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TSXV Approves Harvest Gold's Agreement to Acquire Urban Barry Property in Abitibi Region of Quebec
Vancouver, British Columbia / TheNewswire / March 4, 2024 ‑ Harvest Gold Corporation (TSX.V: HVG) (“Harvest Gold” or the “Company”) is pleased to announce that
About this update from Harvest Gold Corporation
[{"type":"text","content":"Vancouver, British Columbia / TheNewswire / March 4, 2024 ‑ Harvest Gold Corporation (TSX.V: HVG) (“Harvest Gold” or the “Company”) is pleased to announce that the TSX Venture Exchange (the “Exchange”) has now approved the Option Agreement (the “Option Agreement”) with EGR Exploration Ltd. (“EGR”) (See December 19, 2023 News Release) 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 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). Rick Mark, President and CEO of Harvest Gold states: “We are pleased to announce the Exchange approval of our second option agreement to own 100% of a substantial gold property in the Abitibi region of Quebec. As shown in Figure 1, Urban Barry is very near our recently approved Mosseau Gold Project which 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.” Figure 1: Location of the Urban Barry project * 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 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). Daniel Rodriguez, CEO and Director of EGR, comments, “Harvest Gold is now a Quebec focused gold exploration company with multiple assets in a great area of Quebec. Harvest Gold can now move forward with its plan to unlock the potential of this underexplored property. The Urban Barry property sits...