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Harvest Gold Options 100% of the Urban Barry Property in Abitibi Region of Quebec
Vancouver, British Columbia - TheNewswire - December 19, 2023 - Harvest Gold Corporation (TSX.V:HVG) (“Harvest Gold” or the “Company”) is pleased to announce th
About this update from Harvest Gold Corporation
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - December 19, 2023 - Harvest Gold Corporation (TSX.V:HVG) (“Harvest Gold” or the “Company”) is pleased to announce that it has entered into an Option Agreement (the “Option Agreement”) with EGR Exploration Ltd. (“EGR”) to acquire 100% of the Urban Barry Property (“Urban Barry”) in the Ralleau and Wilson townships in the Eeyou Istchee James Bay/Abitibi region of Quebec. The transaction is pending TSX Venture Exchange (the “TSXV”) approval. The Urban Barry property straddles the southern margin of the under-explored Urban Barry Greenstone Belt which is host to Osisko/Gold Fields’ Windfall deposit which, today, holds nearly 4 million ounces of gold* (Figure 1). Urban Barry encompasses an area of 6,789 hectares within 122 claims, covering approximately 19 kilometres of favourable strike in the Urban Barry Greenstone Belt. The property directly adjoins the large land package of the Osisko Mining Inc./Gold Field’s (50/50 JV) Windfall property, which includes the Windfall Deposit (approximately 43 km to the east) (Figure 2). Rick Mark, President and CEO of Harvest Gold states: “We are pleased to announce our agreement with EGR to earn 100% of a second gold property in the Abitibi region of Quebec. As shown in Figure 1, it is close to our recently acquired Mosseau Gold Project and it sits on the SW edge of the Urban Barry Greenstone Belt. One of the many things that attracted us to Urban Barry was the confidence Gold Fields had in this greenstone belt, as indicated in Osisko’s May 2, 2023 announcement that said their partner Gold Fields will sole fund expenditures for regional exploration up to a maximum of C$75 million. This mining centric region in Quebec is gaining renewed attention worldwide.” * Source: Osisko Mining Inc. website: 11,061 MT at 11.4 g/t Au Measured & Indicated mineral resource with cut-off grade of 3.5 g/t Au https://www.osiskomining.com/projects/windfall Figure 1: Location of the Urban Barry project Daniel Rodriguez, CEO and Director of EGR noted “This is an accretive transaction for EGR shareholders. Harvest Gold, now a Quebec focused exploration company, will move our Urban Barry property forward. This mining district is heating up with recent transactions, led by the 50/50 JV of Osisko’ s Windfall property with Gold Fields Limited and i...