Harvest Initiates B.c. Exploration Programs with Preparation FOR Airborne Magnetic Surveys at Emerson and Jacobite
HARVEST INITIATES B.C. EXPLORATION PROGRAMS WITH PREPARATION FOR
AIRBORNE MAGNETIC SURVEYS AT EMERSON AND JACOBITE
Vancouver, British Columbia / September 24, 2020 - Harvest Gold Corporation (TSX.V:
HVG) (“ Harvest Gold” or the “ Company”) announces it has asked Equity Exploration
Consultants Ltd. (“ Equity Exploration”) to seek bids to execute an airborne magnetics survey
over its Emerson and Jacobite properties in the Interior Plateau of British Columbia.
Henry Awmack, P.Eng., who developed the Emerson and Jacobite projects, is a member of Harvest
Gold’s technical advis ory board and states: “These airborne magnetics surveys require limited
preparation and deliver excellent value for money. They will provide us with an initial data set that
gives us a much better understanding of the geological context for the Blackwater target (Emerson)
and the porphyry targets (Emerson and Jacobite) . As importantly, this will help guide our line
cutting and ground IP programs that we will use to confirm drill targets.”
Rick Mark, President and CEO of Harvest Gold states: We are every exc ited to embark on our
search for gold and copper gold porphyry ore bodies on our three 100% owned BC properties. This
moment really is the result of Henry’s seven -year geological sleuthing mission to find deposits
within the fertile geology of the interior plateau of British Columbia. Our entire team is looking
forward to working with Henry and Equity Exploration to achieve our now shared goal.”
For both the Blackwater target (Emerson) and the porphyry targets (Emerson and Jacobite), the
airborne magnetic survey specifications are to fly at approximately 50m ground clearance and
100m line spacing over the entire properties. The survey results will:
1. Help identify lithologies and alteration zones. Each lithology and type of alteration has a
characteristic range of magnetic susceptibilities. Interpretation of the magnetic survey will
differentiate areas underlain by different lithologies and alteration types. This will be very
helpful as a guide to mapping and for interpolating between outcrops.
2. Help identify structures. Faults will juxtapose units of different magnetic susceptibilities
beside each other and fluids traveling along faults will commonly destroy magnetite. Faults
can be inferred from magnetic data by linear discontinuities and lows. Interpreted structures
will probably be important in controlling the emplacement and subsequent displacement of
the deposit.
The magnetic survey will have an additional, more direct, use in porphyry exploration. The addition
of magnetite may be an important constituent of the potassic alteration zone in the core of a
porphyry system. This is certainly the case with the Babine porphyry deposits (the target at Jacobite)
where the Cu-Au deposits are hosted by magnetite-bearing potassic alteration. An historic ground
magnetic survey on the Jacobite property showed a secondary magnetic high over an area with
anomalous Cu-Mo that was noted in a 2018 soil sampling program, suggesting that it represents
magnetite-bearing potassic alteration. Harvest Gold can only speculate whether potassic alteration
would be magnetite-bearing in a hypothetical Emerson porphyry, but a magnetic survey would help
answer that question and might lead directly to a porphyry center.
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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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.
About Harvest Gold
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 of Directors, management team and
technical advisors have collective geological and financing experience exceeding 400 years.
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
@ 604.682.2928 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 inc ludes 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, ar e 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. Details of the sampling m ethods, 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’ 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 possi ble 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”, “possible extension” or “exploration 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 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 econo mic, 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.