TORONTO, April 29, 2021 /CNW/ – HARTE GOLD CORP.
Second, at the TT8 Zone, what started as an initial 100 m outcropping, has grown into an 18 km continuous extension of the Kabinakagami greenstone belt, with five additional high-grade showings discovered in 2020.
The TT8 Zone, located approximately 17 km southeast of the Sugar Zone mine , is an area that was previously mapped as tonalite by the Ontario Geological Society and was not considered prospective prior to Harte Gold’s exploration work that started in 2019.
Since drilling started in late 2019, a total of approximately 3,352 metres have been drilled in 35 holes across the TT8, Money, Smoking Aces, and Long Shot showings.
The Company plans to drill an additional 5,000 metres for the summer 2021 exploration plan for TT8, as well as an additional 15,000 metres for property-wide testing numerous EM, IP, VLF and gold in soil anomalies.
Data compilation is expected to provide the Company’s regional exploration team with enhanced geological understanding of the district and aid in developing a systematic process for target generation.
The Company is completing several property-wide surveys to further prioritize the next generation of exploration targets.
An aggressive 2021 prospecting campaign is now underway at the Hambleton and TT8 areas and will be subsequently expanded to include the Flat Lake and K7 South areas.
This thorough data-driven approach to exploration has proved effective at the TT8 Zone, which started as a single outcrop showing in 2019, was subsequently expanded to 11 km in late 2020 including five additional high-grade showings, and has now expanded further to a continuous 18 km trend.
Drill core is sawn in half and one half of the core is shipped to Activation Laboratories in Thunder Bay, ON, while the other half is retained at the Company’s core facilities in White River, ON, for future verification.
Harte Gold trades on the TSX under the symbol “HRT”, on the OTC under the symbol “HRTFF” and on the Frankfurt Exchange under the symbol “H4O”.
This news release includes “forward-looking statements”, within the meaning of applicable securities legislation, which are based on the opinions and estimates of management and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.
Such risks and uncertainties include, but are not limited to, there being no events of default or breaches of key financing agreements, including agreements with BNP Paribas and Appian; the Company being able to attract and retain qualified candidates to join the Company’s management team and board of directors, risks associated with the mining industry, including operational risks in exploration, development and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; the uncertainty surrounding the ability of the Company to obtain all permits, agreements, consents or authorizations required for its operations and activities; and health, safety and environmental risks, the risk of commodity price and foreign exchange rate fluctuations, the ability of Harte Gold to fund the capital and operating expenses necessary to achieve the business objectives of Harte Gold, the uncertainty associated with commercial negotiations and negotiating with contractors and other parties and risks associated with international business activities, as well as other risks and uncertainties which are more fully described in the Company’s Annual Information Form dated March 30, 2021, and in other filings of the Company with securities and regulatory authorities which are available on SEDAR at www.sedar.com.
The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or in any other documents filed with Canadian securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.