Homestake Resource has announced that drilling is ongoing at the Homestake Ridge project, located in Northwest British Columbia.
High-grade gold mineralization, which was identified at the South Reef deposit, will be offset by the core holes. The deposit lies roughly 800 m towards southwest of the Homestake deposit that is located along a parallel mineral trend.
The preliminary holes will balance three holes from last year’s drilling campaign, which examined a mineralized trend having a strike length of 75 m and encountered more than 30 g/t gold in every hole. The company encountered 11.3 g/t gold and 1.6 g/t silver over 8.7 m, and 30.8 g/t gold and 3.3 g/t silver over 3.1 m in hole HR11-232.
Homestake Resource discovered this third high-grade South Reef gold-silver deposit in this evolving district. Mineralization is exposed along the complete 3.4 km strike of target horizon and at depth.
In addition, the company has added further claims of 2964 ha in two claim groups located towards the Kinskuch property, which brings the total claim area to 62,364 ha. Claims were specifically included in the property’s north boundary and enclose a part of the White River’s headwaters.
The company acquired a second group of claims located along the southeast outcrop of the Dolly Varden and Homestake mineral trends in the property’s west portion. The records of the BC government define the mineral showing of Silver King as a sequence of quartz veins and stringers of up to 1 m in thickness.
Different amounts of sphalerite and galena are present in the veins. The company has not assessed these results yet. During this year’s exploration season, the mineral showing will be prospected and assessed as segment of a limited surface campaign focusing the Kinskuch claim areas.
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