Harfang Exploration Inc. (HAR-V)
Harfang acquires 100% interest in the Egan Gold Property, Ontario.
On February 8, 2024 Harfang disclosed that it has exercised its option to acquire 100% interest in the high-grade Egan Gold Property. Harfang has exercised its option to earn 100% interest in the Egan Property in exchange for a combination of cash and shares. The Egan Property is centrally located in the heart of Ontario’s prolific Abitibi gold camp, proximal to mining operations in Timmins, Kirkland Lake, and Matachewan. Recall on August 31, 2022, Harfang had announced preliminary results from a completed soil geochemical survey.
The Egan Gold Property is strategically located in the heart of Ontario's Abitibi gold camp near Matheson and was initially optioned by LaSalle Exploration Corp. (amalgamated into Harfang), based on the discovery of the E1 Zone during logging activities. Exploration work to date has generated several high priority targets that validate the 2021 soil geochemistry results.
Previously, Lasalle had acquired the option to earn a 100% interest in the Egan Property by making in total $350,000 in cash payments, issuing 700,000 shares, and incurring $400,000 in exploration expenditures. Harfang following a cash payment of $27,554 and the issuance of 510,670 common shares, shall earn 100% interest in the Egan Property, subject to a 2% NSR royalty in favour of the vendors.
We highlight that Harfang has developed a solid portfolio of projects favorable for precious and critical metals in Québec and Ontario.
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