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MONTREAL, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (TSX.V: HAR) (“Harfang” or the “Company”) is pleased to announce a winter diamond drill program at its recently acquired Sky Lake Gold Project located in Ontario’s Pickle Lake Gold District. Drilling will focus on the Koval patented claims and is expected to total approximately 2,500 metres in 12 drill holes.
“We are very excited to announce this long-overdue drill program at Sky Lake,” commented Rick Breger, President and CEO of Harfang. “The Koval claims have not been meaningfully explored since the mid-1980’s and we believe there is significant gold potential. We are currently in the process of finalizing all the logistics for the program and we expect the drills to start turning shortly after the PDAC Convention, in mid-March. We look forward to updating the market with project developments and, eventually, sharing drill results from Sky Lake.”
Land Acknowledgement
Harfang respectfully acknowledges the traditional territory of the Mishkeegogamang Ojibway First Nation. We recognize their enduring presence and connection to these lands, which have been their home for countless generations. The Company is grateful for the opportunity to work here and is committed to conducting all activities in a way that respects their rights, culture, and traditional ways of life.
The Koval Patented Claims
The Koval Patented Claims include 28 claims totalling 295 hectares within the larger 9,100-hectare land package that is the Sky Lake Gold Project. Diamond drilling conducted in the 1950’s, 1970’s, and 1980’s intercepted near surface high-grade gold mineralization with the majority of the holes not exceeding 200 vertical metres. In addition, many of these shallow drill holes were terminated while still in mineralized zones.
Management Update
The Company is also pleased to announce that, effective February 18, 2025, Mr. Richard Breger has reassumed the roles of President and CEO and has been reappointed as a Director of Harfang.
Vertical Amalgamation
Harfang also announces that on February 1st, 2025, it has completed a vertical short-form amalgamation (the “Amalgamation”) with its wholly-owned subsidiary, NewOrigin Gold Corp. ("NewOrigin"). Beforehand, on January 31, 2025, NewOrigin completed its continuance out of the jurisdiction of Ontario and into the jurisdiction of Québec under the Business Corporations Act (Québec) (the “Continuance”). The Amalgamation will streamline Harfang’s exploration activities under a single corporate entity and will reduce corporate and operational expenses. Following the Amalgamation and Continuance, no action is required by shareholders. The certificates of Amalgamation and Continuance are available on Harfang’s SEDAR+ profile at www.sedarplus.ca.