VANCOUVER, BRITISH COLUMBIA (Commodity Online): Harvest Gold Corporation (TSX VENTURE:HVG) have announced that all gold and silver assays have been received for the twelve reverse circulation drill holes completed during the Company's first phase drill program at its Rosebud Mine property in Pershing County, Nevada. Highlights from holes HVG-11 and HVG-12 are reported below.

Significantly, in hole HVG-11, the unconformity target was intersected with 24.4 metres of 0.64 g AuEq/t. A northeast oriented mineralized zone is emerging in which gold and silver are enriched at the unconformity. This zone is at least 250 metres long and is open to the northeast and southwest. Along with intercepts in four holes drilled during this first phase program, HGR-3, HGR-4, HGR-8, and HGR-11, and nearly all historical holes that penetrated the unconformity in this zone contain anomalous gold and silver mineralization. Several examples of mineralization at and beneath unconformities occur in Nevada. The most important is the Hollister deposit, where Great Basin Gold is developing high grade veins within Ordovician quartzite beneath Tertiary volcanic rocks.

Greg Hill, President of Harvest Gold Corp. (US) states: "We are very encouraged by the results in our first drill program at Rosebud. While each hole intersected gold and silver mineralization, three key intercepts stand out: HGR-3 drilled 35 metres of high grade silver at the unconformity extending mineralization beyond the underground mine workings; HGR-5 drilled 114 metres of bulk tonnage gold mineralization, expanding the bulk tonnage halo and increasing the volume of rock prospective for hosting high grade pods; and HGR-10 drilled 12 metres of shallow gold mineralization in the large, sparsely drilled Valley target, less than 500 metres (1,600 ft) from the mine footprint.

The Rosebud property is varied and complex. The shallow mineralization in the Valley target and deeper mineralization at the unconformity beneath and adjacent to the historic mine workings are both large, underexplored targets. In each target, nearly every historical drill hole contains precious metals mineralization or anomalous gold and silver concentrations. The size of the Valley and the unconformity target areas is similar to the mine footprint. And, there are four other targets, peripheral to the mine footprint, waiting to be tested in future programs.

Discovery of high grade chimneys within the bulk tonnage halo remains the Company's main focus. The addition of one or more high grade zones would have a major impact on the minability of the bulk tonnage halo. These results are now being integrated into our structural model, allowing us to fine tune the targeting for our phase two drill program."

To summarize the first phase drill program, twelve reverse circulation drill holes were completed for a total of 4,574 metres (15,005 feet). Ten of these holes were drilled at targets within the mine footprint area with the objectives of: searching for high grade pods or "chimneys" within the bulk tonnage halo; expanding the bulk tonnage halo; exploring the unconformity for high grade mineralization; and testing for feeder veins beneath high grade, previously mined ore zones.

The program was successful in achieving two of these four objectives: expanding the bulk tonnage halo in several holes, most notably hole HGR-5; and, discovering high grade silver mineralization at the unconformity in hole HGR-3.

Two holes were drilled at the Valley target with the goal of intersecting near surface mineralization in this largely unexplored blind target. HGR-10 achieved this goal with one of the best intercepts ever drilled in the Valley target.

The drill targets tested in this first phase drill program were based on Harvest Gold's reinterpretation of the geology, and particularly the structural framework at Rosebud. In addition to the achievements detailed above, the Company confirmed the presence of mineralized structures in many places predicted by the model. (Marketwire)

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