The Property, located 45 kilometres south of the
Highlights of the 2022 Program and Launch of 2023 Program
- Discovery of polymetallic gold-rich quartz veins that assayed up to 17.30 g/t Au, 217 g/t Ag and 0.61% Pb (grab) and up to 6.34 g/t Au, 60 g/t Ag and 0.09% Pb over 0.40 metres (channel) [Oswald showing];
- Discovery of massive ankerite alteration zones up to 700 metres long and 50 metres wide;
- Detailed heliborne magnetic survey completed;
- Induced polarization geophysics to start shortly;
- First drilling program by Harfang to commence in early February.
“We are excited about the exploration program just launched on the Lake Menarik Property as it builds on land consolidation and several discoveries we made in the 2022 program in under-explored areas as well as advancing our overall understanding of the geological model in areas which have previously returned significant gold results. We believe the Lake Menarik Property demonstrates important similarities with some of the major
During summer and fall 2022, Harfang carried out preliminary surface exploration on the Property with the main objectives to prospect unexplored areas of the Property, assess gold occurrences, and enhance the understanding of the gold setting in the area of the Pierre monzonite to gain a better understanding of the overall geological setting.
Major Breakthrough in the Eastern Portion of the Property
The 2023 program builds on the 2022 successful field program that in part focussed on the unexplored eastern portion of the
Two extensive alteration zones made up of massive ankerite were also discovered proximal to the Oswald showing (Figures 2 and 5). The most extensive ankerite-rich system, hosted in a highly sheared mafic unit, has been traced over 700 metres long and is up to 50 metres wide. These ankerite zones are brecciated, contain trace to 2% disseminated pyrite and rare arsenopyrite, and are crosscut by a network of quartz and calcite veins. Grab samples confirm that these alteration zones are locally anomalous in gold with up to 0.30 g/t Au. A grab sample collected in a sheared and ankeritized iron formation in this area yielded 2.87 g/t Au. Significantly, this type of ankerite shear zones commonly occurs in major gold camps, such as the Timmins Camp, and opens up new areas for ongoing exploration.
Alteration minerals including hematite, carbonates, sericite, chlorite and quartz associated with disseminated sulphides are common throughout the Property. More detailed mapping coupled with limited prospecting, on-site reassessment of the geological features, and selected relogging of historical drill core in the Pierre monzonite area improved the understanding of the magmatic, hydrothermal and structural controls of gold occurrences. Sampling of quartz veins in sheared volcanics near the northern margin of the Pierre monzonite and south of the Massé showing yielded up to 3.57 g/t Au.
In
2023 Winter Program
The new detailed magnetic survey together with the results of the induced polarization ground survey beginning shortly, and historical and more recent geological data will be utilized to identify first-priority drill targets. A drill campaign (3,500 metres, approximately 15 holes) is being planned and is anticipated to begin in early February.
Geological Similarities with Abitibi Gold Camps
The Company believes the Lake Menarik Property shares several geological similarities with major Abitibi gold camps such as
Qualified Person
The technical information in this news release was prepared and approved by
Quality Control
The rock samples reported above were delivered to ALS laboratories in Val-d’Or (
Cautionary statement: Grab samples described above are selective by nature and reported grades might not be representative of more extensive mineralized zones.
About
On behalf of the Board of Directors and for further information, please contact:
President and Chief Executive Officer
Tel: 647 680-3820
Email: icampbell@harfangexploration.com
Web: www.harfangexploration.com
Cautionary Statement Regarding Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
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