Harvest Gold Launches 2026 Drill Campaign At Mosseau
Harvest launches its planned drill campaign while facing a tight cash runway and potential dilution risks.
Harvest Gold Corp. (HVG) has announced the start of its fully funded 2026 exploration program at its Mosseau Project in Quebec. The initiative involves approximately 4,000 metres of diamond drilling across roughly 20 holes targeting the Kiask River Mineralized Corridor (KRMC). This effort aims to expand upon the high-grade discovery made in February 2026, which returned 105.0 g/t Au over 1.15 m.
The drilling contract has been awarded to Forage Val d’Or (FVD), which is partnering with Mawi of Lac Simon as the exclusive Indigenous partner. Quality assurance and quality control protocols include certified reference materials, blanks, and field duplicates, with samples sent to AGAT Laboratories. The launch of this program follows a private placement in June 2026 that raised approximately $3.17M, funds designated specifically for the 2026 drill campaign and working capital.
Harvest Gold Corp. (HVG) announced the start of its drill program on July 15, a date that aligns exactly with prior management guidance. The program was fully financed and publicly outlined in May and June 2026. The announcement represents a routine operational milestone rather than a new catalyst, as no new geological data, financial updates, or strategic shifts are disclosed. The news confirms capital deployment but does not de-risk the exploration stage or alter the company's near-term liquidity profile.
Harvest Gold Corp. (HVG) holds 100% interests in three gold projects in Quebec's Urban Barry Greenstone Belt: Mosseau, LaBelle, and Urban-Barry. The Mosseau Project serves as the company's flagship asset, covering 219 claims totaling approximately 11,099 hectares along a 17.7 km gold-bearing structural trend.
The company is currently in the exploration stage, with no mineral resource estimates or economic studies completed. Recent exploration efforts have identified a continuous approximately 32 km Kiask River Mineralized Corridor. High-grade intercepts within this corridor include 105.0 g/t Au over 1.15 m, alongside polymetallic zones containing silver, copper, and zinc. Harvest Gold is targeting the discovery of large, near-surface gold deposits by leveraging historical data and modern geophysical surveys.