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Bullboard - Stock Discussion Forum Harte Gold Corp. 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... see more

EXPM:HRTFF - Post Discussion

Harte Gold Corp. > Reserves n Resources
View:
Post by Flyhi2004 on Jan 26, 2021 5:46pm

Reserves n Resources

Based on the Jan 20 release of the feasability study the updated modelling does in fact as stated increase the potential oz to mine economically.

The new model says 797000 oz in the " Probable mineral reserve"

Indicated mineral resource   1.1 MM oz
Inferred mineral resource     .567 MM oz

Therefore as of Jan 20 release which superceeds previous released of Sept & Dec 2020 the combined potential oz is now 2.464 MM oz.

The reserve is the most accurately drilled to give a high probability of achieving this and it could exceed the total also.

The resources ( 2 ) require further drilling to prove up and place into reserve category.

The point I am making is the total potential oz in the deposit to date is 2.464 million oz's.

Much more drilling is required to convert the known resource at sugar and middle zone  and find more gold at depth or length and drill anywhere else on the property to increase the oz's also.

This is my read on our present high potential oz's already identified.  2.464 Million oz deposit so far.
Comment by Flyhi2004 on Jan 26, 2021 6:01pm
Further to my above numbers if as Research is saying the reserve is extracted out of the resource then they would have had to reduce one of the two types of the resource amounts remaining to reflect the conversion of the resources to the reserve. I believe this is where some confusion and interpretation could be . If they state the reserve number and didn't account this was taken from the ...more  
Comment by justrelax2 on Jan 26, 2021 6:03pm
I will tend to concur.....not trying to be nasty but do you have a geo background or are you interpreting the chart results as most of us laymen are...2.4 +
Comment by Flyhi2004 on Jan 26, 2021 6:13pm
Your not being nasty at all ...I do not have one but having said that. Read my last post...maybe I am wrong but if I am I won't be a happy camper..... If they took the reserve out of the resource and never dropped the resource numbers down to compensate for the recatergorized rsource to reserve to me this would be total misrepresentaion of the facts and would be a misleading and false ...more  
Comment by Flyhi2004 on Jan 26, 2021 6:18pm
Correction.. AISC 1400-1550 until 2023.
Comment by Research67 on Jan 26, 2021 6:46pm
@br /@ @br /@ I went back and read all the news releases from 2018-2021, when the reserve first showed up, the resource never changed. I think we all assumed wrong way back then and no one ever corrected us. I haven’t t looked at Harte gold in so long, when I saw Eggbus’s post and read the news report, It didn’t add up. Perhaps being gone so long and not following enabled me to look with fresh ...more  
Comment by Flyhi2004 on Jan 27, 2021 9:09am
Well it unbeilable that they can report reserves on a new model and not adjust the resource to reflect it if this is the case. To me that is misleading and incorrect information.... Some one must know when the resource is moved into reserve category don't you have to adjust the resource numbers to reflect this?
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