Harte Gold Corp.
TSX VENTURE : HRT
FRANKFURT : H4O

Harte Gold Corp.

August 25, 2010 17:25 ET

Harte Gold Announces Significant Increase and Upgrading of Sugar Zone Resource

TORONTO, ONTARIO--(Marketwire - Aug. 25, 2010) - HARTE GOLD CORP. ("Harte") (TSX VENTURE:HRT)(FRANKFURT:H4O) is pleased to announce that a recently completed Resource Estimate on the Sugar Zone Deposit shows a significant increase over the previous NI 43-101 compliant Inferred Resource.

Highlights      
 
Current Resource Estimate   Previous Resource Estimate
Indicated       Indicated    
Tonnes Grade (g/t) Ounces   Tonnes Grade (g/t) Ounces
1,117,000 8.41 302,000   0 0 0
Inferred       Inferred    
417,000 7.13 95,000   904,400 9.75 284,000

The Resource Estimate includes both a re-classification of the previous resource from the Inferred to the Indicated category and the addition of new resources to the inferred category.

The Resource Estimate used a polygonal method, a three (3) gram / tonne cut-off and is based on a 50 metre area of influence around the pierce point of each drill hole for Indicated Resources and a 100 metre area of influence around the pierce point of each drill hole for Inferred Resources. Previous data was updated to include the ten holes drilled in the April – May 2010 diamond drill program.

The updated Resource Calculation was prepared by David S. Hunt P.Geo., of Sharpstone Geoservices Ltd. Mr. Hunt is the author of the original NI 43-101 Technical Report. A new N1 43-101 Technical Report will be posted on Sedar and the Company's web site: www.hartegold.com within 30 days of the date hereof.

The Company also announced that it has retained Nordpro Inc. of Thunder Bay, Ontario and P&E Mining Consultants Inc. of Brampton, Ontario in connection with a Feasibility Study for the Sugar Zone Deposit. Work will include:

  • Mine portal location
  • Environmental Baseline Study
  • Block modelling of the ore body
  • Economic evaluation
  • Underground layout and mine plan
  • Process (gravity) plant design

Together with Feasibility Study related work listed above, the next phase of diamond drilling will focus on expanding the current Sugar Zone resource, moving additional resources into the Measured and Indicated resource categories and exploration drilling at the Peacock Showing and associated anomalies.

Peacock Showing

Phase two of the Induced Polarization and Magnetometer Survey is currently underway. The stripping and channel sampling program focused on the high grade sample area found in previous field work (see News Releases dated July 21st and August 10th 2010) will begin shortly.

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 grading 8.41 g/t Au and 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%. 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.

George Flach P. Geo, Vice President of Exploration for Harte is the Qualified Person (QP) as defined in National Instrument 43-101 and he has reviewed the technical information contained herein. David S. Hunt P. Geo, principal of Sharpstone Geoservices Ltd. is the QP directing activities in the field.

Common Shares Outstanding: 129,015,216

Neither 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.

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