Harte Gold Provides Sugar Zone Update
04 July 2013 - 11:54PM
Marketwired Canada
HARTE GOLD CORP. ("Harte Gold") (TSX:HRT)(FRANKFURT:H4O) is pleased to announce
significant progress at the Sugar Zone Gold Project in White River, Ontario.
Permitting
The Ontario Ministry of Natural Resources ("MNR") has completed its
Environmental Assessment ("EA") of the Harte Gold advanced exploration/bulk
sample program and issued all permits necessary to proceed with site development
work. The Ontario Ministry of Environment ("MOE") has completed its EA and
accepted Harte Gold's "Notice of Completion" related thereto. MOE operating
permits are expected to be issued shortly.
Bulk Sample Area Resource
Harte Gold recently released assay results on May 14, 2013 from the in-fill
drill program focused solely on the proposed bulk sample area. The drill program
was designed to increase the company's confidence level in both continuity and
modeled grades.
An insitu polygonal resource calculation identified an NI 43-101 compliant
Indicated resource of 57,065 tonnes grading 17.27 g/t for 31,691 contained
ounces of gold (capped at 50 g/t) in the proposed bulk sample area (refer to the
attached figures). The resource calculation does not include mining dilution or
mining recoveries and assuming a minimum true thickness of 0.75 meter. Of
particular note is that 54,063 tonnes of the 57,065 tonne bulk sample resource
(approximately 95%) is within a projection of 25 meters, indicating a strong
confidence in the resource calculation.
Off-Site Milling Agreement
The Company is pleased to announce that Richmont Mines Inc. ("Richmont") has
signed a Letter of Intent ("LOI") with Harte Gold. The LOI outlines general
terms under which material mined during the advanced exploration program may be
processed by Richmont at its nearby Island Gold Mill. Recent metallurgical
testwork conducted by SGS Canada Inc. ("SGS") indicates excellent metallurgical
recoveries. Richmont has agreed, subject to mill availability, final
metallurgical testing and completion of a definitive milling agreement to
process the Harte Gold bulk sample through 2015. The Off-site milling agreement
will significantly reduce capital and permitting requirements for the bulk
sample.
Metallurgical Test Results
SGS test-work on gravity recovery, followed by standard 48 hour cyanidation of
the gravity tails demonstrated excellent gold recovery results ranging from
93.3% to 98.9% across all gold head grades and grind ranges. Metallurgical
testwork included comminution, gravity separation and whole ore leaching. Four
different grade composites were tested at various grinds for leach kenetics
under gravity-leach and, whole ore leaching scenarios.
Bulk Sample Contract Mining
Harte Gold has entered into preliminary discussions regarding the provision of
contract mining services. Harte Gold is looking to structure an agreement that
could reduce start-up cash requirements by deferring a significant portion of
mining costs until revenues are available from the sale of gold produced from
the bulk sample.
Bulk Sample Work Schedule
With the issuance of permits referenced above, Harte Gold is in a position to
proceed with construction of an access road to site and site development work.
Harte Gold is reviewing development scenarios to determine the most efficient
route to mining the bulk sample. The bulk sample is now expected to commence
post completion of the site access road.
Stephen G. Roman, President and CEO reported "The goal of Harte Gold's
optimization efforts is to generate project efficiencies, accelerate project
timelines and lower both up-front and overall project costs. The Sugar Zone
deposit is a high grade gold deposit with significant growth potential along
strike and at depth."
QA / QC Statement
The resource calculation and mine layout specific to the bulk sample has been
conducted under the supervision of Rene Marion, P.Eng., President of RJLM
Professional Services Ltd. Mr. Marion is an "independent qualified person" for
the purposes of National Instrument 43-101 Standards of Disclosure for Mineral
Projects of the Canadian Securities Administrators and has verified the data
disclosed in this release.
Diamond drill holes were drilled with NQ sized core in order to obtain larger
sample volumes of the mineralized zones. The core was sealed and delivered by
the drilling contractor to Harte's facilities located in White River, Ontario.
The mineralized sections of the cores were photographed for reference, logged
and mineralized sections were sawn in half. Sample lengths were 0.5 meters. Half
core samples were bagged, sealed and delivered to Activation Laboratories in
Thunder Bay, Ontario, an accredited laboratory. The remaining core is stored on
site for reference. Samples were assayed by the fire assay method using an
atomic absorption finish on a 50 gram pulp split. A quality assurance and
quality control program (QA/QC) was implemented by Harte and the laboratory to
ensure the precision and reproducibility of the analytical method and results.
The QA/QC program includes the insertion of standards, blanks and field
duplicates in the sample batches sent to the laboratory and a systematic
re-assaying of samples returning values above 3 g/t Au by the fire assay method
using a gravimetric finish. Drill programs are conducted under the supervision
of George A. Flach, P. Geo, Vice President of Exploration for Harte. Mr. Flach
is the Qualified Person (QP) as defined in National Instrument 43-101.
About Harte Gold Corp.
Harte Gold Corp. is focused on the development of its 100% owned Sugar Zone
property and is currently permitting an advanced exploration program for the
Sugar Zone Deposit. The Sugar Zone property is located 60 kilometres east of the
Hemlo Gold Camp. and contains an NI 43-101 compliant 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). Harte also holds the
Stoughton-Abitibi property located on and adjacent to the Destor-Porcupine Fault
Zone in close proximity to the 2.5 million ounce Holt-Holloway Gold Mine in the
Timmins, Ontario Porcupine gold camp.
Common Shares Outstanding: 190,181,554
The Toronto Stock Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
To view the maps associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/hrtmaps74.pdf.
FOR FURTHER INFORMATION PLEASE CONTACT:
Harte Gold Corp.
Stephen G. Roman
President and CEO
416-368-0999
sgr@hartegold.com
Harte Gold Corp.
David Ellis
Investor Relations Consultant
416-704-0937
davidellis@hartegold.com
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