Harte Gold Corp.
Gold Exploration and Mine Development in White River, Ontario, Canada
Harte Gold Corp. Gold Exploration and Mine Development in White - - PowerPoint PPT Presentation
Harte Gold Corp. Gold Exploration and Mine Development in White River, Ontario, Canada MAY 2015 Forward Looking Statements This presentation has been prepared by the Company and includes information from sources believed by management to
Gold Exploration and Mine Development in White River, Ontario, Canada
This presentation has been prepared by the Company and includes information from sources believed by management to be reliable. No representation or warranty, expressed or implied, is made as to the accuracy of the information set forth herein. The information contained herein is as of the date hereof and is subject to change, completion or amendment without notice.
This presentation contains forward looking statements, estimates and projections with respect to the anticipated future performance of the company that may be deemed to be “forward-looking statements.” These statements, estimates and projections reflect various assumptions made by the company concerning anticipated results, which may
address operating performance, future direction, management and control of the company, events or developments that are expected to occur in the future (including statements related to earnings, expectations, sales of assets, capital expenditures, or statements expressing general optimism about future operating results) are forward- looking statements. Actual results could differ materially from those reflected in the forward-looking statements contained herein as a result of a variety of factors, many
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Sugar Zone Property
Hemlo Mines
Historic Production – 30 M oz Reserves – 1.1 M oz (estimate)
Stoughton-Abitibi Property
Eagle River Mine
Historical Production – 1 M oz Resources – 1,000,000 oz (estimate)
Island Gold Mine
Historical Production – 500,000 oz Resources – 1,000,000 oz (estimate)
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The principal asset of the Company is the 100% owned Sugar Zone Property located 60 kms east of Hemlo, Ontario.
Preliminary Economic Assessment July 2012 shows strong project economics, optimization will reduce capex and accelerate timelines
Current Deposit outlined to 500m only, Sugar Zone mineralization traced to 1,000m vertical, SZ-12-37 returned 10.5 g/t over 3.2m
Permitted 70,000 tonne bulk sample should yield > 25,000 oz Au
2014 drill programs identified Wolf Zone down-plunge extension and new mineralized structures.
2015 drill program tested IP survey targets in volcanic-sediment contact zone, potential footwall zone behind Sugar Zone Deposit .
Total Mineral Resources Tonnes Au (g/ t) (Uncapped) Ounces Au (Uncapped) Au (g/ t) (Capped) Ounces Au (Capped)
Indicated 980,000 10.13 319,300 8.72 275,000 Inferred 580,500 8.36 156,000 7.03 131,300
The information in the Table above is excerpted from the NI 43-101 Technical Report and Mineral Resource Update for the Dayohesarah Lake Property (Sugar Zone Property) prepared by Watts, Griffis & McOuat February 27, 2012
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Open on strike and down dip
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Wolf Zone Sugar Zone
Sugar Zone
grade gold deposit open at depth and strike, gold mineralization extends to 1,000m depth, target >1mm
Early 2015 discovery of Footwall Zone south of Sugar Zone confirms en echelon zone potential Wolf Zone - 2010 discovery 9.5g/t
Peacock boulder train (87 g/t). 2014 drilling confirmed Wolf Zone is Peacock Boulder source, extended mineralization to depth and on strike Contact Zone - 2014 IP/Mag Survey identified mafic volcanic/sedimentary contact. 2015 drilling confirmed Hemlo setting, pathfinder element and gold values. Follow-up drilling recommended.
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Contact Zone
Hole Number Zone From (metres) To (metres) Width (metres) Grade (g/ t)
SZ-10-109 JB Lower Zone 40.44 46.44 6.00 28.63 SZ-10-110 JB Lower Zone Incl. 42.21 42.55 45.64 43.30 3.41 0.75 48.39 248.00 SZ-13-49 JB Upper Zone Incl. JB Lower Zone 28.00 28.00 80.15 80.15 33.50 30.55 85.00 82.30 5.50 2.50 4.85 1.35 8.07 16.88 28.50 94.96 SZ-13-50 JB Lower Zone 8.73 12.90 17.00 14.85 8.27 1.95 17.24 61.74 SZ-13-58 JB Lower Zone Incl. 96.60 96.60 101.79 97.85 5.19 1.25 27.40 109.08 JB-14-01 JB Lower Zone Incl. 124.01 124.01 128.06 125.66 4.05 1.65 14.47 22.61 JB-14-09 JB Lower Zone Incl. 133.39 133.39 136.10 134.07 2.71 0.68 16.61 58.70 SZ-11-15 Lower Zone Incl. Incl. 311.94 314.70 315.12 317.20 316.45 315.52 5.26 1.75 0.40 17.60 52.84 204.00 SZ-12-36 Lower Zone Incl. 432.00 433.08 433.64 433.64 1.64 0.56 57.60 162.00 SZ-12-37 Lower Zone Incl. 1,111.50 1,114.00 1,114.70 1,114.70 3.20 0.70 10.50 43.30 SZ-12-39 Lower Zone Incl. 360.84 362.66 365.30 363.52 4.46 0.86 7.06 34.20
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Hole Number Zone From (metres) To (metres) Width (metres) Grade (g/t)
NZ‐10‐02 Including Wolf Zone 22.00 23.00 29.50 26.00 7.50 3.00 9.50 22.90 WZ‐10‐18 Including Wolf Zone 140.50 144.00 145.50 145.50 5.00 2.50 4.80 15.40
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Lakebed sampling program returned elevated arsenic and molybdenum similar to Hemlo gold mineralization Induced Polarization & Magnetometer (“IP/Mag”) surveys identified “up-ice” anomalies, north & south extensions Summer 6,000m drill program tested down plunge Wolf Zone, IP anomalies and discovered new mineralized zone 120 line km ground proofing confirmed Wolf Zone as source of high grade Peacock boulder Structural Analysis confirms mineralizing event contemporaneous with Hemlo IP/Mag survey and surface samples identify Contact and Footwall Zones.
