HARVEST GOLD CORPORATION Harvest Gold Corporation ("Harvest Gold" or the "Company") to provide an update on its recently completed initial drill program at its 100% owned Au-Cu Emerson property. The 56 km2 Emerson property is in central B.C., 15 km west of Houston B.C. and comprises 14 contiguous mineral claims. An active railroad, high voltage powerline and gas pipeline are located within or proximal to the property with convenient access by a series of forest service roads. Initial diamond drill testing at their Emerson Project uncovered strong evidence for a large porphyry copper-gold-molybdenum system.
Diamond drilling found that the large, induced polarization ("IP") anomaly at Emerson is associated with strong to intense quartz-sericite-pyrite-clay alteration in feldspar porphyries and hydrothermal breccias intruding Kasalka Group volcanic rocks. Anomalous copper, gold, and molybdenum is specifically hosted within the feldspar porphyry. This direct association provides support that this intrusion may be part of a larger metalliferous complex that Harvest Gold has just begun to uncover.
The feldspar porphyry drilled in holes EMR22-019 and EMR22-020 hosts intense quartz stockwork zones with 2% - 20% quartz veining. This quartz stockwork zone is associated with anomalous Mo. The Cu-Au bearing hydrothermal breccias appear to intrude into this quartz stockwork zone suggesting that the Cu-Au mineralization may have intruded into an earlier Mo porphyry system or into the upper levels of a larger porphyry Cu-Au-Mo system at depth.
Drill hole EMR22-025 on section B-B' to the northwest of A-A' was drilled into volcanic rocks separated from the Cu-Au-Mo mineralized feldspar porphyry by a fault. Drilling intersected polymetallic veins that were moderate to highly anomalous in Cu±Ag±Au. These veins are characteristic of polymetallic veins that occur in the "halo" of many porphyry systems. Harvest Gold presents its plan for additional drilling to test for the stronger mineral system indicated by this initial program.
The proposed drilling will test the down-dip continuation of the porphyry system to the west of EMR22-019. Additional holes would be drilled to the north would also explore the northwest continuation of the mineral system. Additional 3D-DC Induced Polarization may be conducted to define the northern extents of the Emerson hydrothermal system.
The results of drilling reported here diminishes Emerson's potential for hosting significant Au-Ag mineralization analogous to the Blackwater deposit. Gold values ranged from 0.005 ppm to 1.44 ppm within extensive intervals of clay-pyrite alteration encountered by drilling; but were generally below 0.10 ppm. Holes EMR22-021 and EMR22-024 were ended prematurely due to difficult drilling in faults.
Hole EMR22-022 intersected a few minor intervals of feldspar porphyry intrusions. Hole EMR22-023 drilled into a weakly altered and weakly mineralized feldspar porphyry that did not have the same metal endowment as the intrusions drilled in EMR22-019 and EMR22-020.
