Soil Geochemistry Identifies High Priority GOLD-Silver Drill Target with Strike Length of over 1.8 Km at Cerro Cascaron Project
SOIL GEOCHEMISTRY IDENTIFIES HIGH PRIORITY GOLD-SILVER DRILL
TARGET WITH STRIKE LENGTH OF OVER 1.8 KM AT CERRO CASCARON
PROJECT
Vancouver, British Columbia, Octob er 18, 2017 Harvest Gold Corporation (TSX.V:HVG)
(“Harvest Gold” or the “ Company”) and Evrim Resources Corp. (“Evrim”) (TSX.V:EVM) are
pleased to announce soil sampling results from its Phase 1 exploration program at the high-grade
Cerro Cascaron gold-silver project in Mexico.
The extensive soil sampling program covered an area of 4.5 kilometres by 1.6 kilometres north of
the main gold vein field. Results have exte nded known veins, identified two new corridors and
have highlighted a 1.4 kilometre-long, very str ong gold-silver trend to the north of the highly
prospective Serpiente Dorada ve in. Highly anomalous soil samples, including one that assayed
1.38 grams per tonne (“g/t”) gold were also coll ected in the corridor wh ere Serpiente Dorada
intersects a newly identified, 1.8 kilometre long gold rich corridor (the “new vein corridor target”).
This intersection is a very prospective targ et which is now a focus of the current mapping
and drill targeting program. (see Figure 1).
Figure 1: Showing composite rock chip and soil sampling results over the Serpiente Dorado and New vein corridor target
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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Previous hand sampling of Serpiente Dorado return ed gold grades from trace to 1,670 g/t gold and
1,490 g/t silver (see Harvest Gold press release dated July 12, 2017). [* Readers are cautioned
that rock chip and grab samples are selected samples and are not necessarily representative of the
mineralization hosted on the property.]
The area around the Serpiente Dorada vein and new vein corridor target define extensive gold and
silver soil anomalies and arsenic and antimony anomalism. The known soil anomaly at Serpiente
Dorada also suggests that significant gold-silver mineralization can be found over a range of
elevation of at least 350 metres.
Warren Bates, P. Geo., the Company’s Director of Project Investigation said: “We are very
pleased with the results of the soil sampling pr ogram, which has significantly extended the
potential strike length of known gold beari ng veins and has defined a very prospective
intersection of a new vein corridor target and the Serpiente Dorada vein. The combination of initial
rock sampling and mapping, results of the recent soil sampling, and the three-dimensional view
provided by the project’s 900 metre vertical cliff side topography and colonial era adits, allow us a
very helpful perspective of the vertical size a nd potential of the high-grade gold veins in the
project area. We await the conclusion of the mapping and sampling programs over the main
Cascaron gold vein field that will allow us to finalize several drilling locations for our initial drill
program.”
The pathfinder soil geochemistry strongly suppo rts previous rock sampling, which, when
combined, define several corridors with strike lengths ranging from 400 metres to 1.8 kilometres
over seven known mineralized zones (See Figures 2 and 3 and Table 1). In addition to the new
vein/Serpiente Dorado intersection, these other co rridors also merit further exploration, including
diamond drilling.
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Figure 2: Gold in soil sampling within the northern area of the main vein field, and known gold-silver occurrences.
Figure 3: Clockwise from top left. Silver (Ag), Lead (Pb), Manganese (Mn), Barium (Ba), Mercury (Hg) and
Antimony (Sb) in soil sampling within the northern area of the main vein field, and known gold-silver
occurrences.
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Table 1: Cascaron Gold Vein corridors
Vein Name Original sampled length
(m) from rock sampling
Conceptual length of vein corridor
from gold, silver or pathfinder
geochemistry (m)
Comment
Serpiente Dorada 400 1,400 Open along strike to southwest. Strong
Au, Ag, Sb, Mn
New Vein (from soils) 0 1,800 Strong Au, Ag, Sb, Hg
La Puerta 0 600 Au, Ag
M Vein 300 950 Strong Ag, Sb, Pb
San Pedro Parallel
(New target from soils) 0 800 Located 300 m to the east of San Pedro
Strong Ag, Sb
San Pedro 200 1,500 Open to north and south along strike
Strong Ag, Hg, Pb, Mn
Carabina 250 1,800 Open to north and south along strike Au,
Ag, Pb, Zn, As, Sb, Mn
Topographical Advantage of Cerro Cascaron Gold Veins
Within the main Cero Cascaron vein field, vertical separation of targets consistent with a classic
elevation controlled epithermal model of minera l deposition has been observed with the boiling
zone (high grade gold targets) occurring beneath an elevated plateau. 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 fi eld, from the north-south trending Carabina and
San Pedro veins in the west to the Julieta a nd Serpiente Dorado veins in the east that are
distributed along a hillside over a horizontal dist ance of approximately three kilometres, with
some significant gold grades. Previous mapping and sampling programs have extended these veins
to the north onto the plateau where textural observations indicate high level textures that typically
occur above boiling zones within veins and represent excellent targets. It is these vein extensions,
under the plateau, that were the focus of the soil sampling program.
