With gold prices near record highs and global investors seeking new sources of value, Harvest Gold (TSXV:HVG) is turning heads with its commanding presence in the Urban-Barry belt of Québec’s Abitibi greenstone region, one of Canada’s most prolific gold-producing zones.
In a recent interview with the Investing News Network, President and CEO Rick Mark expressed confidence in the company’s flagship position. “The exciting thing about the Urban-Barry belt is it contains a (gold) deposit called Windfall, which Gold Fields (NYSE:GFI) just bought from Osisko Mining,” said Mark. “Now, the interesting thing about that as well is that the belt itself is basically owned by Gold Fields, except for the three large properties that Harvest Gold has in the belt.”
Prime Territory in a World-Class Mining Jurisdiction
Québec remains one of the most supportive mining jurisdictions globally, offering stable regulations and efficient permitting processes. “Québec is a good place to be—great infrastructure, road access, and relatively low exploration costs,” Mark said.
The Urban-Barry belt, part of the larger Abitibi greenstone belt, is already home to several major discoveries and active mining operations. Harvest Gold’s holdings, particularly its flagship Mosseau project, are located in the northern portion of the belt, a region drawing increasing attention from larger mining players.
Mosseau Project: Historic Hits and New Potential
Harvest Gold is prioritizing Mosseau, where historic drilling has returned “some very nice results” in the northern sector. The central part of the property, previously underexplored, is now returning promising geochemistry and prospecting data.
“We’re confident in what we’re seeing,” Mark said. “And we’re aiming to begin drilling in July, once we complete our financing round in June.” According to the CEO, drill results are expected by September or October, and he emphasized the potential market impact: “You want to be holding the stock before these results are released.”
The Junior Exploration Dilemma: Opportunity Amid Apathy
Despite gold’s elevated pricing, many junior exploration firms are finding it difficult to secure financing, partly due to shifting investor preferences toward tech and AI sectors. Mark acknowledged the broader challenge but remained optimistic.
“There’s a bit of disconnect between the gold price and junior financings right now,” he said. “But the reality is, junior discoveries offer some of the most dramatic returns possible in the mining space.”
Mark also stressed the company’s commitment to de-risking its exploration strategy—employing modern survey tools, geochemistry, and targeted drill plans to ensure every dollar is spent effectively.
Positioned for a Breakout in 2025
With three key properties in a belt now dominated by one of the world’s largest gold producers, Harvest Gold finds itself in an enviable position. As Gold Fields builds its presence around the Windfall deposit, Harvest’s assets may become increasingly attractive—whether as standalone discoveries or as part of a strategic consolidation.
“Our goal is clear: to uncover something significant in the Urban-Barry belt,” said Mark. “We’re in the right place, at the right time—and with the right team.”
Conclusion
As Harvest Gold prepares for a critical summer drill program and sets sights on September/October results, investors will be watching closely. In a jurisdiction with proven geology, a supportive government, and major players circling nearby, the potential for a high-impact discovery may be closer than many realize.
