HARVEST GOLD ANNOUNCES PLANS FOR ITS CUD CLAIM PROPERTY LOCATED ADJACENT TO SAN GOLD'S #2-3 ZONE IN RICE LAKE GOLDBELT, MANITOBA
Vancouver, B.C., May 5, 2011. Harvest Gold Corporation (TSX.V: HVG) (the "Company") is pleased to announce that it has signed contracts for line cutting and geophysical surveying of its 100% owned CUD property. The program is designed to investigate and drill test the Cud Claim property located adjacent to San Gold Corporation's #2-3 Zone, near Bissett, Manitoba.
The first phase of the program will consist of 10 kilometers of line cutting and ground magnetic geophysical surveys and is expected to take 2-3 weeks to complete. This work will prepare the property for an Induced Polarization survey, geological mapping, geochemical surveys and other prospecting methods all of which will be used in the prioritization of potential drill targets.
ased on technical reports available in Manitoba Government assessment files and on San Gold's website, San Gold drilled 16 Diamond holes in 2005 located between 40 m and 180 m of the Company's CUD claims' southern and western boundary. This boundary is shared with San Gold claims San 1 and Jade 2. The 16 holes were drilled in a south-southwest direction to intersect a north plunging zone of gold mineralization.
The Company's CUD Claim may cover the down dip extent of this mineralized zone and also may host separate mineralized structures as those which host the gold mineralization on the neighboring San Gold claims. The San Gold drill holes are close to the Cud claim boundary indicating the mineralization may continue onto Harvest Gold's claims at depth. Available drill hole information is being modeled to determine the best sites to test for the continuation of gold mineralization and additional mineralized zones on Harvest's CUD3 claim. Drill intercept highlights reported by San Gold from the 2005 drill program include 19.5 feet assaying 0.51 ounce per tonne gold in hole SG-05-47, 21 feet assaying 0.21 ounce per tonne gold in hole SG-05-51 and 8.9 feet assaying 0.33 ounce per tonne gold in hole SG-05-39.
The Cud3 claim property is located 7 km from the gold mining community of Bissett, Manitoba where San Gold Resources Corporation is operating two mines and a mill. CLICK HERE TO READ MORE
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Harvest Gold Corporation
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EXPLORATION STAGE |
CODE : HVG.V |
ISIN : CA4175322078 |
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Harvest Gold is a gold exploration company based in Canada. Harvest Gold holds various exploration projects in Canada. Its main exploration properties are ROSEBUD in USA and RICE LAKE GOLD BELT, RW, ASSEAN LAKE, GARCIA FLATS and CUD3 in Canada. Harvest Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 1.5 millions, € 1.3 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.42, and its lowest recent point on October 18, 2019 at CA$ 0.01. Harvest Gold has 50 780 000 shares outstanding. |