Harfang Exploration Inc. (“Harfang
” or the
”) (TSX-V: HAR
pleased to announce results from its recently completed exploration
program on the Serpent-Radisson Property
” or the
”). This program resulted in the
discovery of several gold-in-soil anomalous zones as well as
additional bedrock occurrences of high-grade gold mineralization.
In addition, the Company discovered lithium and rare element
pegmatite dykes in the eastern part of the Property.
The summer exploration program represents the
first fieldwork on the combined Property following the successful
merger of Harfang and LaSalle Exploration Corp. in April 2022 and
emphasis was placed on areas that had received little exploration
to date. Harfang retains a strong treasury with $9.49 M in
cash (July 31, 2022).
The Property covers 50,843 hectares (988 claims)
of prospective Archean basement terrain hosting a district-scale
gold endowment discovered by the Company. The target area is
comprised of a kilometric scale gold-in-till anomaly (>8 km2)
and more than 55 high-grade gold surface showings identified
to-date, clustered in a corridor straddling the boundary between
the previous Serpent and Radisson properties.
- Large 2.2 km2
gold-in-soil geochemical anomaly defined by 65 samples with up to
2.27 g/t Au south of Goldhawk and southwest of 2021 and 2022
bedrock discoveries of high-grade gold including 26.3 g/t, 14.1 g/t
and 10.5 g/t Au; 12% of grab samples above 0.1 g/t Au;
- Discovery of
lithium and rare element pegmatite dykes on the eastern part of the
Property, near Lake Sakami.
In June, Harfang executed a soil geochemical
survey that was a continuation of previous surveys completed
further east on the Property. The 2022 survey was part of an
extensive prospecting program mainly focused along the gold-bearing
trends straddling the boundary between the former Serpent and
Radisson properties. In addition, Harfang initiated work to
evaluate pegmatite stocks and dykes on the eastern part of the
Property which have been found to be prospective for lithium and
rare elements including tantalum and cesium.
Soil Geochemistry Program
The 2022 soil survey was designed to provide
further definition of the western extension of the gold-in-soil and
gold-in-till anomalies discovered through surveys completed since
2019 (Figure 1). A total of
1,133 B-horizon soil samples were collected during the 2022
summer along lines spaced 200 metre apart, with samples
collected every 50 metres along each line. Approximately 10%
of the soil samples contain more than 25 ppb Au (0.025 g/t)
which is considered an anomalous value in this type of geological
setting. Five (5) soil samples contain between 1.17 g/t and 2.27
Results disclosed in this news release represent
the largest and strongest gold-in-soil anomaly outlined on the
Property to date. Figure 1 shows the outline of
this cluster dominated by 65 samples with gold above 25 ppb
covering a 2.2 km by 1 km area. This outline overlaps the
previously reported southwestern extension of the gold-in-till
anomaly (see news release dated January 25, 2022). Sub-trends of
gold-rich samples within the larger anomalous cluster appear to
show a northeast orientation coincident with one of the dominant
structural trends observed on the field. The distribution of gold
in glacial sediments (soil and till) in this part of the Property
is interpreted to be the result of either gold-bearing structures
in the underlying bedrock or a glacial dispersal train towards the
southwest and derived from a potential mineralized bedrock
Furthermore, soil samples collected in the
southeastern part of the Radisson Property returned small clusters
of high gold values. Most of these clusters are spatially
associated with confirmed or interpreted northeast and
west-northwest gold-bearing structural breaks (e.g. Goldhawk).
Most of the prospecting program was focused on
the former Radisson Property in proximity to the former Serpent
Property (Figure 2). A total of 534 rock
samples were collected during the summer. Four (4) gold showings,
up to 26.3 g/t, 14.1 g/t and 10.5 g/t Au, were discovered. Some of
them show a strong correlation with high values in silver (up to
262 g/t Ag) and lead (up to 3.93% Pb) (Table
As for previous exploration programs on the
Property, extensive sulphide-bearing shear zones and quartz veins
were commonly discovered along northeast and west-northwest
structural lineaments. Some of these features are interpreted to be
the extensions of gold-bearing structures previously discovered by
the Company, namely Goldhawk, Goldhawk Extension and Talon.
Overall, 12% of the samples collected during the summer contain
more than 0.1 g/t Au, among which seven (7) contain
between 1.28 g/t and 26.30 g/t Au.
Table 1. List of grab samples
collected in 2022 on new gold, silver, copper and lead showings.
Bold numbers indicate values higher than the threshold limit for
gold, silver, copper and lead showings.
* According to www.sigeom.mines.gouv.qc.ca
(Ministère de l'Énergie et des Ressources naturelles du
Potential for Pegmatite-hosted Lithium and Rare
Granite and associated pegmatite of the Vieux
Comptoir Granitic Suite are common rocks in the eastern part of the
Serpent Property, near Lake Sakami. These rocks are hosted in
amphibolitized mafic volcanics, paragneiss and gabbro near the
major boundary between the La Grande and Opinaca subprovinces.
Harfang conducted a preliminary reconnaissance of the lithium and
rare element potential of these pegmatites and granites collecting
18 grab samples (Figure 3).
Table 2 lists samples collected in pegmatite
with values above 360 ppm beryllium (Be), which is the lower
limit for a beryllium showing, and associated rare elements.
