Harfang Exploration : Additional Gold Discoveries for Harfang on its Serpent Property

Harfang Exploration Inc. ('Harfang') (TSX-V: HAR) is pleased to report additional high-grade gold discoveries (up to 117 g/t Au in grab samples) on the Serpent Property (the 'Property') located in James Bay (Quebec).

Gold was found in 6 new locations adding to previous discoveries for a total of 15 gold showings. These new results steming from the fall 2019 program are spatially associated to pluri-kilometric deformation corridors suggesting a strong structural control of the mineralization. The Corporation is actually elaborating its 2020 exploration program on the Property which is expected to begin by an induced polarization survey during winter in the surroundings of the Mista prospect.

That field intervention clearly revealed, for the first time, a spatial link between gold-bearing quartz veins and extensive E-W to WNW-ESE structural breaks represented by magnetic discontinuities. These breaks are part a wide deformational corridor defined in the southern part of the Property. As an example, several gold occurrences were found along a strike length of 2 km on one of these breaks between Boa and Anaconda East. As of now, all known high-grade gold occurrences are distributed in a 10 km2 area with each of them located on specific E-W to WNW-ESE magnetic discontinuities. Actual mapping suggests that this sector contains abundant gabbroic dykes and irregular bodies and late granitoids (locally K-feldspar porphyritic) intruded into the highly metamorphosed and deformed tonalitic gneiss. These new gold discoveries are all associated with decimetric (10-30 cm wide) quartz veins hosted in foliated/gneissic tonalite, gabbroic dykes or at the contact between both lithologies. The veins, sometimes extending for severals tens of meters, are interpreted as shear zone veins. Gold-bearing veins commonly contain disseminated sulfides (0.1 g/t Au) in the central part of the Property which includes most of the gold showings (>1 g/t Au). Anomalies in gold (>0.1 g/t Au) are almost exclusively associated with quartz veins. Our work also demonstrates that the Property hosts copper, silver, lead, zinc, molybdenum and tungsten showings together with significant bismuth anomalies. This polymetallic signature and the presence of the Mista prospect (CuAu-Ag) could suggest an intrusion-related mineralization style coupled with orogenic gold.

About Harfang

Harfang is a mining exploration company whose primary mission is to discover new gold districts in the province of Quebec. Harfang's development model is based on the generation of new mining projects and on the establishment of partnerships with major exploration and mining companies to advance its exploration projects.

Contact:

Tel: [phone] #339

Email: [e-mail]

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