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12:00 PM EDT, 06/28/2016 (MT Newswires) -- Harte Gold (HRT.TO) has provided an update on its ongoing exploration and development program at its 100% owned Sugar Zone Property in White River, Ontario.
Bulk sample mining and underground development is on schedule and budget, the miner said, with two levels, the 375 level and the 360 level development drifts, completed. The 345 level is now under development. Ramping continues to access the lower levels and is currently 1,080 meters in length from the portal.
Tonnes shipped to Barrick's Hemlo mill now total 5,360. May was the first full month of ore shipments where 1,640 tonnes of development ore were delivered to Barrick at an average grade of 11.538 grams per tonne. Results for June far exceeded forecast for both tonnes and grade due to the exceptional widths and grades encountered, Harte said. The original forecast projected 298 tonnes of development ore during June as compared to 2,528 tonnes delivered.
Harte also announced the exercise of 6.4 million common share purchase warrants for proceeds of about $900,000.
Harte's shares were last up 11% at $0.30 apiece, at the top-end of their 52-week range of $0.05 - $0.34.
Price: 0.30, Change: +0.030, Percent Change: +11.1
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