Harte Gold Corp.
HARTE GOLD PROVIDES OPERATIONS UPDATE
Toronto – July 29, 2020 - HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O)
is pleased to provide the following operational update on its Sugar Zone mine in Ontario, Canada.
Highlights:
- Mine Restarted: All mine activities have commenced at the Sugar Zone mine. The Company is ahead on all key mining metrics, supporting the planned mill start-up scheduled for early August.
- Backfill, waste and ore development are meeting or exceeding expectations.
- Longhole blasting and ore haulage rates are improving daily.
- A significant stockpile has been built-up to feed the mill on restart.
- 2020E and 2021E production guidance reiterated:
- 2020E annual gold production guidance of 20,000 – 24,000 ounces.
- 2021E annual gold production of 60,000 – 65,000 ounces.
- Transition to Owner-Operator proceeding as planned: Transition to owner-operator is progressing smoothly. Significant interest has been received from mine contractors looking to transition to full-time Harte Gold employees and potential new hires, with over 1,000 resumes received to-date.
- 1,200 tpd Feasibility Study underway: The Company is exploring an expansion of the Sugar Zone Mine to 1,200 tpd throughput rate to maximize value and cash-generative potential of the current resource. Work scopes for the study have gone out to tender and engineers have been identified. The Feasibility Study is expected in Q4 2020.
Harte Gold’s Near-term Growth Profile
- Grade Control: Ore definition and extension drilling has started at Sugar Zone North and South areas with the following objectives: de-risk planning, improve ore body geometry definition and target potential upside. The Company has budgeted for 16,000 metres of ore definition and extension drilling for this year.
- Near-Mine Exploration: Near-mine drilling is expected to start in August with the focus on extending near-mine mineralization along strike at the Sugar Zone South and Wolf Zone areas and testing parallel structures and geophysical anomalies. Further details to be provided once the drilling program commences.
Sam Coetzer, President and CEO of Harte Gold commented:
“During my visit to the Sugar Zone mine earlier this week, I was encouraged by the focus and commitment of the team to
effect a positive restart. The underground team is highly motivated to achieve its goals and the processing team is eager
to turn on the mill, which is expected to occur next week.
Mine management is also well underway to deliver a seamless transition to owner-operator, which is expected to be
completed over the next few months. Further updates will be provided to the market as this work progresses.”
ABOUT HARTE GOLD CORP.
Harte Gold holds a 100% interest in the Sugar Zone Mine located in White River, Canada. The Sugar Zone Mine entered
commercial production in 2019. Stated production guidance is 20,000 to 24,000 oz Au for 2020 and 60,000 to 65,000 oz
Au for 2021. The Company has further potential through exploration at the Sugar Zone Property, which encompasses
79,335 hectares covering a significant greenstone belt. Harte Gold trades on the TSX under the symbol “HRT”, on the OTC under the symbol “HRTFF” and on the Frankfurt Exchange under the symbol “H4O”.
For further information, please visit www.hartegold.com or contact:
Shawn Howarth
Vice President, Corporate Development and Investor Relations
Tel: 416-368-0999
E-mail: sh@hartegold.com
Source: https://www.hartegold.com/news/harte-gold-provides-operations-update
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Underground Miners
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