Harte Increases Interest in Stoughton-Abitibi Property and Continues Drill Program
Wed Apr 9, 10:15 AM
ca.news.finance.yahoo.com
TORONTO, ONTARIO--(Marketwire - April 9, 2008) - HARTE GOLD CORP. (TSX VENTURE: HRT.V)(FRANKFURT:H4O) ("Harte") is pleased to announce that it now holds a 100% interest in its Stoughton-Abitibi Property, subject to a 10% interest held by Pelangio Mines Ltd. in 66 of the 296 claims units in Ontario. Prior to the purchase of the additional interest, Harte held a 65% interest in the property, subject to Pelangio's 10% interest. Harte also holds a 100% interest in 86 adjoining mining claims located in the Province of Quebec. The Stoughton-Abitibi Property is located just north of the Destor-Porcupine Fault, 10km east of the Holloway-Holt gold mine and mill infrastructure. To the south and east are significant land-holdings held by Iamgold. St Andrew Goldfields has significant landholdings to the west. Provincial Highways 101 and 388 connecting Ontario and Quebec are located immediately to the south of the property.
Furthermore, Harte is pleased to announce that it has acquired 100% interest in 518 mining claims units located near Wabikoba Lake (the "Wabikoka Lake Property") situated 7km north of the Hemlo deposit in Ontario. Harte paid a private Ontario corporation $275,000 for the acquisition of the increased interest in the Stoughton-Abitibi Property and the Wabikoka Lake Property.
In addition, the new management of Harte is pleased to confirm the continuation of the 4,200 metre Drilling Program on its Stoughton-Abitibi Property announced by Harte's previous management in its press release of February 29, 2008. As part of the change of management, Cam Cheriton and Robert Platt have resigned as directors of Harte.
The currently in progress drill program is testing the near surface open pit potential of the Marriott Gold Zone identified on the Stoughton-Abitibi Property. The completion of the geological compilation of historical data and the Harte's previous drilling on the Stoughton-Abitibi Property has generated a number of targets. The geological review determined that a shallow dipping vein system and associated alteration envelop controls the gold mineralization and is responsible for the broader historical intersections on the property. These intersections include holes ST98-18 at 1.28 grams/tonne gold over 25.0 metres and ST99-26 at 1.86 grams/tonne gold over 18.2 metres (true widths estimated at 90% of core length). The near surface potential of this open pit style of mineralization has been identified over a 1.0 kilometre strike length. The 2008 program will consist primarily of infill drilling but will also include 5 drill holes that will test possible extensions of the known gold zone further to the east.
HARTE GOLD CORP. (TSX VENTURE: HRT.V) ("Harte") is pleased to announce that it now holds a 100% interest in its Stoughton-Abitibi Property, subject to a 10% interest held by Pelangio Mines Ltd. in 66 of the 296 claims units in Ontario. Prior to the purchase of the additional interest, Harte held a 65% interest in the property, subject to Pelangio's 10% interest. Harte also holds a 100% interest in 86 adjoining mining claims located in the Province of Quebec The Stoughton-Abitibi Property is located just north of the Destor-Porcupine Fault, 10km east of the Holloway-Holt gold mine and mill infrastructure. To the east are significant land-holdings held by Iamgold. St Andrew Goldfields has significant landholdings to the west. Provincial Highways 101 and 388 connecting Ontario and Quebec are located immediately to the south of the property.
Furthermore, Harte is pleased to announce that it has acquired 100% interest in 48 mining claims located near Wabikoba Lake (the "Wabikoka Lake Property") in the Hemlo area of Ontario. Harte paid a private Ontario corporation $275,000 for the acquisition of the increased interest in the Stoughton-Abitibi Property and the Wabikoka Lake Property.
In addition, the new management of Harte is pleased to confirm the continuation of the 4,200 metre Drilling Program on its Stoughton-Abitibi Property announced by Harte's previous management in its press release of February 29, 2008. As part of the change of management, Cam Cheriton and Robert Platt have resigned as directors of Harte. The program is testing the near surface open pit potential of the Marriott Gold Zone identified on the Stoughton-Abitibi Property. The completion of the geological compilation of historical data and the Harte's drilling on the Stoughton-Abitibi Property has generated a number of targets. The geological review determined that a shallow dipping vein system and associated alteration envelop controls the gold mineralization and is responsible for the broader historical intersections on the property. These intersections include holes ST98-18 at 1.28 grams/tonne gold over 25.0 metres and ST99-26 at 1.86 grams/tonne gold over 18.2 metres (true widths estimated at 90% of core length). The near surface potential of this open pit style of mineralization has been identified over a 1.0 kilometre strike length. The 2008 program will consist primarily of infill drilling but will also include 5 drill holes that will test possible extensions of the known gold zone further to the east.
The technical content of the information related to its Stoughton-Porcupine Property was reviewed by Mr. Robert Kusins, P. Geo., a qualified person for Harte under the guidelines of National Instrument 43-101.
About Harte Gold Corp.
HARTE GOLD CORP. is a Canadian gold mining and development company with a corporate mission to become a gold producer in the heart of Canada's Abitibi Gold Belt. Currently, the Company holds a 100% interest in its Stoughton-Abitibi Property subject to a 10% interest held by Pelangio Mines Ltd. in 66 of the 276 claim units in Ontario. Stoughton-Abitibi Property now encompasses 80+ sq km (20,130 acres) of prime geology along the Destor- Porcupine Fault within the world-renowned Abitibi Gold Belt. The Stoughton-Abitibi Property is located mid-way along the Destor-Porcupine Fault which extends 200 km east from Timmins, Ontario into the major gold camps of Quebec. In October 2007, the Company filed a geological report prepared in accordance with NI 43-101 on the Stoughton-Porcupine Property (Ontario side of the Stoughton-Abitibi Property). In addition, the Company continues to maintain its 49% interest in the Sugar Zone Property covering an area of 11,560 hectares located 70 km east of the world-famous Hemlo Gold Camp. The Sugar Zone Property holds a NI 43-101 gold resource of 953,600 tonnes grading 9.933 g/t Au.
Forward-looking Statements
This release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", and "intend" and statements that an event or result "may", "will", "can", "should", "could" or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current internal projections, expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.
TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.
Contacts
Mr. Robert Isles
Harte Gold Corp.
President & CEO
(416) 831-4349
(416) 368-6827 (FAX)
Email: ceo@hartegold.ca
Website: www.hartegold.ca |
