Beneath the Highlight Rick Mark CEO Harvest Gold & Louis Martin Technical Adviser Harvest Gold

Rick Mills, Editor/ Writer, Forward of the Herd:

Louis, you’ve been within the exploration growth enterprise for
a few years. Might you please inform us the place your data base lies
and somewhat bit about your self. 

Louis Martin, Harvest Gold Senior Technical Advisor: 

Certain. I assume we are able to transfer fairly a methods again. I used to be born in a mining
city up in northern Quebec, my mother and father labored there so I used to be
really born into the business.

I did my college diploma in Montreal, and proper after graduating,
that very same week, I went as much as the Val d’Or space within the Abitibi
and began working. It was purported to be a one-month contract, however
I’ve been within the Abitibi now for over 40 years, so I do know the
space fairly effectively. 

I’ve moved throughout within the Abitibi. I’ve achieved the Val
d’Or camp. I’ve achieved the Noranda camp. I’ve been
within the Timmins camp. I’ve all the time appreciated the Abitibi.

RM: You have been a part of the exploration groups
that have been awarded the Discovery of the 12 months by the AEMQ for the West
Ansil Deposit and the Louvicourt Deposit. You’ve additionally labored
on a number of superior exploration initiatives together with bringing 4 of
these initiatives into manufacturing. You have been additionally Vice President of
Exploration with Clifton Star Sources, that staff accomplished a
Pre-Feasibility examine defining the 4.5 million-ounce Duparquet Gold
Venture. 

Now, after 4 many years plus you’ve landed right here.

LM: Rick Mark (Harvest Gold’s CEO) requested
me to check out the Mosseau challenge, it was in my yard.
I’ve pushed previous it, I knew the world and I appreciated it.
You’re a method of mineralization that I actually
appreciated, and it’s a good-sized property, about 18, 20 kilometers
alongside the strike, so yeah.

The northern half had lots of earlier work, with 16 identified gold
showings. From a geology viewpoint, which means there’s a
lot of smoke within the space.

So, that attracted us to the property, however as you’re employed your means
down, the central portion, the southern portion, the quantity of labor
decreases as you go southwards.

All of us thought that’d be an excellent property to accumulate and do
exploration work on. 

RM: You take a look at a map on the company
presentation, and the Abitibi is big, however why is the Abitibi so
richly endowed? There’s simply mine after mine, and
they’re very high-quality mines. What’s it concerning the Abitibi?
And specifically, what concerning the City Barry a part of it stands
out? 

LM: I’ll strive to not go too technical
into it, nevertheless it’s the rock varieties.

We have now Archean greenstone belts. These are a few of the oldest and
most beneficial rocks within the province and even on this planet.
They’ve gone by lots of deformation, the place the rocks get
moved, compressed, pulled aside. When you have got that form of
construction happening, you have got the fluids from deeper down that
include the gold which comes up alongside the regional deformation zones
and develops into gold deposits. 

On a regional scale these construction are very linear. Lots of
these constructions, you’ll hear folks discuss concerning the
Cadillac-Larder Break, the Destor-Porcupine Break. And in our case
right here, we’re up within the City Barry belt and its related
deformation zone.

It’s only a query of excellent rocks, good constructions, good
mineralization underlying, and it makes good gold deposits. 

RM: If you’re planning the
exploration, what methods would you employ to seek out probably the
proper rocks for a deposit? 

LM: For a geologist it’s pretty straight
ahead, you all the time do a giant compilation of all of the accessible knowledge
first. We began by reviewing all of the historic maps accessible.
The Quebec authorities has a wonderful database, so you are able to do
queries together with, “Displaying all of the gold deposits out
there.” You possibly can see these clusters growing. Then you definitely throw
in different queries. “Present me those which have volcanics or
sedimentary rocks related to it.” That’s the place we
begin seeing the City Barry belt. Then you definitely add one other question.
“Present me the place there’s fault constructions that may very well be of
curiosity.” 

RM: Now, what concerning the north a part of the
Mosseau? What attracted you about that? What about that space
coincides with what we’ve talked about already? 

