Harte Gold Corp. T.HRT

Primary Symbol: HRTFF

Metals & Mining Gold

Harte Gold Corp is engaged in the acquisition and exploration of mineral resource properties. It is focused on gold properties located in the province of Ontario, Canada. The company's exploration projects consist of sugar zone property and Stoughton Abitibi property. The Sugar Zone Property is located approximately 80 kilometers east of the Hemlo gold camp on the north shore of Lake Superior. It includes approximately 4 mining leases and 336 unpatented mining claims. In addition, it also consists of approximately 29,435 hectares within the Sault Ste. The Stoughton Abitibi property is located approximately 110 kilometers east of Timmins and 50 kilometers northeast of Kirkland Lake.

EXPM:HRTFF - Post by User

Harte Gold Corp.

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Post by BigIsBeston Aug 11, 2016 7:43pm

262 Views

Post# 25133516

Management Discussion & Analysis

Management Discussion & Analysis and Financial Statements are available at SEDAR. Some key points:

- The Company had a working capital deficit of $3,508,537 at June 30, 2016
- During the 6 months ended June 30, 2016 $7,664,594 was spent on exploration and evaluation costs for the Sugar Zone Property, excluding non cash items

- Private placement of $4.0 million in July and $1.6 million from the exercise of warrants since June
- Cash flow from remaining Bulk Sample expected to cover remaining costs

So we now understand why JJR became involved. Desperately needed the cash to pay the costs but that should be the end of the private placements.

Drill results from the 5,000m drill program are the key. I am really looking forward to when they are released.

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