Harte Gold Corp.

Harte Gold Corp.

April 05, 2011 17:47 ET

Harte Announces Initial Results From 10,000 Meter Drill Program

TORONTO, ONTARIO--(Marketwire - April 5, 2011) - HARTE GOLD CORP. ("Harte") (TSX VENTURE:HRT)(FRANKFURT:H4O) is pleased to announce results from the first batch of drill holes assayed as part of its 2011 drill program. Highlights include Visible Gold ("VG") encountered in 5 of the 6 drill holes reported and 1.98 meters grading 13.05 g/t including 1.2 meters grading 19.34 g/t and 54.8 g/t across 0.25 meters in SZ-11-05.

The first phase of drilling is focused on the Sugar Zone Deposit and consists of an in-fill drilling program from surface to 300 meters to upgrade Inferred Resources to Measured and Indicated Resources in order to complete the block model of the deposit and begin engineering and mine planning

Drilling Highlights:

Zone From
SZ-11-01 Upper 52.5 54 1.5 8.76  
Including Zone 53 53.5 0.5 26.0  
SZ-11-01 Lower 57 61.5 4.5 2.57  
Including Zone 58 59 1.0 9.53  
    58 58.5 0.5 18.7  
SZ-11-02 Lower 75.64 78.71 3.07 6.65 VG
including Zone 76.02 76.58 0.6 31.4  
SZ-11-03 Lower 196.43 200.65 4.22 4.65 VG
Including Zone 197.61 199.4 1.79 10.58  
Including   198.56 199.4 0.80 19.4  
SZ-11-04 Upper 227.85 228 0.15 18.6 VG
SZ-11-04 Lower 242.8 243.84 1.04 10.55 VG
Including Zone 243.19 243.37 0.2 58.7  
SZ-11-05 Lower 76.77 78.75 1.98 13.05 VG
Including Zone 77.55 78.75 1.2 19.34  
Including   77.55 77.8 0.25 54.8  
SZ-11-06 Lower 299 300.48 1.84 7.05 VG
Including Zone 299.76 300.48 0.72 17.9  
Note: Drill results comprise core intersection lengths (true width unknown).

The current drill program will also include:

  • Testing the mineralized envelope below 300 meters to expand resources down dip - deeper drilling is currently underway,
  • Exploration drilling to extend the current 800 meter strike length of the Sugar Zone deposit and,
  • Testing IP / Magnetometer ("Mag") survey targets in the area (1.7 kms) between the Wolf Zone and Sugar Zone deposits and other areas of interest on the property.

Once the 10,000 meters are completed, an updated NI 43-101 report will be done. Work is on-going to complete a feasibility study on the Sugar Zone Deposit which will incorporate the updated NI 43-101 data in order to complete mine planning. In addition, Harte is currently cutting 65 line kilometres in preparation for an IP/ Mag survey over the Fold Closure area north-west of the Wolf Zone.

Toronto Stock Exchange ("TMX") Listing Application

Harte is also pleased to announce that it has submitted an application to graduate from the TSX Venture Exchange and list the Company's common shares for trading on the TMX Listing Approval is expected prior to the end of May 2011.

Stephen G. Roman, President and CEO of Harte Gold Corp. commented "We are pleased with the widespread VG and resource - consistent widths and grades encountered to date in our current 10,000 meter drill program. Together with the submission of our application to list on the TMX, 2011 should prove to be a year of significant progress for the Company".

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 sawn in half. Sample lengths were 0.5 meters. 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%.

Common Shares Outstanding: 140,099,231

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.

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