[Marinir] {Disarmed} Harte (TSX: HRT) Drills High-Grade and Expands Gold Deposit at Depth; Discovers 700-meter Ni-Cu target
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Tue Apr 10 19:07:58 CEST 2012
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Sugar Zone Drilling Returns 11.5 g/t over 2.40 meters, Confirms
Extension of Deposit at Depth, VTEM interpretation defines 700 meter
Ni-Cu Zone
Harte Gold Corp. (TSX: HRT
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=HRT®ion=C&lookup=symbol&snapshot=default
) Frankfurt (FSE: H4O) is pleased to provide phase I results from its
current 7,000 meter drill program as well as an update of current
exploration and development initiatives at the Sugar Zone property.
Highlights:
Drill hole SZ11-29 returned 11.5 g/t over 2.4m including 18.9 g/t over
1.45m and 35.5 g/t over 0.41m
Drill hole SZ11-30 returned 5.13 g/t over 2.15m within a 10.8m shear
zone grading 1.17 g/t
Drill hole SZ11-31 returned 3.46 g/t over 2.17m including 5.58 g/t over
1.05m within an 8.4m shear zone grading 0.94 g/t
Mineralized envelope appears to be widening at depth and is associated
with a possible convergence of the upper and lower zones.
Sugar Zone Extension Drilling
Hole Number Zone From (meters) To (meters) Width
(meters) Grade (g/t) Visible
Gold
SZ-11-29 Lower Zone 464.00 466.40 2.40 11.50 VG
Incl. 541.69 544.62 1.45 18.90
Incl. 465.04 465.45 0.41 35.5
SZ-11-30 Lower Zone 505.15 507.30 2.15 5.13 VG
within 502.00 512.80 10.80 1.17
SZ-11-31 Lower Zone 468.03 470.20 2.17 3.46 VG
Incl. 468.03 469.08 1.05 5.58
within 463.25 471.65 8.40 0.94
SZ-11-28 Lower Zone 505.20 507.75 2.55 1.94 -
Incl. 506.00 506.60 0.60 4.95
The drill results in the table above extend the Sugar Zone Deposit to
depth. The continuity of gold mineralization together with the widening
of the shear zone that controls the Sugar Zone Deposits’ vein hosted
gold, confirms management’s belief that the Sugar Zone Deposit extends
to depth. This extension has the potential to significantly increase in
the size of the existing Deposit.
Following spring break-up, Harte will drill approximately 5,000m to
complete the current drill program.
Sugar Zone Property Exploration Program
Harte had previously completed a trial VTEM survey which resulted in a
new discovery of a potential massive sulphide Nickel - Copper ("Ni-Cu")
zone (see news release dated September 20, 2011). As a result, the
Company has engaged Geotech Ltd. to cover the entire property with a
VTEM survey which will be completed this week. Recently completed
interpretation of the VTEM has discovered a potential massive sulphide
Ni-Cu target located north-west of the Sugar Zone.
The massive sulphide target is hosted in an ultramafic intrusive
sequence. The target is interpreted to have a strike length of 700m.
Historical drill holes in the general area were drilled parallel to the
structure and as such intersected only disseminated Ni-Cu sulphides
flanking the actual VTEM target.
Induced Polarization / Magnetometer Program ("IP/Mag")
Harte will conduct an IP/Mag program over a 20 sq km area west of the
Sugar Zone Deposit to the contact zone between the sedimentary and
volcanogenic rock units.
Harte will conduct a down hole IP program below the Wolf Zone located on
strike 2 km north of the Sugar Zone Deposit. Previous drilling at the
Wolf Zone returned assay results of 9.5g/t over 7.5m including 22.9 g/t
over 3m and 111g/t over 0.5m (see News Release dated November 10,
2010).
This IP is expected to define drill targets in the area between the
Sugar Zone Deposit and the Wolf Zone which may connect the two
mineralized areas.
Sugar Zone Deposit Development Program
NordMin Engineering Ltd. ("NordMin") is currently involved in technical
studies and permitting applications related to advanced exploration,
underground bulk sample work and production at the Sugar Zone Deposit.
As part of the above work, NordMin is also completing a Preliminary
Economic Assessment ("PEA") which will include results from the current
7,000m drill program. The PEA will define preliminary Sugar Zone Deposit
project economics and is expected by June 2012.
QA/QC Statement
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.
Exploration programs are conducted under the supervision of George A.
Flach, P. Geo, Vice President Exploration, Harte Gold Corp. Mr. Flach is
the Qualified Person (QP) as defined in National Instrument 43-101 and
has reviewed the technical information contained herein.
About Harte Gold Corp.
Harte Gold Corp. is a Canadian gold exploration company with interests
in the Sugar Zone and Stoughton-Abitibi properties located in Ontario,
Canada. The Sugar Zone Property is located 60 kilometres east of the
Hemlo Gold Camp and holds 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 grading 8.72 g/t Au for 274,970 ounces of contained gold
(capped) and an Inferred Resource of 580,500 tonnes, grading 8.36 g/t Au
for 155,960 ounces of contained gold (uncapped) and grading 7.03 g/t Au
for 131,280 ounces of contained gold (capped). Harte is the operator of
the Sugar Zone Property and currently owns a 49% interest with the
option to acquire the remaining 51%. 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: 164,888,114
For further information, please contact:
Stephen G. Roman
President and CEO
Tel: 416-368-0999
E-mail: sgr at hartegold.com
David Ellis
Investor Relations Consultant
Tel: 416-704-0937
E-mail: davidellis at hartegold.com
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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