Harte Gold Corp.

Harte Gold Corp.
Corona Gold Corporation

March 23, 2009 11:00 ET

Corona Gold Corp. & Harte Gold Corp. Announce Drilling Program on Sugar Zone Property

TORONTO, ONTARIO--(Marketwire - March 23, 2009) - Corona Gold Corp. ("Corona")(TSX:CRG) and Harte Gold Corp. ("Harte")(TSX VENTURE:HRT) are pleased to announce that they plan to conduct a ten hole (2,000m) diamond drill program on the Sugar Zone gold project commencing by early April, 2009.

The planned ten hole NQ size diamond core drill program is designed to test near surface targets along the 3.5 km strike length away from the main zone, as well as sub-parallel zones defined in either the recent airborne magnetics survey completed in 2008 or in previous IP surveys conducted over the zone. Holes are to be drilled to the northeast generally at an inclination of 45 degrees and to an average depth of 200 metres. The drilling program is expected to take one month to complete.

The Sugar Zone contains a NI 43-101 compliant inferred resource of 904,400t @ 9.75g/t Au for 283,500 ounces of contained gold. The resource estimate was performed by David S. Hunt, PGeo., of Sharpstone Geoservices Ltd., who is an independent qualified person as defined by National Instrument 43-101. The relevant report detailing the results of the resource estimate, "Resource estimate of the Sugar Zone Project" is dated 17 May, 2004 and is filed on SEDAR under Corona.

The Sugar Zone property is subject to a joint venture agreement between Corona, which holds a 51% interest, and Harte, which holds a 49% interest. The Sugar Zone Property consists of 326 unpatented, unsurveyed, contiguous claims consisting of 720 claim units within the Sault Ste. Marie Mining Division of Ontario. The Property is located approximately 60 kilometres east of the Hemlo gold camp and 25 kilometres northeast of White River. Corona is the operator of the project. The project is located in the north-south trending Dayohessarah greenstone belt and hosted within a major northwest-trending linear structure that can be traced for 3.5 km. Outcropping gold mineralization occurs within two parallel zones, separated by 10 to 15 metres and occurring along a strike length of 1.1 km. The mineralization is hosted in sugary white quartz veining located along these zones with a thickness of 2 to 12 metres and dipping on average 64 degrees to the southwest. Both zones are defined by swarms of felsic porphyry sills hosted within mafic volcanics.

Gary O'Connor, MAusIMM, Vice-President of Exploration for Dundee Resources Limited, a consultant to Corona, and a qualified person as defined by NI 43-101, reviewed the technical content of this press release on behalf of Corona prior to distribution. George Flach, PGeo, a qualified person as defined by NI 43-101, reviewed the technical contents of the release on behalf of Harte.

The TSX has not approved or disapproved the contents of this press release. The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Corona Gold Corp.
    Murray John
    President & CEO
    (416) 482-8606
    (416) 924-7997 (FAX)
    Harte Gold Corp.
    Stephen G. Roman
    (416) 368-3949
    (416) 368-5146 (FAX)