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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.
Bravo Gold reports high grade gold results from South Reef
Bravo Gold Corp. (CVE:BVG) reported Monday additional high-grade gold assays from the South Reef deposit.
The South Reef discovery was made last year, and is located 750 metres to the southwest of the two previously discovered deposits on the Homestake Ridge project, which is located in northwestern British Columbia.
Two important zones of mineralization have been identified in drilling at South Reef, a shallow copper-rich sulfide zone and a deeper gold-rich zone.
Three holes have now tested the gold-rich zone, the company said, with all three intersecting over 30 grams per tonne (g/t) of gold mineralization.
A fourth hole only tested the shallow, copper-rich sulfide zone.
Bravo said assays from core hole HR11-235 tested the gold-rich zone deeper than previously reported hole HR11-234, and approximately 70 metres along strike to the northwest of hole HR11-234.
HR11-235 intersected several intervals of gold mineralization including: a 1.5 metre interval averaging 41.3g/t gold and 14.6g/t silver within a 2.5 metre interval averaging 25.2g/t gold and 9.6g/t silver; a 0.8 metre interval of 46.5g/t gold and 12.3g/t silver; and a 3.7 metre interval of copper-enriched massive sulphide mineralization averaging 2.4g/t gold, 13.0g/t silver and 0.7% copper.
The shallow, sulphide-rich zone was also intersected in drill hole HR11-236, a 15 metre down-dip offset from hole HR11-235, and returned a 1.55 metre interval averaging 0.81g/t gold, 51.3g/t silver, 0.8% copper, 2.1% lead and 4.0% zinc.
The company said that similar gold- and copper-enriched massive sulphide mineralization was identified in prior drill hole HR11-234, and on surface two kilometres to the southeast at the Vanguard Copper occurrence.
"These may represent significant hangingwall lenses that could guide future exploration for additional new gold deposits within a 2 kilometre long trend on the Homestake Ridge property that currently has not been tested with drilling," Bravo Gold said in a statement.
Hole HR11-232 is considered the discovery hole at South Reef, with a reported 3.1 metre interval averaging 30.8g/t gold within an 8.7 mrytr interval averaging 11.3g/t gold beginning at 157.6m depth.
To date, the company has received assays from portions of 17 of this season's 23 holes on the Homestake Ridge property. All assays from the South Reef zone have now been received, it added.
Results from five additional holes from the southeast margin of the Homestake Silver deposit are still pending.
Bravo Gold has a 100 percent interest in the Homestake Ridge project, which is located in a prolific mineral belt in northwestern British Columbia.
The 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 g/t gold equivalent cut-off, of 191,000 ounces gold and 1.35 million ounces silver, plus an inferred resource of 530,000 ounces gold and 13.47 million ounces silver.
Two deposits have been identified to date, and multiple exploration targets remain to be tested on the large 2,585 hectare property.
Bravo also holds an option to acquire the 596-square-kilometre Kinskuch project located adjacent to, and to the southeast of, Bravo's Homestake Ridge project.
