Vancouver, British Columbia – November 10, 2021 – Harvest Gold Corporation (“Harvest”, “Harvest Gold” or the “Company”) (TSXV: HVG) announces that it has successfully met the property work requirement and 2021 cash payments required to earn a 100%* interest in the Emerson property.
Harvest Gold’s’ President and CEO Rick Mark commented: “We have been very encouraged by the reaction to our recent 3D IP results on our flagship Emerson project. Today, we are informing our shareholders and the market that we now own 100% of Emerson, save cash payments totaling $150,000 through 2024, which we can pay in full at our discretion. There is a 1.5% NSR on Emerson.
The Company has also earned a 100% interest in the Goathorn property with the same cash payment/NSR as Emerson.
Finally, the Company also reached an agreement with the property vendors, Running Dog Resources Ltd. (“Running Dog”) and Attunga Holdings Inc. (“Attunga”), whereby the Company can earn a 100% interest in the Jacobite project by the completion of a 2D induced polarization (“IP”) survey on Jacobite in 2022, with the same cash payment/NSR terms.
The 56 km2 Emerson project comprises 14 contiguous mineral claims located 15 km west of Houston, B.C. with a nearby railroad, high voltage powerline and gas pipeline. Harvest Gold has successfully completed its predrill exploration plan with the completion of an airborne magnetic survey in January, 2021, a top-of-bedrock RAB drilling program in July/August, 2021 and a 3D IP survey in September, 2021. The Company has confirmed its Blackwater near surface gold model hypothesis and the Emerson project is now ready for its maiden core drilling program.
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.
*Subject to completion of yearly cash payments, Advance Royalty Payments and a 1.5% NSR to the Vendors. One half of the NSR royalty (0.75%) may be purchased for $500,000 prior to the publication of a mineral resource or for $1,500,000 thereafter. See Harvest Gold news release dated June 23, 2020 for details.
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 Gold’s board of directors, 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 Gold 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 info@harvestgoldcorp.com
