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Harte Gold Corp.
Summary
| Project: | Sugar Zone | |
|---|---|---|
| Deposit: | Sugar Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-4-2019: Harte Gold Corp. announces a Feasibility Study report for its Sugar Zone deposit at the Sugar Zone project. Feasibility Study results incl. post-tax NPV of CAD $266.9M (8%), Initial ore reserve. Toronto – April 8, 2019 - HARTE GOLD CORP. (“Harte | |
| Resources: | (Reserve, Prob.): 3.879Mt @ 7.1g/t Au for 890Koz Au | |
| CP/QP: | [Resources]: Eugene Puritch (P&E Mining Consultants Inc.) | |
| ABSTRACT: | Toronto – April 8, 2019 - HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce the results of a Feasibility Study (“FS”) for the Company’s 100% owned Sugar Zone Mine (“Sugar Zone”), located in White River Ontario, Canada. Stephen G. Roman, President and CEO of Harte Gold, commented “The Feasibility Study announced today validates the Company’s “Base Case” operating scenario and supports the Company’s longer-term strategy to generate cash flow for continued exploration and Mineral Resource growth on the Sugar Zone property.” Mr. Roman added “The opportunities to expand production and cash flow identified in the Feasibility Study are solid. Since taking over the project in 2009, management has increased the property wide mineralization tenfold. The “Base Case” scenario is an interim step to stabilize production, develop and train the workforce and generate positive returns for shareholders. As the Mineral Resource grows, we contemplate the continuation of our expansion plans as we envisioned in our PEA”. | |
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