Proactiveinvestors recommends
Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: HSR
Latest Price: 0.21  (16.67% Ascending)
52-week High: 1.15
52-week Low: 0.18
Market Cap: 4.52M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Homestake Resource
www.homestakeresource.com

Homestake Resource Corporation is 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 major asset is the 100% owned 2,585ha Homestake Ridge Project in northwest British Columbia, a gold-rich epithermal/VMS-related vein system which is rapidly advancing with excellent drill results.

Full Homestake Resource profile here
Pdf

Bravo Gold shares spike nearly 20% on high-grade gold discovery at Homestake Ridge

21st Dec 2011, 2:32 pm by Olivia D'Orazio
Bravo Gold shares spike nearly 20% on high-grade gold discovery at Homestake Ridge

Bravo Gold (CVE:BVG) said Wednesday it discovered a new high-grade gold mineralization on the South Reef zone of its wholly-owned Homestake Ridge project, located in northwestern British Columbia, sending its shares up nearly 20 percent.

On the TSX-Venture Exchange, Bravo shares traded up 18.18 percent to $0.065, as of 11:40 am EDT.

The company had received assays from two of three core holes that intersected the target structure on the previously undrilled South Reef zone.

Notable assays from hole 11HR-232 intersected 8.7 metres grading 11.3 grams per tonne (g/t) gold, 1.6 g/t silver, and 0.1 percent copper, including 30.8 g/t gold, 3.3 g/t silver, and 0.3 percent copper over 3.1 metres.

Hole 11HR-234 intersected 3.0 metres grading 12.9 g/t gold and 3.0 g/t silver, including 1.0 metres at 37.3 g/t gold and 7.7 g/t silver.

This hole tested the zone to a 240-metre depth, where it remains open. Assays also returned 6.3 metres grading 3.4 g/t gold, 15.7 g/t silver, and 0.6 percent copper, including 1.95 metres at 4.5 g/t gold, 44.0 g/t silver, and 2.0 percent copper.

Assays for the third hole, which was drilled about 50 metres along strike from hole 11HR-234, are still pending.

To date, Bravo said it has received assays from 15 of the season's 23 holes drilled on the Homestake Ridge property. The company is awaiting results from five holes drilled on the southeast margin of the Homestake Silver zone, two holes drilled on the South Reef zone, which is open along strike for over 750 metres and at depth, and on hole on a peripheral target.

The large, 2,585 hectare Homestake project is being advanced as a potential high-grade underground mining operation, with a current NI 43-101 compliant indicated resource, at a 3.0 grams per tonne (g/t) gold equivalent cut-off, of 191,000 ounces gold and 1.35 million ounces of silver, plus an inferred resource of 530,000 ounces of gold and 13.47 million ounces of silver.

Aside from its B.C. projects, Bravo also holds an 11.7 percent interest in Bravada Gold Corporation (CVE:BVA), which is exploring 22 projects in Nevada.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.