Gold Hart Copper Announces Closing of Oversubscribed $18,613,613.72 Financing
Gold Hart Copper Announces
Closing of Oversubscribed
$18,613,613.72 Financing
March 16, 2026 7:46 AM EDT | Source: Gold Hart Copper Corp.
Toronto, Ontario--(Newsfile Corp. - March 16, 2026) - Gold Hart Copper Corp. (TSXV: HART) (the
"Company" or "Gold Hart Copper") is pleased to announce that it has closed its non-brokered
private placement of 71,590,822 units of the Company (each, a "Unit") at a price of $0.26 per Unit
for aggregate gross proceeds of $18,613,613.72 (the "Financing"). As disclosed in its March 5,
2026 news release, the Company has issued solely Units with proceeds immediately available to
Gold Hart Copper, and not subscription receipts contingent upon the Proposed Acquisition (as
defined herein).
The Company intends to use the proceeds from the Financing to advance its mineral resource
programs in Chile, including accelerated drilling, trenching, geochem and geophysics at its Tolita,
Toro, Cachitos, Casale Sur and Zelma concessions in the Vicuña District, and the Nessa Complex
of assets (Nessa, Ringo, Manto Carolina, and Rebecca properties) along the Domeyko Fault
System; and for working capital and general corporate purposes. Additional details regarding the
Financing may be found below and in the Company's prior press releases dated February 17,
2026 and March 5, 2026.
Robert Cudney, CEO of Northfield Capital Corporation, a significant investor in Gold Hart Copper,
commented: "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 Vicuña 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 of Gold Hart Copper, commented: "For years we focused on rolling-up
prime historic assets in the renowned Vicuña and Domeyko gold & copper belts of Chile. Even
though we struck disciplined partnership-based deals with land owners, limited budgets
generally forced us to focus the lion's share of exploration and development singularly on our
flagship asset - the Tolita gold-copper-moly-silver porphyry target in the Vicuña. Finally, we
can accelerate exploration with dedicated budgets for all of our top properties and develop
multiple high-potential assets simultaneously."
Gold Hart Copper's Tolita - Flagship Gold Copper Moly Silver Porphyry Target in Vicuña District
On February 23, 2026, Gold Hart announced completion of the drill hole DDHTOL01, which
reached a depth of approximately 1,053m. Interestingly, the core continued to display
encouraging characteristics, with multiple intervals showing strong hydrothermal alterations and
mineralization consistent with a fertile porphyry-style environment. Gold Hart geologists observed
multiple generations of veinlets and stockworks with varying intensities over intervals up to
several hundred meters, banded veinlets with thicknesses of several cm, and locally chalcopyrite
and bornite mineralization has been recognized in several of these veinlets. HART geologists do
not believe the drill intercepted the same fault which caused a sterile zone in the middle of the
initial 2 diamond holes.
In terms of next steps for the Company's flagship Tolita Gold-Copper-Moly-Silver Asset in the
Vicuña District of Chile, Gold Hart has already launched the next diamond drill hole - DDHTOL04
- which has now exceeded 500m. Gold Hart will provide an update upon completion of this
diamond drill hole.
In addition the ongoing diamond drill campaign, Gold Hart anticipates launch of RC drilling at
its high-grade trench - with up to 52g/t gold equivalent including 3.99% copper on surface.
The objective of the RC campaign is to demonstrate higher grade pockets close to surface,
beyond the larger porphyry target. The Company has added a video regarding this high-grade
trench: https://www.youtube.com/shorts/s_tbILO1Gqk
Gold Hart recently hosted a site visit which included tours of the Tolita & Nessa assets. Gold Hart
board and advisory board members including the honourable John R. Baird, Mark Kucher, and
Aleta Shiff were also in attendance. In this 360-degree immersive video - which allows you to
interactively toggle views - Gold Hart co-founder Jonathan Warner explains the diamond drilling
process
https://cloud-va.insta360.com/share/va/374Q7q0e1K66213G4421719040 also accessible on
YouTube at https://www.youtube.com/shorts/lw3fGWwQH2Q
Portfolio of Assets in Vicuna and Domeyko
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Tolita High Grade Gold Copper Trench on Large IP Anomaly
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Nessa Copper-Gold-Silver Complex - Domeyko Fault System- High Grade Copper Up To 4.7%
on Surface
Gold Hart recently announced that its geochemical survey at the Nessa Complex just west of
Kinross' La Coipa Gold Mine returned high-grade gold, copper, and silver results. In total, 12
samples returned gold values in excess of 1g/t (samples of 1-5kg ranging from 1.11g/t to
9.74g/t), while 13 samples returned copper values in excess of 0.3% (samples of 0.6-4.2kg
ranging from 0.379% to 4.725%)
In addition to high grades on surface, the Nessa Complex was historically home to 13 artisanal
gold and copper mining pits, where it is reported that high-grade minerals were mined using
mules. Gold Hart has been planning a more comprehensive geochemical survey at the Nessa
Complex, with a target of 500-1,000 geochemical samples gridding the property. Gold Hart will
provide an update once this exploration campaign commences. Please refer to the notes
regarding quality assurance and quality control measures applied during the execution of the
work being reported on, at the end of this disclosure.
