Harvest Gold Corporation
TSX VENTURE : HVG

Harvest Gold Corporation

January 23, 2012 12:51 ET

Harvest Gold to Commence Drill Program at the CUD Claim, Rice Lake Gold Belt, Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2012) - Harvest Gold Corporation (TSX VENTURE:HVG) (the "Company") is pleased to announce that a diamond drilling program is set to commence on its 100% owned CUD claim Property, located 8-kms east of San Gold's operating gold mine in the Town of Bissett, Manitoba.

The CUD claim is located immediately north of claims held by San Gold on which their #2-3 gold zones are located (see Figure 1). The drill program will test two strong Induced Polarization (IP) geophysical anomalies associated with a shear zone developed within volcanic rocks of the Rice Lake Gold Belt. The favourable volcanic package that hosts the San Gold 1 zone and San Gold # 2-3 zones extends onto our property.

To view accompanying Figure 1, visit the following link: http://media3.marketwire.com/docs/CUD_ClaimLocation.jpg

A 9.3 km IP survey was completed last summer by Abitibi Geophysics outlining six strong chargeability anomalies (C-01 to C-06) and four discrete anomalies (C-07 to C10). The most promising targets are C-04 and C-05 which form a somewhat continuous east-west trend across the grid. Anomaly C-04 is the strongest chargeability anomaly observed on the property.

A prospecting program was completed in the fall, following up the IP targets recommended by Abitibi Geophysics. The C-04 IP anomaly comprises quartz vein material within a silicified and sericitized altered shear zone. Two holes are planned to test the strongest conductivity sections of this target (see Figure 2).

To view Figure 2, visit the following link: http://media3.marketwire.com/docs/CUD_IPanomalies.jpg

The IP anomalies are within 75 metres of surface and will be tested by two 125 metre holes.

A technical NI 43-101 report by ACA Howe International was written for San Gold Corporation in December 2006 which outlined the reserves and resources for the San Gold 1 zone and San Gold 2-3 zone with the latter zone being very close to our property boundary. A 3D model completed by Harvest Gold geologists indicate that the zone dips and plunges onto the CUD claim, at depth. Drill hole collars on the adjacent property come within metres of our property boundary and the CUD property has no record of previous drilling.

The contents of this press release have been reviewed by the Neil Richardson, P.Geo who is a Qualified Person as defined by NI 43-101.

Harvest Gold Corporation is a mineral exploration company working in Nevada, USA and Manitoba, Canada. In Nevada, the Company controls 100% interests in the advanced-stage Rosebud Gold Mine property, and generative gold properties at Garcia Flats in the South Carlin Trend and the RW property in the southern Battle Mountain - Eureka Trend. In Manitoba, Harvest is engaged in early-stage exploration of three groups of 100% owned claims in the Rice Lake Gold Belt and holds a 40% interest in the more advanced-stage, Assean Lake project.

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
    Evan Sleeman
    Director
    (604) 986-2020 or Toll Free: 1-866-816-0118
    (604)-986-2021 (FAX)
    www.harvestgoldcorp.com