The trend towards small-scale mining (or as we are tending to call it “right-sized” mining) seems to be gaining traction. Bankers don’t like it because it means smaller financings and less fees and consultants absolutely hate it because it means less mindless-drilling, wheel-spinning and production of useless tomes of BFS and DFS drivel.
The group that does like it includes retail investors and us, while institutional investors find that, quite literally, they cannot get enough of these companies. We have highlighted Anaconda in the past for this strategy (to which it has added another property this week) and had favoured Minnova for proposing something similar (though it has seemingly lost track from production and gone into some continuous financing mode).
In the latter case it really takes some doing to make your previous five announcements, over four months, solely about financings.Then there is Harte Gold Corp. (TSX:HRT), which seems destined to shortly join the ranks of producers with its mine in Ontario. We shall do an overview here on the progress thus far.
Hunting in Hemlo Territory
Harte Gold Corp. is focused on the exploration and development of its 100% owned Sugar Zone property and is currently prepping for a “bulk sample” at the deposit that should yield up to 25,000 ozs Au.
The Sugar Zone property is located in Ontario, approximately 60 km east of the Hemlo area gold mines, 25 km north of White River off the Trans-Canada Highway (#17). The property can be accessed via a series of logging roads and drill trails extending north from the community of White River.
For the rest of this article, click here: http://investorintel.com/gold-precious-metals-intel/harte-gold-sweet-smell-sugar-zone/