Harte Gold Corp. HRTFF

Absolutely UNDERWHELMING-from new web site

[justrelax2]

 

Stoughton-Abitibi

The property covers a 4 km strike length of the Destor-Porcupine Fault with an overall length of more than 11 km along the upper portions of the property, in close proximity to the Holloway-Holt gold mine.

Location

The Stoughton-Abitibi Property is located on, and adjacent to, the Destor-Porcupine Fault, 110 km east of Timmins, 50 km north-east of Kirkland Lake, Ontario and 10 km due east of the Holloway-Holt gold mine and mill.

Overview

The property is comprised of 101 claim units made up of 17 unpatented, contiguous claims covering a total area of 1,646 hectares.

Geology and Mineralization

The property is situated in the central portion of the east-west trending Destor-Porcupine fault system within the prolific Abitibi Greenstone Belt. This Archean age belt forms part of the Superior Craton and is approximately 800 km long and 240 km wide. The belt is typically comprised of predominately volcanic rocks with lesser sedimentary and intrusive rocks cut by occasional Proterozoic diabase dikes.

Bedrock exposures consist of a series of south-facing basalt flows including massive, pillowed and locally flow top breccias. The basalts are fine grained locally with porphyritic or amygdaloidal section and are relatively undeformed. In outcrop, they weather to a buff-brown or light green colour, while on fresh surface colour varies from green to dark green. Calcite and epidote veinlets are common. The basalts have been classified by Jensen, 1978 to be tholeiitic, varying from magnesium to iron-rich. In drilling, the basalts are altered when spatially associated with major fault structures. Alteration includes pervasive carbo

ZERO TALK OF WORK THAT HAS BEEN DONE ON THE PROPERTY.......ZERO TALK OF WORK CURRENTLY BEING DONE ON THE PROPERTY    AND  ZERO TALK OF FUTURE PLANS FOR THE PROPERTY....ABSOLUTELY UNDER WHELMING

[justrelax2]

I will go  BONKERS  if our board entertains more dilution down the road , if we still hold this go nowhere property....we have our hands more than full in White River....make a deal with KL / Newmont, get what you can,   and spend it on drilling  more holes  at the several targets highlighted by Red Stars on our Sugar property....anything but more dilution

[Homestone]

In my opinion it would not make sense to get rid of something unless there was a keen interest in it and you were getting top dollar.If you are desperate and do sell cheap it would not be wise to spend the money on a gamble.That would be like selling your unrestored vintage car for peanuts and buying lottery tickets with the money.Better to leave it in the garage until there is interest in it.This

[justrelax2]

..... My post was mostly about dilution....If we dilute my shares any more,  while still holding this go nowhere property  and not having the time or money to work it,  then  I will personally call  JAY LENO   and ask him to take this 1970 Cuda off our hands.....he has the time and money to work on it...WE  DONT...and the longer it goes on,  parts get

[Homestone]

I hear you about dilution,The share float is nuts.Jay Leno would not be interested in that car.It would have to be a numbers matching hemi Cuda.Getting back to the shares,if they want to increase production and need to raise money  how would that figure in to the number of shares outstanding?Not sure ,but like you say the number of shares outstanding is definitely an issue with this company

[MudCreeker]

  There's significant dilution baked in.  The interest on the Apian loan is in shares.  If I've run the numbers correctly, at current exchange rates, it's about 44 million shares a year.  If the share price falls below $0.1173, it's even more.