Phase 1 at Cerro Cascaron Complete; Drill Targeting Underway
PHASE 1 AT CERRO CASCARON COMPLETE; DRILL TARGETING UNDERWAY
Vancouver, British Columbia, November 27, 2017 Harvest Gold Corporation (TSX.V:HVG)
(“Harvest Gold” or the “ Company”) and Evrim Resources Corp. (“Evrim”) (TSX.V:EVM) are
pleased to announce the completion of the phase one exploration program at the high-grade Cerro
Cascaron gold -silver project in Mexico. The combined Evrim/Harvest geologic al teams have
begun the work to define drill targets and will meet in Vancouver next week to finalize and
prioritize these targets.
The Cerro Cascaron project covers 69 square kilometres in a historic Colonial -era mining district
in the prolific Sierra Madre Occidental (“SMO”) precious metals belt of western Chihuahua State .
Harvest Gold has the right to earn up to an 80% interest in the Project by incurring certain
exploration expenditur es, making cash and share payments and delivering a 43 -101 compliant
feasibility study.
Cerro Cascaron Phase 1 Exploration Highlights
Soil sampling defined 1.8 -kilometre-long gold – rich vein corridor extending north
and east of the Julieta and Serpiente Dorada veins and includes a sample that assayed
1.38 grams per tonne (g/t) and is a high priority target for drill testing;
Soil sampling extended all veins by 600 to 1,800 metres in strike length;
Mapping following soil sampling defined new veins (El Salto and El Tascate) within
the Cascaron vein field with a total of 16 veins now identified in the vein field;
Sampling of adits at the Cascarita silver/polymetallic showing returned five channel
sample cuts with widths of 1.4 to 3.3 metres that grade between 231 and 542 g/t silver
equivalent*;
Six sub-parallel veins were defined over an area of 300 metres x 900 metres in silver
rich Cascarita area;
Harvest Gold’s President and CEO Rick Mark states: “ The phase one exploration program at
Cerro Cascaron has successfully demonstrated the size potential of the Cascaron vein field
with extensions of all veins to the north of high -grade gold sampled in old workings. The
latest sampling of ore grades and widths at the silver -rich Cascarita prospect presents an
exciting new development.”
Vice President of New Opportunities and Exploration for Evrim, Charles Funk commented: “The
phase one exploration program at Cerro Cascaron has successfully demonstrated the size potential
of the Cascaron vein field with extensions of all veins to the north of high grade gold sampled in
old workings. New sampling at the silver rich Cascarita prospect of ore grades and widths is an
HARVEST GOLD CORP.
Suite 804 – 750 West Pender Street
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exciting new development. We look forward to Harvest Gold progressing to te st these drill ready
targets in early 2018.”
Cascarita Adit Sampling
In the Cascarita area, six vein systems are present within a 900 metre by 300 metre corridor of
northwest-striking structures. The fault -bounded structures attain appreciable widths of u p to 3.3
metres with associated and locally extensive zones of stockwork veining up to 20 metres wide that
locally link parallel structures. Mineralized structures comprise dominantly quartz±barite breccia -
veins with polymetallic sulphides. Quartz texture s include colloform and drusiform quartz and
local amethyst. Boiling textures are present as quartz pseudomorphs after bladed calcite at the
Coralillo Vein. Polymictic breccias that locally include quartz vein fragments suggest significant
reactivation and movement along faults. Significant base metal sulphide development is reflected
by very high lead and zinc with anomalous copper, arsenic and antimony geochemistry. Veins and
sampling locations are shown in Figures 1 and 2.
Figure 1 Cascarita prospect
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Figure 2 Detailed area showing adit sampling location and results
Soil Sampling
A soil sampling program was completed over the Cascaron vein field area to define the extension
of the veins northward and at a higher elevation. Earlier Evrim sampling had demonstrated high
gold grades along the base of a silicified rhyolite tuff cliff with common old workings and
prospecting had suggested northern extensions to these veins . The soil sampling program was
successful in extending all veins by 600 metres to 1,800 metres in strike length. Importantly the
veins occur at higher elevations above the boiling zone where high gold grades are sampled.
