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HARTE GOLD CORP. ("Harte Gold" or the "Company") (TSX:HRT) (OTC:HRTFF) (FRANKFURT:H4O) is pleased to provide an update on the Corporation's activities and results at its 100% owned Sugar Zone Project.
Highlights:
-- Infill drilling on both the Sugar Zone and Middle Zone continues to produce positive results. Drill spacing will move resources to Measured, Indicated and Inferred allowing these two areas to be included in the next resource update. Currently six drill rings are active at the Sugar and Middle Zones.
-- Exploration drilling utilizing two rigs at the Lynx Zone, Wolf Zone and Fisher Zone discovered additional mineralized zones on strike of the Sugar Zone and Middle Zone respectively. Limited drilling to-date will be followed up after a review of results.
-- Block model update is now underway with the upper 500 meters of the Sugar Zone infill drilling completed, targeting Measured and Indicated resources. The lower 500 meters is now being drilled to extend the down dip extension to 1,000 meters targeting Inferred resources.
-- The Helicopter Magnetometer ("MAG") and Time Domain Electro-Magnetic ("HTEM") surveys are now complete. Numerous new anomalies have been identified which may host both gold and Volcanogenic Massive Sulphide ("VMS") deposits. Field work has begun on these new targets. Newly discovered "Eagle Zone" comment follows.
-- Tom Jones Corp., has been engaged to begin civil engineering works, including pouring foundations for the mill building. Site preparation has been completed and all steel is now on site for mill construction.
-- Underground development of the first commercial mining area continues with five levels under development, three of which are now complete (see longitudinal section).
-- 30,000 tonnes of ore currently stockpiled on surface will be processed during mill start-up and commissioning.
UPDATE ON RESOURCE DEVELOPMENT
Harte Gold has completed approximately 89,000 meters of drilling and currently has eight drill rigs active, focused on infill and step-out drilling at the Sugar and Middle Zones (six rigs active), Wolf Zone (one rig active) and Fisher Zone (one rig active). Drill results on the Sugar Zone and Middle Zone continue to be positive as the two deposits are drilled on tighter spacing and down-dip to increase resources.
Longitudinal Section Update
http://www.globenewswire.com/NewsRoom/AttachmentNg/3f289525-f6d9-4858-a0bb-78e4bc3745b0
Sugar Zone
Infill drilling at Sugar Zone continues to validate geology and continuity of the mineralization with the intention of expanding and upgrading resources.
Sugar Zone: Inferred to Indicated Definition Drilling
Hole # From To Grade (g/t) Width (m)
SZ-17-155 329.55 331.55 2.49 2.00
SZ-17-192 496.00 498.53 10.13 2.53
SZ-17-193 426.50 428.79 3.07 2.29
SZ-17-199 267.80 270.10 5.03 2.30
SZ-17-201 70.12 72.33 8.92 2.21
SZ-17-203 53.20 55.32 48.30 2.12
(core intersection lengths approximate 80% true width, assay results are uncut, fire assay with metallic screen on samples >10 g/t)
Drilling below 500 meters continues to expand known mineralization down-dip. Hole SZ-17-221 drilled at almost 1,000 meters returned 14.35 g/t gold over 3.39 meters.
Step-out drilling at the Sugar Zone has intersected significant visible gold to the north in both the Upper and Lower zones, within a previously undrilled area. Hole SZ-17-214W shows abundant visible gold in both the Upper and Lower zones (assays pending). This work has brought Sugar Zone mineralization to within approximately 300 meters of the Middle Zone, further suggesting potential convergence of both zones. Hole SZ-17-226, at a depth of 1,200 meters, has intersected significant sulphides, including sphalerite, chalcopyrite and visible gold (assays pending).
Sugar Zone: Down-Dip Drilling (Below 500 Meters)
Hole # From To Grade (g/t) Width (m)
SZ-17-212 1021.90 1025.35 6.37 3.45
SZ-17-221 980.39 983.78 14.35 3.39
SZ-17-222 917.60 919.87 15.71 2.27
(core intersection lengths approximate 80% true width, assay results are uncut, fire assay with metallic screen on samples >10 g/t)
Middle Zone
Drilling at the Middle Zone is focused on in-fill drilling to better define mineralization and calculate a preliminary resource. Drilling has returned some excellent results including intersections of 13.02 g/t gold over 4.50 meters at hole WZ-17-79W and 13.68 g/t gold over 7.02 meters at hole SZ-17-86W.
Middle Zone: Infill Drilling
Hole # From To Grade (g/t) Width (m)
WZ-17-79W 724.50 729.00 13.02 4.50
WZ-17-82 669.95 678.00 6.01 8.05
WZ-17-83 1011.79 1018.30 2.07 6.51
WZ-17-83W2 977.84 980.60 3.62 2.22
WZ-17-86W 1055.55 1062.57 13.68 7.02
WZ-17-88 675.38 684.00 5.87 8.62
(core intersection lengths approximate 80% true width, assay results are uncut, fire assay with metallic screen on samples >10 g/t)
UPDATE ON EXPLORATION
A property-wide MAG and HTEM survey has been completed and results interpreted. The MAG has been instrumental in outlining the geologic structures on the property and combined with the HTEM survey, has identified five significant anomalies west and east of the Sugar Zone, to be further explored. The strongest conductor is on the west side of the property and is hosted at the contact of a volcanic and sedimentary unit, now referred to as the "Eagle Zone".
