Harvest Gold to Commence Drill Program at the CUD Claim, Rice Lake Gold Belt, Manitoba
Vancouver, B.C., January 23, 2012. Harvest Gold Corporation (TSX.V: HVG) (the “Company”) is pleased to announce that a diamond drilling program is set to commence on its 100% owned CUD claim Property, located 8-kms east of San Gold's operating gold mine in the Town of Bissett, Manitoba.
The CUD claim is located immediately north of claims held by San Gold on which their #2-3 gold zones are located (see Figure 1). The drill program will test two strong Induced Polarization (IP) geophysical anomalies associated with a shear zone developed within volcanic rocks of the Rice Lake Gold Belt. The favourable volcanic package that hosts the San Gold 1 zone and San Gold # 2-3 zones extends onto our property.
A 9.3 km IP survey was completed last summer by Abitibi Geophysics outlining six strong chargeability anomalies (C-01 to C-06) and four discrete anomalies (C-07 to C10). The most promising targets are C-04 and C-05 which form a somewhat continuous east-west trend across the grid. Anomaly C-04 is the strongest chargeability anomaly observed on the property.
A prospecting program was completed in the fall, following up the IP targets recommended by Abitibi Geophysics. The C-04 IP anomaly comprises quartz vein material within a silicified and sericitized altered shear zone. Two holes are planned to test the strongest conductivity sections of this target (see Figure 2).
The IP anomalies are within 75 metres of surface and will be tested by two 125 metre holes. CLICK HERE TO READ MORE
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Harvest Gold Corporation
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EXPLORATEUR |
CODE : HVG.V |
ISIN : CA4175322078 |
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Harvest Gold est une société d’exploration minière d'or basée au Canada. Harvest Gold détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont ROSEBUD en USA et RICE LAKE GOLD BELT, RW, ASSEAN LAKE, GARCIA FLATS et CUD3 au Canada. Harvest Gold est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,0 millions CA$ (1,5 millions US$, 1,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 0,42 CA$, et son plus bas niveau récent le 18 octobre 2019 à 0,01 CA$. Harvest Gold possède 50 780 000 actions en circulation. |