Harvest Gold Completes Second Payment For Audet-Robert Claim Blocks
Harvest secures Audet-Robert claims, expanding its Quebec land package to 401 claims.
Harvest Gold Corp. completed the second payment for the Audet-Robert claim blocks in Quebec's Urban Barry Greenstone Belt, issuing 375,000 common shares at a deemed price of $0.045 per share. These shares carry a four-month hold period expiring November 4, 2026.
The transaction increases the company's total land position in the belt to 401 claims, covering 21,372.81 hectares and over 50 kilometers of strike length. The acquisition provides continuous coverage over approximately 33 kilometers of favorable geology south of the Wilson intrusion, complementing the existing LaBelle property.
Harvest Gold Corp. (HVG) has completed a previously announced land acquisition agreement, expanding its land package to 401 claims. The market was already aware of the intent to acquire these claims and the share-based payment structure. The announcement aligns with the company's stated strategy to consolidate district-scale land packages in the Abitibi region.
The expansion of the land package is strategically positive for a junior explorer, though it does not introduce new exploration data, drill results, or financing. The dilutive impact of issuing 375,000 shares at $0.045 is minimal relative to the approximately 123.6 million shares outstanding.
Harvest Gold Corp (HVG) is an exploration-stage gold company focused on three projects in Quebec's Urban Barry Greenstone Belt: Mosseau, LaBelle, and Urban-Barry. The company has consolidated a district-scale land package of 443 claims, totaling 23,740 hectares, strategically located 45-70 km west of Gold Fields' Windfall Deposit.
The flagship Mosseau property hosts a 17.7 km gold-bearing structure within the Kiask River Mineralized Corridor. Recent drilling has identified high-grade intercepts, including:
- 105 g/t Au over 1.15 m
- 1.90 g/t Au over 5.4 m
These results were identified alongside broad Au-Ag-Cu halos. The company is currently in the exploration phase, with no mineral resource estimates or economic studies completed.