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Bullboard - Stock Discussion Forum PENN WEST PETROLEUM LTD. T.PWT

"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015,... see more

TSX:PWT - Post Discussion

PENN WEST PETROLEUM LTD. > Gold stock of the year !!
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Post by Diane123Hater on Apr 26, 2017 10:25am

Gold stock of the year !!

Harte Gold's Middle Zone Discovery Continues to Expand

High Grade Intersections Pervasive Middle Zone now measures 400 x 700 meters

TORONTO, ONTARIO--(Marketwired - April 26, 2017) - HARTE GOLD CORP. ("Harte Gold") (TSX:HRT)(OTC:HRTFF)(FRANKFURT:H4O) Harte Gold is pleased to announce continued positive drilling at both the Sugar Zone and Middle Zone on the Company's 100% owned Sugar Zone Property, White River Ontario.

Six drill rigs are currently active. Three rigs continue to do infill drilling on the Sugar Zone in the area targeted for the next phase of mining as well as step-out drilling to expand the resource.

At the Middle Zone, two rigs are currently active doing step-out drilling to expand the mineralized envelope and infill drilling to bring the Middle Zone into the resource category. Middle Zone drilling has also defined where the mineralization ends, currently about 150 meters from surface, as well as the defining contact with the "Gabbro Intrusion" (* see description below) on the north side. The dimension of the zone is now 400 meters on strike and 700 meters down dip. The zone remains open down dip and on strike to the south. Drilling towards the Sugar Zone and at depth is indicating the two deposits may converge at depth into a larger system.

In addition, a sixth drill rig has now started drilling further north at the Wolf Zone. Results from this program will be announced once sufficient drilling has been done to accurately confirm continuity of the mineralization.

Highlights of the drilling are as follows:

Sugar Zone: 30K Area - Phase 1 Commercial Production
Hole # From To Grade (g/t) Width (m)
SZ-17-124 149.50 151.35 17.794 1.85
SZ-17-126 164.58 166.27 18.351 1.69
SZ-17-133
including
174.15
174.15
175.90
174.90
41.711
96.900
1.75
0.75
SZ-17-134
including
152.95
153.15
154.75
153.55
33.597
135.00
1.80
0.40
(core intersection lengths approximate 80% true width, assay results are uncut, fire assay with metallic screen on samples >10 g/t)    
         
Middle Zone Drilling Resource Expansion    
Hole # From To Grade (g/t) Width (m)
WZ-17-59
including
708.09
709.61
711.65
709.89
7.28
47.10
3.56
0.28
WZ-17-61
including
637.70
640.80
642.87
641.20
5.98
50.10
5.17
0.40
WZ-17-62 213.90 216.00 9.00 2.10
WZ-17-66
including
246.60
247.48
248.18
248.18
8.98
19.60
1.58
0.70
WZ-17-67
including
698.37
699.88
700.18
700.18
14.86
84.20
1.81
0.30
WZ-17-68 including
including
189.95
283.71
283.71
290.27
191.71
291.69
285.00
291.69
17.17
3.99
9.79
13.02
1.76
7.98
1.29
1.42
(core intersection lengths approximate 80% true width, assay results are uncut, fire assay with metallic screen on samples >10 g/t)    

About Harte Gold Corp.

Harte Gold Corp. is focused on the exploration and development of its 100% owned Sugar Zone property where it has permitted a 70,000 tonne Advanced Exploration Bulk Sample for the Sugar Zone Deposit.

The Sugar Zone property is located 80 kilometers east of the Hemlo Gold Camp. The Preliminary Economic Assessment dated July 12, 2012, contains an Indicated Resource of 980,900 tonnes, grading 10.13 g/t for 319,280 ounces of contained gold (uncapped) and an Inferred Resource of 580,500 tonnes, grading 8.36 g/t Au for 155,960 ounces of contained gold (uncapped). The mineral resource was prepared in compliance with NI 43-101 guidelines. George A. Flach P. Geo, Vice President Exploration, is the Qualified Person for Harte Gold and has prepared, supervised the preparation, or approved the scientific and technical disclosure in this news release. Harte Gold also holds the Stoughton-Abitibi property located on the Destor-Porcupine Fault Zone adjacent and on strike of the Holloway Gold Mine.

* A Gabbro is a late stage volcanic intrusion that in the case of the Sugar Zone was injected into the mineralized formation that carries the gold.

QA/QC Statement

The company has implemented a quality assurance and control ("QA/QC") program to ensure sampling and analysis of mine and exploration work is 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, ON, while the other half is retained at the company's core facilities in White River 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.

Common Shares Outstanding: 453,201,574

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Stephen G. Roman
President and CEO
416-368-0999
sgr@hartegold.com

David Ellis
Investor Relations Consultant
416-704-0937
davidellis@hartegold.com

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