Harvest Gold Corporation
TSX VENTURE : HVG

Harvest Gold Corporation

November 09, 2006 15:59 ET

Harvest Gold Acquires Rocky Ridge Gold Property, Manitoba

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2006) - Harvest Gold Corporation (TSX VENTURE:HVG) (the "Company") is pleased to announce the acquisition of the Rocky Ridge gold property, Lac du Bonnet Mining District, Manitoba.

The terms of the option grant the Company the right to earn a 100% interest in the property by completing a schedule of property payments totaling $60,000 over a 2 year period and issuing 500,000 shares of the Company to property vendor William Kuran. The property is subject to a Net Smelter Royalty of 3%, two thirds of which may be purchased for $500,000.The property is comprised of 7 contiguous claims covering an area of 11 square kilometers.

Gold mineralization was discovered on the property in 1993. The exploration program which followed included prospecting, airborne magnetic-VLF geophysical surveying, and a small drill program of 187.6 meters, completed in 1997. No further exploration is recorded in Provincial Government archives after 1997.

The property covers a 7km length of the East Peterson Creek Deformation Zone where 4 separate gold target areas have been identified. The most significant gold occurrence to date is the "A" zone where a quartz vein reported to be hosted in altered porphyry intrusive has reported grab sample values of up to 140.6 g/t Au. Two diamond drill hole intercepts into the zone reporting 0.7m of 11 g/t Au and 1.2m of 8.91 g/t Au in archived assessment file reports. All of this work was completed prior to implementation of National Instrument 43-101.

Historical data and reports for the property are now being compiled and reviewed. Plans to explore the property will be announced upon completion of the review process now underway.

Harvest Gold Corporation is a mineral exploration company working in Nevada, USA and Manitoba, Canada. In Nevada, the Company is exploring 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 and Lac du Bonnet mining district of south eastern Manitoba and at Assean Lake, Manitoba.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal, President


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Harvest Gold Corporation
    John Roozendaal
    President
    (604) 986-2020 or Toll Free: 1-866-816-0118
    (604) 986-2021 (FAX)
    Website: www.harvestgoldcorp.com