Gold Hart Copper Announces Additional Upsize of Financing to $18,613,613.72
Gold Hart leverages Vicuña district expertise to upsize financing and accelerate deep porphyry drilling in Chile.
The most recent news (March 5, 2026) announces a significant upsize of a non-brokered private placement to $18,613,613.72 at $0.26 per unit. This follows a series of upsizes from an initial $4M-$10M range. Operationally, the company completed its deepest hole to date (DDHTOL01) at the Tolita project, reaching 1,053m. While final assays for the full hole are pending, visual logging confirms multiple intervals of hydrothermal alteration and mineralization (pyrite, chalcopyrite, bornite) consistent with a fertile porphyry system. Additionally, the company is pivoting to include Reverse Circulation (RC) drilling to target high-grade surface opportunities (up to 52 g/t AuEq) and reported improved assay results from its Nessa Complex after re-analysis.
- Financial Strength: The upsize to $18.6M is a major positive. It provides a massive cash cushion compared to the $5.48M held in October 2025, allowing for aggressive multi-rig programs without immediate dilution concerns.
- Exploration Validation: Completing a 1,053m hole that remains in a "fertile porphyry environment" validates the geological model that the system expands at depth. However, the lack of high-grade assay results from the deep drilling keeps the "Game Changer" rating at bay; current results show long intervals of low-grade (0.24-0.25 g/t AuEq) in previous holes.
- Strategic Expansion: The acquisition of Rhyolite Resources and the 330% expansion of the Nessa land package (to 13,500 Ha) significantly increases the company's footprint in a Tier-1 district (Vicuña/Maricunga).
- Investor Confidence: The participation of strategic investors like Northfield Capital and Robert Cudney, combined with the appointment of Sean Roosen (Osisko) to the advisory board, provides high-level industry validation.
Gold Hart Copper Corp. is a junior explorer focused on the Vicuña and Maricunga districts in Chile. Its flagship is the Tolita Project, a gold-copper-molybdenum-silver porphyry target. The project was historically recognized in the 1990s but never tested at depth until Gold Hart's 2025-2026 campaigns. The company also holds the Nessa, Pingo, and Toro projects.