Harvest Gold Corporation
TSX VENTURE : HVG

Harvest Gold Corporation

November 19, 2010 13:23 ET

Harvest Gold Stakes Carlin-Type Gold Property on the Battle Mountain-Eureka Trend

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2010) - Harvest Gold Corporation (TSX VENTURE:HVG) (the "Company") is pleased to announce that it has staked 125 100% owned unpatented lode claims on the south pediment of the Roberts Mountains in Eureka County, Nevada. The RW claims cover approximately 4.04 square miles (1,045 hectares) in the southern Battle Mountain-Eureka Trend and are approximately three miles south of the Gold Pick, Gold Ridge, Cabin Creek, and Hunter cluster of deposits controlled by US Gold and known as their Gold Bar project. The Gold Bar mine, formerly operated by Atlas Precious Metals, is approximately 5.7 miles (9.2 km) west-northwest of the RW claims. The Gold Bar, Gold Pick, Gold Ridge, Gold Stone, and Gold Canyon deposits have produced approximately 500,000 oz Au. US Gold reports current measured, indicated, and inferred resources totaling 996,744 oz Au for its Gold Bar project. The Company believes the RW claims are prospective for the discovery of multi-million ounce Carlin-type ore bodies, based on proximity to known Carlin-type deposits, projections of mineralized trends, and geophysical and geochemical anomalies on or projecting onto the claims.

The RW property is situated within a gravel-covered portion of the Roberts Mountains Window, in which Devonian carbonate units structurally below the Roberts Mountains Thrust are uplifted and exposed in the Roberts Mountains. Certain of these Devonian units are hosts to the Carlin-type gold deposits to the north and are interpreted to occur at relatively shallow depths at the RW claims. A west-northwest trending gravity high, parallel to the alignment of deposits in the Roberts Mountains, extends to the east-southeast from the Gold Bar mine onto the RW claims. Preliminary gravity data suggest that depth to basement on the majority of the RW claim block is between 500 ft (150 m) and 1,000 ft (300 m).

A soil geochemical survey undertaken by the Company shows discrete north and west-northwest trending gold responses that cross much of the claim block. Arsenic, antimony, and other Carlin-type pathfinders are also enriched in these zones. The west-northwest gold response is approximately 3.7 miles long and at least 0.8 miles wide. This gold anomaly has the same orientation as the Gold Pick/Gold Ridge cluster of deposits. The most prominent north-trending gold response is approximately 2.7 miles long, 0.4 miles wide, and projects into the Hunter gold deposit approximately 1.6 miles north of the RW claims.

Several companies have carried out previous work, including a few shallow drill holes, within or adjacent to Harvest's claim block. The company is in the process of acquiring as much of this information as possible and compiling and integrating this information into its database. Harvest plans to collect additional soil geochemical data and geophysical data in order to develop drill targets within this large land position.

Greg Hill, President of Harvest Gold USA, states: "We are pleased to add the RW claims to our portfolio of gold properties and we continue to review opportunities to acquire additional quality properties prospective for gold and silver in Nevada."

Greg Hill, Certified Professional Geologist, is the Qualified Person who has reviewed the contents of this news release.

Harvest Gold Corporation is a mineral exploration company working in Nevada, USA and Manitoba, Canada. In Nevada, the Company has an option to acquire 100% of the Rosebud Mine property, and a generative gold property at Garcia Flats in the South Carlin Trend. In Manitoba, Harvest is exploring three groups of claims in the Rice Lake Gold Belt of south eastern Manitoba and at Assean Lake, Manitoba.

This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, uncertainties of resource and reserve estimations, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. Fluctuations in metals prices, availability of financing, and general business conditions are all factors that could cause actual results to vary materially from forward-looking statements.

On behalf of the Board of Directors,

John Roozendaal, President

Harvest Gold Corporation

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Harvest Gold Corporation
    Keith Patey
    Director of Communications
    (604) 986-2020 or Toll Free: 1-866-816-0118
    (604) 986-2021 (FAX)
    www.harvestgoldcorp.com
    or
    Progressive Investor Relations
    Andrew Mugridge
    (604) 689-2881
    or
    Progressive Investor Relations
    Benjamin Curry
    (604) 689-2881