Harte Gold CEO on Ontario’s newest high-grade gold mine in the last 10 plus years
“We actually have now shipped three shipments out of our Sugar Zone mine site, so the company is now a producer. We had a grand opening on the 24th of October that was attended by the Premier of the Province, Doug Ford and the Mines Minister Greg Rickford. We had about 300 people on site. It was a very excellent day, let us put it that way, to open this new facility. It is Ontario’s newest high-grade gold mine probably in the last 10 plus years.” States Stephen Roman, Chairman, President and CEO of Harte Gold Corp. (TSX: HRT), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.
Tracy Weslosky: Now you just announced your gold pour, two weeks ago, three weeks ago?
Stephen Roman: Yes. We actually have now shipped three shipments out of our Sugar Zone mine site, so the company is now a producer. We had a grand opening on the 24th of October that was attended by the Premier of the Province, Doug Ford and the Mines Minister Greg Rickford. We had about 300 people on site. It was a very excellent day, let us put it that way, to open this new facility. It is Ontario’s newest high-grade gold mine probably in the last 10 plus years.
Tracy Weslosky: This is a significant accomplishment. For those of you out there with all of your cannabis dough, can you tell them why they should look at Harte Gold?
Stephen Roman: I think the cannabis group needs to take some profits and put it into the next rising sector, which will be gold and uranium and other commodities. They have been depressed for a while and now I think they are starting to move. We as a new producer, a new high-grade producer here in the Province of Ontario have a lot of upside. The last company that was in our area that was taken over by a significantly larger company had a similar sized operation to us they went out for almost a billion dollars Canadian. Our market cap is $250 million right now. If we start to move up into that level it will be a significant rise for anybody getting in at this point.
Tracy Weslosky: Earlier this year Stephen you also announced tripling your resource. Is that correct?
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Stephen Roman: That is correct. That was the last NI 43-101 we put out. That was for drilling done in 2017. We went from about a half a million ounces to 1.5 million ounces so a very large increase. What we are doing now, of course, we kept drilling and we have been drilling through 2018. We will have another resource update in the first quarter. We expect another increase in our resource.
Tracy Weslosky: For all of you InvestorIntel members following the Australia gold buzz and you are looking for a gold story here in Canada, can I have you back up and try and give us an overview of the Sugar Zone Project and just introduce us to it please Stephen.
Stephen Roman: Okay. The Sugar Zone was discovered about the time of the Hemlo deposit in the early eighties. Really it languished there. It was viewed as a small insignificant deposit. When we took over managing the company in 2009 there was about 100,000 to 150,000 ounces. Subsequently did a drill program and built that up to a half a million ounces. The following drill program built that up to a million and a half ounces. It is a project that has got a lot of legs. It is open on strike down dip and it just requires the work and the drilling to prove up a larger resource…to access the complete interview, click here
Disclaimer: Harte Gold Corp. is an advertorial member of InvestorIntel Corp.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>