Harfang Makes New Gold Discovery and Drills 7.0 g/t Au Over 18.0 m at Sky Lake, Ontario

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Harfang Exploration Inc.
Harfang Exploration Inc.

MONTREAL, May 14, 2025 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (TSX.V: HAR) (“Harfang” or the “Company”) is pleased to announce a new gold discovery and the first batch of results from the maiden 2025 winter diamond drill program (“Winter Drilling”). Winter Drilling focused on the Koval patented claims at its recently acquired and wholly owned Sky Lake Gold Project located in Ontario’s Pickle Lake Gold District.

The Company has discovered two high-grade mineralized zones in a kilometre-long shear zone. This first batch of drill results provide early confirmation of a significant mineralized gold system.

HIGHLIGHTS

  • Headline interval of 7.0 g/t Au over 18.0 metres (incl. 10.3 g/t Au over 8.2 metres) commences at a vertical depth of 40 metres below surface in hole SLA-25-03.

  • Additional discovery returned 2.0 g/t Au over 13.4 metres (incl. 4.9 g/t Au over 3.7 metres) in hole SLA-25-03.

  • New gold discovery of two distinct mineralized zones confirming the presence of a significant gold system along a major shear zone.

  • All three holes included in this release intersected gold mineralization and associated alteration patterns.

  • Mineralized zones consist of quartz-sericite-biotite alteration envelops with pyrite, pyrrhotite and arsenopyrite finely disseminated and in stringers, accompanied with quartz-tourmaline shear veins

“We are delighted to have finally drilled Sky Lake,” commented Rick Breger, President and CEO of Harfang, “and we have been rewarded with a new gold discovery. The significant interval of 7 grams per tonne gold over 18 metres, a metal factor of 126 gram-metres, is a fantastic start. We believe that Sky Lake is perfectly situated along an underexplored greenstone belt in a geologic environment that is ripe for mineralization. We have all the typical ingredients of an Abitibi-like orogenic-style gold deposit, such as the mineralogy, alteration patterns, and veining.”

“In terms of next steps, our priority is to receive and process the second batch of results. Once those are in hand, we expect to be able to put together a geologic model to help plan a follow-up exploration program this summer. With close to $3 million dollars in the treasury, we have the means to plan a robust program to further our understanding of this asset.”

Winter Drilling

Winter Drilling was designed to test high-priority targets generated through the analyses of historical drill data using modern 3D geologic modeling practices. The historical drill data went as far back as the 1950’s.

From mid-March to early April, a total of 1,338 metres were completed in six diamond drill holes, centered on the Koval Zone. Today’s release includes assay results from the first three holes: SLA-25-01, -02, and -03, totalling 575 core samples which represents approximately 45% of all samples submitted. Results from the remaining three holes are pending.