Gold Hart increases placement to $18.61-million

Executive Summary

• Gold Hart Copper Corp. announces an upsized non-brokered private placement of units, increasing the total offering size to $18,613,613.72, with net proceeds designated for exploration acceleration, working capital, and general corporate purposes.
• The company reports completion of drill hole DDHTOL01 at its flagship Tolita project, reaching 1,053 meters with encouraging hydrothermal alterations and mineralization consistent with a porphyry-style environment, including chalcopyrite and bornite.
• Significant operational updates include reanalyzed assay results from the Nessa complex showing high-grade copper (up to 4.73%), and plans to launch Reverse Circulation (RC) drilling at Tolita to target high-grade surface trenches (up to 52 g/t gold equivalent).

Key Details

• Financing Structure:
  • Total Proceeds: Upsized to $18,613,613.72.
  • Price: 26 cents per unit.
  • Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
  • Warrant Terms: Each warrant is exercisable to acquire one common share at $0.40 per share for a period of two years from issuance.
  • Use of Proceeds: Development of business, acceleration of exploration activities, working capital, and general corporate purposes.
  • Closing: Expected during the week of March 9, 2026, subject to TSX Venture Exchange approval and customary conditions.
• Tolita Project (Drilling Results):
  • Hole DDHTOL01: Completed at a depth of approximately 1,053 meters.
  • Observations: Core displays strong hydrothermal alterations and mineralization consistent with a fertile porphyry-style environment.
  • Mineralization: Multiple generations of veinlets and stockworks observed over intervals up to several hundred meters; banded veinlets with thicknesses of several centimeters; locally recognized chalcopyrite and bornite mineralization.
  • Geological Context: Geologists do not believe the drill intercepted the same fault that caused a sterile zone in the initial two diamond holes.
  • Previous Holes: DDHTOL02 and DDHTOL05 (approx. 600m each) encountered ~360m and ~230m of gold, copper, and moly porphyry mineralization, respectively.
• Tolita Project (RC Drilling Plans):
  • Objective: Target higher-grade pockets close to surface beyond the larger porphyry target.
  • Target Grade: High-grade trench grading 8.61 g/t gold equivalent over 10 meters, including two meters at 10.40 g/t gold, 20 g/t silver, and 2.88% copper.
  • Grab Samples: Up to 45.75 g/t gold, 28 g/t silver, and 3.99% copper (approx. 52 g/t gold equivalent).
  • Timeline: RC drill campaign anticipated to launch by early March 2026.
• Nessa Complex (Assay Updates):
  • Reanalysis: 13 samples reanalyzed, with 12 returning higher grades than prior announcements.
  • Key Results: Seven samples graded 1.25% to 4.73% copper, including four samples exceeding 2.40% copper.
  • Future Work: Comprehensive geochemical survey planned (500–1,000 samples) to grid the property, launching in the coming two weeks.
• Property Expansion:
  • Nessa: Expanded by 330% from 4,100 hectares to 13,500 hectares (135 square km).
  • Tolita: Geophysical anomaly expanded by 76% to 4.5 square km; property size is 3,476 Ha (34.8 square km).

Notable Quotes

• Rodrigo Diaz Tilleria (VP): "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. In the Vicuna district where one g/t gold on surface is rare, we have 52 g/t gold and simply put we need to test it. RC drilling is significantly faster and cheaper, does not require water to operate, and is well suited to the characteristics of this target."