Homestake Resource Corp. is a Canadian-based exploration company, committed to increasing shareholder value with an experienced management team that has successfully demonstrated the ability to identify, explore and develop gold/silver properties within North America.
The Company's primary asset is the Homestake Ridge Project, a gold-rich epithermal/VMS-related vein system hosted within Eskay Creek equivalent stratigraphy, with three deposits containing NI 43-101 compliant resource estimates.
Since acquiring the property in 2003, 77,946 meters of exploration and delineation drilling have been completed, leading to the identification of a NI 43-101 compliant mineral resource estimate of 124,000oz gold and 939,000ozs silver indicated plus 911,000ozs gold and 20,366,000ozs silver inferred at an $85NSR cut-off in three separate deposits(1).
The Company’s Nevada holdings, strategically located within the Battle Mountain/Eureka, Northern Nevada Rift and Austin gold trends, have been spun-out to Bravada Gold Corp. Homestake Resource holds a 10% shareholding interest in Bravada Gold Corp.
Homestake Resource Corp. is affiliated with Manex Resource Group, a private company comprised of an exceptional multi-disciplinary team of professionals, with specific expertise in all the areas of exploration, development and public company administration.
(1) The current estimate was prepared by Roscoe Postle Associates Inc. (RPA). Mineral Resources utilize three separate block models constrained by 3D wireframes of the mineralized zones. The block models are comprised of an array of blocks measuring 5 m x 5 m x 5 m, with grades for Au, Ag, Cu, AuEq and NSR values interpolated using ID3 weighting. The models identified an indicated resource of 604,000 tonnes averaging 6.4g/t Au, 48.3g/t Ag and 0.18% Cu and a cumulative inferred resource of 6,765,000 tonnes averaging 4.2g/t Au, 93.6g/t Ag, 0.11% Cu. Mineral resources that are not mineral reserves do not have demonstrated economic viability.