Nessa Gold Copper Complex Expansion 3.3x
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Tolita - High Grades Nessa
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Additional RC Drill Rig at Tolita to Target High Grade Trench Up to 52g/t Gold Equivalent with
3.99% Copper
In addition to Gold Hart's primary diamond drilling at Tolita, the Company is planning to add a
reverse circulation (RC) drill rig in order to target certain higher grade opportunities closer to
surface at Tolita. Specifically, Gold Hart intends to target its highest grade trench, which grades
8.61g/t gold equivalent over 10m, including 8m at 10.41g/t gold equivalent and including 2m at
10.40g/t gold, 20g/t silver, and 2.88% copper, and including grabs of 45.75g/t gold, 28g/t silver,
and 3.99% copper (approximately 52g/t gold equivalent).
Gold Hart recently opened up this high-grade trench with a bulldozer and exposed visible green
and turquoise staining typical of copper minerals malachite and chrysocolla. Interestingly, the
larger geophysical anomaly at Tolita appears to reach surface at or near this high-grade trench.
Gold Hart Vice President Rodrigo Díaz Tillería (P.Geo) commented, "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 Vicuña District where 1g/t
gold on surface is rare, we have 52g/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. Our current geological model assumes that this high-grade trench at
Tolita may only be a fraction of the size of the larger system, but we do believe it hosts potential
for generating higher grade intercepts close to surface and therefore potential to add high grade
ounces, thereby demonstrating another facet to the Tolita asset." HART originally anticipated
launching its RC drill campaign at this high-grade trench in early March, but the drill rig put
forth by contractors did not meet the Company's requirements. The Company has located an
alternative drill rig and will update as soon as this campaign commences in the very near
future. The Company has added a video regarding this high-grade trench:
https://www.youtube.com/shorts/s_tbILO1Gqk
Tolita - 76pc Expansion of Anomaly to 4.5km sq
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Nessa Expansion - Historic Mines
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About Gold Hart Copper's Nessa Gold-Copper-Silver Assets
Gold Hart's Nessa properties sit on the renowned Domeyko Fault of Chile, most famous for
hosting the Escondida Copper Mine - now the largest copper mine in the world - which was first
staked by Gold Hart co-founder Dr. Jose Frutos in the 1970s. Dr. Frutos recognized and personally
staked some of the Nessa claims nearly two decades ago, due to the unique surface alteration -
visible from satellite imagery - with high grades on surface and several historic mines which
exploited gold, copper and silver at or near surface via pits and shallow tunnels. The historic
mines coincide with a pervasive yet intense hydrothermal alteration (silicic-argillic to quartz-
sericitic with abundant kaolin in the central part) with a halo of propilitic alteration in the
periphery, with disseminated gold-copper-silver mineralization throughout.
Gold Hart recently expanded the Nessa property by 330% (3.3X) from an initial property size of
4,100Ha up to a current land position of 13,500Ha (135km). The Nessa Complex is just south of
the massive Codelco El Salvador - Portrerillos copper mining and smelting complex, one of the
oldest copper smelting facilities in the country. Nessa is also surrounded by major miners
Newmont, Solaris, JX Nippon, and Anglo American, and sits just northwest of Rio2's Fenix gold
deposit and just west of Kinross' La Coipa gold mine.
The Nessa properties were known to host 13 historic artisanal high-grade gold & copper pits,
which were mined using mules due to lack of access. Additionally, historic geochemical surveys
discovered high grades on surface for gold, copper, and silver, with samples up to 25g/t gold,
3.25% copper, 958g/t silver. However, the Company has now discovered additional copper
showings on surface and historic mining pits, and now believes there may be other unknown
targets on these assets. Gold Hart recently completed a follow-on geochemical survey and
obtained additional high grade samples, including up to 9.7g/t gold, 968g/t silver, and 4.7%
copper on surface.
Please refer to the notes regarding quality assurance and quality control measures applied during
the execution of the work being reported on, at the end of this disclosure. Please visit the Gold
Hart Copper YouTube channel for footage of the road construction and copper oxides at Nessa:
https://www.youtube.com/shorts/Ax6fOStX72c
2
Nessa - High Grades Copper Gold Surface
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Nessa Expansion - High Grades on Surface
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%20nessa%20expansion%20-%20high%20grades%20on%20surface%20-%208.jpg