Harte Gold Corp.
TSX : HRT
FRANKFURT : H4O

Harte Gold Corp.

April 10, 2012 10:55 ET

Sugar Zone Drilling Returns 11.5 g/t Over 2.40 Meters, Confirms Extension of Deposit at Depth, VTEM Interpretation Defines 700 Meter Ni-Cu Zone

TORONTO, ONTARIO--(Marketwire - April 10, 2012) - HARTE GOLD CORP. ("Harte") (TSX:HRT)(FRANKFURT:H4O) is pleased to provide phase I results from its current 7,000 meter drill program as well as an update of current exploration and development initiatives at the Sugar Zone property.

Highlights:

  • Drill hole SZ11-29 returned 11.5 g/t over 2.4m including 18.9 g/t over 1.45m and 35.5 g/t over 0.41m
  • Drill hole SZ11-30 returned 5.13 g/t over 2.15m within a 10.8m shear zone grading 1.17 g/t
  • Drill hole SZ11-31 returned 3.46 g/t over 2.17m including 5.58 g/t over 1.05m within an 8.4m shear zone grading 0.94 g/t
  • Mineralized envelope appears to be widening at depth and is associated with a possible convergence of the upper and lower zones.
Sugar Zone Extension Drilling
Hole Number Zone From (meters) To (meters) Width
(meters)
Grade (g/t) Visible
Gold
SZ-11-29 Lower Zone 464.00 466.40 2.40 11.50 VG
Incl. 541.69 544.62 1.45 18.90
Incl. 465.04 465.45 0.41 35.5
SZ-11-30 Lower Zone 505.15 507.30 2.15 5.13 VG
within 502.00 512.80 10.80 1.17
SZ-11-31 Lower Zone 468.03 470.20 2.17 3.46 VG
Incl. 468.03 469.08 1.05 5.58
within 463.25 471.65 8.40 0.94
SZ-11-28 Lower Zone 505.20 507.75 2.55 1.94 -
Incl. 506.00 506.60 0.60 4.95

The drill results in the table above extend the Sugar Zone Deposit to depth. The continuity of gold mineralization together with the widening of the shear zone that controls the Sugar Zone Deposits' vein hosted gold, confirms management's belief that the Sugar Zone Deposit extends to depth. This extension has the potential to significantly increase in the size of the existing Deposit.

Following spring break-up, Harte will drill approximately 5,000m to complete the current drill program.

Sugar Zone Property Exploration Program

  • Harte had previously completed a trial VTEM survey which resulted in a new discovery of a potential massive sulphide Nickel - Copper ("Ni-Cu") zone (see news release dated September 20, 2011). As a result, the Company has engaged Geotech Ltd. to cover the entire property with a VTEM survey which will be completed this week. Recently completed interpretation of the VTEM has discovered a potential massive sulphide Ni-Cu target located north-west of the Sugar Zone.
  • The massive sulphide target is hosted in an ultramafic intrusive sequence. The target is interpreted to have a strike length of 700m. Historical drill holes in the general area were drilled parallel to the structure and as such intersected only disseminated Ni-Cu sulphides flanking the actual VTEM target.

Induced Polarization / Magnetometer Program ("IP/Mag")

  • Harte will conduct an IP/Mag program over a 20 sq km area west of the Sugar Zone Deposit to the contact zone between the sedimentary and volcanogenic rock units.
  • Harte will conduct a down hole IP program below the Wolf Zone located on strike 2 km north of the Sugar Zone Deposit. Previous drilling at the Wolf Zone returned assay results of 9.5g/t over 7.5m including 22.9 g/t over 3m and 111g/t over 0.5m (see News Release dated November 10, 2010).
  • This IP is expected to define drill targets in the area between the Sugar Zone Deposit and the Wolf Zone which may connect the two mineralized areas.

Sugar Zone Deposit Development Program

  • NordMin Engineering Ltd. ("NordMin") is currently involved in technical studies and permitting applications related to advanced exploration, underground bulk sample work and production at the Sugar Zone Deposit.
  • As part of the above work, NordMin is also completing a Preliminary Economic Assessment ("PEA") which will include results from the current 7,000m drill program. The PEA will define preliminary Sugar Zone Deposit project economics and is expected by June 2012.

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. Exploration programs are conducted under the supervision of George A. Flach, P. Geo, Vice President Exploration, Harte Gold Corp. 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 980,900 tonnes, grading 10.13 g/t for 319,280 ounces of contained gold (uncapped) and grading 8.72 g/t Au for 274,970 ounces of contained gold (capped) and an Inferred Resource of 580,500 tonnes, grading 8.36 g/t Au for 155,960 ounces of contained gold (uncapped) and grading 7.03 g/t Au for 131,280 ounces of contained gold (capped). 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 Holt-Holloway Gold Mine in the Timmins, Ontario Porcupine gold camp.

Common Shares Outstanding: 164,888,114

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