Harvest GOLD Provides Additional Target Data at High Grade GOLD/Silver Cerro Cascaron Project; TSXV Approves Agreement
HARVEST GOLD PROVIDES ADDITIONAL TARGET DATA AT HIGH GRADE
GOLD/SILVER CERRO CASCARON PROJECT; TSXV APPROVES AGREEMENT
Vancouver, British Columbia, July 12, 2017 - Harves t Gold Corporation (TSX.V: HVG)
(“ Harvest Gold ” or the “ Company ”) is pleased to provide additional information on several
exploration targets at its high-grade Cerro Cascaro n gold/silver project in Mexico. Harvest Gold
can earn up to an 80% interest in Cerro Cascaron fr om Evrim Resources Corp. (TSX.V: EVM)
(“Evrim”). The project covers 69 square kilometres in a historic Colonial-era mining district in the
prolific Sierra Madre Occidental precious metals be lt of western Chihuahua State, Mexico and is
one of the few unexplored and undrilled opportuniti es in the region. The TSX Venture Exchange
has now approved the Harvest Gold – Evrim Option Ag reement.
The $225,000CDN Phase 1 exploration program began J uly 10 th with an extensive geochemistry
program and preparation for the opening of two historic adits on the property.
Harvest Gold’s’ President and CEO Rick Mark states: “We are very pleased that the Evrim team
has literally hit the ground running and that Phase 1 is underway. As well, our geological team has
now reviewed all historical data on the project and have identified at least six areas for follow-up.
Today’s release provides investors more detail on these targets.”
The Cerro Cascaron project covers a historic Coloni al-era mining district that contains numerous
gold and gold-silver prospects with evidence of sma ll-scale artisanal mining. Evrim’s 2016 initial
exploration work identified at least six potential low sulphidation epithermal gold-silver targets at,
or near, the unconformity between the Cretaceous to Tertiary Lower Volcanic Sequence andesites
and the Tertiary Upper Volcanic Sequence rhyolites. Most epithermal gold-silver deposits found in
the Sierra Madre Occidental, including El Sauzal, L a Cienga, Palmarjo, Pinas Alto, Mulatos and
Ocampo, occur at, or near, this unconformity.
The main target areas within the Cerro Cascaron project area* include:
*(See Figures 1 and 2 for plan view and hypothesized cross-sectional model)
1. Main Cerro Cascaron Vein Field
A low to intermediate sulfidation epithermal gold b earing system that includes a high-grade gold
vein field measuring approximately 18 square kilome tres in area on the eastern third of the
property. Fourteen structurally-controlled epithermal gold-silver veins identified with strike lengths
ranging from 70 to 1,980 metres and a cumulative st rike length of over 11 kilometres have been
delineated to date. The principal dimensions of these veins are:
Vein Strike Length (metres) Width (metres) Comment
San Pedro 830 0.8 to 1.4 Open to North and South
Carabina 1980 1.6 to 4.7 Open to North and South
La Julieta 1560 0.63 to 4.7 Open to Northeast and S outhwest
Serpiente Dorada 700 1.0 to 4.9 Open to North and S outh
El Rico 70 n/a Open to East and West
La Reyna 850 0.4 to 3.0 Open to East and West
San Gonzalo 200 0.5 Open to North and South
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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Within this vein field, vertical separation of targ ets consistent with a classic elevation controlled
epithermal model of mineral deposition has also bee n observed with the boiling zone (high grade
gold target) occurring beneath an elevated plateau. Veining has been mapped on a cliff face for
over 900 vertical metres, with classic textural evi dence of multiple phases of hydrothermal boiling
accompanying the highest gold grades. These boiling zones have been established in the upper 380
metres of the vein field, from the north-south tren ding Carabina and San Pedro veins in the west to
the Julieta and Serpiente Dorado veins in the east that are distributed along a hillside over a
horizontal distance of approximately three kilometr es, with some significant gold grades. For
example, the Serpiente Dorado vein has grab samples of 1,670 grams per tonne (“g/t”) gold and
1,490 g/t silver . Readers are cautioned that rock chip and grab sampl es are selected samples and
are not necessarily representative of the mineraliz ation hosted on the property. Evrim’s mapping
and sampling programs have extended these veins to the north onto the plateau where textural
observations indicate high level textures that typi cally occur above boiling zones within veins and
represent excellent targets.
Evrim’ channel sampling, conducted perpendicular to strike of the main San Pedro, Carabina and
La Julieta veins have provided the following selected intersections:
All reported channel samples were cut with a rock s aw and were reported as true widths. Readers
should refer to Evrim’s press releases dated June 8 and August 17, 2016 and Harvest Gold’s press
releases dated June 8, 15 and 22, 2017 for a full description of the exploration results.
2. Stockwork area
The area between Julieta and Serpiente Dorada comprises a 200 metre by 300 metre area with
multiple sub-parallel mineralized structures and br eccias that cut the lower part of the rhyolite
sequence. The gold mineralized structures and brecc ias are associated with a sub-vertical north-
striking fault, parallel secondary faults and a you nger northeast-striking fault. The zone remains
open along strike to the north and south. Individua l mineralized structures range from one metre to
ten metres in width and are silicified with quartz veins and veinlets, stockworks and quartz infilling
breccia matrices that appear to have formed over multiple episodes of quartz veining.
