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Gold Hart Copper and Rhyolite Resources Enter into Definitive Arrangement Agreement; Gold Hart Completes Diamond Drill Hole at Tolita Gold-Copper-Moly-Silver Asset in Vicuna District of Chile
RC Drill Campaign to Launch at Tolita in Coming Days; Gold Hart Copper Also Announces First Compr...
About this update from Rhyolite Resources Ltd.
[{"type":"text","content":"Gold Hart Copper and Rhyolite Resources Enter into Definitive Arrangement Agreement; Gold Hart Completes Diamond Drill Hole at Tolita Gold-Copper-Moly-Silver Asset in Vicuna District of ChileRC Drill Campaign to Launch at Tolita in Coming Days; Gold Hart Copper Also Announces First Comprehensive Geochemical Surveys at Nessa Complex Known to Host 13 Historic High-Grade Artisanal Gold & Copper Mining Pits;Toronto, Ontario--(Newsfile Corp. - April 7, 2026) - Gold Hart Copper Corp. (TSXV: HART) (\"Gold Hart\" or \"HART\") and Rhyolite Resources Limited (TSXV: RYE) (\"Rhyolite\" or \"RYE\") are pleased to announce that they have entered into a definitive arrangement agreement (the \"Arrangement Agreement\"), pursuant to which, among other things, Gold Hart will acquire 100% of the issued and outstanding common shares of Rhyolite, and the Rhyolite shareholders will receive one Gold Hart common share for every 2.6 Rhyolite common shares (the \"Consideration\") held (the \"Proposed Transaction\"). The signing of the Arrangement Agreement follows the completion of an oversubscribed, concurrent $18,613,613.72 Gold Hart financing announced on March 16, 2026 and supersedes the binding letter agreement announced on February 17, 2026. Further details on the Proposed Transaction may be found below.Gold Hart is also pleased to announce completion of the latest diamond drill hole - DDHTOL04 - at its Tolita Gold-Copper-Moly-Silver Asset in the Vicuña District of Chile. Reverse circulation drilling is now set to commence at Tolita's high-grade trench in the coming days.Additionally, Gold Hart Copper has launched the first comprehensive geochemical survey at its Nessa Complex, which follows upon the success of the high grade gold and copper results obtained in the preliminary survey announced February 23, 2026.Gold Hart Copper - TOLDDH01 - 1.051kmThe TOLDDH01 hole was completed to a final depth of 1,051m. Drilling was halted when the rig began to slow and showed signs of mechanical strain. Although the core continued to display strong veining and remained geologically compelling, Gold Hart geologists made the strategic decision to end the hole to preserve rig integrity and ensure sufficient time to complete an additional hole before the end of the season. The Company cautions that drill core visuals may not be reliable indicators of minera...