Harte Gold Corp.

Harte Gold Corp.

March 23, 2010 08:30 ET

Harte Gold Corp.: Diamond Drilling Begins at Sugar Zone, White River, Ontario

TORONTO, ONTARIO--(Marketwire - March 23, 2010) - HARTE GOLD CORP. ("Harte") (TSX VENTURE:HRT)(FRANKFURT:H4O) is pleased to announce that a 2,000 meter diamond drilling program will get underway this week to test the downdip extension of the Sugar Zone which currently hosts an NI 43-101 gold resource of 904,400 tonnes grading 9.75 g/t Au for 283,500 ounces of contained gold.

"Over 70 holes were drilled to 300 meters to define our current resource," said Stephen G. Roman, Harte's President & CEO, "and there is excellent potential for this zone to continue to depth. One previously drilled hole intersected the mineralized zone at 600 meters," said Mr. Roman.

Harte has signed a contract with More Core Drilling Ltd., for this initial phase of work which is being supervised by David S. Hunt, B.Sc., P.Geo. of Sharpstone Geoservices Ltd. and Mr. George Flach, P.Geo, Vice-President of Exploration for Harte Gold Corp. Mr. Flach is the qualified person as defined by National Instrument 43-101 and reviewed the technical information contained herein.

As previously announced on March 8th, Harte has signed an option agreement with Corona Gold Corporation to acquire Corona's 51% interest in the Sugar Zone Property and become operator. To that end, Harte has made a payment to Corona of $10,000 and issued 7.18 million common shares of Harte representing a 9.9% interest as the first payment. An additional payment of $2 million will be required by June 5th, in order for Harte to exercise its option with a final payment of $2.5 million in two years.

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 inferred resource of 904,400 tonnes grading 9.75 g/t Au for 283,500 ounces of contained gold. The Stoughton-Abitibi property is 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.

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.

Contact Information

  • Harte Gold Corp.
    Mr. Stephen G. Roman
    President & CEO
    Harte Gold Corp.
    Mr. David Ellis
    Investor Relations