12:59:18 EDT Thu 25 Apr 2024
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Harte Gold Corp
Symbol HRT
Shares Issued 1,039,866,801
Close 2021-04-29 C$ 0.15
Market Cap C$ 155,980,020
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Harte Gold drills 1 m of 1.86 g/t Au at Sugar

2021-04-29 11:30 ET - News Release

Mr. Dave Schonfeldt reports

HARTE GOLD PROVIDES EXPLORATION STRATEGY UPDATE AND REGIONAL EXPLORATION RESULTS

Harte Gold Corp. has provided an update on exploration activities currently under way and a revamped regional exploration strategy for continued target generation and exploration success at its 100-per-cent-owned Sugar zone property.

Dave Schonfeldt, vice-president of exploration, commented:

"The Sugar zone property is a highly prospective, underexplored land package situated in an environment similar to the prolific Hemlo mining complex. There are several reasons to be excited about the potential for new discoveries. First, there is no shortage of highly prospective targets situated along the contact with the Strickland pluton and Dayohessarah greenstone belt, extending into the newly discovered TT8 area. Second, at the TT8 zone, what started as an initial 100-metre outcropping has grown into an 18-kilometre continuous extension of the Kabinakagami greenstone belt, with five additional high-grade showings discovered in 2020. Finally, we have overhauled our exploration strategy, which includes recently bolstering the team to support greenfield prospecting and shifting focus to a geoscientific data-driven philosophy to advance existing targets while continuing to develop a strong pipeline of future targets."

Exploration update at TT8 zone

TT8 zone, a greenfield discovery

The TT8 zone, located approximately 17 kilometres (km) southeast of the Sugar zone mine, is an area that was previously mapped as tonalite by the Ontario Geological Society and was not considered prospective prior to Harte Gold's exploration work that started in 2019. The TT8 zone is interpreted as an extension of the Kabinakagami greenstone extension to the east, an area of historical importance, including host to the past-producing Hiawatha gold mine.

Work at TT8 completed to date

Since drilling started in late 2019, a total of approximately 3,352 metres have been drilled in 35 holes across the TT8, Money, Smoking Aces and Long Shot showings. The initial 16 holes drilled in 2020 included in the attached table expanded the TT8 system 600 metres along strike and 400 metres downdip. Of the holes drilled, 10 of the 15 contained visible gold in narrow mineralized quartz veins, confirming the continuation of the TT8 gold system; however, no significant quartz vein system was intersected. Cumulative drill results completed to date are provided in the attached table.

While drilling is continuing, the company is encouraged by the potential for wider zones of mineralization across the TT8 area, particularly to the south toward the Southern showing, where it is believed the lithology steepens downdip where the orientation of the important new greenstone belt expansion changes orientation.

Work at TT8 over the remainder of 2021

The company plans to drill an additional 5,000 metres for the summer 2021 exploration plan for TT8, as well as an additional 15,000 metres for property-wide testing numerous EM, IP, VLF and gold-in-soil anomalies. Drilling is currently under way and assays will be provided as they become available.

Renewed regional exploration strategy

Revamped exploration team

Central to the company's exploration strategy is a reinvigorated systematic process for generating and identifying high-priority targets, backed by a thorough review and compilation of existing data, which the company expects will lead to better-informed and more efficient capital decisions for exploration drilling.

To support a renewed exploration focus, the company has hired three geologists and two prospectors, ramping up for the summer field season.

Rigorous, systematic approach to target generation

Harte Gold's exploration strategy focuses on the following key areas.

1) Data compilation

The company completed a rigorous review of existing data in the first quarter of 2021. Data compilation is expected to provide the company's regional exploration team with enhanced geological understanding of the district and aid in developing a systematic process for target generation. These data now reside in a more robust centralized database, accessible across the entire regional exploration team. The database provides a framework for target generation methodology that will continue to evolve as further information on the property is generated.

2) Target generation

The company is completing several property-wide surveys to further prioritize the next generation of exploration targets. With limited accessibility to most areas of the Sugar zone property, the ability to quickly generate and promote specific targets through desktop diligence is critical to managing the broader exploration portfolio.

Surveys that will be completed in 2021 include:

  • A geochemical study using existing drill core, surface rock and soil samples is currently under way. Results of this study will be used to better understand trace elements associated with gold mineralization on the Sugar zone property and further refine targets. Preliminary results of this survey have focused activity on the Hambleton Lake area.
  • A lidar and digital orthophoto survey will be flown in May. This high-resolution survey will improve the geologic interpretation of the property and increase survey control for historic and future drilling.
  • The company has engaged Abitibi Geophysics, a leading geophysics company, to complete an OreVision three-dimensional (3-D) IP and mag survey across key areas. As current TT8 showings occur in areas of high relative chargeability, the surveying will assist in highlighting variances in chargeability and resistivity. The surveying, while providing regular updates to target anomalies, is expected to be concluded by late Q2.
  • SGS Geological Services has been contracted to aid in developing a 3-D regional lithology model. This model will be an all-encompassing model capturing all geological data to improve property-wide target generation. This work is also expected to be concluded by late Q2. Harte Gold geologists will continue to develop this lithology model as information becomes available.

3) Execution -- defining the next zones of mineralization

An aggressive 2021 prospecting campaign is now under way at the Hambleton and TT8 areas and will be subsequently expanded to include the Flat Lake and K7 South areas. Prospecting includes surface stripping, trenching and sample collection along known gold trends, which will also allow the company to identify the most prospective targets on the land package.

The execution phase will continue with stage-gated programs to test various gold showings along the greenstone belt, as well as other various IP chargeability and EM targets property wide.

This thorough data-driven approach to exploration has proved effective at the TT8 zone, which started as a single outcrop showing in 2019, was subsequently expanded to 11 kilometres in late 2020, including five additional high-grade showings, and has now expanded further to a continuous 18-kilometre trend. The company believes this methodology will be the foundation for continued future exploration growth and success.

Technical information

Scientific and technical information contained in this news release was reviewed and approved by Dave Schonfeldt, PGeo, a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

The company has implemented a quality assurance and control program to ensure sampling and analysis of exploration work is conducted in accordance with industry standards. Drill core is sawn in half and one-half of the core is shipped to Activation Laboratories in Thunder Bay, Ont., while the other half is retained at the company's core facilities in White River, Ont., for future verification. Gold analysis is performed by fire assay using atomic absorption, gravimetric or pulp metallic finish.

About Harte Gold Corp.

Harte Gold holds a 100-per-cent interest in the Sugar zone mine located in White River, Canada. The Sugar zone mine entered commercial production in 2019. The company has further potential through exploration at the Sugar zone property, which encompasses 81,287 hectares covering a significant greenstone belt.

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