Harte Gold Corp. 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.

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Harte Gold Corp.

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Comment by HarteofGoldon Nov 13, 2018 9:41am

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Post# 28964403

RE:RE:1st gold bar at harte

TA Investor, a couple of comments. The mill design capacity is 800 tpd. I asked SR what rate they would use for commissioning and he said "between 65 and 75% of rated capacity to achieve commercial production". Yes the stockpile is a combination of stope ore and dvelopment material (who knows what the grade maybe ?) but I think a 5 g/t average is a good guess. Based on my experiences commissioning gold mills, I would suspect that by now they will be upto rated capacity.

TA_Investor wrote: Believer,

I don't think the mill is running at 850 tonnes per day yet, I think it is only at 540 per day now...Plus there are mixing the feed with the stock pile of ore on surface already which I believe is only 5 gram a tonne...so assuming the they are mixing 50/50 with stock pile and mining 8 g/t from mine that would make the ore roughly 6.5 g/t at the moment and 540 tonnes per day.

By my math that would give you 106 troy ounces a day or at today's prices of 1200 is $127,000 in gross revenue or maybe roughly 52K net ?? Anybody else care to correct any of my math?

I think they are ramping up to 800 t/pd in the mill.

Exploration drilling results would move stock, not much else---drill