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Gold/Mining/Energy : Golden Triangle
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From: klinker8/9/2012 3:24:46 PM
   of 493
 
Homestake Ridge Drilling Underway; Claims Added to Kinskuch Press Release: Homestake Resource Corporation – 1 hour 9 minutes ago

mpanies:

HOMESTAKE RESOURCE CORP HOMEST RES

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HSR.V




VANCOUVER, BRITISH COLUMBIA--(Marketwire -08/09/12)- Homestake Resource Corporation ( HSR.V)( B6IH.F) has begun drilling at its wholly owned Homestake Ridge project in northwestern British Columbia. The core holes will offset high-grade gold mineralization discovered in 2011 at the South Reef deposit, which is located approximately 800 metres to the southwest of the Homestake Silver deposit along a parallel mineral trend. The initial holes will offset three holes from the 2011 program that tested a 75 metre strike-length of the mineralized trend to depths of 260 metres and intersected +30g/t gold in each hole, including a 3.1m interval averaging 30.8g/t Au and 3.3g/t silver within a 8.7 metre interval averaging 11.3g/t gold and 1.6g/t silver from drill hole HR11-232 (see NR-14-11).

South Reef is the third high-grade gold/silver deposit discovered by Homestake Resource Corporation in this evolving district. Mineralization is open at depth and along the full 3.4km strike length of the target horizon, which is nearly twice the cumulative strike-length of the previously delineated Main Homestake and Homestake Silver deposits.
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