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Harte Gold discovers new high grade gold showing returning grades up to 247 grams per tonne

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This new discovery, the TT8 Discovery, is approximately 17 kilometers southeast of the company’s Sugar Zone Mine, in an area previously mapped by OGS geologists as granite, and not known to host gold mineralization.

Additional Information:

Company: Harte Gold Corp.
Website: http://www.HarteGold.com
Stock Symbol: TSX: HRT
Date Published: Dec 2, 2019
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Harte Gold Corp. has discovered a new high grade gold showing with initial sampling returning grades up to 247 grams per tonne gold.

This new discovery, the TT8 Discovery, is approximately 17 kilometers southeast of the company’s Sugar Zone Mine, in an area previously mapped by OGS geologists as granite, and not known to host gold mineralization.

The TT8 Discovery is believed to be an extension of an existing known greenstone belt to the east.

17 chip samples across a 40 meter strike extent have returned gold values from 11.1 grams per tonne to 247.0 grams per tonne gold.

The hangingwall and footwall sediments were also sampled returning gold values up to 2.64 grams per tonne gold, suggesting the width of the mineralized zone could be significantly wider than currently uncovered.

Following this exciting discovery, the company will focus its exploration program in this area and will commence diamond drilling to test the extent of mineralization, with drilling expected to start in early January, pending exploration permits.

Sam Coetzer, President and CEO, stated: “We see this as very positive news, confirming the prospective potential of the overall Harte Gold land package. The TT8 Discovery will now form the primary focus of the company’s exploration plan. Our strategy is to find additional feed sources for our processing facility and this target potentially fits this goal. I am very excited and believe our exploration team have the ability to unlock significant further value from our overall property.”

David Stevenson, P.Geo and Chief Exploration Geologist, added: “This exciting new discovery has all the attributes we have been looking for on the property. It is hosted in a “Hemlo Style” sedimentary package of rocks and bears significant potential to form a part of a larger system.”

Harte Gold entered commercial production in 2019 at its wholly owned Sugar Zone Mine in White River Ontario.

Production started on January 1, 2019, with 19,138 ounces of gold produced to date from 120,000 tonnes.

Exploration continues on the Sugar Zone Property, which encompasses 79,335 hectares covering a significant greenstone belt.

Using a 3 gram per tonne gold cut-off, the NI 43-101 compliant Mineral Resource Estimate dated February 19, 2019 contains an Indicated Mineral Resource of 4,243,000 tonnes grading 8.12 grams per tonne gold with 1,108,000 ounces contained gold and an Inferred Mineral Resource of 2,954,000 tonnes, grading 5.88 grams per tonne gold with 558,000 ounces contained gold.

A NI 43-101 compliant Feasibility Study was completed on the Sugar Zone Mine effective February 15, 2019 calculating total Reserves of 3,879,000 tonnes grading 7.1 grams per tonne gold with 890,000 ounces of gold.

The shares are trading at $0.18.

For more information, please visit www.HarteGold.com, contact Shawn Howarth, VP Corporate Development, at 416-368-0999 or by email at sh@HarteGold.com.

I’m Fiona Forbes for Investmentpitch Media