Harfang Announces an Important Summer Exploration Program on its Serpent Property (James Bay, Québec)

MONTREAL, May 12, 2020 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (“Harfang”) (TSX-V: HAR) is pleased to provide new information on a recently completed Induced Polarization (“IP”) geophysical survey and an update on upcoming summer exploration activities to be conducted on its 100% owned Serpent Property (“Property”) in James Bay (Québec) (Fig. 1).

The IP survey completed over the Mista trend successfully detected a more than 800 m long chargeability axis superposed to the Mista Cu-Au-Ag prospect (0.99% Cu, 0.20 g/t Au and 7.7 g/t Ag over 11.7 m in trenching). That prospect refers to a sulfide-bearing quartz-rich arenite injected by quartz veins already traced at surface over 350 m in length by Harfang’s team. The IP axis suggests the continuation of the mineralization underneath soil and vegetation toward the west (Fig. 2). The result of the survey confirms the relevance of Harfang’s method to identify mineralized rocks by mapping conductivity (resistivity) and chargeability of metallic minerals in the bedrock.

This summer, we will extend the IP survey over the gold-in-till anomaly covering a 4 km² area in the southwestern part of the Property. That anomaly was defined by a cluster of 9 till samples containing between 26 and 324 gold grains (see press release dated January 16, 2020) (Fig. 3). Gold analytical results of the non-magnetic heavy mineral concentrates of these tills, recently obtained from Actlabs (Ancaster, Ontario), returned very significant values including many samples grading from 1 to >30 g/t Au (Fig. 4). According to Stuart Averill (P.Geo), founder and chairman of Overburden Drilling Management Ltd. (“ODM”), the gold-in-till anomaly at Serpent may be considered as one of the most significant in Canada. ODM was mandated to proceed with the gold grain count of the till samples. Harfang considers that this unexplored portion of the Property represents a high-priority prospective target and warrants a serious exploration effort. High-grade gold occurrences at Serpent are mainly associated with shear zone-hosted quartz veins. The major East-West structural break extending over more than 4 km, which is interpreted from magnetic discontinuities, represents a prime target up-ice of the gold-in-till anomaly (Figs. 3 and 4).