Sunday 23rd October 2016

Resource Clips

Harte Gold reports Ontario Gold Assays as high as 9.5 g/t over 7.5m

Harte Gold Corp HRT:CA announced assays from the Wolf Zone of its Sugar Zone Property in Ontario. Results include 9.5 g/t gold over 7.5 metres (including 22.9 g/t over 3.5 metres) and 1.83 g/t over 3.5 metres (including 3.6 g/t over 1 metre). The property has an estimated mineral resource of 302,000 ounces gold indicated and 95,000 ounces gold inferred.

President/CEO Stephen Roman tells, “The project from our point of view has got a lot going for it. We have a mining situation developing on the Sugar Zone, and we’ve got a deposit with about 400,000 ounces, open on strike, open at depth. We’re going to be doing increased drilling on that particular site to move resources to measured and indicated and to complete a feasibility study to start a ramp-access mine there.

“It’s a large property—covering about 40,000 acres, all controlled by Harte—so we’ve also started doing regional exploration. The Wolf Zone is the first new discovery as a result of this work. Whereas the Sugar Zone is a shear-hosted quartz-vein system, the Wolf Zone looks like, at this point, a metasediment sulphide-style deposit—similar to the Hemlo Deposit. It was discovered using IP. We popped our first two holes in the first anomaly, and we discovered that zone. And obviously it is creating a lot of excitement. We are going to be expanding the drill program to see where it goes, but in addition the rest of the property still needs to be explored. We’ve identified many more IP targets that need to be followed up.

“I think we’ve got a tiger by the tail, and we need to systematically go through all of these areas and test them with surface work and with drilling,” concludes Roman. “We’re ramping up. We’ve got a second drill that’s come in this week, so there’s going to be a lot of activity, and it’s going to run right through the winter. It should be exciting to watch.”

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Stephen G. Roman

or David Ellis
Investor Relations

by Ted Niles

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