Harvest Gold Provides Shareholder Update
Harvest Gold Provides Shareholder Update
Vancouver, British Columbia / April 12, 2021 - Harvest Gold Corporation (TSX.V: HVG)
(“Harvest Gold” or the “Company”) is pleased to provide an update to its shareholders.
Harvest Gold President and CEO Rick Mark states: “The team at Harvest Gold wishes to thank all
of its shareholders for their continued support and patience in this c hallenging Covid year and
particularly to the over 7 00 shareholders on our e -mail list who receive e -mail blasts and news
releases from us. I appreciate your feedback and invite all shareholders to reach out to us. Feedback
is essential to operating any public company.”
Exploration Summary and Update:
Harvest Gold would like to recognize its “exploration arm”, Equity Explorations (“Equity”). Their
work on planning, executing and reporting has been focused, first class and productive. They have
exceeded expectations . Equity has also played a key role in the numerous discussions and
consulations with the BC G overnment and Indiginous Nations, who are both integral to the
development of the Company’s three BC properties.
Equity, with ongoing consultation with the Harve st Gold technical team, has taken the lead in
conceiving the exploration plan for 2021. In the fall of 2020 that meant preparing the Notice of
Work (“NOW”) application for the BC Government for work on each project. The NOWs were
submitted in early December, 2020 laying out specific details of a two step exploration plan for this
year. Step one at Emerson consists of reconnaisance drilling and ground IP surveys while Step two
is the expected diamond drilling which will be vectored by the cumuative information gathered.
(Note that the January, 2021 Airborne Magnetic Survey did not require a permit).
The results from the detailed analysis of the Airborne Magnetic survey conducted by Fathom
Geophysics have been reported over the last two months (News Releases dated Feb.10, Mar.15 and
Apr. 8/21). Fathom’s analysis has confirmed Harvest Gold’s initial hypothesis and has more clearly
defined, larger prospetcive target areas for large scale Gold and Copper Gold Porphry deposits on
these 100% owned properties.
In mid-March the B.C. Government reponded to the NOW applications and have been assisting the
Company in refining them to meet various parameters for approval. This allignment process is all
but complete and the final NOW will be fromally referred to other agencies and the Indiginous
Nations as soon as this week. Contractors for the reconnaisse drill program and IP surveys are
being vetted now.
HARVEST GOLD CORPORATION
Suite 400 – 1681 Chestnut Street
Vancouver, BC V6CJ 4M6
T: (604) 737-2303
F: (604) 737-1140
W: www.harvestgoldcorp.com
A Neighbor to Watch: Sun Summit Minerals, TSXV: SMN:
As we have mentioned in past releases, our nearby neighbor Sun Summits’ Buck deposit is
capturing wide attention these days. Their stock has moved from the $0.20 range to over $0.60 in
the past few months due to the strong gold drill results they have been announcing to the market,
with more results to come. The Buck deposit is as close as 20 km to Harvest Gold’s properties and
like Emerson’s targets, it occurs within a larger regional Late Cretaceous to Eocene magmatic arc
in the intermontane belt of BC. This Cretaceous-Eocene magmatic arc is endowed with a number
of significant copper and gold deposits which include the New Prosperity porphyry Cu -Au-Mo
deposit, the Blackwater Au deposit, and the Bell Copper and Granisle porphyry Cu-Au-Mo mines.
This very recent exploration success by Sun Summit highlights the underexplored value of this age
of intrusions in BC. The Harvest Gold team is watching Sun Summit closely, as their success will
bring attention to the Company’s projects. That is confirmed by the fact that all the ground around
Harvest Gold has been staked since these good drill results were released. So, attention to the play
is building and that is good for all Harvest Gold shareholders.
Pace of Play
Government:
Exploration in BC is a challenge for all working there these days and especially in the Smithers
office sevrving the very large region of Cental BC. Two realities are slowing work down. First,
the Covid-19 situation has meant fewer workers are available and so line ups occur almost every
step along the way. Second, due in part to the rising metals prices and recent major mergers in the
region, risk/reward investing has returned and the requests for work permits has risen dramatically
to the point that today there are 60 t o 80 permit applications waiting . The Government has
acknowledged these challenges and has been extremely helpful since Harvest Gold made it to the
head of the que. The Company expects the Emerson NOW to be posted as soon as this week and
will inform the market when it is published. In the past, permits have followed within 30 to 60 days
from the NOW posting.
Indiginous Nations Consultations:
The Harvest Gold board of directors (the “Board”) and management team recognize the importance
of establishing relationships, based on mutual trust and respect, with local Indigenous communities
who may have an interest in the Company’s exploration plans and activities. Harvest Gold hired
C3 Alliance Corp (“C3”) in late August of last year to assist the Company in developing Indigenous
relationships. Sarah Weber, C3 CEO, has played a lead role in reaching out to the Indigenous
Nations including the Wet’suwet’en Nation and the Lake Babine Nation since September.
Harvest believes in creating a two-way dialogue with local communities and Harvest Gold’s CEO,
Rick Mark has met personally ( via Zoom) with leaders from four communities to introduce the
Company and provide detail s on exploration plans. Equity and C3 continue regular engagement
on an operational level. Harvest is committed to a respectful and productive relationship with each
community.
In closing, Harvest Gold would again like to thank its shareholders, vendors, and supporters as the
Company prepares for the next important stage of its exploration journey.
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’s Board, 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 G old 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 Corporation (the “Company”) 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 includes technical information that was generated prior to the introduction of
National Instrument 43 -101. Deta ils of the sampling methods, 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 extracte d from these
companies’ press 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 outcomes 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”, “pos sible extension” or “exploration potential” or by symbols such as “?”. Such
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 fro m 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 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-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.