Airborne Magnetics and Electro-Magnetic Conductor Trends
http://www.globenewswire.com/NewsRoom/AttachmentNg/00d31df1-f83d-4c53-9064-799cd1afcf0a
Wolf, Lynx and Fisher Zones
Early drilling at these zones has demonstrated on-strike continuity. Further definition of these areas will be enhanced using down-hole geophysics to better define potential mineralized structures.
Drilling continues at the southern portion of the Wolf Zone, where mineralization appears similar to the Middle Zone. Continued drilling on-strike indicates the Middle and Wolf Zones could merge into a single, larger zone.
Drilling at the Lynx Zone has returned initial mineralization of approximately 3 g/t over half a meter and shows comparable grades and widths as encountered in early drilling of the Middle Zone, warranting follow-up drilling.
Drilling has resumed at the Fisher Zone, where three holes have intersected wide alteration packages with assays pending.
Wolf and Lynx Zones: Preliminary Drill Results
Hole # From To Grade (g/t) Width (m)
WZ-17-81 585.81 592.00 2.67 6.19
WZ-17-84 472.00 474.00 1.77 2.00
LZ-17-01 260.62 261.25 2.22 0.63
LZ-17-03 379.69 380.20 3.52 0.51
New Target Identified: Eagle Zone - VMS Potential
Property-wide geophysics identified a new potential zone of mineralization referred to as the Eagle Zone. Field inspection of the anomaly has confirmed a major 'gossan' approximately 650 meters in length, containing significant pyrite/pyrrhotite, as well as chalcopyrite (copper) and sphalerite (zinc). Samples of the Eagle Zone rock have been sent for assaying.
George A. Flach, P.Geo., VP Exploration for Harte Gold, recently returning from the prospect, noted "The strong electro-magnetic anomaly observed at the Eagle Zone and the abundance of chalcopyrite and sphalerite suggest the potential for a VMS deposit. We are very keen to get a drill rig in as soon as possible to test this target area".
UPDATE ON SURFACE CONSTRUCTION AND MINE DEVELOPMENT
Surface Construction
Site preparation is underway, civil earthworks and blasting for the mill foundations have been completed. Concrete is scheduled to be poured within the next two weeks and steel has been delivered to site for mill construction. The Company expects to complete the mill building by the end of October.
Over $10 million has been committed to-date on long-lead items. Fabrication of the ball mill is currently underway with delivery and installation targeted for year-end.
On site administration offices are expected to be fully operational within the month. Construction of a microwave tower has been completed providing a communication link to White River and significantly increasing bandwidth delivered to site.
The overall construction schedule continues on track, with mill start-up and commissioning targeted for Q2 2018.
Mine Development
Underground mine development continues in the Phase 1 commercial production area. Three levels are now complete, to the 155 level, and the remaining two are under development. Approximately 30,000 tonnes of ore has been mined from the developed areas and is stockpiled on surface, to be used as a source of feed during plant start-up and commissioning.
The fresh air raise, successfully broken through in June, has now been expanded to a 12 foot by 12 foot dimension. Steel for the manway is on site and construction of the manway is targeted for completion by end of October.
Bulk Sample and Phase 1 Production Areas
http://www.globenewswire.com/NewsRoom/AttachmentNg/8dde6a23-b265-4401-af71-15661d4a4ed4
About Harte Gold Corp.
Harte Gold Corp. is focused on the exploration and development of its 100% owned Sugar Zone property where it has recently completed a 70,000 tonne Advanced Exploration Bulk Sample at the Sugar Zone Deposit and received a Phase I Production Permit. The Sugar Zone property is located 80 kilometres 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. Harte Gold also holds the Stoughton-Abitibi property located on the Destor-Porcupine Fault Zone adjacent and on strike of the Holloway Gold Mine.
QA/QC Statement
The company has implemented a quality assurance and control ("QA/QC") program to ensure sampling and analysis of mine and exploration work is conducted in accordance with industry standards. Drill core is sawn in half with one half of the core shipped to Actlabs Laboratories located in Thunder Bay, ON, while the other half is retained at the company's core facilities in White River for future verification. Certified reference standards and blanks are inserted into the sample stream on a regular interval basis and monitored as part of the QA/QC program. Gold analysis is performed by fire assay using atomic absorption, gravimetric or pulp metallic finish.
Common Shares Outstanding: 497,486,972
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release may contain "forward-looking information" or "forward-looking statements" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact included in this news release, including, without limitation, the use of proceeds from the Offering, constitute forward-looking information that involve various risks and uncertainties. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Harte to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Harte and in its public documents filed on SEDAR from time to time. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although management of Harte has at tempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Harte does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. For additional information with respect to risk factors applicable to Harte, reference should be made to Harte's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, Harte's annual information form and annual and interim MD&A. The forward-looking information contained in this news release is made as of the dat e of this news release.
For further information, please contact:
Stephen G. Roman
President and CEO
Tel: 416-368-0999
Email: [email protected]
Shawn Howarth
VP Corporate Development
Tel: 416-368-0999
E-mail: [email protected]
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