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. > Pure gold

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Comment by kitsune1on Nov 15, 2021 2:34pm

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Post# 34128430

RE:RE:RE:Pure gold

> After doing a lot more reading about Pure Gold and reading an article that explains what went wrong I realize that they are pretty much in the same position as Harte Gold.

I would add that they are a year or two behind Harte. Time will tell whether management makes a difference or such projects are doomed to fail without a larger and more accelerated production plan. I may get get flamed for saying this, but my take is that gold mining is no longer profitable in Canada at grades that were traditionally found to be viable. Costs are too high, and even a frugal management may struggle to keep AISC low.

Also there is too much hype in resource estimations. Anyone knows what happened to the Gold Eagle Mines property that GoldCorp acquired from SR and co. for $1.5 bn in 2008?

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