Harvest Gold Announces Plans for Its Cud Claim Property Located Adjacent to San Gold's #2-3 Zone in Rice Lake Goldbelt, Manitoba
05 Maggio 2011 - 7:41PM
Marketwired
Harvest Gold Corporation (TSX VENTURE: 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.
Based 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.
Greg Hill, Certified Professional Geologist, is the Qualified
Person who has reviewed the contents of this news release.
Harvest Gold Corporation is a mineral exploration company
working in Nevada, USA and Manitoba, Canada. In Nevada, the Company
controls 100% interests in the advanced-stage Rosebud Gold Mine
property, and generative gold properties at Garcia Flats in the
South Carlin Trend and the RW property in the southern Battle
Mountain - Eureka Trend. In Manitoba, Harvest is engaged in
early-stage exploration of three groups of 100% owned claims in the
Rice Lake Gold Belt and holds a 40% interest in the more
advanced-stage, Assean Lake project.
This news release may contain forward-looking statements which
include, but are not limited to, comments that involve future
events and conditions, which are subject to various risks and
uncertainties. Except for statements of historical facts, comments
that address resource potential, upcoming work programs, geological
interpretations, receipt and security of mineral property titles,
availability of funds, uncertainties of resource and reserve
estimations, and others are forward-looking. Forward-looking
statements are not guarantees of future performance and actual
results may vary materially from those statements. Fluctuations in
metals prices, availability of financing, and general business
conditions are all factors that could cause actual results to vary
materially from forward-looking statements.
On behalf of the Board of Directors,
John Roozendaal, President
Harvest Gold Corporation
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Harvest Gold Corporation Keith Patey Director of
Communications (604) 986-2020 or Toll Free: 1-866-816-0118
(604)-986-2021 (FAX) www.harvestgoldcorp.com Progressive Investor
Relations Andrew Mugridge (604) 689-2881 Progressive Investor
Relations Benjamin Curry (604) 689-2881
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