LM: I believe the most important focus was the quantity
of showings. To me, whenever you get that many showings, you understand
there’s lots of smoke within the space. That’s what targeted
us into that half.

RM: Are you able to clarify to us concerning the dilation
zones and vector halos, mainly what did we discover there and why
we’re enthusiastic about it?

LM: I’ll begin out with the dilation
zone. Primarily the entire province of Quebec has been flown,
coated, with airborne magnetics by the federal government. They have been flown
at a really large-scale, with the strains have been fairly far aside. It
wasn’t very detailed, however at the very least the info tells you
you’re in the correct rock varieties.

So, we went in to the world and flew a really high-resolution magazine
survey. So quite than having flight strains like at 250, 300 meters
aside like the federal government, our flight strains have been at 50 meters
spacing and a a lot decrease elevation.

What which means is you can begin seeing geological constructions
growing quite a bit higher. Dilation zones are created by having rocks
shifting aspect by aspect, opening up, making a zone of low stress.
When you have got that low stress zone, the gold bearing fluids are
capable of transfer up alongside the rocks and constructions quite a bit simpler.

Doing the high-resolution magnetic survey, we have been capable of immediately
understand, “Oh, there’s a dilation zone, low stress, a
lot extra fluids.” You may make related analogies with different
deposits all through the Abitibi.

We stated “Okay, let’s deal with that structural
zone.” We overlaid all of the historic gold showings. We then
observed that almost all of these gold showings are straight
associated to this dilation zone, that zone of low stress.

In order that’s what targeted us in on the northern portion of the
property. We all know there’s gold mineralization. We wish to
study that space intimately and get extra data on the type of
mineralization. It’s not only a query of reviewing a
historic 1950 or 1980 geological report, however you wish to drill and
gather good samples of the mineralization. So, we drilled a pair
of holes into that dilation zone close to some previous showings.

And, once more, we needed to see possibly if these previous gold showings have
roots or deeper sources. So, we drilled a few holes beneath the
showings. And that’s the place we began seeing what was hidden
within the floor. We’re seeing gold mineralization, sure, however
we’re additionally seeing gold related to some silver and copper
mineralization.

We’re seeing a really good mineralogical affiliation with the
gold-silver and copper occurring collectively. Traditionally, the
earlier explorers have been targeted on high-grade gold mineralization.
Effectively, we turned that round and stated, “What if we utilized a
decrease grade gold threshold or cutoff?” The value of gold has
skyrocketed, so the cutoff fee must be a decrease, too.

Making use of these decrease cutoff grades, we’re immediately seeing that
we’ve obtained broad zones with identifiable gold and or copper
halos. These broad halos are connecting up and highlighting the
higher zones.

That’s what we’re specializing in at this cut-off date,
it’s not simply small high-grade intersections, however broad zones,
and these broad zones must be main us in the direction of the bigger richer
areas of mineralization. 

We’re additionally searching for essential geological constructions. We
wish to be in a mineralized shear zone, and once more, not only a slender
six-inch shear zone, however as we’re seeing in our drill gap outcomes,
multi-meter, 10, 20, 30-meter broad shear zones, that’s a superb
dimension zone to be in.

The good factor about these sorts of issues, halos and shear zones,
is that they often have good continuity, each alongside strike and at
depth. So, in the event you’re trying to find elephants, you wish to have
these massive, mineralized halos, essential constructions and shear
zones, all issues that point out good continuity. 

RM: What did we uncover? 

LM: Effectively, the primary gap was one of many extra
attention-grabbing mineralogical and high-grade holes, the place we obtained some
very good mineralization, together with silver and copper. We’re
speaking 8.7 grams per tonne gold, 203 grams of silver, 2.26% copper.

That kind of woke us up and stated, “Whoa, it’s not only a
gold exhibiting out right here, nevertheless it’s a multi-element exhibiting.
It’s obtained each valuable and base metallic mineralization; we
actually appreciated that half.”

However it was the subsequent couple of holes the place we began seeing that
it’s not simply slender high-grade mineralization, there are
broad mineralized zones on the market. From that we began fine-tuning
our geological story on the northern a part of the property.

