Harvest GOLD Receives IP Results from Its 100% Owned Goathorn Property and Expands Goathorn to the Northeast
HARVEST GOLD RECEIVES IP RESULTS FROM ITS 100% OWNED GOATHORN
PROPERTY AND EXPANDS GOATHORN TO THE NORTHEAST
Vancouver, British Columbia / February 10, 2022 - Harvest Gold Corporation (TSX.V: HVG)
(“Harvest Gold”, “Harvest” or the “ Company”) is pleased to announce that it has received induced
polarization (“IP”) results for its 100% owned Au-Cu Goathorn Property located in centr al BC. The 23
km2 Goathorn Property comprises six contiguous mineral claims located 20 km southeast of Smithers, BC.
with a nearby railroad, high voltage powerline and gas p ipeline. Goathorn is located 15 km northwest of
the Company’s flagship property, Emerson.
Harvest Gold now has chargeability and resistivity inve rsions for the 11 .3 line-km IP survey carried out
on the Goathorn Property in September 2021. As well, the Company has extended the Goathorn Property
to the n ortheast by acquiring a n addi tional 5.24 km2 claim block. This new claim covers a histor ic IP
survey from 2012.
Chargeability levels in the 2021 IP survey are roughly similar to those reported from the historic 2012 IP
survey (Figure 1). The Company believes the chargeability anomalies in the two IP surveys ind icate a
single body of sulphide-bearing rocks over at least 5.3 km in l ength on the Goa thorn Property. These
sulphide-bearing rocks and the extensive magnet ite skarn are interpreted to represent the cap above a
major porphyry system.
Harvest Gold President and CEO, Rick Mark, stated: “Goathorn has been considered a key part of the
Company’s porphyry strategy. Today we are introducing the Goathorn Property to our shareholders and
the market. Like our nearby Emerson project, Goathorn is road accessible and is located clo se to the
power and transportation corridor of Highway 16 and the resource communities of Smithers and Houston,
BC.”
Henry Awmack, a member of Harves t Gold’s Technical Advisory Board and property co-vendor, stated:
“We staked the Goathorn Property because we suspected a buried porphyry deposit could be underlying
the property. We did so based on several observations (Figure 2); a prominent bulls-eye magnetic high,
later d etermined to be an ex tensive magnetite skarn ; reported 1970’s copper showin gs in B ritish
Columbia’s Minfile database; and a reported chargeability high from a 2012 IP surve y to the northeast,
initially thought to represent a pyrite halo peripheral to our porphyry target.
Our mapping has shown there are several generations of porphyritic intrusions and more importantly, we
discovered a copper mineralized porphyry dyke in a r oad-cut supporting our hypothesis that a porphyry
system may be associated with the magnetic high . Sampling returned a high Au:Cu ratio of 1 /3 (as
calculated by g/t Au divided by percent Cu) and age dating of the dyke returned a 72 Ma age, placing it in
the met al-rich Late Cretaceous intrusive su ite hosting gol d-rich deposits like New Prosperity and
Blackwater. The occurrence lies in the vicinity of our chargeability anomaly but its low sulphide content
(<2%) would negate it being the source of our chargeability anomaly which exceeds 20 mV/V beneath
it.”
The 2021 IP s urvey at Goathorn was designed as a reconnaissance test in the vicinity of the magnetite
skarn an d the copper -gold mineralized dykes. It was conducted along four southeasterly-trending lines
spaced 400 m apart (Figure 1). Inversions at depths of 100-500m below surface reveal a northeasterly -
trending chargeability high ( >10 mV/V) ranging from 400 m to >13 00m wi de and extendi ng along the
entire 1200m length of the IP grid.
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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Harvest Gold has ex tended the Go athorn Property to the n ortheast by acquiring a 5 .24 km2 claim block
(Figure 1). This new claim covers the historic IP survey with a reported 1400 m x 1800 m chargeab ility
high (>10 mV/V) wh ich is ali gned with the charge ability anomaly revealed by Harvest Gold’s 2021 IP
survey. Harvest Gold has not verified the results of the historic IP survey.
Figure 1. Chargeability from Harvest Gold’s 2021 Goathorn IP sur vey and the historic 2012 IP survey
on the newly acquired claim. Harvest G old’s 2021 s urvey shows the charg eability inversion at 400 m
below surface. The historic survey shows chargeability using a 21-point filter rather than an inversion.
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Figure 2. Reduced-to-pole (RTP) airborne magnetics over the Goathorn property showing the location of
the airborne magnetic high, the 2021 IP survey , the 1970 ’s Minfile copper occurrences and the newly-
acquired claim.
Qualified Person Statement
The disclosure of technical or scientific information in this press release has been reviewed and approved
by Warren Bates , P.Geo. D irector of Property Investigations for Harvest Gold. Mr. Bates serves as a
Qualified Person under the definition of National Instrument 43-101.
About Harvest Gold Corporation
Harvest Gold i s focused o n the Interior Plateau of British Co lumbia e xploring f or near surface Gold
deposits and Copper Gol d Porphyry deposits. Harvest Gold’s board of director s, management team and
technical advisors have collective geological and financing experience exceeding 400 years.
Harvest Gold acknowledges that th e Emerson and Goathorn Pro jects are s ituated in the tr aditional
territory of the Wet’suet’en Nation while the Jacobite Project is situated in the traditional territory of the
Lake B abine Nation. Harvest Gold is committed to developing positive and mutually benefici al
relationships based on respect and transparency with local Indigenous communities.
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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 Excha nge nor its Regulation Services Provider (as that term i s 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 i ncludes certa in statements t hat may be deemed "forw ard looking s tatements". All stat ements in this news
release, o ther than statements of historical facts, that address events o r developm ents that Harves t Gold expe cts to occur, are
forward looking statemen ts. Fo rward l ooking statements are statements that are not h istorical facts and are generally, but not
always, ide ntified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "project s", "potential" a nd
similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Although the C ompany b elieves the expectations expressed in such forward -looking statemen ts are b ased on re asonable
assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the
forward-looking statements. Factors tha t could cause the actual results to differ materially from th ose in f orward loo king
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 actu al results or dev elopments may differ materially from those projected in the forward -looking statements.
Forward looking state ments are based on the b eliefs, estimates and opi nions of the Company’s management on the dat e the
statements are made. Except as required by secur ities laws, the Company u ndertakes no obligation to u pdate these forward -
looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.