B/C of the interest that this company is generating and the fact that some are talking that Harte Gold is going to be the next Hemlo!!! At $87M market cap... you are paying over $200 per ounce in the ground including inferred... but if its the next Hemlo, its still very much a cheap stock!
Harte was added to my portfolio at .265 so I have been getting pretty familiar with it for the last 6 weeks as gold exploration seem to be gearing up in Ontario in a big way. After Creso announced their discovery I quickly went about looking for more gold explorers that were still early and had a great chance of discovery success. One of the companies that jumped out at me was Harte Gold. No, its not in the Shining Tree Mining Camp, but they are near the Holloway Holt Mine in the Destor-Porcupine fault system and also have a very prospective property that is starting to generate a lot of interest called the Sugar Zone Property near Hemlo.
The Sugar Zone is located 60 km east of the Hemlo Gold Camp and already has 302,000oz's au indicated @ 8.41 g/t and another 95,000 oz's inferred grading 7.13 g/t au. This was just recently announced which is a significant upgrade from 284,000 oz's inferred at 9.75 g/t au. What is exciting about this project is the that there is widespread gold all over the property with grab samples up to 82 g/t have been assayed. There is huge potential on this property with so many widespread high grade samples and could have much more than the existing resource. HRT also scored big yesterday when they announced that John D. Harvey has joined the board of Directors. If anyone can recognize what may be another emerging gold camp it has gotta be this guy. He served as the President of Hemlo Gold Mines from 1989 to 1992. Mr Harvey prior to that was instrumental in Noranda's discovery being VP of Mattagami Lake Mines which merged with Noranda where he was President of Noranda Exploration from 1982 to 1994. I'd be lying to you if I followed him then or know much about those discoveries b/c I was barely out of diapers by the time Mr. Harvey was President of Noranda, but I can tell you that he has been instrumental in the Noront's James Bay Lowlands discovery 'The Ring of Fire' discovery serving as director of companies I follow such as Noront NOT and Eagle Hill Exploration EAG. If HRT has enticed this guy to come aboard, The Sugar Zone Property must be something special.
Following the right people in the mining industry can make you tons of $$$, you know I like Nelson Baker who was instrumental in bringing to the company and developing the Rainy River Project which is now an emerging gold camp in Western Ontario. Nelson is now running Mineral Mountain MMV who is putting together a portfolio of impressive projects there. John D Harvey is another who you should not ignore.
The Sugar Zone is highly prospective with another recently discovered new gold zone. This new gold zone is what enticed Mr. Harvey to join the board. The gold mineralization is hosted in disseminated sulphides which is a certain type of mineralization that is often associated with large gold deposits such as Hemlo. Assays from the initial grab samples were very promising as well returning 6.53 and 5.97 g/t au from a recently excavated new IP anomaly. Numerous new anomalies have been discovered from a recently completed IP survey that now is lending creedence to the theory that this may indeed be another Hemlo. The company is planning on excavating many of these new IP anomalies before winter and then proceed to drill these targets this winter.
To quote the President of Harte Gold... "We continue to find exciting targets that require follow-up. The discovery of a highly silicified and sulphidic meta sediment east of the Peacock showing confirms the viability of our IP surveys in locating new gold discoveries."
If you look at the new IP map posted you will see the trenches dug where the samples returned 6.53 and 5.97 g/t au and grab samples taken from the Peacock Glacial Boulders one taken last year 2009 returned 87.3 g/t au which intitated exploration in this area this year. Just look at all the glowing red where samples are returning high grade gold on the map below. Very prospective.
Follow the link below to see IP map.
Harte was added to my portfolio at .265 so I have been getting pretty familiar with it for the last 6 weeks as gold exploration seem to be gearing up in Ontario in a big way. After Creso announced their discovery I quickly went about looking for more gold explorers that were still early and had a great chance of discovery success. One of the companies that jumped out at me was Harte Gold. No, its not in the Shining Tree Mining Camp, but they are near the Holloway Holt Mine in the Destor-Porcupine fault system and also have a very prospective property that is starting to generate a lot of interest called the Sugar Zone Property near Hemlo.
The Sugar Zone is located 60 km east of the Hemlo Gold Camp and already has 302,000oz's au indicated @ 8.41 g/t and another 95,000 oz's inferred grading 7.13 g/t au. This was just recently announced which is a significant upgrade from 284,000 oz's inferred at 9.75 g/t au. What is exciting about this project is the that there is widespread gold all over the property with grab samples up to 82 g/t have been assayed. There is huge potential on this property with so many widespread high grade samples and could have much more than the existing resource. HRT also scored big yesterday when they announced that John D. Harvey has joined the board of Directors. If anyone can recognize what may be another emerging gold camp it has gotta be this guy. He served as the President of Hemlo Gold Mines from 1989 to 1992. Mr Harvey prior to that was instrumental in Noranda's discovery being VP of Mattagami Lake Mines which merged with Noranda where he was President of Noranda Exploration from 1982 to 1994. I'd be lying to you if I followed him then or know much about those discoveries b/c I was barely out of diapers by the time Mr. Harvey was President of Noranda, but I can tell you that he has been instrumental in the Noront's James Bay Lowlands discovery 'The Ring of Fire' discovery serving as director of companies I follow such as Noront NOT and Eagle Hill Exploration EAG. If HRT has enticed this guy to come aboard, The Sugar Zone Property must be something special.
Following the right people in the mining industry can make you tons of $$$, you know I like Nelson Baker who was instrumental in bringing to the company and developing the Rainy River Project which is now an emerging gold camp in Western Ontario. Nelson is now running Mineral Mountain MMV who is putting together a portfolio of impressive projects there. John D Harvey is another who you should not ignore.
The Sugar Zone is highly prospective with another recently discovered new gold zone. This new gold zone is what enticed Mr. Harvey to join the board. The gold mineralization is hosted in disseminated sulphides which is a certain type of mineralization that is often associated with large gold deposits such as Hemlo. Assays from the initial grab samples were very promising as well returning 6.53 and 5.97 g/t au from a recently excavated new IP anomaly. Numerous new anomalies have been discovered from a recently completed IP survey that now is lending creedence to the theory that this may indeed be another Hemlo. The company is planning on excavating many of these new IP anomalies before winter and then proceed to drill these targets this winter.
To quote the President of Harte Gold... "We continue to find exciting targets that require follow-up. The discovery of a highly silicified and sulphidic meta sediment east of the Peacock showing confirms the viability of our IP surveys in locating new gold discoveries."
If you look at the new IP map posted you will see the trenches dug where the samples returned 6.53 and 5.97 g/t au and grab samples taken from the Peacock Glacial Boulders one taken last year 2009 returned 87.3 g/t au which intitated exploration in this area this year. Just look at all the glowing red where samples are returning high grade gold on the map below. Very prospective.
Follow the link below to see IP map.
This is a map to of the property and the extensive high grade gold showings throughout the property.
http://www.hartegold.com/images/map_potential.gif
HRT made a huge run recently, and is now consolidating but is a buy on any weakness. If you can get this at .50 and under, this is a company that changes the exploration risk in your favor and one that will make most of its gains even before results are out.
http://www.hartegold.com/
HRT made a huge run recently, and is now consolidating but is a buy on any weakness. If you can get this at .50 and under, this is a company that changes the exploration risk in your favor and one that will make most of its gains even before results are out.
Harte Gold is a big buy on weakness.
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