Resource World Magazine

A U G U S T / S E P T E M B E R 2 0 1 7 www.resourceworld.com 59 million gold oz, inclusive of reserves (144 M tonnes at 0.88 g/t). On January 11, 2017, Argonaut Gold announced final assay results for the last 123 reverse-circulation (RC) holes of a 350-hole program at the Magino Project designed to reclassify mineral reserves from probable to proven within the pro- posed starter pit at Magino. Tom Burkhart, Vice President of Exploration stated, "Drill results support the current block model and the interpreted geometry of mineralization." These drill results, including those that were released December 5, 2016 will be incorporated into a feasibility study, which is expected to be completed during the second half of 2017. Harte Gold Corp. [HRT-TSX; HRTFF- OTC H40-FSE] is developing their 100%-owned Sugar Zone property 60 km east of the Hemlo Gold Camp. The property holds an NI 43-101 compliant indicated resource of 1,117,000 tonnes grading 8.41 g/t gold for 302,000 ounces of contained gold and an inferred resource of 417,000 tonnes grading 7.13 g/t gold for 95,000 ounces of contained gold. In January, Harte Gold received a Phase I Commercial permit, allowing continued mining at the Sugar Zone Deposit of 30,000 additional tonnes and further under- ground development in preparation for full scale commercial operations expected to begin Q1 2018. Currently, six drills are on site conduct- ing a 75,00-metre program. As well, Harte Gold is conduction airborne geophysical surveying (MAG, HTEM, IP), geochemi- cal and field mapping and grab sampling. A recent property-wide airborne magne- tometer survey has identified four new exploration regions. Harte Gold reported on July 5, 2017 that it had completed a bought deal private placement financing raising $25,000,570 for the development of the Sugar Zone property, for regional exploration, and for general corporate purposes. McDonald Mines Exploration Ltd. [BMK-TSXV] announced on June 12, 2017, the completion the purchase of all of Noble Mineral Exploration Inc.'s interest in the Holdsworth exploration property 25 km northeast of Wawa (1.5% net smelter roy- alty to Noble Mineral Exploration). The property has been explored by MacDonald Mines since late 2016 under an option and JV Agreement (now void) between Noble and MacDonald. One of the company's main gold targets on the Holdsworth property are the Oxide Sands where gold mineralization occurs in black sands composed of "fine quartz, non-magnetic iron oxides (likely oxidized pyrite) and free gold". Because the mate- rial can be easily accessed and excavated with a backhoe, (shallow overburden) mining costs will be minimal should the deposit be large enough. Mcdonald Mines shipped 100 kg of oxide sands to SGS Minerals to "conduct metal- lurgical testing and investigate potential simple processing methods to concentrate the gold and silver from the Oxide Sands and achieve the highest possible recovery." In May the company announced results for its initial sampling program; highlights include: an initial average grade of 2.95 g/t gold for sample A and 5.45 g/t gold for sample BE. Exploration plans for this year include core sampling, trenching, field sampling and an airborne geophysical survey. On July 6, McDonald Mines announced that it had begun excavating the Oxide Sands on the Holdsworth property. The company is conducting an expanded trenching program to expose and sample the sands along strike and a sonic drill will test their depth limits. Red Pine Exploration Inc. [RPX- TSXV] has a 60% interest in their recently acquired Wawa gold project; with Citabar LLP holding the remaining 40%; Red Pine is the project operator. Though, numerous historic gold mines produced over 120,000 gold oz on the property and over 87,000 metres have been drilled there, these mines were never geologically connected. The company states that, "To date, the largest gold deposit on the property is the Surluga Deposit." The Surluga Deposit hosts a NI 43-101 inferred resource of 1,088,000 ounces of gold at 1.71 g/t using a 0.50 g/t gold cut-off grade, contained in 19.82 mil- lion tonnes open along strike and at depth. Red Pine's work towards developing a comprehensive understanding of the propertie's geology is uncovering new targets. This spring the company began a 10,000-metre diamond drill program following-up on a "promising intersection of the former Minto Mine structure near the former Parkhill Mine to infill the 1 km strike between the historic mines. The company reported in May that visible gold was observed in all seven holes drilled in the southern extension of the Minto Mine shear zone. On June 21, 2017, Red Pine announced partial results for holes SD-17-75 to SD-17- 78 demonstrating that the high-grade mineralization of the historic Minto Mine extends to the south. Other exploration work by Red Pine includes sampling of 42,000 metres of his- toric core and the completion in March 2017 of a 6,000-metre drill program. Richmont Mines Inc. [RIC-TSX, NYSE] has the (100%-owned) producing, under- ground, Island gold mine 83 km NE of Wawa. On May 29, 2017, Richmont Mines announced that results from an Expansion Case Preliminary Economic Assessment confirm the increase in mine and mill pro- ductivity to 1,100 tpd (latter 2018 target) will support production growth of 22% at low industry cash costs and a robust cash flow stream over the eight-year Phase 1 period, with low incremental capital of $28.2 (US $20.9) million required. The company expects that the mine will produce, on average, 125,000 oz per year, excluding the 2017 and 2018 ramp-up period, or 115,000 ounces over an 8-year period. Additional opportunities remain for further expansion scenarios and mine life extension. RT Minerals Corp. [RTM-TSXV] has three properties in the Wawa area: Ballard Lake diamond and gold property (100%

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