We have been capable of relook on the 16 identified gold showings and multitude
of gold intersections and overview it with our new concepts that included
multi-element mineralization and wider halo zones. This compilation
allowed us to slender our deal with three specific areas within the
northern a part of the property. “Now we’ve obtained three
goal areas we wish to observe up with diamond drilling subsequent
12 months.” 

RM: Let’s transfer right down to the central half
of Mosseau and try the not too long ago launched assays. You
labored up numerous drill targets, we drilled, and we’ve now
obtained 5 holes again, with extra coming. What was the impetus for
going into that individual space? 

LM: We began our exploration program within the
north a part of the property, it was a superb space to study and apply
our theories, due to the quantity of identified mineralization within the
space.

What we discovered from the northern half, we have been capable of apply to the
central portion of the property. The central portion had quite a bit much less
earlier work and exploration. One of many causes is the northern
half was developed earlier and had extra forestry entry roads, so
extra prospectors, and extra exploration corporations can get in there
and do work.

With the high-resolution magazine we had flown within the north, we have been in a position
to make use of those self same standards when wanting on the central half and say,
“Hey, we’ve obtained an analogous, but massive dilation zone out
right here too.” We’ve obtained the shear zones that we’re
seeing within the north persevering with throughout. We did a soil geochemistry
survey final fall, one thing that had by no means been achieved on the
property.

Then we began seeing these gold dispersion trains being recognized
within the central a part of the property. So, we stated, “Let’s
overlay the magazine, the structural zones, the beneficial geology, the
soil sampling outcomes, and with this we started the concentrating on
course of.”

We outlined 10 targets within the central half. At this cut-off date,
we’ve launched the assay outcomes of the primary 5 holes in
the central a part of the property. 

RM: The Kiask River Deformation Zone, does
which have the identical form of rocks as what we’re searching for, a
akin to Windfall? 

LM: Sure, we’re nonetheless in the identical kind of
beneficial greenstone rocks. Once more, we’re within the Abitibi,
we’re within the volcanic sequence. Windfall represents a
structural splay off the City Barry Deformation Zone, and
we’re drilling on an analogous construction. Virtually like a mirror
picture of it, besides with a northwest-southeast route.

RM: What do you assume was a very powerful
gap and why? What will we see from the outcomes?

LM: I’m extra excited concerning the central
holes than I’m concerning the northern ones. The northern ones have been good
studying holes permitting us to develop our theories. I believe there
are nonetheless glorious targets to go after within the northern half, however
the central holes, that’s the place the thrill is, these 5
holes, all hit broad mineralized halos. A few of these intersections
measure from 7 meters as much as 21 meters in width.

All 5 of them line up in a row and intersected the focused shear
zone.

There’s a broad halo with gold mineralization, and there’s
some copper and silver in there additionally. So, I believe it proves up our
idea that this is a superb mineralized construction to discover
alongside. And, once more, deal with its in depth strike size.

We did solely 5 holes on this construction, however from prospecting and
different work, we all know it extends at the very least 3 kilometers alongside strike.
Trying on the magazine knowledge, we are able to simply triple that strike size
opening up new exploration targets.

RM: How essential was it to have that seen
gold, the VG? 

LM: I believe the seen gold is essential. It
proves up our idea that high-grade mineralization does exist. The
seen gold, with 105 grams is one pattern, with the grade averaged
out over the complete size of that pattern.

There are a number of specks of seen gold in that pattern. However extra
importantly, it was in the correct rock kind and shear zone that we
have been concentrating on.

Our exploration focus will proceed testing these broad shear zones
as outlined by the gold and or silver and copper halos. 

The follow-up work will encompass following these halos and discovering
out the place they’re going to pay attention the gold.

Our very first gap, gap SW-25-25, did get that proper. It
intersected a 7-meter broad shear zone or halo with mineralization.
And proper subsequent to it, there was the 105-gram materials. So, it does
show the idea of one of the best place to be is alongside that broad shear
zone.

And, once more, these a number of widths, that lengthy strike size says
it’s going to be a giant system. 

RM: And probably a wealthy one. 

