Harfang Exploration Inc. Announces Significant Gold Discovery at Sky Lake, Ontario

MONTREAL, May 14, 2025 — Harfang Exploration Inc. (TSX.V: HAR), a mining exploration company based in Montreal, Canada, has announced a significant new gold discovery at its wholly owned Sky Lake Gold Project in Ontario’s Pickle Lake Gold District. The company reported the first batch of results from its 2025 winter diamond drill program, which focused on the Koval patented claims.

Key Highlights of the Discovery:

  • High-Grade Mineralized Zones: Harfang has identified two high-grade mineralized zones within a kilometre-long shear zone. These zones are part of a significant gold system, as confirmed by the initial drilling results.

  • Drilling Results: The headline interval from the drilling program includes 7.0 grams per tonne (g/t) of gold over 18.0 meters, with a notable sub-interval of 10.3 g/t Au over 8.2 meters. This interval begins at a vertical depth of 40 meters below the surface in hole SLA-25-03.

  • Additional Findings: Another discovery from the same hole, SLA-25-03, returned 2.0 g/t Au over 13.4 meters, including a sub-interval of 4.9 g/t Au over 3.7 meters.

  • Geological Features: The mineralized zones are characterized by quartz-sericite-biotite alteration envelopes with pyrite, pyrrhotite, and arsenopyrite finely disseminated and in stringers, accompanied by quartz-tourmaline shear.

Company Overview:

Harfang Exploration Inc. specializes in developing gold and other metal exploration projects across Canada. The company is listed on the TSX Venture Exchange and has a market capitalization of 6,620,000 CAD. Despite a negative price-to-earnings ratio of -2.37, the recent discovery could potentially impact the company’s valuation positively.

Market Context:

As of May 8, 2025, Harfang’s close price was 0.075 CAD. The company’s stock has experienced fluctuations over the past year, with a 52-week high of 0.125 CAD on June 3, 2024, and a low of 0.055 CAD on January 15, 2025.

This discovery marks a promising development for Harfang Exploration Inc. as it continues to explore and develop its projects in Canada’s rich mineral landscape.