Harfang controls a strong portfolio of exploration assets in the Eeyou Istchee James Bay and Abitibi districts of Québec and Ontario, respectively. With the dual mandate of exploring for high-grade gold, as well as for critical and strategic minerals (CSMs) such as lithium, nickel, copper, cobalt, and platinum group elements (PGEs), the company’s exploration activities are underscored by a social license that prioritizes stakeholder engagement and environmental best practices. Harfang’s objective is to create shareholder value by unlocking the mineral endowment through sustained, systematic, and technically based exploration, as well as through partnerships.
The company is backed by various Québec institutional funds along with committed retail shareholders, providing the necessary access to capital. In addition, the company is well positioned with a new and engaged management team, an experienced board, and an asset base across various commodities and two jurisdictions.
Summer 2024 exploration
Harfang geologists were busy this past summer in Québec exploring for gold and CSMs on six of its 12 wholly owned assets. The overall philosophy of this past summer’s program was for the new management team to evaluate the portfolio, allowing them to gain focus going forward.
At Serpent-Radisson, the goal was to follow up on the Améliane spodumene discovery made in fall 2023. The discovery is highlighted by assay results including: 4.56 per cent Li2O, and 0.82 per cent Li2O over 20.0 metres (incl. 1.46 per cent Li2O over 6.0 metres), in a grab and channel sample, respectively. Summer 2024 exploration culminated in the Milou spodumene discovery. The Milou discovery is highlighted by assay results including: 2.97 per cent Li2O, 2.17 per cent Li2O, and 2.03 per cent Li2O (all grab samples).
At Lac Menarik, the goal was to follow up on the broad gold intervals drilled at the Pierre and Pierre Ouest zones in winter 2023. These highly altered and brecciated monzonites intervals are highlighted by 1.15 g/t Au over 47.0 metres (incl. 3.75 g/t Au over 7.0 metres), 1.75 g/t Au over 21.0 metres (incl. 2.49 g/t Au over 14.1 metres), and 0.54 g/t Au over 75.0 metres. Summer 2024 exploration focused on additional sampling across key alteration zones, as well as prospecting various IP anomalies and gold showings.
At Menarik Est, company geologists set boots on the ground for the first time and had the opportunity to ground truth historical Ni-Cr-Cu-PGE occurrences and further understand the Menarik ultramafic complex. The Menarik Est Zone hosts a non-NI 43-101 compliant resource of 6.34 Mt grading 7.73 per cent Cr2O3, 398 ppb Pd and 105 ppb Pt.
Harfang’s exploration activities are underscored by a core commitment to building positive, mutually beneficial relationships with local stakeholders. The Québec assets are located on the traditional lands of the Cree Nation of Eeyou Istchee, and with whom the company enjoys a respectful, collaborative, and mutually beneficial relationship.
Harfang 3.0: It’s time to fly
On August 9, 2024, Harfang announced its intent to acquire all of the issued and outstanding common shares of NewOrigin Gold Corp. (TSXV: NEWO) by way of a plan or arrangement. The transaction is predicated on combining Harfang’s Blakelock and NEWO’s North Abitibi projects to consolidate more than 11,000 hectares over a combined 25-kilometre strike length along the prolific Casa Berardi Deformation Zone; and to bring in the Sky Lake Gold Project, a 9,100-hectare underexplored asset in the Pickle Lake Gold Camp. Selected gold assay results from historic drilling at Sky Lake include: 6.26 g/t Au over 22.7 metres (including 8.78 g/t Au over 16.0 metres), 7.26 g/t Au over 19.4 metres, and 6.50 g/t Au over 16.8 metres.
Management believes the acquisition of NEWO will add significant depth to the asset portfolio and set the company up for a greater potential for discovery.