LM: That’s the entire objective; we wish to
discover the place we get a mixture of good shear zone widths and
high-grade gold materials. 

RM: Effectively, I’m comfortable that there’s
excessive grade gold within the Kiask River Deformation Zone.

LM: The primary holes we did have been on a brief
part of the Kiask River Deformation Zone. There was one small
half that had some earlier mechanical overburden stripping. You see
these good, broad shear zones, with good sturdy carbonate alteration.

Even a non-geological individual may see this outcrop and remark,
“Wow, that appears like actually attention-grabbing rock.”
It’s very totally different from the rocks on both aspect. Vior, had
explored within the space in 2017, one among their drilled intersected
anomalous gold, together with 2.93 grams over 5 meters, and wider halo
materials additionally.

Harvest went on this space and stated, “Okay, let’s drill
alongside strike to check the continuity,” and we obtained even higher
numbers. However the factor is, we nonetheless have lots of strike to cowl
for that complete mineralized horizon, the Kiask River Deformation
Zone. For future exploration drilling, we are able to go in there and begin
drilling, beneath that 105-gram intersection at depth, plus we are able to
drill alongside strike from it.

Elsewhere within the central a part of the property, we’re concentrating on
related, parallel magnetic options, alongside the gold dispersion
trains from the soil sampling. A lot of the central a part of the
property nonetheless has a number of grassroot targets which are underexplored.

And if it’s something just like the northern half, we are able to count on
a number of stacked shear zones. 

RM: How a few wrap-up.

LM: I believe the exploration challenge went very
properly. We drilled the northern a part of the property in areas the place
there have been identified gold mineralization. We discovered quite a bit from that
work and developed new theories for finding the gold. So,
we’ve come out with this multi-element story that not solely
consists of gold however its affiliation with silver and copper.
We’re fine-tuning our concentrating on strategy with the broader halo
story.

We have now now utilized that data to the much less explored central half
of the property. And, once more, it’s confirming what we have now
discovered to the north, however now we have now a a lot larger goal space to
discover.

And that’s what we’re going to be doing within the subsequent
exploration program. It’s persevering with to follow-up on these
northern targets, however on the similar time returning to the central space
the place we have now an even bigger and fewer explored exploration space.

On high of that, we have now the southern a part of the property that
hasn’t even actually been explored. We did somewhat little bit of soil
geochemistry final fall. We’re nonetheless ready for outcomes. And,
once more, we plan on growing extra targets down there, much like
what we did within the central half.

RM: We’ve explored a really small a part of
the general property package deal. 

What we’ve achieved already, we’ve talked about, however
let’s take a look at what’s left of the three properties and
construction that we have now to have a look at.

LM: So far as exploration, our mannequin could be very
easy, we imagine there are a number of mineralized shear zones on the
property, many who have by no means been examined. So, once I talked about
3 kilometers or 10 kilometers of strike, keep in mind that’s one
horizon, however simply think about a number of mineralized shear zones stacked
one on high of the opposite. The Mosseau property has additionally been expanded
down in the direction of the southeast by some new staking.

After which we have now the LaBelle property that we staked, which is
entirety 100% owned by Harvest Gold. So once more, this provides us a number of
extra kilometers of strike size to discover.

Other than this we even have the below explored City Barry property
to the north. The property has somewhat bit extra overburden
protection, however we simply completed off a until survey late final fall and
we’re ready for the outcomes. This property nonetheless stays a
grassroots exploration play however in extremely beneficial geology. 

We’re advancing all our initiatives with identified or acquired knowledge, to
testing geological fashions, to growing targets for future
exploration.

RM: Rick, thanks in your persistence, what
would you wish to say? 

Rick Mark, CEO, Harvest Gold:

What I’ve been attempting to do, Rick, and I believe you perceive
this, over the past 5 weeks or in order we’re studying extra, my
position is to attempt to translate this story and take, in the event you like, the
half an hour you spent with Louis and switch it into three or 4
minutes of actually a possibility story, a worth proposition story.

And I believe with out query, the 105 grams per tonne gold story
headline yesterday clearly drove the market. We traded over 4
million shares, touched 10 cents once more. So, we’re in the correct
place.

