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Harvest Gold Looking for Two Distinct Porphyry Deposit Models on Its Three B.C. Properties; Provides Examples of Both
Vancouver, British Columbia - TheNewswire - October 8, 2020 - Harvest Gold Corporation (TSXV:HVG) ("Harvest Gold" or the "Company") announces that a review of t
About this update from Harvest Gold Corporation
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - October 8, 2020 - Harvest Gold Corporation (TSXV:HVG) (\"Harvest Gold\" or the \"Company\") announces that a review of technical data on the recently acquired Emerson, Goathorn and Jacobite projects shows strong mineralized systems bearing essential geological similarities to the massive New Prosperity deposit and the 20 year Bell Copper porphyry Cu-Au mine, both located in central BC. The New Prosperity deposit, located 400 km southeast of Emerson and Goathorn, has a one billion tonne measured and indicated resource containing 2.4 million tonnes of copper and 13.3 million ounces of gold** centered on a multi-phase Late Cretaceous quartz-feldspar porphyry stock. The Bell Copper mine, located 70 km southeast of Jacobite, was in production from 1972 to 1992 and produced 411,000 oz Au and 303,000 t Cu from 77 Mt of ore associated with an Eocene biotite-feldspar porphyry stock. ** based on a Technical Report entitled \"Technical Report on the 344 Million Tonne Increase in Mineral Reserves at the Prosperity Gold - Copper Project\" issued December 17, 2009 with an effective date of November 2, 2009. Readers are cautioned that the Prosperity Technical Report has not been updated since 2009 and accordingly, caution needs to be advised when assessing its conclusions in light of current operating and capital costs, appropriate technologies, metals price outlooks, and like matters. Henry Awmack, P.Eng., who developed the Goathorn, Emerson and Jacobite projects is a member of Harvest Gold's technical advisory board and states: \"With the recent delineation of the New Prosperity deposit has come the recognition that the Late Cretaceous porphyry belt which extends northwest through the Emerson/Goathorn area can produce very large, gold-rich deposits. Age-dates on intrusive rocks from both Emerson and Goathorn show them to be Late Cretaceous like New Prosperity. The target for the Jacobite project is a deposit like Bell Copper, which was mined successfully by Noranda for 20 years.\" Harvest Gold's President and CEO Rick Mark said: \"It is important our shareholders and followers understand the nature, size and value of the several targets we are chasing on our three 100% owned BC properties, They are all close to an experienced workforce, accommodation, roads and power. Discoveries can become mines o...