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Harte Gold Corp.
Summary
| Project: | Sugar Zone | |
|---|---|---|
| Deposit: | Sugar Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-5-2018: Harte Gold Corp. announces a PEA report for its Sugar Zone deposit at the Sugar Zone project. PEA results incl. post-tax NPV of US $244M (5%), IRR of 42%, and 12yr LOM at the project. Toronto – May 3, 2018 - HARTE GOLD CORP. (“Harte Gold” or the | |
| Resources: | (Resource): 2.607Mt @ 8.52g/t Au (Ind.) and 3.59Mt @ 6.59g/t Au (Inf.) at project | |
| CP/QP: | [Resources]: Eugene Puritch (P&E Mining Consultants Inc.) | |
| ABSTRACT: | Toronto – May 3, 2018 - HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce the results of a positive Preliminary Economic Assessment (“PEA”) for the Company’s 100% owned Sugar Zone Project (“Sugar Zone” or the “Project”), near White River, Northern Ontario. Stephen G. Roman, President and CEO of Harte Gold, commented “The PEA demonstrates an economically robust, low cost operation with a scalable mine plan designed to match underground development. With a target of 1,400 tonnes per day producing over 100,000 ounces per year, Harte Gold will have the cash flow to continue property wide exploration and the ability to target high impact acquisition opportunities.” Mr. Roman added “We are particularly encouraged by the value opportunities being explored. As illustrated with previous infill drilling, grade is expected to improve as we tighten spacing, which will have a significant, positive effect on the diluted head grade mined and the number of ounces incorporated into the mine plan. There are over 500,000 ounces of resource currently not included within the PEA mine plan. As we continue drilling, we expect the economics of the Sugar Zone Project should only improve.”\ | |
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