Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Free
Message: Neighbour

Got this from the Casey dispatch this AM on Harvest Gold (not pertinent to the Green Belt really):

Dear Casey Readers,

I realize it is uncommon to redistribute "old" news, but the Harvest Gold, Aug 5/09 press release summarizing the gold intercepts still in the ground at our Rosebud Mine project in Nevada, really did go out in the "dead of summer".

It struck me that many of you may have missed it after one of our Casey shareholders, who has recently been accumulating the stock, told us “those historic results would really impact your stock if they were drilled today, I thought I’d better own more”.

With Gold currently hanging around $1,000 dollars and most everyone back at work, I thought it would be best to bring this release to your attention again. In case you missed it in August the following release will familiarize you with Harvest Gold and the historic drill intercepts that we are excited about. To those of you attending the Casey Denver conference September 18-20, I look forward to seeing you there.

Regards,

Rick Mark
CEO Harvest Gold (TSXV:HVG)

Harvest Gold Corporation (HVG – TSX.V) August 5, 2009 (the “Company”) is pleased to announce that efforts to find a suitable joint venture partner for the Rosebud Gold Mine project are progressing well. As announced May 14, 2009, the Company has proposed a preliminary Phase I drilling program designed to test as many as eleven targets, eight of which contain historical drill intercepts, as highlighted below. The Company has met with several potential partners that have expressed interest in the project. Two Nevada gold producers are planning a review of data from the project.

In order to develop a clearer understanding of the gold remaining in the ground at Rosebud, management has decided to publish certain historical high-grade drill intercepts that have been encountered by previous operators, peripheral to the underground mine workings that produced 396,842 oz. Au from 1997-2000. True widths of these intercepts are unknown.


Highlights of past drilling in zones that have not been mined, include:

Far East Zone:

    RL-217, 210 ft @ 0.101 oz. Au/T (64 m @ 3.46 g/tonne)
    RL-273, 220 ft @ 0.097 oz. Au/T (67.1 m @ 3.33 g/tonne)
Southern Extension Target:
    RL-179, 310 ft @ 0.034 oz. Au/T (94.5 m @ 1.17 g/tonne)
Northwest Corridor:
    RS-D345-99c, 102.5 ft @ 0.148 oz. Au/T (31.2 m @ 5.07 g/tonne)
Dreamland:
    RS-425c, 5.8 ft @ 0.824 oz. Au/T (1.8 m @ 28.25 g/tonne)

Many other high-grade historical drill intercepts are also present in these and other targets; selected results are shown below. An expanded list of historic drill results is now posted at http://www.harvestgoldcorp.com/projects_rosebud.html.

Drill holes were completed by Lac Minerals (RL series) between 1989 and 1992, Hecla (WW-1 and 96-356) in 1994 and 1996, and a Hecla/Newmont joint venture (RS and SLD series) between 1997 and 2000. Diamond drilling core holes are denoted by a “c”; except for WW-1, which was a water well completed by rotary drilling, all others are reverse circulation drill holes.

Far East Zone Target

DH ID

From (ft)

To (ft)

intercept (ft)

Au (oz/T)

From (m)

To (m)

intercept (m)

Au (g/tonne)

RL-217

615

825

210

0.101

187.5

251.5

64.0

3.46

incl.

720

745

25

0.447

219.5

227.1

7.6

15.33

RL-220

250

275

25

0.614

76.2

83.8

7.6

21.05

incl.

255

265

10

1.176

77.8

80.8

3.0

40.32

RL-273

280

285

5

0.375

85.4

86.9

1.5

12.86

RL-273

480

700

220

0.097

146.3

213.4

67.1

3.33

Northwest Corridor Target

DH ID

From (ft)

To (ft)

intercept (ft)

Au (oz/T)

From (m)

To (m)

intercept (m)

Au (g/tonne)

96-356

1340

1390

50

0.122

408.4

423.7

15.2

4.18

incl.

1340

1350

10

0.357

408.4

411.5

3.0

12.24

RS-D345-99c

601.2

634

32.8

0.124

183.2

193.2

10.0

4.25

RS-D345-99c

665

767.5

102.5

0.148

202.7

233.9

31.2

5.07

RS-D345-99c

785

811

26

0.257

239.3

247.2

7.9

8.81

Nym Target

DH ID

From (ft)

To (ft)

intercept (ft)

Au (oz/T)

From (m)

To (m)

intercept (m)

Au (g/tonne)

RL-272

360

395

35

0.181

109.7

120.4

10.7

6.21

incl.

375

380

5

0.676

114.3

115.8

1.5

23.18

RL-282

345

355

10

0.062

105.2

108.2

3.0

2.13

incl.

345

350

5

0.103

105.2

106.7

1.5

3.53

RS-453Ac

805.7

813.7

8

0.107

245.6

248.0

2.4

3.67

Southern Extension Target

DH ID

From (ft)

To (ft)

intercept (ft)

Au (oz/T)

From (m)

To (m)

intercept (m)

Au (g/tonne)

RL-179

665

975

310

0.034

202.7

297.2

94.5

1.17

RL-257

430

490

60

0.069

131.1

149.4

18.3

2.37

incl.

440

450

10

0.254

134.1

137.2

3.0

8.71

RL-69A

775

885

110

0.063

236.2

269.7

33.5

2.16

RL-8

445

510

65

0.036

135.6

155.4

19.8

1.23

Valley Target

DH ID

From (ft)

To (ft)

intercept (ft)

Au (oz/T)

From (m)

To (m)

intercept (m)

Au (g/tonne)

RL-56

55

105

50

0.014

16.8

32.0

15.2

0.48

RL-56

285

295

10

0.046

86.9

89.9

3.0

1.58

WW-1

200

210

10

0.122

61.0

64.0

3.0

4.18

North Zone Feeders Target

DH ID

From (ft)

To (ft)

intercept (ft)

Au (oz/T)

From (m)

To (m)

intercept (m)

Au (g/tonne)

RL-106c

1162

1212

50

0.065

354.2

369.4

15.2

2.23

incl.

1167

1172

5

0.125

355.7

357.2

1.5

4.29

incl.

1187

1202

15

0.114

361.8

366.4

4.6

3.91

Dreamland Target

DH ID

From (ft)

To (ft)

intercept (ft)

Au (oz/T)

From (m)

To (m)

intercept (m)

Au (g/tonne)

RS-425c

1655.7

1661.5

5.8

0.824

504.7

506.4

1.8

28.25

incl.

1658.6

1661.5

2.9

1.4

505.5

506.4

0.9

48.00


The Rosebud property is an advanced exploration project consisting of 54 unpatented mining claims centered on the former Rosebud underground mine, which produced nearly 400,000 oz gold and 2,300,000 oz. silver between 1997 and 2000. The underground operation mined three high-grade ore zones, with an average production grade of 0.416 oz. Au/t, 2.42 oz. Ag/t. Due to falling gold prices, the cut-off grade was increased from 0.15 oz. Au/t to 0.18 oz. Au/ton over the life of the mine, and mineralized material below the cutoff was not mined. An in-place, non-43-101-compliant inferred resource of 242,000 oz. Au, 2,130,000 oz. Ag (6.81 million t @ 0.036 oz. Au/t, 0.31 oz. Ag/t), was calculated by Hecla at the close of mining in 2000. (This historical resource estimate was made by a source believed to be reliable however the Company has not yet independently verified the estimate according to CIM standards and thus this historical estimate should not be relied upon.)

Share
New Message
Please login to post a reply