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IP/Mag targets coincident with known mineralized zones – Sugar Zone Deposit and Wolf Zone Follow up ground proofing targets by Harte Gold geological team over approximately 120 line kms Survey area extensively sampled resulting in numerous high grade assays from bedrock Q1 2015 drill program targets: mafic - volcanic / sediment contact zone and potential new mineralized zones east and south of the Sugar Zone Deposit
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Stoughton Abitibi is located 110 kms east of Timmins, Ontario adjacent to the Saint Andrews Holloway Gold Mine (2M ounces Au) and its high grade “Smoke Deep Discovery”.
Property covers approximately 2,500 hectares and is situated along the Destor-Porcupine Fault – over 100 million gold ounces produced from this prolific regional structure.
Adjacent to and on-strike of gold mine = exploration potential
Drill Hole From (metres) To (metres) Width (metres) g/t ST98 – 08 145.70 148.00 2.30 5.07 ST98 – 15 343.80 348.50 4.70 8.48 ST98 – 18 257.00 282.00 25.00 1.28 ST99 ‐ 26 448.50 466.70 18.20 1.86
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Stephen G. Roman, Chairman, President and CEO
Over 30 years in mineral exploration, has developed, brought into production or sold several mining, oil and gas projects including the discovery and subsequent $1.5B sale of the Gold Eagle gold deposit to Goldcorp in 2008.
George Flach, VP Exploration
Over 25 years in mineral exploration, instrumental in the discovery of several gold deposits and mines including the 20mm oz GoldFields, Tarkwa Mine, Ghana.
Rein Lehari, CFO
Over 30 years experience in the mining industry as a chartered accountant and chartered business valuator and previously a partner with Price Waterhouse Coopers.
Timothy Campbell, VP & Secretary
20 years corporate finance, regulatory compliance, going public transactions, permitting, government relations, community and aboriginal consultation,
management services for publicly listed companies.
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Richard R. Faucher
mining projects, formerly Vice-President, Brunswick Mining & Smelting (Noranda Inc.) President & General Manager, Falconbridge Dominicana.
George Flach, P.Geo.
Bernard Kraft, C.A.
Berger LLP, Chartered Accountants. Mr. Kraft is a Canadian Institute of Chartered Accountants recognized Designated Specialist in Investigative and Forensic Accounting.
Derek C. Rance P. Eng., MBA
consultancy, industry experience includes President and COO of Iron Ore Company of Canada, Mine Manager at the Dickenson Mine, Red Lake, Ontario.
Stephen G. Roman, B.A.
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(April 30, 2015)
52 Week High - Low: 0.34 – 0.04 Common Shares: 257,240,532 Warrants: 46,518,688 Options: 21,300,000 Fully Diluted: 325,059,22 Insiders: 6% Institutional: 12% Large Retail: 50% Public Float: 32%
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Canada ranks second in the world for resource grades
Of the top 286 global deposits evaluated by Mine Fund, the Sugar Zone would rank 28th in grade. Source: Visual Capitalist
December 31, 2012
Sugar Zone
From this data, it is clear that large, high-grade gold deposits are truly a rare asset
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Ontario’s largest mining camps
production and reserves/resources of approximately 30mm oz Au
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Begin mining Sugar Zone Deposit, continue deposit development to > 1 million ounces
2.
IP targets – Contact Zone, Footwall Zone, other en-echelon zones and,
3.
Discover other deposits on wholly owned greenstone belt
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Gold Exploration and Mine Development in White River, Ontario, Canada