Harvest Gold Corporation

Published : May 15th, 2009

Seeks JV Partner for Rosebud

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HARVEST GOLD CORP.

301 � 260 W. Esplanade
North Vancouver, B.C.

V7M 3G7

 

Tel: (604) 986-2020
Fax: (604) 986-2021
Toll Free: 1-866-816-0118
 

 

 

http://harvestgoldcorp.com/rosebudexecutivesummary-may14.jpg

 

Dear Harvest Gold followers,

 

Today, we have announced two important steps that will help build Harvest Gold's value. (see both releases below).

 

This morning's release introduced our newest Director, Bob Cuffney, from Reno, Nevada.

 

Bob had a long stint with White Knight Resources until US Gold came to town about two years ago, and absorbed four advanced exploration companies, including White Knight. We were fortunate to be introduced to Bob last year when we were looking for a respected, knowledgeable geologist to write our 43-101 Technical Report on our Rosebud Mine property. During that process, I was able to visit Reno and Rosebud to meet with Bob and Greg Hill. Bill McWilliam and Mark Fedikow joined us to discuss the project's potential. I also got to watch the guys work the rocks. Field visits and long drives are great ways to get to know people and I left that trip convinced Bob was someone who could help us move to bigger opportunities. Greg and the team, agreed.

 

So, as I said in the release, we are a better Company today, than we were yesterday, and we are all very excited to get things in motion, again.

 

And that leads to our second release, from this afternoon. We are formally beginning the process of finding a JV partner to drill Rosebud. The release contains highlights from the Executive Summary (which is on the website and linked below). The full document is being delivered to Companies who express a serious interest in the project and Greg, Bob and I will begin meetings next week in Nevada. We have not imposed a deadline on the search, as finding the right partner is clearly our most important task. 

 

Our market cap, at .06, is less than 3 million dollars (Cdn).

 

It has been a busy week with news from each of our three companies. I hope each "blast" has provided you with the sense that each company is moving forward and that our plans are focused and designed to build value for you.

 

Please stay in touch. 

Best Regards,

 

Rick Mark

CEO Harvest Gold Corp.


 


HARVEST GOLD ANNOUNCES ITS PLAN TO SEEK A JV PARTNER FOR ITS 100% OWNED ROSEBUD MINE PROJECT; EXECUTIVE SUMMARY POSTED ON WEBSITE

 

Vancouver, B.C., May 14, 2009. Harvest Gold Corporation (TSX.V: HVG) (the �Company�) is pleased to announce that it has released an Executive Summary of its Rosebud Mine Property to introduce the Property to potential Joint Venture partners.

 

Harvest Gold is seeking a joint-venture partner to explore the Company�s Rosebud property in Pershing County, Nevada.  The Rosebud property is an advanced exploration project consisting of 54 unpatented mining claims centered on the former Rosebud underground mine, which produced nearly 400,000 oz gold and 2,300,000 oz silver between 1997 and 2000.  The underground operation mined three high-grade ore zones, with an average production grade of 0.416 oz Au/t, 2.42 oz Ag/t.  Due to falling gold prices, the cut-off grade was increased from 0.15 oz Au/t to 0.18 oz Au/ton over the life of the mine, and mineralized material below the cutoff was left unmined.  An in-place, non-43-101-compliant inferred resource of 242,000 oz Au, 2,130,000 oz Ag (6.81 million t @ 0.036 oz Au/t, 0.31 oz Ag/t), was calculated by Hecla at the close of mining in 2000. (This historical resource estimate was made by a source believed to be reliable however the Company has not yet independently verified the estimate according to CIM standards and thus this historical estimate should not be relied upon.)

 

The Rosebud deposit is a high-grade low-sulfidation volcanic-hosted precious metals deposit, similar in origin, geologic setting, and mineralization style to other low-sulfidation gold deposits in northern Nevada, including the high-grade multi-million-ounce Sleeper and Midas deposits.The property is located in a highly mineralized portion of the Lovelock-Austin Mineral Belt, about 5 miles south of Allied Nevada�s Hycroft mine.The Hycroft mine has produced more than 1 million oz Au from low-grade disseminated ores, and production recommenced in 2008 with reserves of 1.9 million oz Au, 22 million oz Ag.

 

The Company believes that the Rosebud Mine property has excellent potential for discovery of additional high-grade gold/silver deposits as well as potentially bulk-mineable stockwork/disseminated mineralization. Harvest Gold has compiled, computerized, and reinterpreted a large volume of data gathered by the former operators of the mine (LAC, Equinox, Hecla, Newmont).

 

Based on this work, the Company has developed a new structural model for the deposit.Using this model, combined with new geological mapping and soil sampling results, the Company has generated numerous new exploration targets. A preliminary Phase I drilling program, designed to explore for high-grade shoots similar to the Chimney, high-grade veins within the unconformity zone, and bulk mineable stockwork/disseminated mineralization is proposed.

 

Harvest Gold is offering select exploration companies the opportunity to earn into the Rosebud project through funding of the Phase I exploration program.The proposed exploration program consists of additional geologic mapping and 3-D modeling to refine the drill targets, followed by an aggressive drilling program.The drilling program is designed to test a number of exploration targets with the goal of discovering one or more high-grade gold zones with good size potential, including high-grade chimneys, bulk-minable stockwork/disseminated zones, and high-grade veins at depth.

 

 

 

 

.

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Harvest Gold Corporation

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, € 1.4 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.

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Project news of Harvest Gold Corporation
4/5/2012Reports No Significant Gold Values Intersected in Drill Hole...
5/20/2011(Rosebud)Harvest Gold Corporation: Rosebud Drilling Near Completion
5/19/2011(Rosebud)Rosebud Drilling Near Completion
5/5/2011Announces Plans for Its Cud Claim Property Located Adjacent ...
3/25/2011(Rosebud)Rosebud Gold Mine Project Drilling Underway in Nevada, USA
3/2/2011(Rosebud)Phase II Drill Program at the Rosebud Mine Project to Begin
2/16/2011(Rosebud)signs drill contract for second phase drilling at its Rosebu...
5/15/2009(Rosebud)Seeks JV Partner for Rosebud
5/29/2008(Rosebud)Rosebud Gold Mine Hecla Mining Company 10K Historical Inform...
2/15/2008(Lesavage North (johnston))Harvest Gold to Commence Drill Program on Lesavage North Pro...
Corporate news of Harvest Gold Corporation
3/7/2015Harvest Gold Announces Management Changes
2/16/2015Harvest Gold Announces Sale of Joint Venture Interest to VMS...
2/16/2015Harvest Reaches Agreement to Sell Rosebud
7/17/2012SELLS CUD 3 CLAIM TO SAN GOLD CORP.
1/23/2012(Rice Lake Gold Belt)to Commence Drill Program at the CUD Claim, Rice Lake Gold B...
6/20/2011(Rosebud)Rosebud Mine, Nevada, Phase II Drill Results
4/14/2011Fundamental Research Continuing Coverage of Harvest Gold Cor...
5/21/2008Rosebud Mine Data Collection
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