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Harte Gold Corp. T.HRT


Primary Symbol: HRTFF

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

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Post by ddubs75on Nov 19, 2018 1:49pm
245 Views
Post# 28995565

Just a reminder why I am here my sons

Just a reminder why I am here my sons

Deep drill targets

Stephen G. Roman, president and chief executive officer of Harte Gold, stated: "Harte Gold is pleased to report significant achievements towards commercial production. Ramp-up of the mill continues successfully and stope production has now started. We remain on track to declare commercial production this quarter."

Highlights:

  • All commercial production permits were issued in September.
  • Process plant construction and transition to grid power were completed in September.
  • First gold bar was poured in October.
  • Process plant commissioning was completed in early November and ramp-up of the plant to targeted throughput continues.
  • Official mine opening attended by the Premier of Ontario and Minister of Energy, Northern Development and Mines Oct. 24.
  • Stope production underground has started, the first production blast was completed in early November.
  • The company bought down the royalty on the Sugar zone property from 3.5 per cent to 2.0 per cent, effective Oct. 31, 2018.
  • Near mine exploration:
    • Infill drilling is now complete. Results are being incorporated into an updated National Instrument 43-101 mineral resource estimate.
    • Stepout drilling will continue until mid-December and has been successful extending mineralization on strike and down dip at both the Middle and Wolf zones.
    • Downhole IP targets are being drill tested with the objective of extending the Middle zone on strike and testing convergence of the Middle and Wolf zones at depth.
    • Deep drilling below the Sugar zone is also under way, and will test down dip mineralization.

Outlook

  • The tailings management facility and paste fill plant will be completed in the fourth quarter of 2018.
  • Declaration of commercial production is targeted for December, 2018.
  • Mine planning for 2019 and life of mine is under way, guidance will be provided early in 2019.
  • Updated NI 43-101 mineral resource estimate targeted for early 2019, following completion of a 90,000-metre drill program in 2018.
  • NI 43-101 feasibility study targeted for Q1 2019.

Process plant commissioning

Process Plant commissioning began in August following completion of construction. Since that time, the company has increased throughput to achieve the initial targeted rate of 575 tonnes per day.

First gold production was announced in mid-October. Gold dore bars are being produced through the gravity circuit and a high-grade concentrate is being produced through the flotation recovery circuit for off-site processing.

Underground mining

Sill development is continuing and long-hole stoping between the 140 and 155 levels off the Sugar zone south ramp has begun. The first production stope blast was successful and the results met expectations in terms of rock fragmentation.

Underground development continues at the Sugar zone north and south ramps. During September, the average advance rate of 8 metres per day was ahead of plan. The installation of critical underground infrastructure to support ventilation, power and pumping has been completed. In addition, the mine return air ventilation fan was successfully installed and the transition to grid power for the majority of site power requirements substantially completed. Redpath is ramping up its underground mine personnel to achieve targeted sill development rates. Harte Gold's current permits allow for underground mining and mill processing rates of 550 t/d and 575 t/d respectively. Harte Gold will submit an application to increase both categories to 800 t/d in Q1 2019.

Exploration

Infill drilling at the Sugar and Middle zones for 2018 has concluded. Approximately 62,000 metres were drilled with a focus on the upgrade of inferred mineral resources to the indicated category. The drill program was successful and is expected to improve overall modelled grade of the resources. Assays were published over the course of 2018 (see press releases dated July 23, 2018, May 23, 2018, March 18, 2018, and Jan. 8, 2018). Assays will be factored into an updated NI 43-101 mineral resource estimate targeted for early 2019.

Stepout drilling under way will continue to mid-December. Approximately 30,000 metres have been drilled to date, targeting extension of known mineralization at the Sugar, Middle and Wolf zones, as well as discovery of new potential zones of mineralization like the Fox zone.

Information provided from the company's downhole IP program completed in August has been successful identifying a number of drill targets, including a chargeability anomaly currently being drilled to test the convergence of the Middle and Wolf zones. Downhole geophysics has been a highly successful tool used in the past, earlier work led to the deep Sugar zone discovery at a depth of 1,000 metres.

The company has also started deep drilling at the Sugar zone, approximately 1,500 metres below surface and 500 metres below the current extent of inferred mineral resources. The intent of deep drilling is to test continuity of mineralization down dip and to potentially follow up with further downhole IP to develop deep drilling targets.

About Harte Gold Corp.

Harte Gold is Ontario's newest gold producer through its wholly owned Sugar zone mine in White River, Ont. Using a three-gram-per-tonne gold cut-off, the NI 43-101-compliant mineral resource estimate dated Feb. 15, 2018, contains an indicated mineral resource of 2,607,000 tonnes grading 8.52 g/t for 714,200 ounces contained gold and an inferred mineral resource of 3.59 million tonnes, grading 6.59 g/t for 760,800 ounces contained gold. The company is currently completing a 100,000-metre drill program on near-mine and exploration targets, which will be incorporated in an updated NI 43-101-compliant mineral resource estimate and mine plan targeted for first quarter of 2019.

Quality assurance/quality control statement

The company has implemented a quality assurance and control program to ensure sampling and analysis of mine and exploration work are conducted in accordance with industry standards. Drill core is sawn in half with one-half of the core shipped to Actlabs Laboratories located in Thunder Bay, Ont., while the other half is retained at the company's core facilities in White River, Ont., for future verification. Certified reference standards and blanks are inserted into the sample stream on a regular interval basis and monitored as part of the QA/QC program. Gold analysis is performed by fire assay using atomic absorption, gravimetric or pulp metallic finish. The mineral resource estimate was prepared in compliance with National Instrument 43-101 guidelines. Robert Kusins, PGeo, Harte Gold's senior mineral resource geologist, is the company's qualified person, and has prepared, supervised the preparation, or approved, the scientific and technical disclosure in this news release.

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