What we’ve achieved is taken our 20-kilometer lengthy Mosseau
property, one among our three properties that totals 50 kilometers.
We’ve taken a big, lengthy property and put 20 holes in
it, Rick. That’s all we’ve drilled, simply 20 holes.

Take into consideration that. It’s a superb perspective for traders and
shareholders to know. 

We put collectively a fairly good, smaller, extraordinarily high-grade hit.
That tells the viewers that there’s high-grade gold on this
system. Bear in mind, 20 holes over 20 kilometers.

So, what have we completed? Effectively, we had a small outlined zone to
the very north that we actually thought of a secondary goal. However by
utilizing our copper, silver, gold halo set of glasses, Louis has now,
at this level, outlined targets there. We take a look at Trench 2, the place we
talked about excessive gold grades, we went again with our new set of
glasses. We’ve obtained six to eight targets there.

And we’re going again to the extra explored Morono space, which
everybody has identified about on this neighborhood for 45 years. Morono was
what was identified about Mosseau and blown off to a sure extent even
by us, Rick, as not sufficient ounces, albeit close to floor, inside the
first couple of hundred meters, however not sufficient ounces to construct a
firm round. Now we’ve lastly drilled below Mosseau, and
we’ve obtained 10 meters and 19 meters of proof that we’ve
obtained a distinct form of mineralization.

We additionally went 300 meters alongside strike to the southeast, the place we
observed this copper end in floor seize samples. One in every of our guys,
Warren Bates, was actually enthused about that.

So, Louis took that and developed some targets and what have we now?
With the brand new set of glasses, we’ve obtained a number of targets at
Morono. 

You, I, and most of the people thought the north didn’t have a lot
going for it. Now we all know that it’s obtained an excellent deal going for
it. That’s great.

That’s an incredible discovery by Harvest Gold. And now within the
Kiask River Deformation Zone, one other discrete space, albeit nonetheless
restricted testing over 3 kilometers of strike size, we’ve
added 5 extra holes to make 9 holes, Vior did 4 in 2017.

No one’s actually been right here. And so, we’ve obtained one other
discrete zone highlighted by this unimaginable take a look at 105 grams of
gold over about 4 ft, bringing the market’s consideration to the
firm. Implausible.

However as Louis says, it reinforces our speculation that this has a lot
extra to go. So, at this level, we’ve lowered 20 kilometers
with 20 holes to 4 discrete areas, albeit one among them nonetheless fairly
massive. And now drilling is extra focused with a greater set of
glasses to assist us perceive and monitor by this gold, silver,
copper halo, easy methods to monitor the proof of the mineralization.

RM: Individuals are listening to what
Harvest is doing, and your outcomes.

RMark: The neighborhood is getting busy. Whereas
we have been working over the past 12 months, Vior led the best way, and something
that got here accessible to the north of Mosseau, to the south of
Mosseau, and to the north of LaBelle, they have been staking up and
placing inside our settlement, which we have been more than happy about. We
did some staking as effectively, nevertheless it was attention-grabbing in December, our
land administration girl stated to us, “There’s some claims
coming as much as the north of Mosseau, and there’s a little bit of a
lineup.”

I believed there have been six folks in line, Rick, and there have been 42
folks in line for six claims. So, this neighborhood, albeit
assisted by Goldfield’s $4 billion buy of Windfall, however
with out query assisted by Harvest Gold’s taking up 50
kilometers of strike size on this belt and on this splay, has made
this neighborhood extra essential. 

When 42 individuals are lined as much as get six claims, I believe we are able to say to
the market we’re in a neighborhood that has perceived worth, and
that’s one of many methods on this very troublesome time and stage
of an early exploration firm to inform the market this actual property
has worth.

RM: What do you wish to accomplish this 12 months?

RMark: The very last thing I’ll say, and this
is essential to our shareholders, we wish to personal 100% of
Mosseau. That’s our objective in 2026, and as early in 2026 as we are able to.

