Harte Gold Raises $2.5 Million and Updates on Sugar Zone Work

Harte Gold Corp. (TSX:HRT) announced that it’s raised gross proceeds of $2.5 million via a non-brokered secured note offering. The offering was made up of 250 units priced at $10,000 each.
The company also provided an update on work at the Sugar zone. The press release states:

Harte Gold announced that as of today’s date, 600 meters of ramp development have been completed and the first ore is anticipated prior to the end of March, 2016. Harte Gold has signed a final toll milling agreement with Barrick Gold Corp. for the processing of the 70,000 tonne bulk sample and awarded the tender for the crushing and hauling contract of the bulk sample to Kabi Lake Resources Corp. and its joint venture partner Pic Mobert First Nation (“Pic Mobert”).

Stephen G. Roman, president and CEO of Harte Gold, commented:

We will be mining the first ore within the next week and anticipate shipping to Barrick’s Hemlo mill in April. Our mining operations team together with contract miner; Technica Mining Inc. are doing an excellent job on site where they are on budget, ahead of schedule and with no lost time accidents. We look forward to completing the Bulk Sample Project prior to year-end and will be applying for our commercial operating permits during this period.

Click here to read the full Harte Gold Corp. (TSX:HRT) press release.