EXPM:HRTFF - Post by User
Post by
justrelax2on Sep 09, 2020 1:17pm
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Post# 31527283
Good grab Wictor--so far only on Hrt Website
Good grab Wictor--so far only on Hrt Website
HARTE GOLD ANNOUNCES A POSITIVE RESTART TO MINING AND MILLING OPERATIONS AT THE SUGAR ZONE MINEToronto–September9,2020-HarteGoldCorp.(“Harte Gold”or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to provide the following operational update at the Sugar Zone mineand processing facilityin Ontario,Canada(see Harte Gold news releases dated July 29 and August 12, 2020).The following informationis based on preliminary unreconciled numbers. A more detailed operational update will be provided at the end of the quarter.Highlights:•Record average daily throughput at the Sugar Zone mill: The Company is pleased to announce the mill has been successfully restartedand has operated at a processing throughput rate of 800 tonnes per day (“tpd”) or greater for several contiguous days following the restart on August 5. For the month of August,a total of 19,685tonnes were processed representing a record average daily throughput rate of approximately 760tonnes per day(“tpd”), factoring in planned downtime for the month.•Gold production growth: Gold production for August was approximately 3,200ounces, consistent with record monthly production results prior to the mine entering temporary care-and-maintenancedue to COVID-19.•Mine development ahead of plan:The Company’sfocus on development continues to return positive results. Waste development and ore development metres exceeded plan for August by 32% and 59%, respectively.The Company has completed approximately two-thirds of the ramp development to the Middle Zone.•Expansion Studyongoing:The Company continues to advance itsFeasibility Study examining theexpansion to a 1,200 tpdthroughput rateat the Sugar Zone mineand expects to announce the results of the Feasibility Study inQ42020.•Surface prospecting campaign at TT8Zone remains encouraging: Harte Gold’s summer exploration program has identified three new showings at the TT8 Zone, extending the potential of the overall mineralized extent 2.5 km to the northeast of the initial TT8 discovery. The geologic settingsof these new showings are similar to the initial TT8discovery. The completed surface prospecting will be used in conjunction with geophysics to identify high-priority drill targets, planned to be drilled in Q4 of this year. The Company will provide a more detailed update on exploration as TT8 drilling continues.•Near-minedrilling continues:Grade control drilling is underwayto de-risk planning and better define the geometry of the orebody. To-date,15 holes totaling 2,600 metreshave been drilled. A second drill rig is targeted to be mobilized in September to test extension of known mineralization at the Middle Zone and complete infill drilling at both the Middle Zone and Sugar Zone Southareas.Sam Coetzer, President and Chief Executive Officer of Harte Gold, commented:“I am really pleased to see how rapidly the team gained momentum during the month of August. This demonstrates that good planning, strong communications and a focus on continuous improvementcan result in better-than-expected results. The mine has not skipped a beat from where we ended prior to temporary shutdown and I am confidentwe can build on this performance going forward.With the recently announced financing now complete, the owner-operator transition in full swing,the FeasibilityStudy advancedand exciting exploration to come, I believe Harte Gold iswell-positioned for a stronger future.