Commented
Gold Exploration Program
Lake Menarik Property
The Lake Menarik Property is characterized by multiple high-grade gold occurrences hosted in a polyphase intermediate intrusion (syenite, monzonite and monzodiorite) and adjacent volcano-sedimentary rocks (Figure 2). The geological setting of
The recently completed maiden shallow drill program that mainly focussed on the Pierre Monzonite area, successfully demonstrated that wide zones of gold mineralization associated with increasing intensity of alteration extend at depth in the southeast area of the monzonite. These observations were highlighted by 21.0 metres grading 1.75 g/t Au including 14.1 metres grading 2.49 g/t Au (LMN-23-01), 75.0 metres grading 0.54 g/t Au including 3.0 metres grading 6.75 g/t Au and 1.0 metres grading 12.65 g/t Au (LMN-23-04), and 47.0 metres grading 1.15 g/t Au including 7.0 metres grading 3.75 g/t Au (LMN-23-17) (see news release dated
The planned field campaign is designed to generate additional drill targets and will focus on advancing the overall understanding of the geological model east of the Pierre monzonite and several other target areas. These areas include the Induced Polarization (“IP”) anomalies hosted in the Timiskaming-type conglomerate, the Greco gold showing adjacent to mining claims acquired last fall (1.04 g/t Au over 24.9 metres [channel]), and the 2022 discoveries such as the Oswald showing (up to 17.30 g/t Au, 217 g/t Ag and 0.61% Pb [grab samples] and up to 6.34 g/t Au, 60 g/t Ag and 0.09% Pb over 0.4 metres [channel]) and the ankerite zones (up to 2.87 g/t Au in grab samples) extending up to 700 metres long and 50 metres wide. This program will be enhanced by recent geophysical data from the IP survey and the detailed heliborne magnetic survey also flown over the contiguous Menarik East Property. Harfang has also designed a till survey to cover the eastern part of the Lake Menarik Property.
Lithium Exploration Program
Harfang will conduct a first-phase surface exploration program (prospecting, mapping, rock sampling) on its assets favourable for lithium occurrences. This program includes prospecting on the Serpent-Radisson and La Passe claims and on the new acquired Lemare, Ewart, Sakami, Ross and Conviac properties. These new assets were acquired by map designation following a recent geological compilation and a statistical processing of more than 13,400 analyses of lake bottom sediments extracted from the
Serpent-Radisson Property
In 2022, Harfang conducted a preliminary prospecting program in the southeastern portion of the Property, already known for its gold and copper occurrences, to assess the potential for LCT Pegmatite. The program quickly led to the discovery of several pegmatite dykes, some containing highly anomalous beryllium (up to 25,000 ppm), cesium (up to 998 ppm), lithium (up to 1,420 ppm), niobium (up to 278 ppm), rubidium (up to 1,095 ppm) and tantalum (up to 173 ppm). The program for Serpent-Radisson will mainly focus on the follow-up on these discoveries since the Company believes this area contains significant potential based on the presence of a fertile S-type granite located in the immediate area. In addition, the field crew will continue prospecting the Property for gold, particularly in a large sector where 65 soil samples (up to 2.27 g/t Au) defined a gold anomaly covering 2.2 km2 (see news release dated
Lemare Property
The Lemare Property consists of 269 claims located approximately 20 kilometres southeast of the Whabouchi lithium deposit owned by Nemaska Lithium (“Nemaska”). Nemaska recently signed a long-term agreement with the Ford Motor Company for the supply of lithium products including lithium hydroxide, as North American automakers race to secure supplies of battery materials to meet the electric vehicle output. The Lemare Property includes several strong lake bottom sediment lithium anomalies of which four are ≥99.5th percentile of the entire SIGEOM database. Some of these calculated anomalies form a tight cluster in an area dominated by granite and pegmatite of the Opatica Subprovince.
Lake Menarik Property (Southwestern Part)
The southwestern portion of the Lake Menarik Property, west of the
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Qualified Person
The technical information in this news release was prepared and approved by
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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 Harfang 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, Harfang 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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