Harvest Gold Corporation (TSXV: HVG) has provided shareholders with an update on the status of planned drilling at its Mosseau property in Quebec, confirming that negotiations with the Lac Simon First Nation have progressed more slowly than anticipated. The company states it has also yet to secure a driller within the available timeframe. Despite the delay, Harvest Gold says it remains fully funded for the upcoming drilling program and that the Mosseau property is suitable for winter drilling.

Key Points

  • Harvest Gold Corporation (TSXV: HVG) issued a shareholder update on October 5, 2026
  • Drilling at the Mosseau property's Central Area has been delayed pending finalisation of two agreements with the Lac Simon First Nation
  • The company holds valid Quebec permits and states it remains fully funded for drilling; the Mosseau property is described as suitable for winter drilling
  • Investors may be watching for progress on the two outstanding agreements with Lac Simon and confirmation of a contracted driller

Lac Simon First Nation Requests and the Agreed Negotiating Timeline

As previously reported to shareholders on August 17, 2026, Harvest Gold received a letter from the Lac Simon First Nation on July 20, 2026, asking the company to delay drilling in the Central Area of the Mosseau property. At a subsequent meeting on July 23, Band Council representatives requested that two agreements under negotiation be finalised before drilling commenced. The company responded by committing in writing to an accelerated negotiating timeline, proposing to complete one agreement by mid-August and the other by mid-September, while requesting support to begin drilling in the interim.

Negotiations Slower Than Expected, Driller Not Yet Secured

Harvest Gold's October 5 update discloses that negotiations with the Lac Simon First Nation have moved more slowly than the company anticipated, and that neither of the two agreements has yet been finalised. The company also states it has not yet secured a driller within the relatively short timeframe available. Lac Simon had set a meeting in the last week of August to continue working toward completing both agreements, at which point the company had announced October 5, 2026 as its preferred new start date for drilling.

Mosseau Property Permits and Winter Drilling Suitability

Despite the delay, Harvest Gold notes that the Mosseau property is suitable for winter drilling and that the company looks forward to drilling its prospective targets. The company holds a three-year Authorization to Initiate Work permit granted by the Government of Quebec in 2025, as well as a follow-up forestry permit issued in June 2026. All planned drill targets are located in the Central Area of the Mosseau property, near the company's 2025 high-grade discovery hole and within the area previously drilled. The company states it remains fully funded for the program.