Drilling these veins at the same elevation as the old workings is the next exploration step.
The sampling program defined two new vein corridors that follow -up mapping confirmed as
quartz/calcite veins labelled El Salto and El Tascate. A 1.8km long, very prominent gold in soil
vein corridor north and eas t of the Julieta and Serpiente Dorada veins includes a sample that
assayed 1.38 grams per tonne (g/t) and is a high priority target for drill testing.
Mapping
The geology in th e area of the Cascaron vein field is lithologically and structurally complex. The
uppermost and youngest lithology of the vein field comprises ignimbrites of the Upper Series
Sierra Madre Occidental Volcanics. The ignimbrites overlie a conformable package of rhyolitic
tuffs and pyroclastic horizons with in tercalated fine-grained tuffs. This dominantly felsic volcanic
package in turn overlies a series of andesite flows with intercalated basalt flows. The intercalated
andesite/basalt flows overlie andesite flows and rhyolite flows. A series of aphanitic rhyol itic
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dykes that locally exhibit flow textures, cut the whole volcanic sequence except for the
igmimbrites and the rhyolitic tuffs of the upper part of the SMO.
Overall, mineralization in the soil and rock geochemical corridors corresponds to quartz and
calcite veins with low temperature textures indicative of the highest levels of the epithermal
system. Limited wallrock alteration also suggests that the structures are high level exposures. The
quartz veins have well-defined structural controls.
Figure 3 The highly anomalous gold in soil trend north and east of Julieta and Serpiente Dorada
About the Cerro Cascaron Project
The Cerro Cascaron property hosts a low to intermediate sulphidation epithermal gold bearing
system and includes a high -grade gold vein field measuring approximately 18 square kilometres
in area on the eastern third of the property. Veining has been mapped on a cliff face for over 900
vertical metres, with classic textural evidence 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. Beneath the boiling zones, silver - and base metal -rich veins and
breccias provide additional exploration targets.
Cerro Cascaron’s setting and mineralization is similar to many epithermal deposits in the Sierra
Madre Occidental, including Fresnillo PLC's La Cienega Mine in Durango, Goldcorp’s past
producing El Sauzal gold mine and f urther south, First Majestic’s San Martin de Bolanos silver
mine in Jalisco State. The property is approximately 55 kilometres southeast of Goldcorp Inc.’s
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past-producing El Sauzal gold mine and is one of the few unexplored and undrilled opportunities
in the region.
Readers should refer to Evrim’s press releases dated June 8 and August 17, 2016 and Harvest Gold
press releases dated June 8 and 15 and October 5 and 18, 2017 for a full description of previous
exploration results.
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.
Evrim Resources has advised that their quality control procedure is as follows: Samples were
delivered to ALS Global in Hermosillo, Sonora for sample preparation and to the ALS laboratory
in North Vancouver for analysis. The Hermosillo f acility has ISO 9001:2008 certification while
the North Vancouver facility has ISO/IE 17025:2005 certification. Blank soil samples were
inserted into the sample sequence at a frequency of one per 40 samples. Samples were assayed for
gold by 30 gram fire assay and multi-element analysis by aqua regia and ICP analysis.
About Harvest Gold
Harvest Gold is a gold -focused mineral exploration company with an experienced board of
directors and management whose collective geological and financing experience exceeds 200
years. Harvest also holds three fully registered mineral conces sions 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 whose 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 database in Mexico and portions of the southwestern
United States. The existing projects, and generation of quality exploration targets and ideas, are
advanced through option and joint venture agreements 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
Rick Mark
President and CEO
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 constitutes forward -looking statements.
Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend,"
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"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 uncertainties and other facto rs that could cause actual
events or results to differ materially from those projected in the forward -looking statements. These factors include the
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inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in
interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns o r
unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and
other factors. The Company undertakes no obligation to update forward -looking statements if circumstances or
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