Multiple samples give highly anomalous cesium (up to 998 ppm
Cs), lithium (up to 1,420 ppm Li), niobium (up to 278 ppm Nb),
rubidium (up to 1,095 ppm Rb) and tantalum (up to 173 ppm Ta).
Bold values in the table are considered to be highly anomalous
results. Such enrichment for these elements is typical of pegmatite
swarms favourable for hosting significant amounts of lithium and
Some samples were taken in complex pegmatite
dykes and stocks containing minerals such as muscovite, black
tourmaline, garnet, and beryl. Figure 3 shows
centimetric beryl crystals in pegmatite at site SER-22-RO-029
(sample B346920). This sample was intentionally selected for beryl
crystals to better characterize the signature of the associated
elements such as cesium (998 ppm) and lithium
Table 2. Lithium and rare
element content in the most significant samples collected in
pegmatites in the eastern part of the Property.
* According to the www.sigeom.mines.gouv.qc.ca
(Ministère de l'Énergie et des Ressources naturelles du
** Selway, J.B. et al. 2005. A Review of
Rare-Element (Li-Cs-Ta) Pegmatite Exploration Techniques for the
Superior Province, Canada, and Large Worldwide Tantalum Deposits.
Exploration and Mining Geology, Vol. 14, Nos. 1-4, pp. 1-30.
The Company is in the process of integrating
technical data from the current program as well as completing a
merge of datasets from both the Serpent and Radisson properties in
order to conduct an overall assessment of the data, which is
anticipated to lead to drilling in 2023.
The Company is also pleased to announce that,
subject to regulatory approval, it has engaged the services of
Independent Trading Group ("ITG") to provide market-making services
in accordance with TSX Venture Exchange ("TSX-V") policies. ITG
will trade shares of the Company on the TSX-V and all other trading
venues with the objective of maintaining a reasonable market and
improving the liquidity of the Company’s common shares.
Under the agreement, ITG will receive
compensation of $5,000 per month, payable monthly in advance. The
agreement is for an initial term of three months and will renew for
additional one-month terms unless terminated. The agreement may be
terminated by either party with 30 days' notice. There are no
performance factors contained in the agreement and ITG will not
receive shares or options as compensation. ITG and the Company are
unrelated and unaffiliated entities and at the time of the
agreement, neither ITG nor its principals have an interest,
directly or indirectly, in the securities of the Company.
ITG is Canada's only brokerage firm dedicated
specifically to professional trading. As Canada's foremost
market-making firm, ITG provides Market Making and Liquidity
Provider services that are objective and focused. With its head
office in Toronto, ITG employs professional traders and provides
real liquidity, with an underlying emphasis on integrity and
The technical information in this news release
was prepared and approved by François Huot, P.Geo, Vice President
Exploration of Harfang, who is a non-independent qualified person
for the technical disclosure as defined by the National Instrument
43-101 Standards of Disclosure for Mineral Projects (“NI
The soil and rock samples reported above were
delivered to ALS laboratories in Val-d’Or, QC. Preparation for
analysis and analytical determination were made in various ALS
laboratories in Canada (Val-d’Or, Vancouver, Sudbury). Each soil
sample was collected in the B-horizon layer using an auger and
placed in a paper bag which was wrapped in a plastic bag to avoid
contamination between samples. All soil samples were prepared using
the PREP-41 method. Chemical elements of the fine fraction
(<180 m) of soils were determined by ICP-MS following an
Aqua Regia partial digestion using a 25-gram aliquot (AuME-TL43).
The lower detection limit for gold with this method is 1 ppb.
Rock samples (except pegmatites tested for lithium and associated
rare elements), prepared with the PREP-31A method, have been
analyzed for gold and 33 other chemical elements. Gold was
analyzed by atomic absorption following fire assaying on a 30-gram
sample fraction (Au-AA23). Other elements were analyzed using the
four-acid ICP–AES method (ME-ICP61). Rock samples with
>10 g/t gold were reanalyzed with a gravimetric finish
(Au-GRA21). Silver (>100 g/t Ag) and base metals such as
Pb, Zn, Mo (>1%) were analyzed by ICP following a four-acid
digestion. A few samples were analyzed for Pt and Pd by fire assay
and ICP-AES finish (PGM-ICP23). Rock samples collected in pegmatite
were prepared with the PREP-31A method and analyzed by ICP-MS
following a sodium peroxide fusion (ME-MS89L). Standards (OREAS
certified samples) and blanks were inserted by Harfang among the
rock samples. The sampling procedures and the quality control
followed protocols developed by Harfang and ALS. Preliminary data
interpretation was done by Harfang.
Cautionary statement: Grab samples described
above are selective by nature and reported grades might not be
representative of more extensive mineralized zones.
About Harfang Exploration
Harfang Exploration Inc. is well financed with
approximately $9.49 M in the treasury as of July 31, 2022 and
is a technically driven mineral exploration company with the
primary mission to discover ore deposits in Québec and Ontario. The
Company is managed by an experienced team of industry professionals
with a proven track record of success, controls a portfolio of
highly prospective projects and has a strong financial position.
Harfang is dedicated to best practices through engagement with all
stakeholders and commitment to the environment.
On behalf of the Board of Directors and for further
information, please contact:
Ian CampbellPresident and Chief Executive OfficerTel:
647 680-3820Email: firstname.lastname@example.org Web:
Cautionary Statement Regarding Forward-Looking
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 the Company 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, the Company
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.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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