Harte Gold Announces Significant New Gold Discovery on the Sugar Zone Property
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 11/15/16 -- HARTE GOLD CORP. ("Harte Gold") (TSX: HRT)(OTC: HRTFF)(FRANKFURT: H4O) Harte Gold is pleased to announce a significant new discovery in the 2.3 x 1.5 km area between the Sugar Zone Deposit and the Wolf Zone discovery. This area was covered by a 3D Induced Polarization/Resistivity Survey completed in the spring and summer of 2016 ().
Highlights:
The initial discovery drill hole, SZ-16-107, intersected a narrow zone measuring 0.25 meters thick and grading2.47 g/t. Harte Gold followed up with a second hole, WZ-16-37, located 100 meters farther down dip which intersected 1.05 meters grading 14.84 g/t and drilled a third hole, WZ-16-42, an additional 100 meters down dip, which intersected the wide mineralized envelope that includes the four (4) zones listed above. The mineralization is characterized by quartz veining, fuchsite and tourmaline not seen previously in the Sugar Zone deposit. Drilling continues on this discovery to further define its size potential. Please see attached Drill Section which includes WZ-16-37 and WZ-16-42.
"This is an exciting new discovery on the Sugar Zone Property which validates the use of geophysics to find targets and also the incredible potential to find additional ounces on this property" said Stephen G. Roman, Harte Gold's President & CEO. "As found elsewhere in the Hemlo area gold mines, as you drill deeper, it gets better!" said Mr. Roman.
Sugar Zone south extension drilling continues to go well with all drill holes to date intersecting both the upper and lower zones of the Sugar Zone Deposit. This area is expected to contribute to an increase in gold resources for the Sugar Zone Deposit.
Further exploration drilling north of the Wolf Zone, on another geophysical (IP) target, has encountered anomalous gold zones which include sericite schist, fuchsite, tourmaline, pyrite and pyrrhotite. This mineralization is similar to Hemlo style mineralization. Two deeper drill holes have recently been completed on this prospective area and assays are pending.
About Harte Gold Corp.
Harte Gold Corp. is focused on the exploration and development of its 100% owned Sugar Zone property where it has permitted a 70,000 tonne Advanced Exploration Bulk Sample for the Sugar Zone Deposit. The Sugar Zone property is located 80 kilometers east of the Hemlo Gold Camp. The Preliminary Economic Assessment dated July 12, 2012, contains an Indicated Resource of 980,900 tonnes, grading 10.13 g/t for 319,280 ounces of contained gold (uncapped) and an Inferred Resource of 580,500 tonnes, grading 8.36 g/t Au for 155,960 ounces of contained gold (uncapped). The mineral resource was prepared in compliance with NI 43-101 guidelines. George A. Flach P. Geo, Vice President Exploration, is the Qualified Person for Harte Gold and has prepared, supervised the preparation, or approved the scientific and technical disclosure in this news release. Harte Gold also holds the Stoughton-Abitibi property located on the Destor-Porcupine Fault Zone adjacent and on strike of the Holloway Gold Mine.
Common Shares Outstanding: 354,693,033
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
A map is available at the following address:
Contacts:
Stephen G. Roman
President and CEO
416-368-0999
David Ellis
Investor Relations Consultant
416-704-0937
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Datum: 15.11.2016 - 12:00 Uhr
Sprache: Deutsch
News-ID 507015
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TORONTO, ONTARIO
Kategorie:
Mining & Metals
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