https://www.miningweekly.com
Exploration|Financial|Gold|Drilling
Exploration|Financial|Gold|Drilling
exploration|financial|gold|drilling

Harte Gold discovers new greenfield area near Sugar Zone

26th July 2021

By: Creamer Media Reporter

     

Font size: - +

The share price of junior Harte Gold rose on Friday, as the embattled company announced the discovery of a new greenfield mineralised area about 8.5 km north-west of its Sugar Zone mine, in Ontario.

The discovery of the area, named the 007 Showing, was the result of the company’s ongoing systematic process to concentrate exploration efforts on priority areas across its 81 287 ha land package.

Channel sampling was under way, and initial results had returned anomalous gold values of up to 4.4 g/t gold.

At the TT8 Zone, further drilling has expanded mineralisation from the previously defined 600 m strike length to over 3 000 m, extending mineralisation to the south towards the Big Bear showing.

“Our regional exploration programme continues to reinforce the tremendous potential of the Sugar Zone property. The recent discovery of the 007 Showing is a promising new area of mineralisation that will be followed up with further prospecting. Separately, the extension of the TT8 Zone along the fully permitted Kabinakagami (Kabi) greenstone belt continues to return promising grades at shallow depths. We are excited with what the potential TT8 could deliver as exploration continues to the south, where we see steepening lithologies with the potential for larger zones of mineralisation,” said exploration VP David Schonfeldt.

Harte Gold’s share price rose 9% to C$0.06 a share. The junior’s stock has been under pressure lately, as the company seeks a financial lifeline.

Edited by Creamer Media Reporter

Comments

Projects

Image of lithium ore
Bougouni lithium project, Mali – update
Updated 2 hours 17 minutes ago By: Sheila Barradas

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.162 0.196s - 92pq - 2rq
Subscribe Now