(via TheNewswire)
The Company’s geological consultants,
Highlights
Initial diamond drill testing at our
Emerson Project uncovered strong evidence for a large porphyry copper-gold-molybdenum system.Diamond drilling found that the large, induced polarization (“IP”) anomaly atEmerson is associated with strong to intense quartz-sericite-pyrite-clay alteration in feldspar porphyries and hydrothermal breccias intrudingKasalka Group volcanic rocks. Anomalous copper, gold, and molybdenum is specifically hosted within the feldspar porphyry shown inFigures 2 and 3. This direct association provides support that this intrusion may be part of a larger metalliferous complex thatHarvest Gold has just begun to uncover.
Drilling along section A-A’ shown in Figure 2 indicates that the intrusive system is tilted to the west. Cu-Au mineralization is coupled, indicating a geological relationship between the metals.The hydrothermal breccias intersected in holes EMR22-019 and EMR22-020 have elevated Cu and Au relative to coherent sections of the porphyry intrusion. The hydrothermal breccias contain clasts of truncated, mineralized quartz veins in a weakly mineralized matrix as shown inFigure 2. This geological relationship suggests that a stronger, better mineralized system at depth was sampled by these breccias.
The feldspar porphyry drilled in holes EMR22-019 and EMR22-020 hosts intense quartz stockwork zones with 2 - 20 % quartz veining.This quartz stockwork zone is associated with anomalous Mo as shown inFigure 3.The Cu-Au bearing hydrothermal breccias appear to intrude into this quartz stockwork zone suggesting that the Cu-Au mineralization may have intruded into an earlier Mo porphyry system or into the upper levels of a larger porphyry Cu-Au-Mo system at depth.
Drill hole EMR22-025 on section B-B’ to the northwest of A-A’ was drilled into volcanic rocks separated from the Cu-Au-Mo mineralized feldspar porphyry by a fault.Drilling intersected polymetallic veins that were moderate to highly anomalous in Cu±Ag±Au as shown inFigure 4.These veins are characteristic of polymetallic veins that occur in the “halo” of many porphyry systems.
Since beginning work at
(1)a large quartz-sericite-pyrite±clay footprint that remains open to the northwest that is of a magnitude to host one or more porphyry centres;
(2)drilling intersected intense quartz stock-work style veining indicative of high fluid flow;
(3)Cu-Au mineralization intersected is coupled and has a high Au:Cu ratio; and
(4)multiple intrusive types were encountered.
In Figure 5,
The results of drilling reported here diminishes Emerson’s potential for hosting significant Au-Ag mineralization analogous to the Blackwater deposit. Gold values ranged from 0.005 ppm to 1.44 ppm within extensive intervals of clay-pyrite alteration encountered by drilling; but were generally below 0.10 ppm.
There were no other significant intersections other than the intervals presented inFigures 2, 3, and 4.Holes EMR22-021 and EMR22-024 were ended prematurely due to difficult drilling in faults. Hole EMR22-022 intersected a few minor intervals of feldspar porphyry intrusions. Hole EMR22-023 drilled into a weakly altered and weakly mineralized feldspar porphyry that did not have the same metal endowment as the intrusions drilled in EMR22-019 and EMR22-020.
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Figure1:Plan map of the
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Figure 2:East to West section A-A’ looking north through EMR22-019 and -020. Copper and gold assays shown along drill trace over interpreted geology. Inset photo shows a clast containing mineralized quartz veins within a breccia in interval 1. Au and Cu are seen to be coupled together within the feldspar porphyry with overall higher grades to the west. Au:Cu ratios within mineralized zones are generally above 1:1 and increases to ~2.5:1 in intervals 1 and 3 where truncated veins were seen. Readers should note that intervals are downhole core lengths. True widths are unknown.
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Figure 3:East to West section A-A’ looking north through EMR22-019 and -020. Molybdenum assays shown to the left of the drill trace over interpreted geology. Inset photo shows molybdenite mineralization in a quartz-pyrite vein within interval 5a. Readers should note that intervals are downhole core lengths. True widths are unknown.
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Figure 4:Northeast-Southwest section B-B’ looking northwest through EMR22-022 and-025. Copper and gold assays shown along drill trace over interpreted geology. Inset photo shows a chalcopyrite-pyrite vein within andesite in interval 9. Au:Cu ratios are generally < 1:1 here as this is interpreted to be within the “halo” distal to the porphyry centre. Readers should note that intervals are downhole core lengths. True widths are unknown.
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Figure 5:Oblique view of proposed drill holes. Two drill pads are proposed to the west of section A-A’, with two additional holes collared 200 m to the north with intention of testing the mineral system to the northwest. Interpreted feldspar porphyry along section A-A’ is shown as a pink hatch. A) 3D IP chargeability anomaly B) 3D IP Conductivity anomaly.
Table1:Drill hole locations, azimuth, and dip for the Spring 2022 work program at the
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Quality Assurance and Quality Control Procedure
All sample assay results have been monitored through the Company's quality assurance / quality control (QA/QC) program. Drill core was sawn in half at
Core samples were analyzed for 48 elements by ICP-MS on a 0.25 gram sample using a four acid digestion (method MEMS61L). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish (method Au-AA23). Samples with >10 parts per million (ppm) gold were re-analyzed by fire assay using a gravimetric finish on a 30 gram sample. Samples with >100 ppm silver were re-analyzed using a four acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analyzed using a four acid digestion and ICP-AES finish. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.
In addition to ALS Global laboratory QA/QC protocols, Equity implements an internal QA/QC program that includes the insertion of duplicates, standards and blanks into the sample stream.
Qualified Person Statement
The disclosure of technical or scientific information in this press release has been reviewed and approved by
About
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
For more information please contact:
@ 604.737.2303 orinfo@harvestgoldcorp.com
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Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that
Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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