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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 (each, a "Unit") at a price of $0.26 per Unit, generating aggregate gross proceeds of $18,613,613.72 (the "Financing"). As disclosed in its March 5, 2026 news release, the Company issued only Units with proceeds immediately available to Gold Hart Copper, rather than subscription receipts contingent upon the Proposed Acquisition.
The Company plans to use the proceeds from the Financing to advance its mineral resource programs in Chile. This includes accelerated drilling, trenching, geochemical and geophysical surveys at its Tolita, Toro, Cachitos, Casale Sur, and Zelma concessions in the Vicuña District, as well as the Nessa Complex of assets (Nessa, Ringo, Manto Carolina, and Rebecca properties) along the Domeyko Fault System. Funds will also support working capital and general corporate purposes. Additional details about the Financing are available 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, added: "For years we focused on consolidating prime historic assets in the renowned Vicuña and Domeyko gold and copper belts of Chile. Although we secured disciplined partnership-based deals with landowners, limited budgets generally forced us to concentrate most exploration and development efforts on our flagship asset—the Tolita gold-copper-molybdenum-silver porphyry target in the Vicuña District. Now, with dedicated budgets, we can accelerate exploration and simultaneously develop multiple high-potential assets."
Gold Hart Copper's Tolita - Flagship Gold-Copper-Molybdenum-Silver Porphyry Target in Vicuña District
On February 23, 2026, Gold Hart announced the completion of drill hole DDHTOL01, which reached a depth of approximately 1,053 meters. The core displayed encouraging characteristics, with multiple intervals showing strong hydrothermal alteration 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 several centimeters thick, and locally recognized chalcopyrite and bornite mineralization in several veinlets. The geologists believe the drill did not intersect the fault responsible for the sterile zone encountered in the middle of the initial two diamond holes.
