|
May 21, 2008
Dear Harvest Gold followers,
The Rosebud Mine opportunity has become our company's primary focus, as we
related to you in our news release of last Wednesday, May 14, 2008. ( http://www.harvestgoldcorp.com/newsrelease_RB004.html
)
Rosebud has become more compelling due to the
large amount of data we have acquired, compiled and interpreted over the
last nine months. While it has been slow going (we are dealing with
thousands of pieces of paper from as early as 1989), we are digitizing and
modeling that information page by page, and it is giving us a much clearer
understanding of the mineralization at Rosebud.
This historical data, collected in a time of
much lower gold prices, will form the basis of the upcoming NI-43-101
Technical Report, to be commissioned shortly. The model being formed is
providing us tremendous confidence that the upcoming exploration drill
program will be focused and effective.�
In this e-mail blast, Greg Hill has provided
three images to help begin to tell the story. We hope to provide ongoing,
pre drilling information that will assist in the risk-reward calculation
that all analysts and investors make before they decide on exploration
investments. As a baseline, our market capitalization, trading at $0.23
Cdn, is approximately $10,000,000.
FIGURE 1�
Harvest Gold has identified a region of
alteration surrounding the former Rosebud underground mine that measures at
least 1800 ft (540 m) by 3000 ft (915 m) and contains numerous Au
intercepts. That region is identified within the map of Harvest's Rosebud Claims
in Figure 1. Greg Hill has subdivided that altered block into three areas
(dotted lines), each of which, we believe, could contain a gold zone that
matches or exceeds our target criteria of 30 million tonnes of mineralized
rock with an average Au grade of 1 g/T (0.029 opt Au) or better.
(While not part of our initial focus, this
property includes several other high quality targets farther from the mine,
including the Dreamland, Mother Lode, and Northeast target areas. These are
also supported by historical exploration data and two, Dreamland and Mother
Lode, are sites of historic mining.)
FIGURE 2
Using data from Equinox, the following
topographic map shows color-coded gold values projected to surface from
drill holes for which we have collar and orientation data.� Drill hole collars are shown as solid
circles and downhole traces are shown as gray lines.� Symbols without traces represent vertical
drill holes.� Gold values below 0.01
opt Au (0.3 g/T) are not shown.� As
shown in this map image and the cross section in the next figure, gold
zones surround the previously-mined underground ore bodies.� The mined ores represent a small fraction
of the total mineralized material at Rosebud.� Cross section A-A' is represented in
Figure 3 and shows a slice through two of the underground ore bodies
represented by magenta outlines in the map and cross section views.
FIGURE 3
This cross section shows the locations of the
mined ore bodies indicated by magenta outlines in Figure 2.� These surround much of the highest-grade
material, but large volumes of lower-grade material are still present.� These data outline several lower-grade
gold zones, some with thickness up to several hundred feet.� As drilling progresses, there is
potential not only to extend and expand the known gold zones, but also to
discover additional high grade pods.�
This document will be posted on the Rosebud
Mine section of the website for your reference.
As always, we are interested in your feedback and questions you might have
regarding our plans to develop Rosebud.
Best Regards,
Rick Mark
CEO, Harvest Gold Corp.
|