Somebody requested me, and I used to be happy to have the ability to say it for the
first time, “What will we appear like a 12 months from now?” And
I’d say with some confidence, what we appear like a 12 months from
now’s an organization that has now obtained extra targeted drilling by the
discrete areas that Louis and I’ve talked about, that we’ve
described in our press releases. And we put sufficient holes in that to
set up ourselves as on monitor to seek out deposits. 

We’ll have a inventory worth that’s a lot increased. We’ll
personal 100% of Mosseau, and we’ll personal 100% of City Barry and
LaBelle, having 50 kilometers of energy size within the City Barry
Belt. We’ll increase 10 to twenty million {dollars} at a a lot increased
worth, or we’ll take this 100% of Mosseau, and we’ll
begin speaking to others who may wish to cease our dilution and
enable us to dilute the property, which if achieved correctly, could be
very advantageous to our shareholders. 

So, what have we completed in ‘25? I believe we’ve
completed an excellent deal. And we’re going to accomplish much more
in 2026.

I’m very happy with the staff, and Louis has achieved a superb job.
What are we going to perform in 26? Effectively, I believe this subsequent step
can be that leap step. I imagine we’ve taken a giant leap in
‘25. The market simply doesn’t present it but. We’re
nonetheless sitting an $8 million valuation. Forty-two folks need six
claims anyplace close to us, and we’re solely at an $8 million
valuation.

We’ve obtained extra work to do, however now the work is extraordinarily
targeted. We not are poking 20 holes in 20 kilometers,
we’re completely dialed in and I believe that’s a praise
to the entire staff, and significantly Louis and the geo staff. 

RM: Harvest Gold has 50 kilometers of strike
size within the Abitibi. We’ve obtained confirmed mineralization,
polymetallic. We’ve obtained vectors. We’ve obtained halos.
We’ve obtained dilation zones. We have now deformation zones. We have now
a number of stacked and broad shear zones.

You’ve confirmed the place there’s lots of smoke, you have got hearth
current, there’s mineralization. The drill outcomes verify
what we thought, you have got confirmed the exploration potential of
that fifty kilometers of strike size.

Is there something you needed to say and wrap up, Louis? 

LM: I believe we coated most of it proper there,
and the most important factor, it’s an underexplored greenstone belt.
We’re utilizing fashionable exploration methods, whether or not it’s
high-resolution mags, soil geochemistry, it’s pointing us to
the targets. To date, the success fee is sweet, so I’m fairly
pleased with our work. We nonetheless have lots of property to discover
alongside the strike and the opposite properties. 

RM: Thanks, Louis, pleasure assembly
you. 

Rick, would you wish to wrap up? 

RMark: I believe, as I described it, it’s
a troublesome pathway for early-stage corporations. We made the choice
towards some folks’s recommendation to tackle the dimensions of properties
that we have now, and I needed to ensure that we had sufficient weight to
construct the corporate round, sufficient substance, and I believe we’re in
the method of, because the market round us begins to worth this space
extra, as evidenced by, clearly, the $4 billion Gold Fields Osisko
purchase and the form of exercise we’re seeing in declare staking,
but in addition the work that we have now achieved now. 

Going again and what folks have checked out for 45 years, I
love the story, Rick, of wanting by a distinct set of glasses.
It’s fairly exceptional what it’s achieved for our means to
higher perceive what we have now, and most significantly, and that is
why I’m so assured about this subsequent drill program, our
concentrating on means has been enhanced.

We have now a sharper focus. We have now new pathfinders, and that’s
the form of factor that can give me confidence to say, as I stated,
this subsequent drill program, we’ll count on outcomes that can then
affect the market. 

The longer-term gamers what we have now at the moment at an $8
million market cap, you’ve obtained to personal this inventory and belief us
that we’re going to spend that cash properly. 

I believe the those that know us effectively know that we do this, and that
once we get to drilling, once we get to utilizing the cash for
exploration, that this staff is aware of what they’re doing, however
there’s a lot extra to go, and I believe who we’re at the moment after
a 12 months of this work on Mosseau we’re a a lot smarter, higher, and
larger firm, and but our market cap has hardly modified, and I say
to traders that’s a possibility.

RM: Thanks, Rick. 

RMark: Thanks Rick, I actually recognize
it.