HARTE GOLD CORP. is pleased to announce the discovery of a new mineralized zone east of the Sugar Zone Deposit and to provide an exploration update on Harte Gold's 100% owned Sugar Zone property located north-east of White River, Ontario.
- Hemlo style sericite schist shear zone located along Contact Zone west of Sugar Zone Deposit
- Bedrock grab samples taken along an 800m strike length east of the Sugar Zone Deposit range from 2.82 g/t Au to 277 g/t Au and from 2.92 g/t Au to 11.5 g/t Au from a potential Sugar Zone Deposit southern extension
- Phase 3 Induced Polarization / Magnetic survey completed
- Drill program will target Contact Zone and Sugar Zone extension targets and in-fill drilling on Jewelry Box Bulk Sample test area
Contact Zone - Hemlo Style Mineralization
The recently completed Phase 3 IP/Mag survey extended coverage to the north, south and west of the IP/Mag survey areas completed earlier this year. Five parallel structures have been traced over distances of up to 2 kms within a 600m wide corridor west of the Sugar Zone Deposit.
IP anomalies include a trend with anomalous gold, antimony, arsenic and tungsten as well as a Hemlo style sericite schist shear zone with anomalous arsenic values that follows a topographic depression, along the Contact Zone.
The Contact Zone consists of an area parallel to the shoreline of a large lake where the mafic volcanic sequence meets a sedimentary sequence (Please see News Release dated September 29, 2014 for more information). Robert S. Middleton P. Eng., Consultant and Project Manager, commented, "Sediment interflow units in the upper part of this sequence and volcanic-sedimentary contact are equivalent to the contact and sequence found at Hemlo."
Geological mapping and surface sampling program
A recently completed geological mapping and sampling program collected 1,620 rock samples of which 569 samples were sent for assay. Assay results range from trace to 277 g/t Au and located a mineralized quartz vein east of the Sugar Zone Deposit which returned assays ranging from 2.82 g/t Au to 277 g/t Au from surface bedrock grab samples. Additional bedrock samples from an area approximately 800m south returned assays ranging from 2.92 g/t Au to 11.5 g/t. Harte Gold sees potential to add a new lense and increase the strike length of the Sugar Zone Deposit through follow up drilling on these zones. Much of the sampling program covered areas of the property that have not been previously explored. Results are not necessarily representative of the average grade of mineralized zones on the property.
Harte Gold conducted a recent site visit with mine contractors to establish the location of the portal and finalize surface infrastructure for its planned Sugar Zone Mine. Underground development lay-outs are currently being completed and final contractor pricing is anticipated prior to year end. Subject to finalizing financial arrangements for the mining program, Harte Gold anticipates underground development to begin in June, 2015.
Stephen G. Roman, President and CEO noted: "The recent drop in the price of gold and operating cost pressures faced by mining companies around the world, illustrate the value of Harte Gold's high grade Sugar Zone Deposit and low operating costs (approximately $600 per ounce) as demonstrated in our Preliminary Economic Assessment dated July 2012." Harte Gold plans a limited in-fill drill program in the bulk sample test area prior to collaring the portal.
Phase 1 Drill program
The final holes drilled under the summer 2014 reconnaissance program; DZ-14-38 - DZ 14-45 were focused on parallel structures east of the Middle Zone and Wolf Zone and returned no significant gold values. A Phase 2 diamond drill program of up to 5,000m will test the down - plunge extension of the Wolf Zone, Sugar Zone Deposit extension and Contact Zone targets.