The Cerro Cascaron project covers 69 square kilometr es in a historic Colonial-era mining district
in the prolific Sierra Madre Occidental precious metals belt of western Chihuahua State, Mexico
and has never been subjected to modern exploration or drilling.
Cascaron Gold Field Soil Sampling
Soil samples were collected in a grid pattern on east-west oriented lines 200 metres apart with
samples collected every 50 metres. The soil grid lines were oriented to sample the northern
projections of the Serpiente Dorada, San Pedro a nd Carabina veins into covered areas at higher
elevations with limited outcrop exposure. The sampling extended from the northern property
boundaries southwards to the cliffs that mark the andesite – rhyolite contact. Excluding QA/QC
samples, a total of 877 soil samples were collected. The area has been mapped as largely underlain
by rhyolite flows. The area may represent a rhyo lite dome complex with rhyolite tuffs interbedded
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with andesites and all cut by rhyolite dykes. These rocks are overlain by ignimbrites at the highest
elevations and probably represent the Upper Volcanic Sequence of the Sierra Madre Occidental.
A series of sample plots were developed that utilize a combination of anomalous levels for
multiple elements. Thresholds were set at two, three, five and ten times average crustal
abundances for several elements of interest and, as this is a statistically significant data set,
percentile levels for elements of interest and pathfinders were calculated and used as a
confirmation tool and as an additional reference.
A varied multi-element geochemical response was found for each of seven vein corridors, using
the elements gold (Figure 1), silver, and the pathfinder elements lead, manganese, barium,
mercury, antimony, arsenic and zinc (Figure 2 and Figure 3).
As noted above, the area around the Serpiente Do rada and new vein corridor target, define
extensive gold and silver soil anomalies coupled with arsenic and antimony anomalism.
The Carabina, San Pedro, and La Puerta areas s how a more muted but significant soil response in
gold, silver and pathfinders along strike from know n gold-silver mineralization and two additional
areas between San Pedro and La Puerta, have significant pathfinder element responses.
As a follow-up, detailed mapping and sampling w ill be conducted in the current exploration
program, prior to determining drill targets.
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, 2017 for a full description of previous exploration results.
About the Cerro Cascaron Project
The Cerro Cascaron property hosts a low to inte rmediate sulphidation ep ithermal 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 evid ence 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 sim ilar 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 further south, First Majestic’s San Mar tin de Bolanos silver
mine in Jalisco State. The property is approxima tely 55 kilometres southeast of Goldcorp Inc.’s
past-producing El Sauzal gold mine and is on e of the few unexplored and undrilled opportunities
in the region.
Harvest has signed an option agreement with Evrim whereby Harvest can earn up to an 80%
interest in the 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 pu rposes of National Instrument 43-101, and has
reviewed and approved the technical information herein.
Evrim Resources has advised that their quality c ontrol 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 Hermos illo facility has ISO 9001:2008 certification while
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the North Vancouver facility has ISO/IE 17025:20 05 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 explor ation company with an experienced board of
directors and management whose collective ge ological and financing experience exceeds 200
years. Harvest also holds three fully registered mineral 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 compa ny 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 data base in Mexico and portions of the southwestern
United States. The existing projects, and generati on 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 utiliz ing 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 ne ws release contains certain "for ward-looking statements" within the
meaning of Section 21E of the United Stat es Securities Exchange Act of 1934, as amended. Except for statements of
historical fact relating to the company, certain informa tion contained herein constitutes forward-looking statements.
Forward-looking statements are frequentl y characterized by words such as "p lan," "expect," "pro ject," "intend,"
"believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or
"will" occur. Forward-looking statements are based on the op inions and estimates of management at the date the
statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the forward-looking statemen ts. These factors include the
inherent risks involved in the explor ation and development of mineral prop erties, the uncertainties involved in
interpreting drilling 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 costs of financing needed in the future and
other factors. The Company undertakes no obligation to update forward-looking statem ents if circumstances or
management's estimates or opinions shoul d change. The reader is cautioned no t to place undue reli ance on forward-
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.