Harvest Gold to Commence Drill Program on Lesavage North Property, Rice Lake Gold Belt, Manitoba
Harvest Gold Corporation (HVG - TSX.V) February 14, 2008 (the "Company") is pleased to announce that a Diamond drilling program will commence this week on the Lesavage North Property, in the Rice Lake Gold Belt, located approximately 20 km east of the mining community of Bissett, Manitoba.
The program will consist of 1200m to 2000m of Diamond drill testing of targets in three areas of the property. Drilling will re-examine the gold mineralization discovered in 2005 at the Red Hill Zone and investigate the structural controls to gold mineralization at the Red Hill Zone. Several gold intercepts were made in 2005 at Red Hill, including 7.5 g/t over 2 metres in hole L-05-01 and several other intervals as high as 3.4 g/t gold in adjacent holes. (See Jan 18, 2006 press release at www.harvestgoldcorp.com).
The program will also test a new zone identified during the second drill program in the summer of 2006 (see Oct 5, 2006 press release), that is closely associated with a zone of deformation and banded iron formation approximately 300 m southeast of Red Hill. This iron formation was also intersected in holes drilled below and at the west end of the Red Hill Zone, where it contained up to 1 g/t Au.
There is a regional shear zone present in a large swamp south of Red Hill. It contains an extensive zone of strong resistivity and underlies the swamp where the property vendor and the Company have identified strong geochemical gold anomalies. Gold drill targets, which are only accessible in winter when the swamp is frozen, are included in this program.
VP Exploration, Dr. George Gale states, "our upcoming drilling will test ideas we have developed over the past 3 years about the geological controls to gold mineralization in the area. The geological setting at Rice Lake makes the area prospective for classic Archean aged, lode gold systems such as those mined across the provincial border at Red Lake, Ontario."
The gold discovered at Red Hill is associated with very fine-grained pyrite and arsenopyrite within a zone of ankerite (iron-magnesium carbonate) and silica alteration, which is a common type of alteration found in association with many gold deposits. Other occurrences of the same type of alteration are located in a large fold structure and the regional shear zone that runs the entire length of the property.
The Company controls a large segment of rocks that have been interpreted by Company and government geologists to be equivalent to the Balmer sequence at Red Lake, which hosts much of the gold in the Red Lake gold camp. In addition, the major crustal break on the property extends to the Red Lake Gold Camp some 80 km to the east.
The contents of this press release have been reviewed by the Company's VP Exploration, Dr. George Gale, who is a Qualified Person as defined by NI 43-101.
Harvest Gold Corporation is a mineral exploration company working in Nevada, USA and Manitoba, Canada. In Nevada, the Company is exploring the 100% optioned Rosebud Mine property, a large generative gold property at Garcia Flats in the South Carlin Trend and an advanced property with a gold-silver resource at the Longstreet Mine, in Northern Nye County. In Manitoba, Harvest is exploring three groups of claims in the Rice Lake Gold Belt of south eastern Manitoba and at Assean Lake, Manitoba.
On behalf of the Board of Directors,
John Roozendaal, B.Sc.
President,
Harvest Gold Corporation