Gold Hart Copper closes $18.61-million placement

Executive Summary

• Gold Hart Copper Corp. closed an oversubscribed non-brokered private placement of 71,590,822 units at $0.26 per unit, raising gross proceeds of $18,613,613.72.
• Proceeds will fund accelerated drilling, trenching, and geochemical/geophysical work across its Tolita, Toro, Cachitos, Casale Sur, Zelma, and Nessa assets in Chile, plus working capital.
• The company provided significant updates on its flagship Tolita porphyry target, including the completion of hole DDHTOL01 (1,053m) showing strong porphyry characteristics, and announced plans for RC drilling at a high-grade trench (up to 52 g/t AuEq).
• High-grade surface geochemistry was reported at the Nessa complex, with samples returning up to 9.74 g/t Au, 4.725% Cu, and 968 g/t Ag.

Key Details

• Financing Structure:

  • Type: Non-brokered private placement.
  • Units Sold: 71,590,822 units.
  • Price: $0.26 per unit.
  • Gross Proceeds: $18,613,613.72.
  • Use of Proceeds: Advance mineral resource programs in Chile (Tolita, Toro, Cachitos, Casale Sur, Zelma, Nessa complex), working capital, and general corporate purposes.
  • Finder’s Fees: $741,055 in cash paid to participating investment dealers.
  • Finder Warrants: 2,859,013 non-transferable warrants granted; exercise price $0.26; expiry March 12, 2028.
  • Insider Participation: Directors and advisers subscribed for ~3% of units.
  • Hold Period: Securities subject to hold period until July 12, 2026.
  • Acquisition Note: Proceeds are not intended for the proposed all-stock acquisition of Rhyolite Resources Ltd. (RYE), which is expected to close in late Q2 2026.

• Tolita Project (Vicuna District) - Drilling & Exploration:

  • DDHTOL01: Completed at 1,053 meters. Core showed strong hydrothermal alterations, mineralization consistent with a fertile porphyry-style environment, multiple generations of veinlets/stockworks, and locally chalcopyrite/bornite mineralization. Did not intercept the sterile fault zone seen in previous holes.
  • DDHTOL04: Currently drilling, has exceeded 500m depth. Update pending completion.
  • Previous Holes (DDHTOL02 & DDHTOL05): ~600m each; encountered ~360m and ~230m of gold/copper/moly porphyry mineralization, respectively.
  • High-Grade Trench RC Drilling: Planning to add an RC rig to target high-grade opportunities closer to surface.
    • Trench grades: 8.61 g/t AuEq over 10m.
    • Specific intercepts: 8m at 10.41 g/t AuEq; 2m at 10.40 g/t Au, 20 g/t Ag, 2.88% Cu.
    • Grab samples: Up to 45.75 g/t Au, 28 g/t Ag, 3.99% Cu (~52 g/t AuEq).
  • Geophysics: Geophysical anomaly expanded by 76% to 4.3-4.8 sq km. Third-party geophysicist noted the conductor extends deeply, suggesting good conduit for hydrothermal flow and potential for increased grades at depth.
  • Land Position: 3,476 Ha (34.8 sq km).

• Nessa Complex (Domeyko Fault System) - Geochemistry:

  • Recent Survey Results:
    • 12 samples >1 g/t Au (range 1.11–9.74 g/t Au).
    • 13 samples >0.3% Cu (range 0.379–4.725% Cu).
    • Additional high-grade samples: Up to 9.7 g/t Au, 968 g/t Ag, 4.7% Cu.
  • Historical Context: 13 historic artisanal pits. Historic samples up to 25 g/t Au, 3.25% Cu, 958 g/t Ag.
  • Land Expansion: Property expanded 330% from 4,100 Ha to 13,500 Ha (135 sq km).
  • Location: Surrounded by majors (Newmont, Solaris, JX Nippon, Anglo American); near Kinross La Coipa and Rio2 Fenix.

• Notable Quotes

  • Robert Cudney (CEO, Northfield Capital): "The overwhelming response to this financing speaks for itself. Northfield invested in Gold Hart Copper because its quality assets and geological team are first rate, and the Vicuna district and Domeyko fault system are rapidly emerging as two of the most important copper and gold belts on the planet. We look forward to the drilling."
  • Isaac B. Maresky (CEO, Gold Hart Copper): "For years we focused on rolling up prime historic assets... limited budgets generally forced us to focus the lion's share of exploration and development singularly on our flagship asset -- the Tolita... Finally, we can accelerate exploration with dedicated budgets for all of our top properties and develop multiple high-potential assets simultaneously."
  • Rodrigo Diaz Tilleria (VP, Gold Hart Copper): "Our focus remains the large-scale porphyry potential of Tolita. But Tolita also offers the rare opportunity to target and hopefully prove a high-grade shallower component of the asset... we have 52 g/t gold and simply put we need to test it."