Harte Gold Corp.: Drilling Expands Wolf Zone Gold Discovery to 600 Metre Strike Length
December 14 2010 - 8:18AM
Marketwired
HARTE GOLD CORP. ("Harte") (TSX VENTURE: HRT)(FRANKFURT: H4O) is
pleased to announce the latest drill results from the new Wolf Zone
gold discovery located two kilometres northwest of the Sugar Zone
Deposit, which is located 60 kilometres east of the Hemlo Gold
Camp, Ontario, Canada.
Highlights:
-- Shallow step-out drilling extends Wolf Zone strike length to 600 metres
-- Wolf Zone remains open along strike and down dip
-- 28 holes have been drilled to date and confirm continuity of the gold
zone
-- Visible gold, molybdenum, chalcopyrite and galena, visible in drill core
-- Recent analysis of geophysical data outlines significant synform fold
structure
----------------------------------------------------------------------------
Hole Number From (metres) To (metres) Width (metres) Grade (g/t)
----------------------------------------------------------------------------
WZ-10-03 87 99 12 2.25
Including 88.5 93.5 5 4.3
Including 90 91 1 13.6
----------------------------------------------------------------------------
WZ-10-06 78.6 81.1 2.5 8.81
----------------------------------------------------------------------------
WZ-10-07 92.5 93.5 1 3.19
----------------------------------------------------------------------------
WZ-10-08 27.5 45 17.5 2.1
Including 37 45 8 3.1
Including 37 38 1 8.1
----------------------------------------------------------------------------
WZ-10-09 71.5 75.5 4 0.4
Including 72 73 1 1.1
----------------------------------------------------------------------------
WZ-10-10 90 92 2 0.7
Including 90.5 91.5 1 1.1
----------------------------------------------------------------------------
WZ-10-11 57 60 3 0.21
----------------------------------------------------------------------------
WZ-10-12 70 71 1 1.71
----------------------------------------------------------------------------
WZ-10-13 60 66 6 0.53
----------------------------------------------------------------------------
WZ-10-14 73 77 4 1.05
Including 73.5 74.5 1 2.54
----------------------------------------------------------------------------
The drill holes reported are from an initial series of bore
holes drilled to define the orientation of the Wolf Zone and are a
follow - up to discovery hole number NZ-10-02, which intersected
9.5 g/t over 7.5 metres from 22 metres to 29.5 metres, including
22.9 g/t over 3.5 metres and 111 g/t over 0.5 metres (see news
release November 10, 2010).
Exploratory drilling was completed on 100 metre centres on
strike in both directions and continuously intersected the
mineralized zone. Assays for an additional 14 holes are pending. To
date, 28 holes have been drilled along strike at shallow depth.
Holes WZ-10- 04 and WZ -10-05 were stopped short of the zone.
The 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. Harte is also using screen metallics on assays over 3 grams
/ tonne.
Geophysical Data
Recent analysis of an airborne survey of the entire Property
completed by Fugro Airborne Surveys indicates the presence of a
significant synform structure. The survey indicates the presence of
a classic "fold nose" (fold closure) formation five kilometres
northwest of the current Wolf Zone drilling. The axis of the
Synform runs south under Lake Dayohessarah. Both the Wolf Zone and
the Sugar Zone are situated on the eastern limb of the synform.
Harte is looking forward to testing other areas of interest along
the eastern limb as well as beginning exploration work on the now
apparent western limb.
Exploration Program
This phase of the drill program is now completed. Exploration
will re-start after the Christmas break. An IP survey will be
completed over the ground between the Sugar Zone and Wolf Zone by
mid-January 2011 whereupon the IP crew will move to the "fold nose"
to begin working on that area. The next series of holes on the Wolf
Zone will be drilled to a vertical depth of 200 and 300 metres
across the strike length to further define the down dip extension
of the Wolf Zone. Infill drilling on the Sugar Zone Deposit will
focus on upgrading and expanding the current indicated and inferred
resource and will begin in January.
Staking
Harte has staked an additional 1,057 claim units (16,917
hectares) situated around the periphery of the Sugar Zone Property
claim package. The staking was done in order to consolidate Harte's
property position and provide a buffer zone around current and
potential future operations.
"The recently interpreted geophysical information shows the
Sugar Zone gold deposit and Wolf Zone gold discovery are coincident
with the eastern limb of this synform," commented Stephen G. Roman,
President and CEO. "We will be accelerating our efforts along a
clearly mineralized structure and anticipate making further
discoveries."
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: 136,274,985
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
Harte Gold Corp (Tier 2) (TSXV:HRT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Harte Gold Corp (Tier 2) (TSXV:HRT)
Historical Stock Chart
From Jul 2023 to Jul 2024