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    HAR   CA4123791093

HARFANG EXPLORATION INC.

(HAR)
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Harfang Exploration Inc. to Drill 3,500 M on Its Serpent Project (James Bay, Québec)

08/31/2021 | 08:12am EST

Harfang Exploration Inc. announced that a drilling program has commenced on its 100% owned Serpent Project located in Eeyou Istchee ­ James Bay (Québec). This second diamond drill campaign consists of 3,500 m (initially-planned at 2,500 m) that will mainly test a series of high priority targets up-ice of the gold-in-till anomaly where surface gold showings and drilled auriferous shear zones are known. Other newly developed targets will be drill-tested. The drilling program was initiated around the marshland area directly up-ice of the >8 km gold-in-till anomaly where many drillholes done during winter 2021 hit gold intervals. Known gold intervals will be drilled laterally and at depth on approximately 50 m centers. Harfang considers that new gold-rich zones have yet to be discovered underneath and in the vicinity of the marshland since the gold-rich nature of glacial sediments has not yet been explained. LaSalle Exploration recently disclosed high gold grades along the Goldhawk structure which most likely extends into company property. This finding opens up a new interesting sector at Serpent for further prospecting and potential drilling.


© S&P Capital IQ 2021
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Financials
Sales 2021 0,00 M 0,00 M 0,00 M
Net income 2021 -1,66 M -1,33 M -1,33 M
Net cash 2021 8,68 M 6,95 M 6,95 M
P/E ratio 2021 -11,1x
Yield 2021 -
Capitalization 16,7 M 13,3 M 13,4 M
EV / Sales 2020 17 911x
EV / Sales 2021 207 806x
Nbr of Employees -
Free-Float 85,3%
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Managers and Directors
Yvon Robert Chief Financial Officer
André Gaumond Chairman
Jean-Pierre Janson Independent Director
Frank Mariage Independent Director
Robin Villeneuve Independent Director
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