company’ s Director of Property Investigation, 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.
Figure 1: Section 644550 E (60) Iterative reweighted inversion magnetic image with coincident auger
gold samples over T-1 and T-2 target areas.
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About Harvest Gold
Harvest Gold is a gold-focused mineral exploration co mpany with an experienced board of directors and
management whose collective geological and financ ing experience exceeds 200 years. In addition to
Tibiti, Harvest also holds two fully registered mi neral concessions on properties in the Republic of
Suriname: the Gonini River and Oelemari concessions and can acqui re an 80% interest from Evrim
Resources Corp. in the newly acquired Cerro Cascaron project, located in Chihuahua State, Mexico.
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 constitute s forward-looking statements. Forward-looking statements are
frequently characterized by words such as "plan," "expect," "pro ject," "intend," "believe," "anticipate", "estimate" and other
similar words, or statements 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 uncertainti es
and other factors that could cause actual events or results to differ materially from those projected in the forward-looking
statements. These factors include the inhe rent risks involved in the exploration an d development of mine ral 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 ex penses, uncertainties relating to the availability and costs of financing needed in the
future and other factors. The Company undertakes no obligatio n to update forward-looking stat ements if circumstances or
management's estimates or opinions shoul d change. The reader is cautioned not to place undue reliance on forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that te rm is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.