3. La Reyna/El Rico Veins
Beneath the boiling zones, at lower elevations, bel ow 1200 metres ASL, the north-south trending
veins are cut by east-west and northeast-southwest trending tourmaline rich silver and base metal
veins and breccias such La Reyna and El Rico. Grab samples from La Reyna have returned gold
values of up to 1.8 g/t gold and up to 516 g/t silver . The El Rico vein, located immediately north
of La Reyna, contains collapsed historical mine wor kings and grab samples assayed up to 1.84 g/t
gold and 383 g/t silver .
Vein Length (metres) Gold (g/t) Silver (g/t)
San Pedro
Including
1.3
0.8
12.0
19.0
54.2
72.6
San Pedro 0.9 10.5 46.4
San Pedro 1.4 5.60 45.5
Carabina
including
5.4
1.4
2.12
5.73
14.5
29.3
La Julieta
including
6.3
2.0
2.16
5.04
28.8
14.4
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4. La Prieta target
At the lowest elevations, La Prieta consists of tou rmaline and quartz veins within a hydrothermal
breccia with high gold grades; four samples returned 0.565 g/t to 39.7 g/t gold . The La Prieta zone
is at the lowest elevations mapped to date and has elevated copper, molybdenum and bismuth
geochemistry. The prospect is hosted within hornfel sed and propylitic rocks near a granodiorite.
The breccia is pocketed by small-scale workings his torically mined for gold which occurs with
quartz, pyrite and iron-oxides cut by a fault with gouge, clays and disseminated sulphides.
5. Divisadero Veins
The Divisadero veins on the south side of the La Dura River are part of the largest visible alteration
zone on the property and occur at a similar altitud e to the gold rich Carabina and San Pedro veins.
The main Divisadero vein has a surface width of 0. 3 to 1.0 metres and has been traced over a
distance of 210 metres. Limited sampling at the D ivisadero veins has provided grab samples that
range from 0.11 g/t silver to 599 g/t silver . Six of fifty-nine samples exceed 100 g/t silver. Grab
samples also range from <0.005 g/t gold to 9.24 g/t gold and seven of fifty-nine samples exceed
1.0 g/t gold.
6. La Cascarita
Five kilometres to the west, the La Cascarita prosp ect contains intermediate sulphidation silver
dominant veins and breccias up to three metres wide that have been traced over a distance of 160
metres and are open to the Northwest and Southeast . During a due diligence trip, Harvest Gold’s
sampling at La Cascarita returned highly anomalous polymetallic values, with sample D504728,
from the lip of a breccia structure that is estimat ed to be 3 m in width, returning 1,170 g/t silver,
2.72 g/t gold, and 1.02% zinc and sample D504727, from the surface outcrop of the 1.3 m wide
La Cascarita vein, returning 331 g/t silver, 0.067 g/t gold; and 1.63% lead .
Figure 1: Plan view of potential exploration target s at the Cerro
Cascaron project
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Figure 2: Theoretical cross-section (through line A to A’ of Figure 1) of potential
exploration targets at Cerro Cascaron project
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 pur poses of National Instrument 43-101, and has
reviewed and approved the technical information her ein. Evrim Resources has advised that their
quality control procedure is as follows: Samples we re delivered to ALS Global in Hermosillo,
Sonora for sample preparation and to the ALS labora tory in North Vancouver for analysis. The
Hermosillo facility has ISO 9001:2008 certification while the North Vancouver facility has ISO/IE
17025:2005 certification. Blank samples were inser ted 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 analys is 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 an experienced board of
directors and management whose collective geologica l and financing experience exceeds 200
years. Harvest also holds three fully registered m ineral 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 wh ose goal is to participate in significant
exploration discoveries supported by a sustainable business model. The Company is well financed,
has a diverse range of quality projects and a datab ase in Mexico and portions of the southwestern
United States. The existing projects, and generatio n of quality exploration targets and ideas, are
advanced through option and joint venture agreement s with industry partners to create shareholder
value. Evrim’s business plan also includes royalty 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]
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FORWARD-LOOKING STATEMENTS: This news release conta ins certain "forward-looking statements" within the
meaning of Section 21E of the United States Securit ies Exchange Act of 1934, as amended. Except for st atements of
historical fact relating to the company, certain in formation contained herein constitutes forward-look ing statements.
Forward-looking statements are frequently character ized by words such as "plan," "expect," "project," "intend,"
"believe," "anticipate", "estimate" and other similar words, or statements that certain events or cond itions "may" or "will"
occur. Forward-looking statements are based on the opinions and estimates of management at the date th e statements are
made, and are subject to a variety of risks and unc ertainties and other factors that could cause actua l 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 prope rties, the uncertainties involved in interpreting d rilling 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 cost s of financing needed in the future and other facto rs. The Company
undertakes no obligation to update forward-looking statements if circumstances or management's estimat es or opinions
should change. The reader is cautioned not to plac e undue reliance on forward-looking statements. Neither the TSX
Venture Exchange nor its Regulation Services Provid er (as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.