Harte Drilling Confirms New Gold Discovery at Sugar Zone Property
November 10 2010 - 6:30AM
Marketwired
HARTE GOLD CORP. ("Harte") (TSX VENTURE: HRT)(FRANKFURT: H4O) is
pleased to announce that it has confirmed a new gold discovery on
its Sugar Zone Property located 60 kilometres east of the Hemlo
Gold Camp in Ontario, Canada.
Two shallow angled holes have been completed under the "Trench 2
Zone" (now known as the "Wolf Zone")(see News Releases dated
September 21, 2010 and October 5, 2010). This discovery area is
only a small part of the New Zone Area that is located 1.7
kilometres north of the Sugar Zone Deposit (see News Releases dated
July 21, 2010 and August 10, 2010).
Hole Number NZ10-02, drilled beneath Trench 2, intersected 9.5
g/t over 7.5 metres from 22 metres to 29.5 metres. Included in the
interval are 22.9 g/t over 3.5 metres which includes 111 g/t over
0.5 metres. The mineralization occurred as disseminated sulphides
with varying amounts of fine visible gold (VG).
Hole Number NZ10-01, drilled above Hole Number NZ10-02, returned
a section between 20 and 23.5 metres of 3.5 metres grading 1.83
g/t, including a section of 3.6 g/t across one (1) metre. Because
Hole NZ10-02 returned much higher grades and width than Hole Number
NZ10-01, it is believed this may be an early indication that the
Wolf Zone is improving with depth. A program of step-out drilling
will begin this week.
The Wolf Zone was discovered using Induced Polarization ("IP")
and Magnetic ("Mag") surveys, followed by a trenching and sampling
program (see News Release dated October 5, 2010). The surveys and
follow-up programs produced very positive results indicating
Hemlo-style disseminated sulphide gold mineralization.
Assay results are pending from four additional holes that have
been drilled on other IP and Mag targets delineated in the New Zone
Area.
As a result of this important new discovery at the Wolf Zone,
Harte has mobilized a geophysical crew to expand the IP survey area
in all directions. In addition, Harte has retained EDCOR Drilling
Services to supply an additional drill rig to be delivered to the
site next week. Harte will then have two drill rigs working on the
Wolf Zone with the objective of expanding the Zone along strike and
down dip.
"These are excellent results that Harte has produced in the
early days of our Hemlo-style gold discovery on the Sugar Zone
Property," commented Stephen G. Roman, President and CEO. "We have
a multitude of IP and Mag targets to test on this extensive
greenstone belt (40,000 acres) which is entirely controlled by
Harte."
The current drill results comprise core intersection lengths
(true width unknown) and were assayed at Activation Laboratories in
Thunder Bay, Ontario using standard fire assay with AA and
gravimetric finish. Because of variable amounts of VG in the core
samples, Harte will use fire assay with screen metallics on all
future core.
QA / QC Statement
Diamond drill holes were drilled with NQ sized core in order to
obtain larger sample volumes of the mineralized zones. The core was
sealed and delivered by the drilling contractor to Harte's
facilities located in White River, Ontario. The mineralized
sections of the cores were photographed for reference, logged and
mineralized sections were sawed in half. Sample lengths were 0.5
metres. Half core samples were bagged, sealed and delivered to
Activation Laboratories in Thunder Bay, Ontario, an accredited
laboratory. The remaining core is stored on site for reference.
Samples were assayed by the fire assay method using an atomic
absorption finish on a 50 gram pulp split. A quality assurance and
quality control program (QA/QC) was implemented by Harte and the
laboratory to ensure the precision and reproducibility of the
analytical method and results. The QA/QC program includes the
insertion of standards, blanks and field duplicates in the sample
batches sent to the laboratory and a systematic re-assaying of
samples returning values above 3 g/t Au by the fire assay method
using a gravimetric finish.
The drill program is being conducted under the supervision of
George A. Flach P. Geo, Vice President of Exploration for Harte.
Mr. Flach is the Qualified Person (QP) as defined in National
Instrument 43-101 and has reviewed the technical information
contained herein.
About Harte Gold Corp.
Harte Gold Corp. is a Canadian gold exploration company with
interests in the Sugar Zone and Stoughton- Abitibi properties
located in Ontario, Canada. The Sugar Zone Property is located 60
kilometres east of the Hemlo Gold Camp and holds an NI 43-101
compliant Indicated Resource of 1,117,000 tonnes, grading 8.41 g/t
Au for 302,000 ounces of contained gold and an Inferred Resource of
417,000 tonnes, grading 7.13 g/t Au for 95,000 ounces of contained
gold. Harte is the operator of the Sugar Zone Property and
currently owns a 49% interest with the option to acquire the
remaining 51% for consideration equal to $90,000 every six months
until payment of $2.5 million by May 28, 2012 or $3 million by May
28, 2013. Harte also holds the Stoughton-Abitibi property located
on and adjacent to the Destor-Porcupine Fault Zone in close
proximity to the 2.5 million ounce Holloway-Holt Gold Mine in the
Timmins Porcupine gold camp.
Common Shares Outstanding: 133,109,528
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Harte Gold Corp. Stephen G. Roman President and CEO
416-368-0999 sgr@hartegold.com Harte Gold Corp. David Ellis
Investor Relations Consultant 416-704-0937
davidellis@hartegold.com
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